Holcim Philippines Inc. (Holcim) said Monday it is spending P2 billion in the next three years to enhance sustainability programs, innovation and efficiency.
Holcim president and chief executive Horta Adrian said the investment aimed to improve the company’s performance.
“By doing this we will improve the output of the provinces (where we have presence), per se,” he said in a briefing Monday.
Around P1 billion will be evenly distributed across the four plants.
The company is giving more priority to Luzon-based plants in Bulacan and La Union. The plants in Davao and Iligan will be optimized a year after, said Holcim chief sustainability officer Samuel Manlosa Jr.
“We expect improvement activities in Davao and Lugait should begin 2025 and should be completed by 2026,” he said.
Some of the supported activities include increased engagement with the local government units on waste sorting since Holcim is using waste to power technology to fuel the cement plants.
About 67 local government units are participating in the program, and many expressed interest to join the cause.
The program also aims to retrofit the capacity of the plant to be able accept alternative power technology.
The remaining P1 billion will be used to convert power sourced from traditional coal-fired power plants to solar energy to power the cement facilities.
“We will invest in decarbonizing our operations by shifting to renewable energy, electric cars and green fuels,” Adrian said.