Cement News tagged under: Holcim Philippines
Holcim Philippines net quarter down 7.5% YoY10 August 2015, Published under Cement NewsHolcim Philippines Inc said Monday second-quarter net profit was down 7.5 per cent YoY, hurt by rising expenses. Holcim said the April-June quarter net profit declined to PHP1.5bn (US$33.5m) from PHP1.65bn in the year-earlier period. Second-quarter revenue rose 6.8 per cent YoY to PHP9.42bn, around half the pace of the 12 per cent YoY increase in expenses to PHP7.29bn. In the first half, net profit was down 8.9 per cent YoY to PHP3.03bn even as revenue increased 7.3 per cent to PHP18.10... |
Holcim Philippines has PHP2bn capex plan01 May 2015, Published under Cement NewsHolcim Philippines Inc will set aside PHP2bn (US$44.8m) for its capital expenditures (capex) this year to boost capacity in a bid to meet rising demand amid sustained construction activity nationwide. The company noted that government spending for infrastructure, the expansion of the private commercial, residential and industrial developments and the increased pace of public-private partnerships (PPP) will provide greater opportunities for the company. Holcim Phillipines will increase its... |
Holcim Philippines income and revenues rise 13% YoY26 February 2015, Published under Cement NewsHolcim Philippines posted another record performance last year with a double-digit rise in sales on the back of strong and private infrastructure spending. The company said that its net income rose by 13 per cent to PHP5.14bn from the previous year’s PHP4.55bn. Revenues also advanced 13 per cent to PHP32.64bn from last year’s PHP28.89bn, the company said. “The healthy economy continues to provide opportunities for our business to thrive. Last year, with the sustained construction boom, ... |
Three Holcim Philippines plants receive energy efficiency accolade05 February 2015, Published under Cement NewsThree cement plants owned by Holcim Philippines have been commended by the Department of Energy (DOE) for their respective energy saving initiatives. The Bulacan facility received its third consecutive Outstanding Award under the Don Emilio Abello Energy Efficiency Awards. The Lugait works in Misamis Oriental achieved its first Outstanding Award, while Holcim's Bacnotan, La Union plant received a citation. A total of 91 companies were recognised at the awards held in December. Holcim Ph... |
Holcim Philippines board gives nod for Lafarge talks29 October 2014, Published under Cement NewsHolcim Philippines’ board of directors have authorised the company to “consider and negotiate the purchase” of Lafarge’s shares in Lafarge Illigan Inc, Lafarge Mindanao and Lafarge Republic Aggregates, Holcim said in a disclosure to the local stock exchange. Also included is Lafarge's stake in Star Terminal at the Harbour Centre in Manila, and "such other specific assets or contracts as may be identified or negotiated between the parties." Holcim President and CEO Eduardo A Sahagun told... |
Strike threat at Holcim Bulacan cement plant eased22 September 2014, Published under Cement NewsPotential disruption at Holcim Philippines’ Bulacan plant has eased following fruitful conciliation talks facilitated by a team of conciliators from the National Conciliation and Mediation Board (NCMB) and the Office of the Department of Labor and Employment (DOLE) secretary Rosalinda Dimapilis-Baldoz. In a report filed yesterday to Baldoz, NCMB executive director Reynaldo, R Ubaldo, said that Regional Conciliation and Mediation Branch III director, Maria Teresita L Cancio, facilitated the... |
Holcim Philippines 1H14 net profit up on strong sales29 July 2014, Published under Cement NewsHolcim Philippines booked a net profit of PHP3.32bn (US76.5m) in the first half of 2014, up 8.7 per cent compared to the same period of last year. The country’s largest cement producer registered record sales as construction activity went into full swing during the summer months. Second-quarter revenues rose YoY by 8.5 per cent to PHP1.8bn. “On top of the sustained government and private sector spending, we now see some major Private-Public Partnership projects being implemented in the ... |
Record profits for Holcim Philippines21 February 2014, Published under Cement NewsHolcim Philippines registered record earnings and sales last year amid strong market conditions and effective cost management. Meanwhile, the company has said it will delay the construction of a new cement plant in Bulacan as its Swiss parent reorganises regional operations. “Our company benefited from the good business environment, which has allowed the construction boom to persist and cement demand to thrive. Credit should also go to our people, who did their part in attaining this recor... |
Philippines: cement prices start to rise04 February 2014, Published under Cement NewsLocal cement manufacturers raised prices from 1 February 2014 by an average of PHP8/40kg (US$0.17/40kg) bag of cement to PHP220 (US$4.85) from PHP212 (US$4.67) per bag amid strong demand for cement on huge government infrastructure projects on top of buoyant construction activities from the private sector. Cemex Philippines was the first to implement the price increase as part of its scheduled annual price rise. The two other multinational players, Lafarge Republic Inc and Holcim Philipp... |
Holcim Philippines, lnc. scoops environmental award31 December 2013, Published under Cement NewsHolcim Philippines, Inc. received eight awards at the Annual National Mine Safety and Environment Conference (ANSMEC) Awards Nights, including the highest honour for excellence in environmental management, safety and health, and social and community development. Holcim Philippines’s plant in Lugait, Misamis Oriental received the Presidential Mineral Industry Environmental Award (PMIEA), while the company’s facilities in Bacnotan, La Union Norzagaray, Bulacan and Davao City received Platinu... |