Skip to main content

Eagle Cement reports profit increase in 2017

Published by
World Cement,


Filipino cement company, Eagle Cement Corp., posted a 4% increase in net profit in 2017 on the back of a 12% jump in sales. Excluding expenses related to the company’s IPO, net profit rose by 5% in 2017 compared to the yea before.

“We have continued to beat our operational targets in terms of volume growth and cost efficiencies,” said the company’s President and CEO Paul Ang. “Our efforts in upgrading and debottlenecking of our existing production lines allowed us to keep healthy margins, despite the challenging market environment.”

The company is currently in the midst of expanding its production capacity with a third production at its Bulacan plant expected to begin operations this year. Ground has also been broken on a fourth production in Malabuyoc with completion expected in 2020.

Combined, these two projects are expected to raise Eagle Cement’s production capacity to around 9.1 million tpy.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/05042018/eagle-cement-reports-profit-increase-in-2017/

You might also like

Optimisation 2019

Optimisation 2019

Optimisation 2019 is an online conference for professionals in the cement sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »

 

Solar plant online for Bharathi Cement

Bharathi Cement has recently commissioned a 10 MW ground-mounted solar power plant at its manufacturing facility in Kadapa, Andhra Pradesh.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Cement news 2018