Cement demand robust, boosts Holcim profit

Cement demand remained robust nationwide in the first quarter of the year as the government ramped up infrastructure spending and the private sector continued rolling out new commercial and residential projects.

“The strong cement demand is a positive indicator for the growing economy. It shows the government’s continued commitment to improving infrastructure and raising the country’s competitiveness, and the private sector’s bullishness on available economic opportunities,” Ed Sahagun, chief executive officer of Holcim Philippines, said.