Cement News tagged under: San Miguel Corp
San Miguel Corp announces plans for new plant14 March 2018, Published under Cement NewsCement producers based in the Philippines are investing to expand their capacity on the back of an anticipated demand increase, which could result in an opportunity for exports in the future, according to the Manilla Bulletin. San Miguel Corp have recently announced plans for a new cement plant in Pagbilao, Quezon. The 2Mta facility is expected to begin commercial operation in May 2021, and represents an investment of PHP12bn (US$230.3m). |
San Miguel, Northern Cement form JV30 August 2017, Published under Cement NewsSan Miguel Corp (SMC) has formed a joint venture with Northern Cement Corp to establish a cement plant in Sison, Pangasinan, Philippines. The joint venture company will be controlled by SMC via a 70 per cent stake while the remainder of shares is owned by Northern Cement, which is owned by SMC chairman, Eduardo Cojuangco Jr. Tycoon Ramon Ang is president of both SMC and Northern Cement. “SMC and Northern Cement Corp have agreed to organize and establish a joint venture corporation for... |
San Miguel Corp to up investment spend21 September 2015, Published under Cement NewsPhilippine conglomerate San Miguel Corp said on Monday it is raising planned investment in cement manufacturing to almost US$1bn with the addition of three new cement plants to two previously announced facilities. President Ramon Ang outlined the investment at a briefing following the listing of San Miguel's PHP33.5bn (US$720m) worth of newly issued preferred shares. Ang said in July San Miguel was building two cement plants, worth US$800m, expected to be completed in 2017. (Source: Reute... |
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... |
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 ... |