Cement News tagged under: Holcim Philippines
Holcim supports waste recycling in Philippines29 September 2022, Published under Cement NewsHolcim Philippines Inc and its waste management unit, Geocycle, pledged to support the municipalities of Binangonan, Cainta and Taytay in Rizal in managing their waste sustainably by converting it into low-carbon alternative fuels for cement production. The company has agreed with the three municipalities that the latter will transport up to 650tpa of non-hazardous and non-recyclable residual wastes (including plastics, laminates, textiles and rubber) to Holcim’s Bulacan plant for pre- a... |
Holcim Philippines sees net profit slump in 1H2212 August 2022, Published under Cement NewsHolcim Philippines Inc has reported revenue of PHP12.2bn (US$219.2m) in the first half of 2022, down from PHP13.7bn in the same period a year earlier. EBITDA has declined from PHP3.2bn to PHP2.1bn over the same period, with net profit falling from PHP1.6bn to PHP661m. In the second quarter, ended 30 June 2022, revenue came in at PHP5.4bn, compared to PHP6.9bn in the 2Q21. Operating EBITDA slipped from PHP1.4bn to PHP1.1bn, and net profit slumped from PHP721m to PHP240m. The company has... |
Holcim Philippines' net income reaches PHP2.6bn in 202124 March 2022, Published under Cement NewsHolcim Philippines ( Holcim group ) saw higher profits in 2021 as it shielded margins from higher costs by raising prices. Holcim Philippines President and CEO, Horia Adrian, said ‘cost mindfulness’ and a tighter focus on operations and innovation would protect the company’s bottomline through 2021. The company underscored growth last year despite challenges arising from lower demand during the pandemic and the surge in costs of energy and fuel that were key inputs in the production ... |
Holcim Philippines signs contract for two solar power plants22 November 2021, Published under Cement NewsHolcim Philippines has signed a 20-year deal with Blueleaf Energy, a leading renewable energy company, to deliver solar power to its plants in Norzagaray, Bulacan, and Bacnotan, La Union. As part of the agreement, Blueleaf will finance, build, operate and maintain solar energy facilities with a combined capacity of 29MW, which are expected to supply up to 15 per cent of the energy requirements of the two Luzon plants by 2024. "Reducing the carbon footprint of our operations is one of our... |
Holcim Philippines sees 124% net income increase17 November 2021, Published under Cement NewsHolcim Philippines reported a 124 per cent YoY increase in net income to PHP2.3bn (US$45.66m) in the first nine months of 2021, compared to PHP1.03bn in the year-ago period, on the back of higher cement sales. “Our continuing focus on operational efficiencies and cost management enabled us to drive performance despite market demand and inflationary challenges. We take pride in leading industry innovations with our new building solutions that help partners build better,” said Horis Adrian,... |
Holcim Philippines reports successful 1H2102 August 2021, Published under Cement NewsHolcim Philippines posted net sales of PHP13.661m in the first half of 2021, up 19.6 per cent when compared with PHP11.419m in the 1H20. Operating EBITDA increased to 3.151m in the 1H21 from PHP1.705m from the year-ago period while operating EBIT surged from PHP814,033 to PHP2.228m. Net profit in the 1H also surged from PHP413,834 between January-June 2020 to PHP1.631m in the January-June 2021 period. The company attributed its performance to improved market conditions along with consi... |
Holcim Philippines invests to improve sustainability16 July 2021, Published under Cement NewsHolcim Philippines is set to invest PHP210m (US$4.18m) in projects to reduce the fuel consumption and increase mineral additive usage at its cement plants in Bacnotan, La Union, Lugait and Misamis Oriental, to raise business and sustainability performance. "More efficient operations will help us deliver better financial results and improve our environmental footprint. We look to continue implementing these improvements to meet our objectives of delivering greater value to our shareholders ... |
La Union plant receives ISO Certifications08 July 2021, Published under Cement NewsThe Holcim Philippines La Union plant has successfully secured the latest ISO certification for occupational health and safety management systems, and is being recertified for high standards of quality and environmental management. Holcim La Union was certified for ISO 45001: 2018 for Occupational Health and Safety Management System and recertified for ISO 9001: 2015 (Quality Management System) and ISO 14001:2015 (Environmental Management System). The certification body was the TUV Rhe... |
Sinoma signs EPC contract for La Union renovation project07 July 2021, Published under Cement NewsSinoma Construction and Holcim Philippines have signed a cloud contract for the renovation of the La-Union cement plant. The signing ceremony took place simultaneously in Beijing, China and Manila, Philippines. The engineering procurement contract (EPC) project is located in Bacnotan, North Luzon, Philippines, about 307km away from the company's Cemex Solid K4 clinker line project. The signing of the project has laid a good foundation for the company to expand Holcim’s busines... |
Holcim Philippines reports 81% rise in net income27 April 2021, Published under Cement NewsHolcim Philippines reported an 81 per cent rise in net income to PHP909.35m (US$18.79m) in the first quarter of 2021, compared to PHP501.54m in the year-ago period. However, revenues declined six per cent YoY to PHP6.81bn from PHP7.27bn in the 1Q20. "We delivered an excellent performance in the first quarter due to our sustained focus on Health, Cost, and Cash," said Horia Adrian, president of Holcim Philippines. The company has also announced the temporary suspension of operations a... |