Holcim PH sustains investment plans

TIGHTER competition and higher production expenses challenged the performance of Holcim Philippines, Inc. in the third quarter but the company continued to sustain its investment and expansion plans in the country, believing in the growth ahead.

From January to September, Holcim Philippines’s operating EBITDA reached P4.4 billion, with net income at P2.3 billion.

Given the business conditions, the company is strengthening its cost management efforts through logistics excellence, renegotiation of energy and procurement contracts to improve variable costs, and fixed cost management. (PR)