Cement News tagged under: Cemex Holdings Philippines Inc

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Cemex Holding Philippines plans SRO

08 April 2019, Published under Cement News

Cemex Holdings Philippines Inc plans to increase its capital stock by more than triple to raise finds through a potential stocks rights offering (SRO). "Cemex Holdings became one of the most actively-traded stock (last week) after it disclosed its plan to increase its authorised capital to enable itself to raise finds via SROs or other fund-raising option," said Jervin S de Celis of Timson Securities. Cemex is aiming to raise up to US$250m to improve its capital structure, provide flexibil...

Solid Cement Corp has BOI approval as a new manufacturer

31 January 2019, Published under Cement News

Cemex Holdings Philippines has secured board of investment approval for its Solid Cement Corp subsidiary to become a new cement producing company. Solid Cement had 'pioneer status' for its Antipolo City production line, but with non-pioneer incentives. The non-pioneer incentive meant that Solid Cement was exempt from paying income tax for four years from the start of commencing commercial operations. Solid Cement is currently planning to expand its production line to 3.4Mta.

Cemex to invest US$235m in Philippine expansion

19 October 2018, Published under Cement News

Cemex Holdings Philippines plans to expand capacity at its subsidiary’s facility in Antipolo City, Rizal, at an estimated investment cost of US$235m. Solid Cement Corp has signed project agreements with China’s CBMI Construction Co Ltd for the procurement, construction and installation of the new line, according to a disclosure to the stock exchange. The project is expected to increase capacity by 1.5Mta, boosting Cemex’s total capacity in the country by 26 per cent. Currently, Solid Cemen...

Cemex allocates PHP3bn towards start of Solid Cement's expansion

07 June 2018, Published under Cement News

Cemex Holdings Philippines Inc has allocated PHP3bn (US$57.1m) this year towards building its new production line at its Antipolo cement factory in Rizal. Cemex Holdings Philippines is investing a total of US$225m for the Solid Cement expansion project. The new line will expand Solid Cement’s capacity from 1.9Mta to 3.4Mta.

 "Specific to the Solid Cement plant expansion – PHP2.5bn to PHP3bn this year," said Cemex Holdings Philippines president and CEO, Ignacio Mijares, at a stockholders ...

APO Cement Corp signs waste heat agreement with Sinoma Energy Conservation

29 March 2017, Published under Cement News

Cemex Holdings Philippines Inc subsidiary APO Cement Corp has signed an agreement with Sinoma Energy Conservation Ltd. of China to build and operate a 4.5MW waste-heat-to-energy (WHTE) facility in Naga, Cebu. This technology is expected to generate 25,000MW hours annually. The facility is expected to mitigate the negative effects of power service interruptions, help reduce dependence on high-cost power sources, and reduce the cement plant’s carbon footprint, the company said. "Promoting en...