Cement News tagged under: Cemex Philippines

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Cemex Philippines to invest in co-processing and green cements

29 November 2021, Published under Cement News

Cemex Holdings Philippines Inc has reiterated its commitment to increase its production capacity, while reducing carbon emission with new 'green cements' and higher capacity for co-processing. At present, 80 per cent of Cemex Philippines' cement products is in the green cement category. It aims to produce 100 new-generation cement products in the short term.   " We need to introduce this new generation of cement products. And this new generation of cement products have basically, a lower ...

Cemex Philippines resets opening date for Antipolo plant

24 February 2021, Published under Cement News

Cemex Philippines is postponing the opening of its new integrated cement plant in Antipolo City to January 2022. The original target date for completion of the project was   December 2020. The US$265m kiln line will have a cement capacity of 1.5Mta. "Accordingly, the four-year income tax holiday period applicable to this project shall be reckoned from January 2022 or the actual start of commercial operations, whichever is earlier," the company said.

Cemex Philippines records net income of PHP98m in 2020

16 February 2021, Published under Cement News

Cemex Holdings Philippines Inc reported a 23 per cent weaker net income of PHP985m (US$20.54m) in 2020 from PHP1.3bn in 2019, as the coronavirus impacted its operating earnings. The listed company’s consolidated net sales also dropped by 16 per cent last year to PHP19.7bn from PHP23.6bn in the previous year. The COVID-19 pandemic slumped the firm’s domestic cement volumes by 11 per cent YoY in 2020, while its domestic cement volumes in the fourth quarter shed nine per cent YoY due to advers...

Cemex Philippines' US$235m project reaches milestone

20 January 2021, Published under Cement News

Cemex Philippines' US$235m project has reached a milestone as the company has lifted the rotary kiln into place for its new line. Upon completion, the 1.5Mta expansion at Solid Cement will raise capacity to 3.4Mta. "This milestone demonstrates our full commitment to the development of the country and brings us closer to further strengthening our position in providing the infrastructure and building needs for economic development," said Ignacio Mijares, CEO and president, Cemex Holdings Ph...

Cemex Philippines announces 22% decline in net sales

03 August 2020, Published under Cement News

Cemex Holdings Philippines has announced a 22 per cent decline in consolidated net sales to PHP9.6bn (US$195.6m) for the first half of 2020, while operating EBITDA was also down 22 per cent YoY to PHP1.8bn. Domestic cement volumes decreased by 17 per cent YoY during the 1H20 and domestic cement prices during both the second quarter and first half of 2020 were six per cent lower YoY. "The second quarter was very challenging for our company, with our volumes adversely impacted by quarantine...

APO Cement agrees to change truck delivery times

06 September 2019, Published under Cement News

Cemex Philippines' APO Cement plant has agreed to stop the movement of its delivery trucks during peak hours of the day to help address the traffic problem in Naga City, according to Gwendolyn F Garcia, Cebu Governor. The cement producer agreed to change its routines following a meeting when it was decided Cemex could adjust transport operations between 07.00-09.00hrs and 13.00-19.00hrs to avoid obstructing traffic along the national highway. "I said we've been having so many meetings… and...

DTI reports that cement prices remain stable

30 August 2019, Published under Cement News

Cement prices in the Philippines are holding firm despite some rumours of cement shortages, says the Department of Trade and Industry Regional Consumer Protection Division and Provisional Office (DTI). The wholesale price of a 40kg bag of cement is being sold at around PHP222 (US$4.26) and the retail price is being set at around PHP230-235. In January 2019, the DTI reported that retail prices of cement ranged from PHP220-230 in Bulacan, PHP220-250 in Nueva Ecija, PHP227-240 in Batan, PHP230...

Cemex Philippines shuts down kiln and Davao terminal

22 November 2018, Published under Cement News

APO Cement (Cemex group) in the Philippines has closed its Davao cement terminal and suspended one kiln line at its Cebu plant following the suspension of mining operations at Apo Land & Quarry. The closure means the lay off of 30 staff and cessation of work for 40 per cent of its contractors. These cost cutting measures are in addition to temporary suspensions affecting 30 per cent of its workforce.  The company is engaging with suppliers in Cebu and neighbouring territoies for raw materia...

Apo Cement announces PHP10 price hike

19 November 2018, Published under Cement News

Philippines-based Apo Cement has announced a PHP10 (US$0.19) price hike on its cement products in some regions of the country, following the suspension of its main raw material supplier, APO Land & Quarry Corp. "APO Cement continues to adopt measures to cope with the challenges of not having equitable sources of raw materials to produce cement," stated the company. "APO is announcing a PHP10 increase per bag in its cement products in Cebu and other areas in the Visayas region starting ...

APO Cement announces job layoffs

14 November 2018, Published under Cement News

APO Cement is laying off 30 per cent of their regular employees and up to 40 per cent of their contractual workers. The announcement came as a shock to employees after the workers' general assembly meeting. The lay-offs will come into effect on 13 December 2018 and will last for at least six months. The decision stems from the suspension of the quarry operations of Apo Land and Quarry Corp (ALQC), the main supplier to APO Cement, which suffered a disruption to mining after a landslide in Na...