Holcim Ordered to Pay PhP3.6M

In an order dated 9 October 2018 which Holcim Philippines Inc. (PSE: HLCM) received today, the Pollution Adjudication Board required the company to satisfy an environmental compliance obligation under Republic Act 9275 in the amount of PhP3,600,000.00 in connection with the 17,400 MT of coal that were washed out to the Bagbag shoreline in La Union on July 13, 2018 after the embankment at the stockpile area was breached by torrential rains.