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News Eagle Cement’s sales rise by 28% to US$202m in first half of 2019

Eagle Cement’s sales rise by 28% to US$202m in first half of 2019

Written by Global Cement staff 06 August 2019
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Philippines: Eagle Cement’s sales rose by 28% year-on-year to US$202m in the first half of 2019 from US$157m in the same period in 2018. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 21% to US$80.6m.

The company said it was on track to complete a 1.5Mt/yr grinding upgrade to its Bulacan plant in 2020. It added that it was secured approval for a permit to build a port terminal to support its new Line 4 production line at its Cebu plant. Once completed it expects to sell cement in the Visayas region by the end of 2020.

Last modified on 07 August 2019
Published in Global Cement News
Tagged under
  • Philippines
  • Eagle Cement
  • Results
  • Plant
  • Upgrade
  • GCW417

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