Holcim prepared vs COVID-19 challenges

MANILA, Philippines — Holcim Philippines Inc. assured stakeholders that it is ready to meet the challenges brought about by the COVID-19 pandemic.

Company chairman Tomas Alcantara expressed confidence that the company would be able to deliver profitable growth while supporting the country’s recovery.

This would be possible through the delivery of more innovative products, enhanced operations, improved customer experience and stronger commitment to sustainability, Alcantara said during the company’s annual stockholders meeting.

Holcim reported that first quarter net income increased by 81 percent to P909 million while earnings before interest and taxes rose by 69 percent to P1.3 billion.

“Our resilience last year proved once again that Holcim Philippines stands on solid foundations. The previous year also provided many lessons we took to heart,” Alcantara said.

During the meeting, he announced that the board of directors approved the declaration of a cash dividend of P0.43 per share for stockholders as of June 16 to be paid not later than June 30.

“With our strategically positioned network of production and distribution assets, strong brands, loyal customers, and engaged employees, we are confident in playing a leading role in our industry in supporting the country’s recovery,” said Horia Adrian, president and CEO of Holcim.

Holcim will accelerate the rollout of new building products and solutions and further enhance digital platforms for better business, he said.

Article and Photo originally posted by Philippine Star last May 30, 2021 12:00am and written by Iris Gonzales.