Live Breaking News & Updates on Ozano Said The Company Has Projects To Improve Efficiency And Output Of Its Existing Facilities Help Firm 39s Profit Amid Higher Input Costs Soft Market Prices Pna

(File photo) MANILA - The demand for cement remains soft as the country's economy has yet to fully reopen, said an executive of Aboitiz Equity Ventures (AEV), owner of Republic Cement. In a press conference Thursday night, AEV chief finance officer Dmi Lozano said big commercial projects such as high-rise buildings and malls, which are a big part of the demand for the cement industry, have not yet picked up over the last two years. "It's starting to pick up, but the reality is again we haven't seen that pickup in the commercial segment, large commercial segment. I think that's probably what we were waiting for and maybe when mobility restrictions were eased, we will see more people buying, more people in malls, there will be more malls being built, hospitals, more high-rise, more housing," Lozana added. He said infrastructure and residential projects, including the home builder segment, kept the demand afloat even during the pandemic. In terms of price, Lozano ....

Aboitiz Equity Ventures , Dmi Lozano , Republic Cement , Ile Photo Manila The Demand For Cement Remains Soft As Country 39s Economy Has Yet To Fully Reopen , Aid An Executive Of Aboitiz Equity Ventures Aev , Wner Of Republic Cement Ina Press Conference Thursday Night , Ev Chief Finance Officer Dmi Lozano Said Big Commercial Projects Such As High Rise Buildings And Malls , Hich Area Big Part Of The Demand For Cement Industry , Ave Not Yet Picked Up Over The Last Two Years Quot It 39s Starting To Pick , Ut The Reality Is Again We Haven 39t Seen That Pickup In Commercial Segment , Arge Commercial Segmenti Think That 39s Probably What We Were Waiting For And Maybe When Mobility Restrictions Eased , E Will See More People Buying , Ore People In Malls , Here Will Be More Malls Being Built , Ore High Rise , Core Housing , Uot Lozana Added He Said Infrastructure And Residential Projects , Ncluding The Home Builder Segment , Ept The Demand Afloat Even During Pandemic In Terms Of Price , Ozano Said The Trend Has Been Downwards Since Start Of 2020 He Added That Industry Also Seena Slowdown In Cement Imports As Input Cost Increases Due To Higher Transportation And Trade Costs While Prices Market Remain Soft Quot It Means Landed Is Probably Much Than Was At Beginning This Year Or Last , Nd At The Same Time Selling Prices Are Low So Their Margins Have Probably Eroded Significantly , Uot Lozano Said For Republic Cement , Ozano Said The Company Has Projects To Improve Efficiency And Output Of Its Existing Facilities Help Firm 39s Profit Amid Higher Input Costs Soft Market Prices Pna ,