Philippines: Holcim Philippines CEO tips cement market growth in 2016

Byszheng

Updated Fri, 22 Apr 2016 09:57:39 GMT

Holcim Philippines' CEO Eduardo A Sahagun has tipped the domestic cement market’s robust performance to continue in 2016, with sales growth of up to 8%. 

The nation’s private sector's continuing construction activities and the Philippines government's higher infrastructure spending will help drive the market. 

The government has set a public works budget of around PHP 800 billion (US$17.35 billion) for 2016. Cement sales in the country rose 14.3% year-on-year to 24.36 million tonnes in 2015, with Holcim Philippines recording a market share of 32%-34%.