Cement sales up 18.6% in Q3
Louise Maureen Simeon (The Philippine Star) - November 3, 2015 - 9:00am

MANILA, Philippines - Cement sales grew by nearly a fifth in the third quarter from a year ago on the back of increased consumer spending, the Cement Manufacturers Association of the Philippines (CeMAP) said.

CeMAP president Ernesto Ordoñez said in a text message the country’s total cement sales reached 6.4 million tons in the period July to September, 5.4 million tons higher than the same period last year.

The growth was attributed to the expansion of several infrastructure projects in both the public and private sectors, and the increased budget of the government for infrastructure projects.

“The weather was also better this year compared last year, so that was also a factor. Plus the upcoming APEC (Asia-Pacific Economic Cooperation) Summit,” he added.

Ordoñez is optimistic cement sales will continue their upward trajectory for the remaining months of the year.

The CeMAP is composed of the Cemex Philippines Group of Companies, Holcim Philippines Inc., Lafarge Associated Companies, Northern Cement Corp., Pacific Cement Philippines Inc., and Taiheiyo Cement Philippines Inc.

ASIA-PACIFIC ECONOMIC COOPERATION ATILDE CEMENT CEMENT MANUFACTURERS ASSOCIATION OF THE PHILIPPINES CEMEX PHILIPPINES GROUP OF COMPANIES ERNESTO ORDO HOLCIM PHILIPPINES INC LAFARGE ASSOCIATED COMPANIES NORTHERN CEMENT CORP PACIFIC CEMENT PHILIPPINES INC TAIHEIYO CEMENT PHILIPPINES INC
Philstar
  • Latest
  • Trending
Latest
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

FORGOT PASSWORD?
SIGN IN
or sign in with