growth

Strong private construction sustains Holcim volume growth

First half domestic sales volumes of leading cement manufacturer Holcim Philippines, Inc. rose by 16% year-on-year driven by construction projects led by the private sector. Total market growth was estimated at 14%, as the real estate sector continued to roll out various projects in anticipation of strong economic growth.

The company expects a positive full-year forecast, although it maintained that while the first half is a period of high demand, the second half is traditionally slower with the onset of the rainy season. Political and economic developments in the next few months will also be critical as this will influence the market’s ability to sustain performance.

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