Cement News tagged under: Holcim Philippines

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Holcim Philippines to invest US$54m in the next 2 years

28 July 2017, Published under Cement News

Holcim Philippines Inc plans to invest US$54m over the next two years to increase its capacity to 12Mta to support the government’s flagship infrastructure projects. The company will invest US$54m in the next two years to add 2Mt to its current cement capacity by the first half of 2019, particularly in La Union and Davao," Holcim Philippines President and Chief Executive Officer, Sapna Sood, said in a statement. "Our investments assure that Holcim Philippines will continue to provide a re...

Philippines: gearing for growth

30 June 2017, Published under Cement News

Cement producers in the Philippines are gearing for growth, outlining new plant projects to ensure they are prepared to address the demand of anticipated public and private infrastructure spending. Cement demand in the Philippines has taken off in recent years, largely due to government infrastructure investment as well as industrial and commercial sector activity. Domestic cement consumption in 2016 amounted to just under 26Mt, up 6.6 per cent YoY despite a slowdown in the fourth quarter ...

Holcim Philippines capacity to reach 10Mta by 2Q-end

26 May 2017, Published under Cement News

Holcim Philippines Inc said its production capacity is expected to reach 10Mta by the end of the second quarter through upgrades to its plants at Mabini and Norzagaray. Holcim Philippines Chief Operating Officer, Sapna Sood, said in an interview with The Standard (Philippines) debottlenecking of existing cement facilities would add 2Mta of capacity. “We certainly had a project where we were looking at all of that safety, debottlenecking. That is near completion. To be completed at the ...

Holcim Philippines sees 'challenging' 1Q17

27 April 2017, Published under Cement News

Lower public infrastructure spending, tighter industry competition and higher production expenses led to a dip in Holcim Philippines' first-quarter financial performance, the company reported today. The company’s net sales for the first three months of 2017 reached PHP8.8bn (US$176.1m), down 12 per cent YoY due to the challenging business environment. Holcim Philippines also booked PHP1.7bn in operating EBITDA compared to PHP2.5bn in the 1Q16 due to higher costs from rising fuel price...

Holcim Philippines, Robinson Land sign cement supply contract

17 March 2017, Published under Cement News

Holcim Philippines will support the expansion of the Philippines’ leading real estate developer, Robinsons Land Corp (RLC) as it provides cement to 44 projects to be built by RLC by 2019. The cement producer will supply 19m bags of its general purpose cement Excel, masonry cement Wallright and high-performance infrastructure cement  4X for the construction of RLC projects such as office and residential buildings, malls and hotels in key urban areas in the country.

Holcim Philppines reports lower net income in 2016

03 March 2017, Published under Cement News

Holcim Philippines (LafargeHolcim group) reported a lower net income of PHP6.8bn (US$134.8m) last year, compared to the PHP8.1bn recorded in 2015. The 2015 profit included a one-time gain of PHP2.6bn from the revaluation of Holcim’s investment in an affiliate. Strong revenues and effective cost management efforts lifted the company’s earnings. With higher revenues and manufacturing and enhanced distribution network, the company’s EBITDA increased by 14 per cent to PHP10.8bn. "Withou...

Holcim Philippines 3Q profits up 15%

27 October 2016, Published under Cement News

Holcim Philippines increased its net profit for 9M16 by nearly 20 per cent YoY to PHP5.4bn (US$111.8m), helped by a double-digit growth in cement sales. For the 3Q alone, the company's net profit rose by 15.3 per cent YoY to PHP1.7bn, which was attributed to strong sales figures and improved operational efficiency. For the 3Q operating cash flow increased by 11 per cent YoY to PHP2.7bn, driven by sustained gains in operational efficiencies implemented at the start of the year and higher c...

Holcim Philippines appoints COO

01 September 2016, Published under Cement News

Holcim Philippines announced Thursday that its board has appointed Sapna Sood as Chief Operating Officer (COO), effective 1 November 2016. Ms Sood previously acted as Group Head of Health and Safety at LafargeHolcim and held the position of Head of Helium in the Asia-Pacific region for Linde Group. The appointment comes as part of the preparations for CEO Eduardo Sahagun’s retirement on 19 April 2017. Mr Sahagun will relinquish his duties as CEO in November, but remain acting President un...

Philippines: Holcim Q1 revenues up 17.2%

31 May 2016, Published under Cement News

Holcim Philippines have released trading figures for 1Q2016, revealing that revenues have increased 17.2 per cent YoY to PHP10.1bn (US$216m), reports InPR. The company attributed its good performance to higher private spending and to increased government infrastructure investment, of which PHP760bn (US$16.25bn) of funding has been allocated. Holcim Philippines quarterly results showed operating EBITDA rising by 5.3 per cent to PHP2.5bn (US$53m). Holcim Philippines President and Country...

Holcim Philippines forecast flat net income

04 May 2016, Published under Cement News

Holcim Philippines Inc delivered flat earnings in 1Q16 although the cement maker expects strong private construction activity and the implementation of the projects under the government's public-private partnership (PPP) programme to improve matters along with state spending on infrastructure later this year. In a briefing in Makati City yesterday, Holcim President and Country CEO, Eduardo A Sahagun, said the company's bottomline was unchanged at PHP1.5bn (US$31.8m) in the January to March...