Holcim PH confident of growth this year

Published May 28, 2021, 4:32 PM

by James A. Loyola

Leading cement producer Holcim Philippines, Inc. is confident of delivering profitable growth this year while supporting the country’s recovery through more innovative products, enhanced operations, improved customer experience, and stronger commitment to sustainability.

During the firm’s Annual Stockholders Meeting, Holcim Philippines Chairman Tomas Alcantara said the company’s resilient performance in 2020 shows the its readiness to meet current challenges.

Alcantara also pointed to the robust performance in the first quarter of 2021, when Earnings before Interest and Taxes (EBIT) surged by 69 percent to P1.3 billion while net income increased by 81 percent to P909 million compared to the same period last year.

“Our resilience last year proved once again that Holcim Philippines stands on solid foundations. The previous year also provided many lessons we took to heart. Armed with these and our strong values, the men and women of Holcim Philippines are ready to face the challenges in 2021,” he said.

Meanwhile, Holcim Philippines President and CEO Horia Adrian reiterated the company’s determination to emerge stronger from the current crisis and outlined the focus areas to deliver better performance.

“With our strategically positioned network of production and distribution assets, strong brands, loyal customers, and engaged employees, we are confident in playing a leading role in our industry in supporting the country’s recovery,” he said.

Adrian said the focus on health and safety, particularly protecting people, partners and communities from COVID-19, will remain.

The cost discipline and operational efficiencies that have helped the company grow profits despite soft demand for cement will be further strengthened.

With the construction industry playing a key role in economic recovery, the company will accelerate the rollout of new building products and solutions and further enhance digital platforms for a better customer experience and seamless business operations.

Being part of the LafargeHolcim Group, the world leader in building solutions, gives the company an innovation edge on which it intends to build.

 
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