Cement News tagged under: Eagle Cement

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Philippines: Eagle Cement receives tax incentive

26 September 2017, Published under Cement News

Eagle Cement Corp reported that two of its cement projects with a total cost of nearly PHP19bn (US$373m) have been recently approved by the Board of Investments (BOI) under the prevailing Investment Priorities Plan (IPP), which provides such business activities with fiscal and nonfiscal incentives. The projects relate to the PHP6.5bn expansion of the company’s Bulacan plant and the PHP12.5bn production facility of its wholly-owned subsidiary South Western Cement. In its disclosure to ...

Eagle posts flat 2Q earnings

09 August 2017, Published under Cement News

Eagle Cement Corp of the Philippines reported a one per cent rise in earnings for the second quarter of this year as wet weather affected results. Net profit edged ahead to PHP1.9bn (US$37.5m) during the quarter versus PHP1.03bn a year ago, while net sales increased by six per cent to PHP3.71bn. "Historically second quarter is slower because of the rainy season," Eagle Cement President and CEO, John Paul L Ang, said in a press briefing, adding that the Easter Holy Week holiday occurred...

Philippines: gearing for growth

30 June 2017, Published under Cement News

Cement producers in the Philippines are gearing for growth, outlining new plant projects to ensure they are prepared to address the demand of anticipated public and private infrastructure spending. Cement demand in the Philippines has taken off in recent years, largely due to government infrastructure investment as well as industrial and commercial sector activity. Domestic cement consumption in 2016 amounted to just under 26Mt, up 6.6 per cent YoY despite a slowdown in the fourth quarter ...

Eagle Cement reports 30% 1Q earnings rise

30 June 2017, Published under Cement News

Earnings of the newly-listed Eagle Cement Corp in the Philippines increased by 30 per cent in the first quarter of 2017, driven by a rise in sales volume during the first three months of the year. Net income reached PHP1.03bn (US$20.3m) for January to March, following an increase of 19 per cent in net sales to PHP3.77bn.  "The retail business remains strong and with the government's pronouncement of increased infrastructure spending under its PHP8-trillion "Build Build Build" plan, th...

Estanda commissions Eagle Cement project, Philippines

15 September 2015, Published under Cement News

Estanda has carried out the supply and the commissioning of an 'Improvest' diaphragm to the Eagle Cement plant in the Philippines. The former middle diaphragm showed material flow problems in the diaphragm plates, resulting in problems and downtime, as well as subsequent wearing of these plates. The project consisted of a complete substitution of the previous liners for an Estanda Improvest diaphragm with a cement flow set to regulate an increase in mill production. In addition, the steel ...