Cement News tagged under: Philippines

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DG Khan Cement wins export orders from the Philippines

09 July 2020, Published under Cement News

DG Khan Cement Company Ltd has procured cement export orders from the Philippines. The order was confirmed by a Pakistan government adviser. "Congratulations to DG Khan Cement for making a breakthrough in winning orders for export of cement to the Philippines. This follows on their success in China," said Adviser to Prime Minister on Commerce, Abdul Razak Dawood, in a tweet on Wednesday. "Once market reach extends, then market share will increase. Increasing geographical diversification i...

Petra Cement starts commercial operation of Gebr Pfeiffer mill

07 July 2020, Published under Cement News

Petra Cement Inc of the Philippines successfully brought on line in early December a Gebr Pfeiffer ready2grind system, on the Mindanao archipelago and more precisely in the region of the Zamboanga Peninsula. The plant is now in commercial operation. The order was a greenfield project, in which the geographical circumstances in the Philippines had to be taken into account during the initial stage of planning. These were the rainfalls varying with the seasons and producing constant tropical p...

Holcim Philippines appoints new VPs

29 June 2020, Published under Cement News

Holcim Philippines has appointed Edwin Villas as senior vice president logistics after Mr Villas served as officer-in-charge of the department since 2019 concurrent to his role as vice president for sales, Greater Manila Region and South Luzon. He previously held senior Sales leadership roles and served in Procurement and Internal Audit. Villas is a Certified Professional for Supply Management, Certified Information System Auditor and holds a degree in computer science. He also completed the...

Southeast Asia’s capacity conundrum

09 June 2020, Published under Cement News

Southeast Asia’s vibrant cement industry faces a serious but not insurmountable challenge from the current COVID-19 pandemic. In the long-run, structural overcapacity will be the key force of change, as it exerts pressure on business models, forces consolidation and calls time on new capacity. Figure 1: ASEAN GDP growth rates, 2019A-2021F Southeast Asia, which in this article relates primarily to the 10 nations making up the Association of South East Asian Nations (ASEAN) includ...

Big Boss Cement orders ready2grind plant

28 May 2020, Published under Cement News

Big Boss Cement cement plant in Pampanga province, Philippines, has ordered a ready2grind modular plant with a four-roller vertical roller mill from Gebr Pfeiffer. The ready2grind 2500 plant for cement grinding, is currently under construction and will produce cement in Porac, near Angeles City in Central Luzon region. The selected plant type reaches a capacity of about 70tph for a cement with a specific surface area of 4000cm²/g, according to Blaine. In addition to the grinding plant, the...

Eagle Cement Corp net profit falls 25% in 1Q20

15 May 2020, Published under Cement News

The Philippines' Eagle Cement Corp saw a 25 per cent YoY fall in first quarter net profit to PHP1.2bn (US$23.6m) as construction activities were halted in mid-March as part of measures to curb the coronavirus pandemic. Eagle’s net sales contracted by 16 per cent YoY to PHP4.5bn in the first three months. Cash flow fell by 14 per cent to PHP1.7bn. Prior to the enhanced community quarantine (ECQ) in mid-March, Eagle reported growth in sales volume during the quarter. Paul Ang, Eagle Cement C...

Vietnam's cement exports to China drop 5% in 1Q20

12 May 2020, Published under Cement News

China was the largest market for Vietnamese cement imports in the first quarter of 2020, importing 2.73Mt worth US$96.92m, according to the latest data from the General Department of Vietnam Customs. This was down 5.4 per cent and 13.3 per cent YoY in volume and value, respectively, but still accounted for 35.3 per cent of Vietnam’s export volumes during the quarter. The Philippines imported 1.47Mt worth US$69.09m in the 1Q20, declining 27.5 per cent YoY in volume and 32.3 per cent in val...

San Miguel Corp sale transaction lapses

11 May 2020, Published under Cement News

In May 2019 LafargeHolcim signed an agreement with San Miguel Corp for the sale of its entire 85.7 per cent shareholding in Holcim Philippines Inc, subject approvals, including those required by the Philippines Competition Authority (PCC).   The PCC did not issue an approval of the transaction within the required time period and consequently the agreement lapsed.   With today's unprecedented COVID-19 crisis, Holcim Philippines' number-one priority is to protect the health of its people while...

Cemex Philippines sees net sales fall 10%

05 May 2020, Published under Cement News

Cemex Holdings Philippines Inc announced that net sales decreased by 10 per cent during the 1Q20, versus the 1Q19, amounting to PHP5.6bn (US$110.7m). Domestic cement volumes decreased by four per cent versus 1Q19. An eight per cent increase in volumes during the first two months of the year was offset by the effects of the Enhanced Community Quarantine in Luzon and other quarantine measures around the country during the second half of March 2020. CHP’s domestic cement prices fell by six pe...

Holcim Philippines sees 29% fall in net profit

04 May 2020, Published under Cement News

Holcim Philippines has reported a 28.7 per cent fall in its net profit to PHP501.54m (US$9.93m) for the first quarter of 2020, compared to PHP703.86m in the year-ago period. Net sales also declined 10 per cent to PHP7.27bn due to lower prices and volumes, especially in March. "Like the rest of the country, our company was significantly affected by the COVID-19 pandemic and the government's efforts to address it," said John Stull, Holcim Philippines President and CEO. The company had ...