Cement News tagged under: Holcim Philippines
Holcim Philippines sees 43% fall in net profit03 March 2021, Published under Cement NewsHolcim Philippines has reported a 42.5 per cent decline in net profit to PHP2.07bn (US$42.72m) for 2020, alongside a 22.3 per cent YoY fall in sales to PHP26.02bn from PHP33.49bn in 2019. "Lockdowns from March to May and severe weather conditions in the fourth quarter further affected the business. These hampered delivery of raw materials and services to production sites and dispatch of products to customers," said the company in a statement. The company's EBITDA was down by 38.6 per cent... |
Holcim Philippines appoints new CEO25 February 2021, Published under Cement NewsHolcim Philippines has appointed Horia Ciprian Adrian as its president and CEO, following the departure of John Stull who has led the company for three years. The appointment will be effective from 1 March. "It is an honour to be appointed as the new President and CEO of Holcim Philippines. The business in the Philippines is a significant contributor to the LafargeHolcim Group and it is truly exciting to continue the remarkable work done under John's leadership," said Mr Adrian. He has p... |
Holcim Philippines to invest PHP121.5m in AF resources15 January 2021, Published under Cement NewsHolcim Philippines has allocated PHP121.5m (US$2.5m) of funds to improve its alternative fuels processing facility at its plant in Norzagaray, Bulacan, by 2022. The investment will be used to improve the efficiency of its shredding operations, establish new equipment, and upgrade storage and feeding facilities at the plant. "This investment ensures we can continue being a reliable partner in the country's sustainable development, while also meeting our objectives of making our operatio... |
Holcim Philippines releases a new dry mortar08 January 2021, Published under Cement NewsHolcim Philippines Inc has developed a new multipurpose mortar product that is a dry-mix solution for high-quality walls, floors and tile building projects. Called Holcim Multifix, the product combines sand and cement enhanced with polymer that can be activated by adding water. Multifix is produced in the company's dry-mix plant, removing the need for masons to combine materials on site. Being factory-produced also significantly reduces wastage of building materials such as sand, thus m... |
Holcim Philippines to streamline corporate structure24 November 2020, Published under Cement NewsThe board of Holcim Philippines Inc (HPI) has approved the merger of three majority-owned subsidiaries (Bulkcem Philippines Inc, Mabini Grinding Mill Corp and Holcim Philippines Manufacturing Corp) into the company to streamline corporate structure. The company is now expected to hold a special stockholders’ meeting on 15 January 2021 for the approval of the transaction. Bulkcem Philippines currently leases its Iloilo bulk terminal to HPI, while Mabini Grinding Mill Corp leases its gri... |
Holcim Philippines offers one-day concrete for road projects29 September 2020, Published under Cement NewsHolcim Philippines is looking to fast-track road projects outside the National Capital region by making its one-day SuperFast-Crete concrete available to contractors in government road repair projects and help lessen disruption to commuters. According to the company, it also plans to offer SFCrete, which was launched in 2016, to contractor partners in Davao and Baguio. Holcim Philippines said that SFCrete has already proven its capabilities on 15km of roads all over Metro Manila. Holci... |
Holcim Philippines expected to remain within group23 July 2020, Published under Cement NewsFollowing 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 VPs29 June 2020, Published under Cement NewsHolcim 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 operations27 May 2020, Published under Cement NewsHolcim 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 profit04 May 2020, Published under Cement NewsHolcim 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 ... |