Cement News tagged under: Holcim Philippines
Holcim Philippines forecasts moderate 2012 growth27 March 2012, Published under Cement NewsHolcim Philippines expects to achieve growth of 5-6 per cent this year, chief operations officer Roland van Wijen has said, following a challenging 2011. Last year the company reported a 47.1 per cent decline in net profit from PHP3.84bn to PHP21.62bn due to weak demand and higher production costs. Sales, meanwhile, dropped nine per cent to PHP21.62bn. Speaking to the Philippine Star, Van Wijen said: “Last year was a challenging year for us because the reduced government spending mean... |
Holcim Phillippines expects sales recovery06 March 2012, Published under Cement NewsHolcim Philippines Inc expects sales to recover this year on positive economic indicators alongside an anticipated early-spending boost in the run up to the 2013 elections, reports the Business Mirror of the Philippines. Holcim Philippines Chief Operating Officer, Roland van Wijnen, told the newspaper that 2012 sales volume could grow five percent with an “upside potential.” “We look positively toward the first six months,” said van Wijnen. Holcim Philippines reported earlier that 2... |
Weak demand and high input costs hit Holcim Philippines earnings24 February 2012, Published under Cement NewsHolcim Philippines posted a net earnings of PHP2.03bn, down 47.27% from the PHP3.85bn it earned in 2010 as weaker cement demand and higher input costs impacted revenue but said it is cautiously optimistic for the year ahead. The company said cement consumption fell after a very strong market in election year 2010. Simultaneously, continuous rises in coal and electricity hiked the company’s energy costs per ton by 14 per cent. “The environment in 2011 was certainly tough, but I believe ... |