Cement News tagged under: Philippines

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Premiere-Slag International to receive investment for plant project

11 September 2019, Published under Cement News

Philippine-based AbaCore Capital Holdings Inc has announced a plan to invest up to PHP102m (US$1.9m) in Premiere-Slag International Inc to build and operate a cement plant. In a disclosure on Monday, the holding company said the investment translated to a maximum of a 10 per cent stake in Premiere-Slag, which "will operate a production facility to process and sell cement, or cement mixed with components." The unit is expected to be constructed on a 30,117m 2 site in Mabini town, Batanga...

San Miguel's acquisition of Holcim Philippines undergoes further review

09 September 2019, Published under Cement News

The Philippine Competition Commission (PCC) is conducting a further review of the US$2.15bn acquisition of Holcim Philippines by San Miguel Corp. As the initial 30-day review of the deal ended on 22 August, the PPC will now proceed to the 60-day Phase Two review. “Cement is a commodity with low product differentiation where brands undergo the same quality standards. While the transaction is national in scope, the initial review shows that geographic markets by region affect retailers and ...

APO Cement agrees to change truck delivery times

06 September 2019, Published under Cement News

Cemex Philippines' APO Cement plant has agreed to stop the movement of its delivery trucks during peak hours of the day to help address the traffic problem in Naga City, according to Gwendolyn F Garcia, Cebu Governor. The cement producer agreed to change its routines following a meeting when it was decided Cemex could adjust transport operations between 07.00-09.00hrs and 13.00-19.00hrs to avoid obstructing traffic along the national highway. "I said we've been having so many meetings… and...

Philippines announces new duty on imported cement

04 September 2019, Published under Cement News

The Philippines’ Department of Trade and Industry (DTI) will impose a general safeguard duty on imported cement for a three-year period to protect domestic product. The measure will take effect 15 days after the announcement made on Tuesday. "We are deciding on the imposition of definitive safeguard duty of PHP250/t (US$4.8/t) or PHP10/40kg bag for the first year of the implementation to encourage and challenge the local cement industries to be globally competitive," said the DTI in a sta...

DTI reports that cement prices remain stable

30 August 2019, Published under Cement News

Cement prices in the Philippines are holding firm despite some rumours of cement shortages, says the Department of Trade and Industry Regional Consumer Protection Division and Provisional Office (DTI). The wholesale price of a 40kg bag of cement is being sold at around PHP222 (US$4.26) and the retail price is being set at around PHP230-235. In January 2019, the DTI reported that retail prices of cement ranged from PHP220-230 in Bulacan, PHP220-250 in Nueva Ecija, PHP227-240 in Batan, PHP230...

Lugait Cement plant upgrades to meet Mindanao's rising demand

16 August 2019, Published under Cement News

Holcim Philippines, Inc (LafargeHolcim group) is preparing to start work on the modernisation of its Lugait Cement plant in Misamis Oriental as it expects continued growth in Mindanao demand. Mindanao's cement demand comes not just from the two primary cities of Davao and Cagayan de Oro, but also from Zamboanga, Dipolog, Butuan, and other secondary cities. "For so long, Visayas demand has always been bigger than Mindanao’s. But for the last three years, we are now bigger than Visayas," sai...

Eagle Cement Corp announces 44% rise in net profit

07 August 2019, Published under Cement News

Philippines-based Eagle Cement Corp has announced a 44 per cent YoY rise in net profit for the first six months of 2019 to PHP8.2bn (US$156.7m), while also reporting a 21 per cent increase in sales volume and higher selling prices. In the 2Q19 net income surged 39 per cent to PHP1.7bn and revenues showed 22 per cent growth to PHP5.1bn. "We will continue to leverage on the growing [demand for] local cement, led by the private sector, and supported by the infrastructure push of the gover...

Holcim Philippines sees 28% fall in sales for 2Q19

01 August 2019, Published under Cement News

Holcim Philippines has reported a 17 per cent YoY fall in net attributable profit to PHP716.15m (US$13.98m) for the 2Q19, while sales dropped 28 per cent to PHP7.28bn. In the first half of 2019, attributable profit declined nine per cent to PHP1.42bn and sales decreased 18 per cent to PHP15.38bn. However, EBITDA advanced 9.5 per cent to PHP3bn. "We continued to deliver value to our customers and shareholders by sustaining actions to manage our costs and improve operational efficiency de...

Holcim Philippines completes Davao expansion

11 July 2019, Published under Cement News

Holcim Philippines has completed its 0.7Mta expansion project at its Davao facility, which has been undertaken to support the strong construction activity in Mindanao, according to a press release. "Our company is determined to continue supporting the development of Davao and the rest of Mindanao. These initiatives strengthen our ability to contribute to the progress of the region at this time of robust growth," said John Stull, CEO. The expansion involved the activation of a finish mill...

Big Boss Cement withdraws from Tarlac project

10 July 2019, Published under Cement News

Philippines-based Big Boss Cement has pulled out of its plans to construct a grinding unit worth PHP6bn (US$116.5m) in Bamban, Tarlac, following protests by some of the town’s residents. The protesters were reportedly concerned that the plant would pose health risks to the community, according to the Philippine Daily Inquirer. "Upon learning that the people in Bamban had contested its project, Big Boss Cement backed out," said Bamban Mayor, Jose Feliciano. Mr Feliciano also noted some of h...