Cement News tagged under: Holcim Philippines

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Holcim Philippines expected to remain within group

23 July 2020, Published under Cement News

Following the lapse of sale agreement with San Miguel Corp earlier this year, Holcim Philippines is now expected to remain within LafargeHolcim, according to the company's CEO, John Stull, in an annual meeting on Wednesday. "We are very pleased to know that we are no longer in the sales process and we're very excited about the future working with one of the largest and most successful companies in the building material sector and we're happy to remain part of the group," said Mr Stull. Th...

Holcim Philippines appoints new VPs

29 June 2020, Published under Cement News

Holcim Philippines has appointed Edwin Villas as senior vice president logistics after Mr Villas served as officer-in-charge of the department since 2019 concurrent to his role as vice president for sales, Greater Manila Region and South Luzon. He previously held senior Sales leadership roles and served in Procurement and Internal Audit. Villas is a Certified Professional for Supply Management, Certified Information System Auditor and holds a degree in computer science. He also completed the...

Holcim Philippines resumes operations

27 May 2020, Published under Cement News

Holcim Philippines Inc has restarted manufacturing and logistics operations with stronger health and safety controls at all its sites nationwide, after pausing cement production in compliance with government quarantine measures against COVID-19. The company started to reopen its plants and terminals in La Union, Bulacan, Manila, Batangas and Davao following the easing by national and local governments of quarantines that started in the second half of March. Holcim's plant in Lugait, Misamis...

Holcim Philippines sees 29% fall in net profit

04 May 2020, Published under Cement News

Holcim Philippines has reported a 28.7 per cent fall in its net profit to PHP501.54m (US$9.93m) for the first quarter of 2020, compared to PHP703.86m in the year-ago period. Net sales also declined 10 per cent to PHP7.27bn due to lower prices and volumes, especially in March. "Like the rest of the country, our company was significantly affected by the COVID-19 pandemic and the government's efforts to address it," said John Stull, Holcim Philippines President and CEO. The company had ...

Holcim Philippines funds local hospitals in COVID-19 fight

04 May 2020, Published under Cement News

To contribute to the Philippine's fight against COVID-19,  Holcim Philippines Inc is donating part of its corporate citizenship budget for funds towards medical supplies for hospitals assigned to treat coronavirus patients and relief items to its affected communities. The company has allocated a substantial share of the budget for corporate citizenship programme Holcim Helps to buy protective equipment such as surgical masks, respirators and face shields to be donated to the Lung Center of ...

Holcim Philippines closes Davao cement plant

06 April 2020, Published under Cement News

The Philippines' leading cement-maker Holcim Philippines has suspended the operation of its manufacturing plant in Davao as the city was locked down until 19 April to contain the COVID-19 pandemic. The suspension of operations in Davao is in compliance with Mayor Sara Duterte's order to impose an enhanced community quarantine (ECQ) within Davao City starting 4 April. "While our Lugait plant in Misamis Oriental will continue to operate and serve the requirements of our business partners and...

Holcim Philippines to increase AF use

31 March 2020, Published under Cement News

Holcim Philippines plans to further increase its use of suitable and preprocessed waste as alternative fuel and raw material to reduce costs as well as help address the country’s solid waste issue. “Aside from its business benefits, our Geocycle unit enables us to further contribute to Philippine development in a sustainable manner. Through our co-processing operations, we are able to lower our carbon footprint and help ease the waste management challenges of the country while producing an...

Holcim Philippines posts 41% net income advance in 2019

03 March 2020, Published under Cement News

Holcim Philippines achieved a revenue of PHP33.5bn (US$660.4m) in 2019 despite a slow first half in terms of construction activity. However, the company’s operating EBITDA increased 36.7 per cent YoY to PHP6.7bn in 2019 from PHP4.9bn in 2018 as the company benefitted from initiatives to raise efficiencies and improve costs across the board. The rise was further supported by a more favourable product mix and the stable contribution of its aggregates business. The company’s full-year net in...

Higher prices ensure Holcim Philippines receives better 9M19 earnings

28 October 2019, Published under Cement News

In a disclosure to the Philippine Stock Exchange, Holcim Philippines Inc said EBITDA almost doubled in the 9M19 to PHP1.2bn (US$23.4m) on cost improvements across all its operations coupled with better prices of cement and aggregates. Net income for the third quarter surged to PHP457.2m from PHP176.9m in the same period of the previous year. However, sales volumes were still lower than the third quarter of 2018 despite improved pricing resulting in lower net sales of PHP8.3bn from PHP8.5bn ...

Holcim Philippines inaugurates new facilities at Bulacan unit

24 September 2019, Published under Cement News

Holcim Philippines has inaugurated new storage and loading facilities at its plant in Norzagaray, Bulacan, which it hopes will help boost production. The additions include a new warehouse with six loading bays and new packing and loading machines. "This is the third site we are holding inauguration activities at this year as our company continues investments to strengthen our ability to support our customers nationwide," said John Stull, CEO, Holcim Philippines. "This is part of our greate...