Holcim Philippines delivers resilient results in 2020

Health and safety initiatives and agile cost management measures were key to 2020 performance

●     Cost and efficiency gains to be sustained and benefit the Company beyond 2020

Sustainable operations, new building products, and digital solutions will be focus areas in driving profitable growth

John Stull, President and CEO of Holcim Philippines, Inc.  said: “Key to our resilient 2020 performance   was   our   focus   on   Health, Cash   and   Cost.   We   improved   efficiency   and sustainability of operations.  We also introduced new building solutions and enhanced digital tools to better serve the customers. With our committed employees and loyal business partners, these improvements make us ready to help drive a faster recovery and deliver great value to all our stakeholders.”


Net Sales declined by 22% to Php26.0 billion as volume and prices dropped due to the impact of the pandemic.  Lockdowns from March to May and severe weather conditions in the fourth quarter further affected the business. These hampered delivery of raw materials and services to production sites and dispatch of products to customers.

Holcim Philippines posted Operating Earnings before Income Tax (EBIT) of Php2.8 billion which was 44% lower than the 2019 Operating EBIT of Php4.9 billion.

The Company responded to the pandemic by rationalizing costs and managing spend. Programs addressing Health, Cash and Cost yielded a cost improvement of 7% over 2019. Distribution expenses decreased by 18% due to the operational and cost efficiencies, including the shift of delivery mode to higher proportion of pick-up sales. The Company also benefitted from the global decline in fuel and energy prices.

Holcim Philippines is expected to sustain its gains from cost management and efficiency improvements beyond 2020.


Holcim Philippines kept operations free from COVID-19 in 2020 due to immediate actions in line with government guidelines and LafargeHolcim Group’s best practices.  These enabled the Company to prevent any health-related disruptions and to provide reliable supply to customers after the lockdowns were eased nationwide.

On the commercial side, the Company partnered with  mixed  martial  arts  organization  ONE Championship and its heavyweight world champion, Brandon “The Truth” Vera, for a campaign on  our  strong  legacy  of  excellence  in  helping  build  important  structures  for  the  country’s development.   Product innovations also continued with the launch of  Holcim  Multifix,  a new easy-to-use  and  multipurpose  mortar  product  to  improve  the  quality  of  walls,  floors,  and  tile installations in buildings.

The Company advanced in commercial digitalization with significant increases in the usage of online customer portal Easybuild for orders and payments versus 2020.  Furthermore, strong customer connections were maintained through  virtual  platforms  in  a  program  called  E- Konekta.

Among the sustainability highlights were the 160,000 people assisted by the Holcim HELPS CSR campaign.  More resources were given to community health and sanitation projects in response to the COVID-19 situation. The Company is also set to invest Php121.5 million until 2022 to improve usage of alternative fuels and raw materials for cement  production  at  its Bulacan plant.


Full Year                                           Fourth Quarter

Jan.-Dec. 2020        Jan.-Dec. 2019       Oct.-Dec. 2020       Oct.-Dec. 2019

Net Sales                    Php 26,015,342       Php 33,486,771       Php 7,235,405        Php 9,808,182

EBITDA                        Php 4,731,443         Php 6,688,827        Php 1,530,296        Php 2,490,287

Operating EBIT           Php 2,763,520         Php 4,942,028          Php 943,353         Php 2,000,777

Net Profit                     Php 2,064,084         Php 3,589,642        Php 1,036,553        Php 1,711,713

*For more information on our financial performance, you may check our page at the Philippines Stock

Exchange website or the section on disclosures on our Company’s website.


Holcim  Philippines,  Inc.  (Philippine  Stock  Exchange:  HLCM)  is  one  of  the  leading  building  solution companies in the country.  The Company has a deep  portfolio  of innovative solutions fostered by a full range of products from structuring to finishing applications that can help local builders execute with high performance and efficiency a wide range of projects from massive infrastructure to simple home repairs.

With  cement manufacturing facilities  in  La Union,  Bulacan,  Batangas,  Misamis Oriental  and  Davao,  as well  as  aggregates  and  dry mix  business  and  technical  support  facilities  for  building  solutions,  Holcim Philippines is a reliable partner of builders in the country.

Holcim   Philippines   is   also   committed   to   the   highest   standards   of   sustainable   operations   and manufacturing  excellence  with  its  plants  certified  under  ISO  14001:2004  (Environmental  Management System), ISO 9001:2008 (Quality Management System) and OHSAS 18001:2007 (Occupational Health and Safety Management System).

Holcim  Philippines is a member of the LafargeHolcim  Group, the world leader in the building materials industry present in 80 countries with over 75,000 employees.