Cement News tagged under: Cemex Philippines
Cemex Holdings Philippines set for record IPO03 June 2016, Published under Cement NewsCemex Holdings Philippines Inc has obtained regulatory approval to launch an initial public offering (IPO) worth PHP39.74bn (US$854.3m), which could be the largest stock market debut in the country. Cemex intends to use proceeds for repayment of up to US$504m of short-term loan from a related party. The debt was incurred in connection with the acquisition of operating subsidiaries—Apo Cement Corp and Solid Cement Corp —as part of a reorganisation. The Securities and Exchange Commi... |
The Philippines has to rebuild but must check cement price rises08 July 2014, Published under Cement NewsThe Phillipine opposition has urged the government to guard against profiteering in the supply of cement as prices of the commodity continue to escalate. House Deputy Minority Leader and Isabela Rep, Rodolfo Albano III warned against its adverse effect on the economy and its impact on current infrastructure projects being pursued by the Aquino government and the private sector. “Government regulatory agencies must move swiftly and act now to avert any crisis in cement supply to ensure the s... |
Cemex Philippines wins Sopi safety award08 July 2014, Published under Cement NewsThe Safety Organisation of the Philippines Inc (SOPI) recently cited Cemex with an Outstanding Road Safety Programme award for the cement company's consistent efforts in promoting a culture of safety in its operations and surrounding communities. “At the end of the day, our goal is always to go home safe. We want everybody to go home unharmed to their families. We at Cemex live and breathe our commitment to safety which is ‘Ligtas 24-Oras.’ We will always raise the bar when it comes to impr... |
Philippines: cement prices start to rise04 February 2014, Published under Cement NewsLocal cement manufacturers raised prices from 1 February 2014 by an average of PHP8/40kg (US$0.17/40kg) bag of cement to PHP220 (US$4.85) from PHP212 (US$4.67) per bag amid strong demand for cement on huge government infrastructure projects on top of buoyant construction activities from the private sector. Cemex Philippines was the first to implement the price increase as part of its scheduled annual price rise. The two other multinational players, Lafarge Republic Inc and Holcim Philipp... |
Cemex Philippines to expand Naga cement plant11 June 2013, Published under Cement NewsAnticipating an increase in demand for cement in the country, Cemex Philippines is embarking on a PHP2.5bn (US$58m) expansion of Apo Cement Corp’s facility in Naga City, Cebu. Apo plant director, Normandy Chan, said the company decided to expand the plant to meet the rising demand for cement in the country, which was brought about by the strong growth posted by the economy. “With the rise in demand, comes the need for much improved and innovative infrastructure,” Chan said. Chan explained ... |
Cement producers explain price hikes, Philippines27 May 2013, Published under Cement NewsThree of the largest cement producers in the Philippines have begun submitting documents to the Department of Trade and Industry (DTI) to explain recent rises in cement prices. Trade Undersecrertary Zenaida C. Maglaya told reporters that Holcim Philippines, Lafarge Republic and Cemex Philippines have started submitting documents to support the adjustment in prices which have risen above the Suggested Retail Price (SRP) of PHP205-210/bag. Holcim reportedly raised its price to PHP216/bag... |
DTI requests further information on Philippine pricing06 May 2013, Published under Cement NewsPhilippine cement producers have until next week to provide the Department of Trade and Industry (DTI) with further information explaining reasons behind their higher selling prices. Last month the DTI asked Holcim Philippines, Lafarge Republic Inc, Cemex Philippines and Eagle Cement Corp to explain why cement is being sold above the recommended retail price of PHP205-PHP210/bag. Trade undersecretary Zenaida Maglaya has since told The Philippine Star that while three of the four cement... |
Philippines: strong cement sales expected in 201308 January 2013, Published under Cement NewsThe Philippine cement sector is looking forward to higher sales this year as private sector projects and increased government spending on infrastructure are expected to continue driving drive demand. “2013 is going to be a strong year for sales,” Ernesto Ordoñez, president of the Cement Manufacturers’ Association of the Philippines told the Philippine Star. Mr Ordoñez said that higher sales would be supported by the government’s plan to spend more for infrastructure projects. “Th... |
CeMAP’s solid waste management efforts, Philippines05 October 2012, Published under Cement NewsThe Cement Manufacturers’ Association of the Philippines cited the effectiveness of partnership in co-processing waste following the success of its solid waste management project in Teresa, Rizal. “Co-processing waste is a service that is offered by many of CeMAP members and the technology has effectively worked while keeping the same levels of quality of the cement produced,” said CeMAP president Ernesto Ordoñez. “The waste materials included are primarily plastics and combustible resi... |
Lafarge Republic signs fly ash supply deal, Philippines30 August 2012, Published under Cement NewsLafarge Republic has signed a deal with the provincial government of Bataan and GNPower Mariveles Coal Plant Co to buy fly ash to be produced at the latter’s 600MW power plant. Lafarge Republic (formerly Republic Cement Corp) said the deal will start once the power plant begins producing coal ash and will expire in November 2019. In June, Cemex Philippines signed a deal with Korea Electric Power (KEP) Corp to buy coal ash for around US$/t. KEP operates a 200MW power plant in the centra... |