MANILA, Philippines - Lafarge Republic Inc. is investing in a new cement mill in its Norzagaray manufacturing plant.
The new mill, which will have an annual capacity of 850,000 tons, is expected to be operational by June 2015.
The new mill will be online just six months after a similar new mill in Lafarge's Teresa manufacturing plant will be commissioned in January 2015.
"These investments are a visible example of Lafarge Republic’s commitment to reliably supply its world leading cement and aggregate products throughout the Philippines to fully support the ambitious growth targets of both the government and the private sector. In spite of the recent calamities that struck the central and southern portions of the country, the Philippine economy has demonstrated resiliency and LRI will be there to rebuild damaged homes and build new homes throughout the country," LRI President Renato Sunico said.
In 2013, Lafarge reopened its Danao plant in Cebu, as well as implemented key debottlenecking projects in its Iligan and Norzagaray plants that provided additional cement production capacity.
In the first nine months of 2013, LRI posted a profit of P3 billion, 55% higher than year-ago figures, on the back of the continued growth in infrastructure and construction activities of the private and public sectors.