Cement News tagged under: Cemex Philippines
Cemex Philippines shuts down kiln and Davao terminal22 November 2018, Published under Cement NewsAPO 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 hike19 November 2018, Published under Cement NewsPhilippines-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 layoffs14 November 2018, Published under Cement NewsAPO 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... |
Cemex Holding Philippines denies ownership in landslide area24 September 2018, Published under Cement NewsCemex Holding Philippines (CHP) reported to the stock exchange that it has no equity stake in APO Land & Quarry Corp (ALQC) after a landslide killed at least 22 people and left several people unaccounted for in the area on 20 September. Cemex is coordinating with ALQC after the recent downpour caused a landslide in Sito Sindulan, Barangay Tina-an, Naga City, Cebu. While ALQC is a raw material supplier of APO Cement Corp (Cemex group), CHP does not own any direct of indirect stak... |
Cemex Philippines remains positive on construction prospects03 May 2017, Published under Cement NewsCemex Philippines has said it remains confident on the prospects for domestic construction activity on the back of government investment in infrastructure after seeing lower volumes and pricing in the first quarter of this year. I n the three months to the end of March 2017, Cemex Philippines consolidated net income declined by 24 per cent to PHP350m (US$7m), against pro forma net income from the same period of last year. Lower volumes and prices were partially mitigated by better cost of... |
Philippines: Cemex secures US$280m BDO Unibank loan02 February 2017, Published under Cement NewsCemex Holdings Philippines Inc has secured a loan facility from BDO Unibank Inc for the peso equivalent of US$280m to refinance an outstanding obligation just seven months after joining the equities market through a PHP25.13bn initial public offering. In a disclosure to the Philippine Stock Exchange, the cement producer said it signed on Wednesday a senior unsecured peso term loan facility agreement with the country’s biggest lender to refinance its long-term loan with New Sunward Holding ... |
Philippines: Cement firms win environmental and mining safety awards07 December 2016, Published under Cement NewsApo Cement Corporation has won awards for safety and environmental standards at the Presidential Mine Safety and Environment Conference organised by the Philippine Mine Safety and Environment Association, the Manila Bulletin reports. The Cemex Philippines subsidiary received the Presidential Mineral Industry Environment Award (Platinum) for Mineral Processing and was declared winner for the Safest Mines Award in the Cement Plant category, with Taiheiyo Cement Philippines taking second pla... |
Philippines: Cemex achieves Energy Management ISO07 July 2016, Published under Cement NewsCemex Holdings Philippines’ subsidiaries, Solid Cement Corporation and Apo Cement Corporation, recently passed the ISO 50001:2011 Energy Management System (EnMS) audits , making them the first cement plants in the country to receive an SGS Philippines endorsement for the EnMS certification. The implementation of an EnMS represents Cemex’s proactive stance and commitment in achieving sustainable operations through energy optimisation and in contributing positively to mitigate the impact of... |
Cemex IPO values Philippines subsidiary at US$536m30 June 2016, Published under Cement NewsCemex has today announced that it will price shares in its subsidiary, Cemex Holding Philippines, at PHP10.75 (US$0.23), valuing the operation at around US$536m. Reuters News quotes Eduardo Francisco, president of underwriter BDO Capital & Investment Corp as stating: “That's good so there will be more upside and to ensure more demand post-listing”. Mr Francisco added that the offering was already oversubscribed. The valuation comes at the low end of the range earlier indicated by Cemex... |
Philippines: Cemex Holdings Philippines IPO will raise US$526m20 June 2016, Published under Cement NewsCemex Holdings Philippines (CHP), a subsidiary of Cemex, will on Tuesday launch an initial public offering to raise up to US$526m, reports Reuters. The offering would mark the Southeast Asian nation's second and biggest IPO so far this yea r. Cemex Holdings Philippines has secured US$125m from seven cornerstone investors for the IPO, IFR said. Cemex aims to invest US$300m to open additional capacity in the Philippines in 2019. “The new capacity will become operational by the second hal... |