A total of US$40 million (€35.87 million) is being invested by
The money will largely be used for the de-bottlenecking of current facilities. Such move will be able to increase the output of cement to 10 million tonnes through 2017.
According to Eduardo A Sahagun, CEO and president of Holcim, financing the capacity expansion is not an issue as the company has ample cash and very little debt.
Some PHP 2 billion has been set aside by the company for capital expenditure for 2015. The current capacity of Holcim is 8.2 million tonnes.