Cement firm Holcim Philippines Inc. said its first-quarter income this year proved 2 percent lower to only P412.95 million from last year’s P420.61 million on soft demand for its products.
Net sales were down 1 percent to P6.64 billion from P6.73 billion.
“We remain focused on strengthening cost discipline, sustainability, and innovation to raise business performance. Our successful carbon footprint reduction marked by the rebrand of our flagship product to Excel EcoPlanet is proof of our ability to deliver on this commitment,” Horia Adrian, president and CEO, said.
The enterprise benefited from improved prices and better contribution from a wider base of customers. The company’s other product lines such as aggregates, dry mortar and ground calcium carbonate delivered solid performance.
Recycling remains an important lever of decarbonization by embedding more recycled materials into the company’s cement products and increasing the amount of alternative fuels used in operations. From the beginning of the year, Holcim has recycled 290,000 tons of materials.
The company has relaunched its flagship blended cement to Excel EcoPlanet to provide high performance for general construction applications, with concrete made durable due to its high resistance to sulfate and low porosity.
Introduced in 2021, EcoPlanet is marketed as a green cement with 30 percent lower emissions to help builders reduce the carbon footprint of construction. Launched over 20 years ago, Excel was among the first blended cements produced by Holcim for general construction and has become a flagship brand in the market with over 2 billion bags sold.
