Philippines: Eagle Cement’s net profit rose by 8% year-on-year to US$64.4m in the first nine months of 2017 from US$59.7m in the same period in 2016. It attributed the growth to higher sales volume despite tight competition, according to the Manila Bulletin newspaper. Its net sales revenue grew by 12% to US$219m from US$196m. This was due to over 20% growth in the sales volume of bagged and bulk cement even though the price of cement has fallen, in part because of imports. The cement producer is set to commission a third production line at its Bulacan plant in 2018.
Eagle Cement builds profit on higher sales volumes
13th Global CemFuels Conference & Exhibition 2019
Including confirmed visits to N+P's SubCoal fuel preparation plant (19 February) and HeidelbergCement's CBR Lixhe plant on 22 February
The 13th Global CemFuels Conference & Exhibition on alternative fuels for the cement and lime industries will showcase the best alternative fuels projects and equipment from the cement industry in Europe and from around the world. Over 150 delegates are expected to attend, to learn from experts how to start to use - or to increase their use of - alternative fuels.
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