Eagle Cement boosting sales volume by 25%
Published Jun 20, 2019 12:00 am
By James A. Loyola
Eagle Cement Corporation, a local cement producer controlled by billionaire Ramon S. Ang, is expecting to boost sales volume by about 25 percent to five to six million tons of cement this year.
Ramon S. Ang
In an interview, Eagle Cement Chairman Ramon Ang said they remain competitive despite the influx of imported cement, which currently accounts for about 35 to 40 percent of the local market.
With the country’s annual demand of between 35 to 45 million tons a year, Eagle’s target volume will comprise at least 14 percent of the market.
“Eagle is very competitive against imported cement. Eagle is not afraid of imported cement because eagle is a very modern and most efficient cement plant. So we are not worried about imported cement,” said Ang at the sideline of the company’s stockholders meeting Tuesday.
Meanwhile, Eagle Cement President Paul Ang said the company is moving by at least six months the opening of its fourth production line, located in Malabuyoc, Cebu, due to a delay in securing permits, in particular the Special Use Agreement in Protected Areas (SAPA) permit needed to construct the port.
Ang said target completion of the facility has been moved to 2021 instead of next year.
“Despite this setback, we are hopeful that we may be able to sell cement in the Visayas region by end-2020. We remain bullish as reflected in our aggressive capacity expansion to broaden our market presence as well as create a strong foothold in the south,” he said.
Ang said the company’s facility in Luzon will provide the cement they will sell in the Visayas adding that they have already started distributing the products there although volume is still growing.
The completion of the Cebu facility will bring the company’s capacity to a total of 10.6 million metric tons.
Eagle Cement completed its line 3 in its San Ildefonso, Bulacan facility, with an annual cement capacity of 2 million metric tons, bringing the company’s capacity to the current 7.1 million metric tons.
The firm is also in the middle of expanding its Bulacan facility with the its fifth finish mill, which will increase the company’s annual capacity by another 1.5 million metric tons and bring the company’s annual capacity of 8.6 million metric tons by 2020.
Ramon S. Ang
In an interview, Eagle Cement Chairman Ramon Ang said they remain competitive despite the influx of imported cement, which currently accounts for about 35 to 40 percent of the local market.
With the country’s annual demand of between 35 to 45 million tons a year, Eagle’s target volume will comprise at least 14 percent of the market.
“Eagle is very competitive against imported cement. Eagle is not afraid of imported cement because eagle is a very modern and most efficient cement plant. So we are not worried about imported cement,” said Ang at the sideline of the company’s stockholders meeting Tuesday.
Meanwhile, Eagle Cement President Paul Ang said the company is moving by at least six months the opening of its fourth production line, located in Malabuyoc, Cebu, due to a delay in securing permits, in particular the Special Use Agreement in Protected Areas (SAPA) permit needed to construct the port.
Ang said target completion of the facility has been moved to 2021 instead of next year.
“Despite this setback, we are hopeful that we may be able to sell cement in the Visayas region by end-2020. We remain bullish as reflected in our aggressive capacity expansion to broaden our market presence as well as create a strong foothold in the south,” he said.
Ang said the company’s facility in Luzon will provide the cement they will sell in the Visayas adding that they have already started distributing the products there although volume is still growing.
The completion of the Cebu facility will bring the company’s capacity to a total of 10.6 million metric tons.
Eagle Cement completed its line 3 in its San Ildefonso, Bulacan facility, with an annual cement capacity of 2 million metric tons, bringing the company’s capacity to the current 7.1 million metric tons.
The firm is also in the middle of expanding its Bulacan facility with the its fifth finish mill, which will increase the company’s annual capacity by another 1.5 million metric tons and bring the company’s annual capacity of 8.6 million metric tons by 2020.