Cement News tagged under: Philippines
Plans to resume new Philippine plant project08 June 2012, Published under Cement NewsAPC Group Inc, an energy and mining holding firm affiliated with Belle Corp, plans to resume a US$200m project in Cebu, Philippines, as the government’s public-private partnership projects spur cement demand. APC chairman and president Willy Ocier said during the company’s stockholders’ meeting on Wednesday that the revival of the cement plant project was among the company aims for 2012. In an interview with the Inquirer, Ocier said the cement plant would have a capacity of 1.5Mta and sho... |
Philippine cement prices edge towards peak levels31 May 2012, Published under Cement NewsPhilippine cement prices are edging up to highs last seen in 2010 of PHP215-220/40kg bag due to higher input costs and increasing demand. Data from the Philippine Department of Trade and Industry showed that the price of cement is PHP205/40kg bag for the Republic and Rizal brands, higher than the PHP185-190 price range in May 2011. “We have managed to increase prices but current level is still lower by 3-5 per cent compared to 2010 suggested retail price due to high input costs and in... |
Philippines: Holcim to reopen Batangas grinding station03 May 2012, Published under Cement NewsHolcim Philippines is reopening its grinding plant in Mabini, Batangas, next year because of the strong local demand for cement. Holcim said it is optimistic that demand for cement will continue to flourish, especially with the government's infrastructure projects and boom in housing. Upon its reopening in 2013, the grinding plant with an existing capacity of 7.7Mta Holcim will spend around PHP400m (US$9.4m) to rehabilitate the factory with an additional 0.5Mta capacity. The Mabini pla... |
Chinese firm to buy 60% of Vulcan Mining for US$21m25 April 2012, Published under Cement NewsPhilippines' China Trend and its owner William Chan Wai Keung have further raised their planned investment in Vulcan Industrial & Mining Corporation by signing an agreement to subscribe to 60% or PHP900m (US$21m) worth of the mining firm's shares. In a disclosure to the Philippine Stock Exchange, Vulcan said Modern Overseas Investment Ltd, a wholly-owned subsidiary of China Trend, had signed a subscription agreement to make a private placement of PHP450m in par value Vulcan shares. Another ... |
Cemex05 April 2012, Published under Cement NewsCemex is to construct a waste heat recovery plant at its Solid Cement’s Antipolo works in the Philippines. This will have a capacity of 6MW and is being constructed by a Chinese company, using it own technology. The company’s US volumes have benefited from favourable weather during the early months of 2012 and during the first two months of the year cement volumes were ahead by in excess of 20%. A US$5/t price increase was introduced in some markets in January and further price increases ... |
Changes to Philippine prices29 March 2012, Published under Cement NewsLocal cement producers, including global majors Cemex and Lafarge, have raised prices in the Philippines by PHP5/40kg bag due to rising fuel prices and the beginning of the peak construction season. Trade and Industry undersecretary for consumer welfare Zenaida C Maglaya said that based on last Friday's Price Monitoring report, prices of two brands of cement ' Republic (Lafarge) and Rizal (Cemex) increased by PHP5 from PHP200 to PHP205/bag now. However, the price of Holcim Philippines Inc... |
Holcim Philippines forecasts moderate 2012 growth27 March 2012, Published under Cement NewsHolcim Philippines expects to achieve growth of 5-6 per cent this year, chief operations officer Roland van Wijen has said, following a challenging 2011. Last year the company reported a 47.1 per cent decline in net profit from PHP3.84bn to PHP21.62bn due to weak demand and higher production costs. Sales, meanwhile, dropped nine per cent to PHP21.62bn. Speaking to the Philippine Star, Van Wijen said: “Last year was a challenging year for us because the reduced government spending mean... |
Cemex Philippines signs deal for WHR plant21 March 2012, Published under Cement NewsCemex Philippines is to construct a waste heat recovery power plant at its Solid Cement plant in Antipolo City, Rizal Province. Cemex regional president for Asia, Joaquin Miguel Estrada, announced the plan following the signing of an agreement with Sinoma Energy Conservation of China who will build the waste heat-to-energy facility, a first for the Cemex group of cement plants worldwide. “Cemex is a company that wants to achieve a corporate objective of lower operational costs, and also pu... |
Holcim Phillippines expects sales recovery06 March 2012, Published under Cement NewsHolcim Philippines Inc expects sales to recover this year on positive economic indicators alongside an anticipated early-spending boost in the run up to the 2013 elections, reports the Business Mirror of the Philippines. Holcim Philippines Chief Operating Officer, Roland van Wijnen, told the newspaper that 2012 sales volume could grow five percent with an “upside potential.” “We look positively toward the first six months,” said van Wijnen. Holcim Philippines reported earlier that 2... |
Siam raises stake in Philippine firm, mulling Myanmar plans29 February 2012, Published under Cement NewsThailand’s Siam Cement has reached a deal to raise its stake in a listed Philippine building materials firm from 40 per cent to 80 per cent in a deal valued at THB1bn (US$33m). However, the company has declined to name the firm, but it is thought to be Mariwasa Siam Holdings of which the company owns 40 per cent according to its latest annual report. Siam chief executive Kan Trakulhoon declined to confirm. Mr Trakulhoon said it would make a decision by the end of this year on weather i... |