{"id":182903,"date":"2018-09-25T01:26:22","date_gmt":"2018-09-25T05:26:22","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=182903"},"modified":"2018-09-25T01:26:22","modified_gmt":"2018-09-25T05:26:22","slug":"cement-industry-feeling-build-build-build-effect","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/09\/25\/cement-industry-feeling-build-build-build-effect\/","title":{"rendered":"Cement industry feeling \u2018Build Build Build effect\u2019"},"content":{"rendered":"
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Republic Cement President Nabil Francis said demand for cement this year is expected to grow 8 percent on the back of the government’s strong infrastructure spending, coupled with developments from the private sector. (Pexels photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— The local cement industry is poised to reap the benefits of the government’s “Build Build Build” Program, as it gets ready for a major spike in demand for construction supplies because of various infrastructure projects in the pipeline.<\/p>\n

Republic Cement President Nabil Francis said demand for cement this year is expected to grow 8 percent on the back of the government’s strong infrastructure spending, coupled with developments from the private sector.<\/p>\n

\u201cIn terms of growth, we are anticipating almost 8 percent growth for this year. It\u2019s higher than last year,\u201d Francis told reporters over the weekend. \u201cThe thing is that, we just follow the market pace, and now I think the situation is very interesting in the Philippines because the fundamentals are strong. So we start to feel the effect of the ‘Build Build Build’ Program. From day one of the project to cement consumption, it\u2019s always a timeline. We start to feel the pulse of the market beating.\u201d<\/p>\n

Francis noted that it is an opportune time for the company to be in the market, as the country embarks on its \u201cgolden age of infrastructure.\u201d<\/p>\n

The executive mentioned that Republic Cement, an Aboitiz company, divides its business into three segments: residential, non-residential, and infrastructure.<\/p>\n

About 30 percent of the cement consumption came from the infrastructure segment, Francis said.<\/p>\n

The cement consumption growth from the infrastructure industry, which according to Francis is seen to grow by 13 percent this year, is also seen to boost Republic Cement\u2019s manufacturing business.<\/p>\n

The residential segment is also growing \u201cin steady state\u201d at 5 percent, he added.<\/p>\n

Last year, the company announced a USD300-million expansion plan to increase its production capacity to keep up with the robust demand in the domestic market.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The local cement industry is poised to reap the benefits of the government’s “Build Build Build” Program, as it …<\/p>\n","protected":false},"author":33,"featured_media":182906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-182903","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/182903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=182903"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/182903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/182906"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=182903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=182903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=182903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}