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Thursday, July 24, 2014

Cement sales up 3.2 pct in 2Q

Second-quarter cement sales grew in the low single-digits on the strength of public works projects and private-sector construction.

Cement Manufacturers Association of the Philippines (CeMAP) president Ernesto Ordonez said member-firms sold 5.52 million metric tons in the April to June period, a 3.2 percent increase from the 5.349 million in the same 3 months of last year.

This brought the first-half figure to 10.718 million metric tons, a 6 percent increase from the 10.136 million in the same period of 2013.

Ordonez ascribed the higher demand to an increase in the budget of the Department of Public Works and Highways (DPWH), as well as to continuous private-sector construction.

Cement sale last year climbed 6 percent to 19.445 million metric tons from the 18.356 million in 2012.

- Interaksyon

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