Cement News tagged under: Philippines
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... |
Philippines: six month cement sales accelerate to 10.13Mt20 August 2013, Published under Cement NewsCement sales in the first six months increased 6.18 per cent to 10.13Mt from 9.54Mt in 2012, the Cement Manufacturer’s Association of the Philippines said. The group attributed the healthy performance to the country’s improving construction business and to the government’s ongoing infrastructure programme. Meanwhile, the group reported that the industry imported 12Mt of clinker during the first six months. Total domestic cement output in 2012 was 18.35Mt, 17.5 per cent higher than in 2011. ... |
Philippine 2Q13 cemend demand increases 8.8%30 July 2013, Published under Cement NewsPhilippine cement sales rose 8.8 per cent in the second quarter of 2013, data from the Cement Manufacturers Association of the Philippines (CeMAP) showed yesterday. Sales in the second quarter increased to 5.349Mt sold from 4.915Mt in the same period last year. Cement sales in the first half of the year also rose by 6.2 per cent to 10.136Mt from 9.546Mt in the corresponding period of the year before. |
San Miguel Corp plans Philippine expansion15 July 2013, Published under Cement NewsPhilippine conglomerate San Miguel Corp (SMC) plans to invest in new manufacturing facilities to increase its market share. Company president Ramon Ang said SMC has invested in Northern Cement Corp (NCC) which is establishing a 2Mta line in Pangasinan. It currently owns a 35 per cent stake in NCC but it hopes to gain a majority share next year. The company also owns Eagle Cement which operates a plant in Bulacan. Ang told local press that the company plans to add two more plans in Quezo... |
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 ... |
Seacem sells shares to comply with public float, Philippines07 June 2013, Published under Cement NewsPhilippine-based Southeast Asia Cement Holding (Seacem) is selling PHP194m worth of shares to comply with the 10 per cent minimum public ownership set by the country’s stock exchange. Seacem said in a disclosure to the Philippine Stock Exchange that it had signed a subscription agreement with two subscribers involving the sale of 555m at PHP0.35/share. The shares account for 7.9 per cent of the company’s outstanding capital stock. The share would boost the cement manufacturer’s public o... |
Lafarge Republic Inc eyes further expansion, Philippines29 May 2013, Published under Cement NewsLafarge Republic Inc (LRI) is considering further increases in capacity over the next two years as it continues to expand its production base to respond to the growing demand for building materials in the Philippines. Speaking to reporters at the sidelines of the company’s annual shareholder meeting, company President Renato Sunico, told local press that the company is considering an additional 2.3Mt of milling capacity by 2015 on top of its current capacity of 6Mt. For this year, LRI ha... |
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... |
Holcim Philippines to tap debt market27 May 2013, Published under Cement NewsHolcim Philippines is considering the debt market to fund its new US$450-550m cement plant in Norzagaray, Bulacan, the company's chief has said. Speaking to local press, Eduardo Sahagun, president and CEO, said that part of the funds to construct a 2.5Mta plant will come from internally generated income while the bulk will come from the debt market, most likely from local sources. The company will decide how much to raise during the fourth quarter of this year. “We have no debt at the... |
San Miguel Corp outlines expansion plans, Philippines24 May 2013, Published under Cement NewsIndustrial conglomerate San Miguel Corp (SMC) will spend US$750m to increase production and expand Northern Cement Corp's (NCC) exisiting capacity and construct new facilities. According to SMC company’s president, Ramon S Ang, some US$250m will be used to increase capacity of NCC’s Pangasinan plant, while another US$250m will be used to build a new plant in Southern Luzon. The remaining $250m will be utilised for the new plant in the province of Cebu. "SMC plans to put up more cement ... |