Holcim profit down in Q1 as pandemic slowed construction

Holcim profit down in Q1 as pandemic slowed construction

The country’s leading cement maker Holcim Philippines posted a 28.7-percent year-on-year drop in first quarter net profit to P501.54 million due to softer prices and lower selling volumes, particularly in March when cement operations and distribution were suspended in Luzon due the government’s lockdown order. Three-month sales revenues fell by 10 percent year-on-year to P7.3 […]
Holcim suspends cement plant in Davao

Holcim suspends cement plant in Davao

The country’s leading cement-maker Holcim Philippines has suspended the operation of its manufacturing plant in Davao as the city was locked down until April 19 to contain the COVID-19 pandemic. The suspension of operations in Davao is in compliance with Mayor Sara...