Seeks to boost manufacturing, logistics in 2015
CEMENT giant Holcim Philippines Inc. said its net income reached the P5-billion mark in 2014, driven by strong demand amid sustained construction activity nationwide.
In a statement, the company said the cement industry grew by 9.5 percent in 2014, which helped bolster demand for Holcim products.
The company reported P5.1 billion in net profit last year, a 12.9-percent increase over the 2013 profit of P4.5 billion.
Revenue grew by 13 percent to P32.6 billion from P28.9 billion the previous year as cement sales volume jumped 12.3 percent.
Good cost management also contributed to the robust bottom line, particularly in manufacturing, distribution and support groups that minimized the impact of expensive imported clinker.
“The healthy economy continues to provide opportunities for our business to thrive. Last year, with the sustained construction boom, the challenge was ensuring that there is enough supply so these projects are completed on time and on budget. Our company is proud to have met this challenge and contributed to the country’s development,” said Eduardo Sahagun, Holcim Philippines president and chief executive officer.
For this year, Sahagun said Holcim will continue to improve its supply chain by boosting manufacturing and logistics, which will sustain the company’s performance.
He also said the expected ramping up of construction and the cement industry in the coming years will further improve its sales and operations, particularly amid a higher government budget for infrastructure, sustained private sector expansion, and faster implementation of public-private partnership projects.
Holcim Philippines is the local arm of Holcim Group based in Switzerland and Zurich, producing and supplying cement and aggregates (crushed stone, gravel and sand). The cement maker has four factories in the Philippines in La Union, Bulacan, Misamis Oriental and Davao.