Cement firm to expand capacity

AFP FILE PHOTO

MANILA, Philippines—Cement manufacturer Lafarge Republic Inc. is investing in a new grinding mill for its Norzagaray plant, boosting its capacity to supply cement in anticipation of robust demand amid a growing economy.

In a disclosure to the Philippine Stock Exchange on Wednesday, Lafarge said this new grinding mill would have the capacity to produce 850,000 tons of cement per annum, with target commissioning date in the second quarter of 2015.

The investment was approved by Lafarge’s board of directors in a recent meeting, the company said.

“This new mill will supplement the new mill for the Teresa Plant that was approved by the board in May 2013, with target commissioning date of January 2015,” the disclosure said.