Cement News tagged under: Lafarge Republic
CRH01 October 2015, Published under Cement NewsCRH completed the acquisition of certain assets in the Philippines on 14 September, the largest of which is Lafarge Republic. CRH has secured a EUR484m investment by Abostiz Equity Partners, a Philippine conglomerate, into the business as a shareholder. |
Lafarge Republic boosted by robust demand01 April 2014, Published under Cement NewsLafarge Republic Inc (LRI) reported a 30 per cent rise in net profit last year to PHP3.7bn (US$82.6m) on the back of robust demand from government as well as private commercial sector projects. Revenue increased by 16 per cent to PHP23bn with the company attributed to increased cement demand as well as sales and marketing initiatives. Cost of sales increased mainly due to higher prices for power and raw materials. LRI said it was able to moderate the increase by utilising coal in its ki... |
Lafarge Republic Norzagaray mill scheduled for mid-2015 completion27 February 2014, Published under Cement NewsLafarge Republic’s Inc's (LRI) new cement mill at its Norzagaray cement works is expected to be operational by June 2015. The new mill will have a capacity of 850,000tpa and will come online just six months after a similar new mill is commissioned at the company’s Teresa works. "In spite of the recent calamities that struck the central and southern portions of the country, the Philippine economy has demonstrated resiliency and LRI will be there to rebuild damaged homes and build new homes... |
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... |
Lafarge Republic gets go-ahead for plant expansion30 January 2014, Published under Cement NewsLafarge Republic has secured approval from its board of directors to expand its plant in Norzagaray, Bulacan, to keep up with continuing growth in the domestic cement market. In a disclosure released yesterday, the country’s second-largest producer, said: "Please be advised that at the regular meeting of the board of directors of Lafarge Republic, Inc held on January 28... the board of directors approved the corporation's investment in a new grinding mill for its Norzagaray Plant, with capa... |
Lafarge Republic to acquire property at Manila Harbour Centre, Philippines23 December 2013, Published under Cement NewsLafarge Republic is set to purchase a property it currently leases in Manila’s port area to improve the sale and distribution of its products. The cement producer will also purchase the cement silo, packing house, among other things, at the Manila Harbour Center, it said in a filing to the Philippine Stock Exchange. “The purchase will give the company full control of the facility, which is currently using under lease agreement,” Lafarge said. "The strategic location of the facility facili... |
Lafarge Republic receives “buy” rating on typhoon reconstruction demand09 December 2013, Published under Cement NewsLafarge Republic Inc (LRI) has received a “buy” rating from AB Capital Securities Inc, as post-typhoon reconstruction in the region of Visayas, Philippines, is expected to boost demand. "Aside from increased sales volume due to higher cement production and cement retail prices, we think that LRI's upside will be supported by the steady demand from the construction sector, which should be boosted by the reconstruction efforts in typhoon Yolanda-affected areas," BusinessWorld quoted AB Capi... |
Fives FCB wins Lafarge grinding plant contract15 November 2013, Published under Cement NewsLafarge has awarded Fives FCB with a contract for the supply of a new cement grinding plant for its Teresa plant located in the Philippines. The scope of supply includes: raw material feeding: clinker and pulverised coal through connection to the existing circuit, other additives (limestone, gypsum, fly ash) by truck dump cement grinding workshop fitted with Fives FCB equipment comprising a Horomill® 3800 and a TSV™ 4500 classifier, associated with a dryer-aerodecantor and a TGT™ f... |
Lafarge bullish on Philippine outlook19 September 2013, Published under Cement NewsLafarge Republic sees sustained cement demand growth in the Philippines through the year as the company prepares to lift capacity to meet future requirements. While demand in the first half of the year is traditionally stronger for the local cement industry, the company remains bullish for the remainder of the year. “I think because of the continuing projects of the government, continuing projects in the commercial and residential sectors, there might still be a good growth in demand [this ... |
Lafarge Philippines benefits from strong cement demand22 August 2013, Published under Cement NewsDomestic cement demand in the 1H13 has seen a sharp rise in the Philippines as sales have jumped by 6.2 per cent compared to the same period in 2012. “The continued increased in infrastructure and other construction projects launched by the government such as farm-to-market, roads coupled with sustained demand from the private and commercial sector, contributed to the growth,” said Lafarge Republic. The budget department reports that state spending on public works and infrastructure ha... |