Cement News tagged under: Holcim Philippines
Holcim Philippines invests US$35m in renewable energy18 April 2024, Published under Cement NewsHolcim Philippines has announced plans to spend PHP2bn (US$35m) over the next three years on co-processing and increasing its use of renewable energy. According to the company, the funds will be spread across its four plants in Bulacan , La Union , Davao and Lugait . Bulacan and La Union will receive the investment this year, with Davao and Lugait receiving the investment in the following year, reports The Philippine Star. The investments are intended to support activities such a... |
Holcim Philippines Inc supports coral reef start-up15 April 2024, Published under Cement NewsHolcim Philippines Inc is supporting Swiss social and environmental impact start-up rrreefs in helping restore coastal areas in southern Philippines using artificial coral reefs. Holcim provides its low-carbon cement ECOPlanet to make concrete bases for 500 units modular artificial reefs by rrreefs. Designed for corals to regenerate and fish to thrive, the modules enable a reef ecosystem to regenerate without further maintenance. Holcim also provided five units made with marine bioacti... |
Holcim Philippines and Megawide renew supply contract19 March 2024, Published under Cement NewsHolcim Philippines has renewed its supply agreement with infrastructure conglomerate Megawide Construction Corp. Under the terms of the agreement, Holcim will supply the cement requirements of Megawide’s Precast and Construction Solutions (PCS) projects across the island of Luzon in 2024. This partnership is a continuation of a collaboration between Holcim and Megawide that began in 2016. “With our renewed supply agreement with Holcim Philippines Inc, Megawide has reinforced its linkag... |
Holcim Philippines posts 4% decline in net sales in 9M2314 November 2023, Published under Cement NewsHolcim Philippines has posted a 105 per cent YoY rise in net income to PHP999.4m (US$17.82m) in the first nine months of 2023, compared to PHP487.9m in the same period a year earlier. However, over the same timeframe net sales declined four per cent to PHP18.4bn from PHP19.1bn in the 9M22, reports Manila Bulletin. The fall is being attributed to poor cement demand as a result of subdued construction activity and unfavourable weather conditions. Operating EBITDA fell five per cent YoY from ... |
Holcim signs power agreement with Berde Renewables31 October 2023, Published under Cement NewsHolcim Philippines has signed a power purchase agreement with Berde Renewables, a distributed energy platform of I Squared Capital. Holcim will use solar rooftop projects on its Bulacan and La Union plants with a combined capacity of 5.5MWp and an annual generation of approximately 7.8GWh. Holcim Philippines president and CEO, Horia Adrian, said the project is a significant decarbonisation milestone, “reducing our carbon footprint by more than 20 percent since 2018, with our focus o... |
Holcim Philippines sees sales dip in 202227 March 2023, Published under Cement NewsHolcim Philippines has reported net sales of PHP26,587m (US$489.7m) in 2022, down from PHP29,946m in the previous year. Operating EBITDA over the same period fell from PHP5412m to PHP4068m, while net profit declined from PHP2565m to PHP1643m. In the fourth quarter of 2022, net sales came in at PHP7475m, up from PHP6797m in the 4Q21. Operating EBITDA dipped slightly from PHP955.9m in the 4Q21 to PHP995.6m in the same period a year later, while net profit improved from PHP264.7m to PHP4... |
Holcim Philippines reiterates commitment to decarbonisation02 March 2023, Published under Cement NewsHolcim Philippines, Inc has reiterated its readiness to support partners in decarbonising construction and putting up affordable homes and called for cooperation to accelerate the shift towards more sustainable practices. Holcim Philippines’ president and CEO, Horia Adrian, emphasised the important role of the construction industry in reducing the country’s carbon emissions. He noted that building materials account for 30 per cent of the carbon footprint of structures so it is necessary... |
Holcim Philippines embrace drones and digitalisation for maintenance16 January 2023, Published under Cement NewsHolcim Philippines has started to harness advanced technology as part of its regular maintenance programme in plants and manufacturing sites. Drones inspect the La Union facility in Bacnotan, allowing the operator to take notes of maintenance actions to be taken. Using drones for regular and periodic maintenance has eliminated health and safety risks from having people conduct visual inspections in remote spaces. The drone also allows for higher frequency of checks and reduces equipment ... |
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... |
Holcim Philippines posts loss as expenses rise14 November 2022, Published under Cement NewsHolcim Philippines has reported a 6.93 per cent increase in total revenue to PHP6.94bn (US$121.17m) in the third quarter of 2022, up from PHP6.49bn in the same period a year earlier. Despite this, the company posted a net loss of PHP173.28m in the 3Q22, down from a profit of PHP669.26m in the 3Q21. According to the company, this was due to higher expenses with its gross expense increasing by 13.3 per cent from PHP5.62bn to PHP6.37bn over the same period. Revenue for the opening nine mon... |