Cement News tagged under: Holcim Philippines
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 ... |
Holcim Philippines considers capacity increase18 May 2018, Published under Cement NewsHolcim Philippines Inc has earmarked PHP2.4bn (US$45.86m) for capital outlays this year, with projects to further increase capacity being considered, according to the Philippine Daily Inquirer. The company will prioritise operational improvements, tighter cost management and new building solutions to benefit from and support the strengthening construction activity in the country, said John Stull, president and CEO of Holcim Philippines. "Last year, we started projects to raise cement pr... |
Holcim Philippines' net income drops in 1Q1808 May 2018, Published under Cement NewsHolcim Philippines Inc (LafageHoclim group) said net income in the first three months of the year dropped 25 per cent due to higher energy costs and lower cement prices. Holcim reported that net income for the period of PHP700m (US$13.49m), down from the PHP939.4m (US$18.1m) registered a year earlier. Margins were lower due to the higher cost of goods sold from higher input costs driven by fuel and power prices. Net sales fell three per cent to PHP8.6bn although cement sales volume incr... |
Holcim Philippines appoints John Stull as CEO24 April 2018, Published under Cement NewsHolcim Philippines has appointed John Stull, the former chief of LafargeHolcim’s US cement operations, as its new president and CEO with immediate effect. Mr Stull will be replacing Sapna Sood, who recently resigned from her role, according to the company. "I am delighted to join Holcim Philippines at this exciting but challenging time. As the market adapts and becomes faster paced, the company needs to be well positioned to play a key role in the future development of the country with in... |
Holcim Philippines reports fall in net profit for 201702 March 2018, Published under Cement NewsHolcim Philippines has announced its results for 2017 and reports a net profit of PHP2.4bn (US$46.2m) for the full-year period, a fall of 65 per cent compared to the previous year. This has been attributed to a slowdown in the construction sector, increased competition and higher input costs, according to the Business Inquirer. Similarly, revenue decreased 13.9 per cent YoY to finish at PHP24.7bn, while EBITDA dropped 49.6 per cent to PHP5.4m. "The construction growth slowdown, tighter co... |
Holcim Philippines CEO says policies will help women to get to the top22 February 2018, Published under Cement NewsHolcim Philippines' CEO, Sapna Sood, says that by 2030 she hopes women will account for roughly a third of the company's total number of employees. Ms Sood is calling for greater diversity in the company that is associated mainly with men. On the senior level, Holcim Philippines' workforce is 32 per cent female. "What we're doing in order to enhance the participation of females in the company first of all it's about policies, having the right policies, having the right infrastructure so... |
Holcim Philippines uses cigarettes as fuel27 November 2017, Published under Cement NewsCigarettes seized due to excise tax liability will now be used as a fuel by Holcim Philippines. The 9496 cases of cigarettes worth PHP142.4m (US$2.8m) will be burnt over the course of 15 days, according to SunStar. The Department of Finance has allowed their use as an alternative fuel by Holcim Philippines Davao. "I would like emphasize that this is not the last incineration that will happen. All tobacco products found to have been produced without its manufacturer paying the correspondin... |
Holcim Philippines to invest US$54m in the next 2 years28 July 2017, Published under Cement NewsHolcim 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 growth30 June 2017, Published under Cement NewsCement 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 ... |