Cement News tagged under: Holcim Philippines

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Holcim Philippines to tap debt market

27 May 2013, Published under Cement News

Holcim Philippines is considering the debt market to fund its new US$450-550m cement plant in Norzagaray, Bulacan, the company's chief has said. Speaking to local press, Eduardo Sahagun, president and CEO, said that part of the funds to construct a 2.5Mta plant will come from internally generated income while the bulk will come from the debt market, most likely from local sources. The company will decide how much to raise during the fourth quarter of this year.  “We have no debt at the...

Holcim Philippines gets go-ahead for new plant

09 May 2013, Published under Cement News

Holcim Philippines has received approval from its Swiss parent company to construct a US$550m cement plant in Bulacan, to support brisk private and public-sector investment. Speaking to local press, the company's CEO, Ed Sahagun, said the new plant will have a capacity of 2.5Mta and is expected to come on-stream in 2016.  “The timing of the construction of new plant is perfect because the country is doing well in a lot of aspects,” Mr Sahagun said. The company is currently resuming oper...

DTI requests further information on Philippine pricing

06 May 2013, Published under Cement News

Philippine cement producers have until next week to provide the Department of Trade and Industry (DTI) with further information explaining reasons behind their higher selling prices. Last month the DTI asked Holcim Philippines, Lafarge Republic Inc, Cemex Philippines and Eagle Cement Corp to explain why cement is being sold above the recommended retail price of PHP205-PHP210/bag. Trade undersecretary Zenaida Maglaya has since told The Philippine Star that while three of the four cement...

DTI probes Philippine cement price hike

09 April 2013, Published under Cement News

The Department of Trade and Industry (DTI) has asked Philippine cement manufacturers to explain why prices have risen from a year ago and are above the suggested retail price (SRP). Trade undersecretary Zenaida Maglaya cited Holcim Philippines Inc which has raised its selling price to PHP218/bag (US$5.3) from PHP195 (US$4.7) last year. Similarly, Lafarge Republic and Cemex both raised their selling prices to PHP220/bag from PHP205 and PHP195/bag, respectively, Maglaya told reporters afte...

Holcim Philippines sees surge in full-year net profit

28 February 2013, Published under Cement News

Holcim Philippines has reported an 80 per cent YoY rise in net profit as it gains from improvements in operating and process efficiencies as well as a strong rebound in local demand. Net profit for the 12 months to the end of December 2012 climbed to PHP3.63bn from PHP2.03bn the year before. Revenues also rose 25.62 per cent from PHP21.62bn to PHP27.16bn. The company’s chief executive officer Eduardo Sahagun said that 2012 was one of the domestic industry’s best years, as overall growt...

Philippines: strong cement sales expected in 2013

08 January 2013, Published under Cement News

The Philippine cement sector is looking forward to higher sales this year as private sector projects and increased government spending on infrastructure are expected to continue driving drive demand. “2013 is going to be a strong year for sales,” Ernesto Ordoñez, president of the Cement Manufacturers’ Association of the Philippines told the Philippine Star. Mr Ordoñez said that higher sales would be supported by the government’s plan to spend more for infrastructure projects. “Th...

Holcim sells stake in power generation subsidiary, Philippines

04 January 2013, Published under Cement News

Trans-Asia Oil and Energy Development Corp (TA Oil) has acquired the stake of partner Holcim Philippines Inc in a power plant in Bulacan province. In a disclosure to the Philippine Stock Exchange, TA Oil said that it "signed a share purchase agreement for the purchase by Trans-Asia of Holcim's 50 per cent stake in Trans-Asia Power Generation Corporation." The deal gives Trans-Asia full ownership of the power firm. Prior to the conclusion of this transaction, Holcim was in a joint ventu...

Holcim Philippines to boost cement capacity

31 October 2012, Published under Cement News

Holcim Philippines has announced that it is planning to invest US$350m-450m in a new 2Mta cement plant to meet long term domestic market needs. Speaking at a press briefing, Holcim Philippines COO Roland van Wijnen said that the company has been in the process of increasing its capacity in line with recent strong gains in local consumption. It has begun reactivating its idle facilities beginning with its terminal in Calaca, Batangas last year and its grinding plant in Mabini will be operati...

CeMAP’s solid waste management efforts, Philippines

05 October 2012, Published under Cement News

The Cement Manufacturers’ Association of the Philippines cited the effectiveness of partnership in co-processing waste following the success of its solid waste management project in Teresa, Rizal. “Co-processing waste is a service that is offered by many of CeMAP members and the technology has effectively worked while keeping the same levels of quality of the cement produced,” said CeMAP president Ernesto Ordoñez. “The waste materials included are primarily plastics and combustible resi...

Holcim Philippines names new CEO

12 September 2012, Published under Cement News

Holcim Philippines Inc has announced the appointment of Filipino executive Eduardo Sahagun as its new chief executive officer, effective 1 January 2013. The current president, Magdaleno Albarracin Jr. and expatriate chief operating officer Roland van Wijnen will step down on 31 December and 31 January 2013, respectively.   “There is no doubt that Ed is the right man to lead Holcim Philippines at this time …  (he) has certainly contributed much towards helping shape Holcim Philippines t...