Cement sales in the country posted a 10.7% increase during the first half this year amid the buoyant public and private infrastructure spending nationwide.
The Cement Manufacturers Association of the Philippines (CEMAP) reported yesterday that cement sales in the first semester surged 10.7 % to 13.19 million tons from 11.91 tons in the same period last year.
In the second quarter alone, demand for cement increased by 8.8 % to 6.76 million tons from 6.21 million tons in the same quarter last year.
Furthermore, the cement growth in the first semester is bigger than the 10 % moving average in the last five years, eight percent in the last 10 years and five percent in the last 15 days.
Forecasts expect cement demand to hit 27 million tons by 2017.
With reports from philstar.com and businessworld.com.