Cement News tagged under: Holcim Philippines
Holcim Philippines reports 5% fall in net profit01 March 2019, Published under Cement NewsHolcim Philippines has reported a five per cent fall in 2018 net profit to PHP2.55bn (US$49.3m), compared with PHP2.69bn of the previous year. However, the company also noted a three per cent YoY rise in net sales to PHP35.62bn. EBITDA in 2018 declined 10 per cent to finish at PHP4.89bn. The profit decrease has been attributed to higher interest expenses from short-term loans to fund its ongoing expansion projects. "In 2018, we faced higher production and financing expenses, but we succe... |
Holcim Philippines completes La Union expansion22 February 2019, Published under Cement NewsHolcim Philippines has reported the completion the expansion project at its plant in La Union, Luzon, increasing capacity to 1.8Mta from 1Mta previously. The company completed the installation of new grinding equipment and storage facilities two months ahead of schedule. "With our expansion and efficiency initiatives, we can better provide a reliable supply of high-quality cement to help our partners advance the region's development," said John Stull, Holcim Philippines president and CEO.... |
LafargeHolcim could seek up to US$2.5bn for its Philippines business28 January 2019, Published under Cement NewsShares of Holcim Philippines have been rising steeply as LafargeHolcim is believed to be considering the sale of its Philippines business unit to further reduce group debt. LafargeHolcim is undergoing a strategic review of its southeast Asian operations following the sale of its Indonesian business. The company could seek a value of US$2.5bn for the assets it holds in the Philippines, according to Bloomberg. LafargeHolcim's CEO, Jan Jenisch, said in May that the company’s southeast Asia bu... |
Holcim Philippines amends its Articles of Incorporation03 January 2019, Published under Cement NewsThe Securities and Exchange Commission has given Holcim Philippines Inc (LafargeHolcim group) approval to amend its Articles of Incorporation to provide technical support for ready-mix cement plants. "The amendment will enable Holcim Philippines to provide technical support to ready-mix (RMX) plants and contractors on various quality control, optimisation, solutions development and skills upgrade," said Holcim Philippines. The change in the company's secondary purpose will not effect its c... |
Holcim Philippines contracts Huaxin for US$245m project13 December 2018, Published under Cement NewsChina’s Huaxin Cement has announced that it has been contracted to build and renovate cement production lines and supporting facilities for Holcim Philippines. The US$245m engineering, procurement and construction contract is expected to be fulfilled over a two-year period. It will see Huaxin build a 6000tpd production line, renovate an existing 3000tpd line and erect a 7MW waste heat power generation project. Huaxin will design, provide equipment, build civil works, install and debug equ... |
Holcim Philippines to raise capacity to 13Mta by 202003 December 2018, Published under Cement NewsHolcim Philippines (LafargeHolcim group) is investing US$300m to raise its cement capacity in the country by 30 per cent to 13Mta by 2020. Holcim Philippines informed the Philippine stock exchange that will upgrade its facilities in Bulacan and Misamis Oriental with the installation of new and efficient kilns and mills and waste heat recovery systems as part of its cost focus. "Our company believes in the sustained development of the Philippines. This investment is proof of our confidence... |
Holcim Philippines to raise capacity of La Union plant26 September 2018, Published under Cement NewsHolcim Philippines has announced that it intends to raise the capacity of its facility in La Union, Luzon, from 1Mta to 1.8Mta by the first half of 2019, to further support the construction activity on the island. The company is currently installing new equipment and storage facilities at the plant, while implementing efficiency initiatives in its Bulacan, Manila and Batangas facilities. "Holcim Philippines remains committed to the development of Luzon and the entire country and we intend... |
Holcim Philippines moves coal stockpile after spill06 August 2018, Published under Cement NewsTo prevent the repeat of a coal spill that has polluted the shores of Bacnotan, Holcim Philippines Inc has moved its temporary coal stockpile to enclosed storage areas and put up three additional siltation pond, according to the Philippine Daily Enquirer. Coal at the original stockpile was washed down by heavy rains, resulting in “water coming from the mountain to create a gap in the benched wall” and divert coal from the siltation pond toward the shoreline, according to a Holcim statemen... |
Holcim Philippines records 25% fall in net profit27 July 2018, Published under Cement NewsHolcim Philippines recorded a 25 per cent YoY drop in net profit to PHP1.6bn (US$30m) for the 1H18 period, with the results attributed to competition and higher operating costs. However, net sales increased eight per cent to PHP18.8bn on the back of an increase in sales volumes of cement and aggregates. In the 2Q18 net sales advanced 18.5 per cent YoY to PHP10.1bn. "Our second quarter performance showed encouraging trends which translated into significant sales growth on the back of stro... |
Mindanao region poised for higher cement demand12 July 2018, Published under Cement NewsCurrently in the Philippines, there are about 60 nationwide infrastructure development projects related to Build, Build, Build scheme and about 14 of these are in Mindanao. Most of those in Mindanao are still in the feasibility study stages and may start construction by next year. Mindanao Development Authority (Minda) Assistant Secretary, Romeo Montenegro, said as there are no apparent shortages yet, there is also a continuing rise in the demand for cement and steel. They have yet ... |