Philippines: Eagle Cement plans to build its production capacity with an investment of US$1.2bn. Owner Ramon S Ang revealed to local media that he intends to build two new 2Mt/yr cement plants at Cebu and Davao in 2015. In addition the company is also adding one more line with a 2Mt/yr production capacity to its existing cement facility in San Ildefonso, Bulacan.
"We are now finishing the second line and preparing to put up a third line. With the third Eagle line, it will be even bigger than the asset being sold by Lafarge," said Ang. Upon completion of the third line, the Bulacan plant will have a production capacity of 6Mt/yr. According to Ang, each cement line with a 2Mt/yr capacity costs US$400m.
Eagle Cement produces and distributes cement under the brands Eagle Cement Advance and Eagle Cement Strongcem.
San Miguel Corp, the Manilla based multinational for which Ang serves as president, formally entered the cement business in 2013 when it paid US$78.6m for a 35% stake in Northern Cement. The cement company with a production facility in Pangasinan has a capacity of 2Mt/yr.
