Cement producer Holcim Philippines Inc. said Thursday it is investing P210 million in various measures to increase efficiency in its manufacturing plants.
Holcim said in a disclosure to the stock exchange the projects will reduce the fuel consumption and increase mineral additive usage of cement plants in Bacnotan, La Union and Lugait, Misamis Oriental.
Holcim president and chief executive Horia Adrian said the projects are part of the company’s commitment to continuously invest in its facilities to support the country’s progress and better serve customers. The projects will contribute to the company’s goal of making operations more sustainable, he said.
“More efficient operations will help us deliver better financial results and improve our environmental footprint. We look to continue implementing these improvements to meet our objectives of delivering greater value to our shareholders and business partners while becoming better stewards of the environment,” he said.