Cement News tagged under: Philippines
Sinoma to build WHR plant for Philippine producer22 November 2021, Published under Cement NewsThe Philippines’ Board of Investment (BoI) has approved Sinoma Energy Conservation (Cebu) Waste Heat Recovery (WHR) Co Inc as the new operator of a 4.5MW WHR plant in Naga City, Cebu province. "Under a Power Supply Agreement, the WHR power generating plant will provide significant support to a specific cement company in Cebu by capturing and using the waste heat of the cement plant to generate a steady and cost-effective supply of electricity at about 23,130,000kWH per year," said the BOI ... |
Holcim Philippines sees 124% net income increase17 November 2021, Published under Cement NewsHolcim Philippines reported a 124 per cent YoY increase in net income to PHP2.3bn (US$45.66m) in the first nine months of 2021, compared to PHP1.03bn in the year-ago period, on the back of higher cement sales. “Our continuing focus on operational efficiencies and cost management enabled us to drive performance despite market demand and inflationary challenges. We take pride in leading industry innovations with our new building solutions that help partners build better,” said Horis Adrian,... |
Eagle Cement Corp announces 89% advance in profit11 November 2021, Published under Cement NewsPhilippine-based Eagle Cement Corp has seen its net profit surge 89 per cent to PHP5.1bn (US$101.76m) in the first nine months of 2021, against PHP2.7bn in the comparable period of last year. Net sales advanced 63 per cent YoY to PHP16.2bn, which has been attributed to a double-digit growth in volumes despite the average selling price of cement declining. “We are pleased to report an encouraging set of results amid the pandemic, much lower cement prices and increasing input costs,” sai... |
Big Boss Cement reportedly suspends operations18 October 2021, Published under Cement NewsPhilippine-based Big Boss Cement has reportedly suspended business operations, according to a source for The Philippine Daily Inquirer. The shutdown, taken so the company can rehabilitate its production facilities, is expected to last until next year. Big Boss Cement had plans to double capacity to around 2.4Mta by 2020 and ordered a modular grinding plant last May . |
Eagle Cement Corp to consolidate raw material supply chain27 September 2021, Published under Cement NewsThe board of Philippines-based Eagle Cement Corp has approved the 100 per cent purchase of affiliate limestone quarrying firm, Solid North Mineral Corp (SNMC), in a PHP3.57bn (US$69.95m) deal. SNMC is currently majority-owned by Ramon S Ang, chairman of Eagle Cement. The move is expected to consolidate its raw material supply chain. |
CBMI progresses Solid K4 project despite pandemic07 September 2021, Published under Cement NewsCBMI Construction Co Ltd (Sinoma) are pressing ahead with the Cemex Solid K4 New Line Project in the Philippines, despite the COVID-19 pandemic. Manila has received regular lockdowns for more than six months. Subcontractors have retreated from the site due the pandemic, material costs are increasing, labour costs have risen as have shipping costs and additional cost from COVID-19 precautions and measurement, but as the project's EPC contractor, CBMI has continued to work. CBMI als... |
CeMAP records rising cement imports from Vietnam30 August 2021, Published under Cement NewsThe Cement Manufacturers Association of the Philippines, (CeMAP) Inc said Vietnam's cement exports to the Philippines rose 17 per cent YoY to 2.51Mt in the first four months of 2021, making the Philippines the second-largest destination for Vietnam exporters. "With a huge surplus and lower domestic demand, we will likely see a more aggressive effort from Vietnam exporters to flood the Philippine domestic market with imported cement," CeMAP Executive Director Cirilo M Pestano II said in a ... |
Eagle Cement announces 181% rise in net income17 August 2021, Published under Cement NewsPhilippines-based Eagle Cement has posted a 181 per cent YoY increase in net income to PHP3.7bn (US$73.08m) in the first half of 2021, against PHP1.32bn in the corresponding period of last year. Net sales also advanced 87 per cent to PHP11.06bn from PHP5.91bn in the 1H20. The company has attributed the results to higher sales volumes despite the decrease in the average selling price of cement per bag, which resulted from tight competition. |
Holcim Philippines reports successful 1H2102 August 2021, Published under Cement NewsHolcim Philippines posted net sales of PHP13.661m in the first half of 2021, up 19.6 per cent when compared with PHP11.419m in the 1H20. Operating EBITDA increased to 3.151m in the 1H21 from PHP1.705m from the year-ago period while operating EBIT surged from PHP814,033 to PHP2.228m. Net profit in the 1H also surged from PHP413,834 between January-June 2020 to PHP1.631m in the January-June 2021 period. The company attributed its performance to improved market conditions along with consi... |
Holcim Philippines invests to improve sustainability16 July 2021, Published under Cement NewsHolcim Philippines is set to invest PHP210m (US$4.18m) in projects to reduce the fuel consumption and increase mineral additive usage at its cement plants in Bacnotan, La Union, Lugait and Misamis Oriental, to raise business and sustainability performance. "More efficient operations will help us deliver better financial results and improve our environmental footprint. We look to continue implementing these improvements to meet our objectives of delivering greater value to our shareholders ... |