Cement News tagged under: Holcim Philippines
Holcim Philippines funds local hospitals in COVID-19 fight04 May 2020, Published under Cement NewsTo 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 plant06 April 2020, Published under Cement NewsThe 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 use31 March 2020, Published under Cement NewsHolcim 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 201903 March 2020, Published under Cement NewsHolcim 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 earnings28 October 2019, Published under Cement NewsIn 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 unit24 September 2019, Published under Cement NewsHolcim 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... |
San Miguel's acquisition of Holcim Philippines undergoes further review09 September 2019, Published under Cement NewsThe Philippine Competition Commission (PCC) is conducting a further review of the US$2.15bn acquisition of Holcim Philippines by San Miguel Corp. As the initial 30-day review of the deal ended on 22 August, the PPC will now proceed to the 60-day Phase Two review. “Cement is a commodity with low product differentiation where brands undergo the same quality standards. While the transaction is national in scope, the initial review shows that geographic markets by region affect retailers and ... |
DTI reports that cement prices remain stable30 August 2019, Published under Cement NewsCement prices in the Philippines are holding firm despite some rumours of cement shortages, says the Department of Trade and Industry Regional Consumer Protection Division and Provisional Office (DTI). The wholesale price of a 40kg bag of cement is being sold at around PHP222 (US$4.26) and the retail price is being set at around PHP230-235. In January 2019, the DTI reported that retail prices of cement ranged from PHP220-230 in Bulacan, PHP220-250 in Nueva Ecija, PHP227-240 in Batan, PHP230... |
Lugait Cement plant upgrades to meet Mindanao's rising demand16 August 2019, Published under Cement NewsHolcim Philippines, Inc (LafargeHolcim group) is preparing to start work on the modernisation of its Lugait Cement plant in Misamis Oriental as it expects continued growth in Mindanao demand. Mindanao's cement demand comes not just from the two primary cities of Davao and Cagayan de Oro, but also from Zamboanga, Dipolog, Butuan, and other secondary cities. "For so long, Visayas demand has always been bigger than Mindanao’s. But for the last three years, we are now bigger than Visayas," sai... |
Holcim Philippines sees 28% fall in sales for 2Q1901 August 2019, Published under Cement NewsHolcim Philippines has reported a 17 per cent YoY fall in net attributable profit to PHP716.15m (US$13.98m) for the 2Q19, while sales dropped 28 per cent to PHP7.28bn. In the first half of 2019, attributable profit declined nine per cent to PHP1.42bn and sales decreased 18 per cent to PHP15.38bn. However, EBITDA advanced 9.5 per cent to PHP3bn. "We continued to deliver value to our customers and shareholders by sustaining actions to manage our costs and improve operational efficiency de... |