Holcim Philippines, Inc. Announced on Thursday, July 15 that it will invest P210 million in its cement plants in Bacnotan, La Union, and Lugait, Misamis Oriental, to reduce fuel consumption and increase mineral additive usage.
In a filing with the Philippine Stock Exchange, the company stated that this is part of its efforts to improve business and sustainability performance. Holcim Philippines President and CEO Horia Adrian said the projects are part of the company’s commitment to continuously invest in its facilities to support the country’s progress and better serve customers.
“More efficient operations will help us deliver better financial results and improve our environmental footprint. We look to continue implementing these improvements to meet our objectives of delivering greater value to our shareholders and business partners while becoming better stewards of the environment,” said Horia Adrian, president and CEO of Holcim Philippines.
The La Union and Misamis Oriental projects are scheduled to be completed in the first quarter of 2022 and the end of October 2021, respectively.
The project comes as Holcim Philippines’ La Union plant was awarded an ISO 45001:2018 for Occupational Health and Safety Management System and recertified for ISO 9001:2015 (Quality Management System) and ISO 14001:2015 (Environmental Management System) by certification body TUV Rheinland.
In January, Holcim Philippines also started projects worth P121.5 million to raise the efficiency of converting qualified waste materials to alternative fuels of its cement plant in Norzagaray, Bulacan.
These will enable its Geocycle unit to support the Bulacan plant in using more qualified post-consumer and municipal solid wastes as alternative fuels instead of coal.