Cement News tagged under: Cemex Philippines
CEMEX Philippines makes impressive debut on S&P's sustainability index16 October 2023, Published under Cement NewsCEMEX Philippines has been placed in the top 25 per cent of the construction materials industry in the S&P Global Corporate Sustainability Assessment (CSA) for 2022. Marking the first time the company has taken part in the CSA, the result puts the company above the industry average for its environmental, social and governance (ESG) indicators as well as its economic performance. According to The Philippine Star, the cement producer scored particularly well in the areas of talent attract... |
Cebu cement production on the rise17 February 2023, Published under Cement NewsThe Philippines welcomed a new cement producer to its market this week as Century Peak Cement Manufacturing Corp (CPCMC), a subsidiary of Century Peak Holdings Corp, received a licence to sell cement in the archipelago of Visayas. The new player's entry comes just as the government's affordable housing programme and road transport projects are expected to increase cement demand. The new PHP10.9bn (US$198.8m) Pinamungajan cement plant in Cebu has 1Mta cement capacity. The factory is situated... |
Philippines imposes duties on Vietnam cement imports22 December 2022, Published under Cement NewsThe Philippines’ Department of Trade and Industry (DTI) has imposed duties on cement imports from Vietnam for five years. In a department order dated 16 December 2022, Trade Secretary Alfredo E Pascual said dumping of ordinary Portland cement Type 1 and blended cement Type 1P from Vietnam in the country poses an "imminent threat of material injury to the domestic cement industry". The move comes after the DTI reviewed the final report of the Tariff Commission (TC) regarding its invest... |
Cemex Philippines to invest in co-processing and green cements29 November 2021, Published under Cement NewsCemex Holdings Philippines Inc has reiterated its commitment to increase its production capacity, while reducing carbon emission with new 'green cements' and higher capacity for co-processing. At present, 80 per cent of Cemex Philippines' cement products is in the green cement category. It aims to produce 100 new-generation cement products in the short term. " We need to introduce this new generation of cement products. And this new generation of cement products have basically, a lower ... |
Cemex Philippines resets opening date for Antipolo plant24 February 2021, Published under Cement NewsCemex Philippines is postponing the opening of its new integrated cement plant in Antipolo City to January 2022. The original target date for completion of the project was December 2020. The US$265m kiln line will have a cement capacity of 1.5Mta. "Accordingly, the four-year income tax holiday period applicable to this project shall be reckoned from January 2022 or the actual start of commercial operations, whichever is earlier," the company said. |
Cemex Philippines records net income of PHP98m in 202016 February 2021, Published under Cement NewsCemex Holdings Philippines Inc reported a 23 per cent weaker net income of PHP985m (US$20.54m) in 2020 from PHP1.3bn in 2019, as the coronavirus impacted its operating earnings. The listed company’s consolidated net sales also dropped by 16 per cent last year to PHP19.7bn from PHP23.6bn in the previous year. The COVID-19 pandemic slumped the firm’s domestic cement volumes by 11 per cent YoY in 2020, while its domestic cement volumes in the fourth quarter shed nine per cent YoY due to advers... |
Cemex Philippines' US$235m project reaches milestone20 January 2021, Published under Cement NewsCemex Philippines' US$235m project has reached a milestone as the company has lifted the rotary kiln into place for its new line. Upon completion, the 1.5Mta expansion at Solid Cement will raise capacity to 3.4Mta. "This milestone demonstrates our full commitment to the development of the country and brings us closer to further strengthening our position in providing the infrastructure and building needs for economic development," said Ignacio Mijares, CEO and president, Cemex Holdings Ph... |
Cemex Philippines announces 22% decline in net sales03 August 2020, Published under Cement NewsCemex Holdings Philippines has announced a 22 per cent decline in consolidated net sales to PHP9.6bn (US$195.6m) for the first half of 2020, while operating EBITDA was also down 22 per cent YoY to PHP1.8bn. Domestic cement volumes decreased by 17 per cent YoY during the 1H20 and domestic cement prices during both the second quarter and first half of 2020 were six per cent lower YoY. "The second quarter was very challenging for our company, with our volumes adversely impacted by quarantine... |
APO Cement agrees to change truck delivery times06 September 2019, Published under Cement NewsCemex Philippines' APO Cement plant has agreed to stop the movement of its delivery trucks during peak hours of the day to help address the traffic problem in Naga City, according to Gwendolyn F Garcia, Cebu Governor. The cement producer agreed to change its routines following a meeting when it was decided Cemex could adjust transport operations between 07.00-09.00hrs and 13.00-19.00hrs to avoid obstructing traffic along the national highway. "I said we've been having so many meetings… and... |
DTI reports that cement prices remain stable30 August 2019, Published under Cement NewsCement prices in the Philippines are holding firm despite some rumours of cement shortages, says the Department of Trade and Industry Regional Consumer Protection Division and Provisional Office (DTI). The wholesale price of a 40kg bag of cement is being sold at around PHP222 (US$4.26) and the retail price is being set at around PHP230-235. In January 2019, the DTI reported that retail prices of cement ranged from PHP220-230 in Bulacan, PHP220-250 in Nueva Ecija, PHP227-240 in Batan, PHP230... |