Cement News tagged under: Philippines

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CASEC to increase stake in CEMEX Philippines

27 January 2023, Published under Cement News

CEMEX Asian South East Corp (CASEC) is increasing its stake in CEMEX Holdings Philippines Inc (CHP) from 77.89 per cent to 89.86 per cent by acquiring an additional 11.97 per cent through a PHP2.1bn (US$38.5m) tender offer, reports Manila Bulletin. In a disclosure to the Philippine Stock Exchange (PSE), CEMEX said the tender offer will reduce its public float from the current 22.11 per cent to 10.14 per cent, However, it noted that the tender offer is not being made with the intention ...

CEMEX Phillipines and Manila Water Co collaborate on sustainability

18 January 2023, Published under Cement News

CEMEX Holdings Philippines (CHP) has signed a Memorandum of Understanding (MoU) with Philippines-based Manila Water Co to collaborate on sustainability initiatives. Under the MoU both parties will look to accelerate their sustainable objectives on circular economy through the use of biosolids as alternative fuels, reports Manila Bulletin. They will also explore partnering on innovations in sustainable products and services, protection and rehabilitation of biodiversity, and clean energy an...

Holcim Philippines embrace drones and digitalisation for maintenance

16 January 2023, Published under Cement News

Holcim Philippines has started to harness advanced technology as part of its regular maintenance programme in plants and manufacturing sites. Drones inspect the La Union facility in Bacnotan, allowing the operator to take notes of maintenance actions to be taken. Using drones for regular and periodic maintenance has eliminated health and safety risks from having people conduct visual inspections in remote spaces. The drone also allows for higher frequency of checks and reduces equipment ...

CEMEX Philippines' low-carbon cements get government approval

05 January 2023, Published under Cement News

CEMEX Philippines has become one of only three cement companies in the country to be given accreditation and authorisation to have its blended hydraulic cement Type IT used in government infrastructure projects, reports Inquirer.net. According to an announcement by the Department of Public Works and Highways (DPWH), blended hydraulic cement Type IT can be used in public works as long as it has the requisite certification in accordance with PNS 63:2019, and must be utilised according to DPW...

DTI imposes definitive anti-dumping duty on Vietnam exporters

30 December 2022, Published under Cement News

The Cement Manufacturers Association of the Philippines (CeMAP) welcomed the imposition of definitive anti-dumping duties against cement imports from Vietnam, according to a report in the Manila Bulletin. In a statement, CeMAP reiterated its view that there is sufficient domestic capacity to serve local demand for cement. It claimed that even without cement imports, the domestic industry is highly competitive with 14 integrated cement plants operating in the country, with further capacity...

Philippines imposes duties on Vietnam cement imports

22 December 2022, Published under Cement News

The Philippines’ Department of Trade and Industry (DTI) has imposed duties on cement imports from Vietnam for five years. In a department order dated 16 December 2022, Trade Secretary Alfredo E Pascual said dumping of ordinary Portland cement Type 1 and blended cement Type 1P from Vietnam in the country poses an "imminent threat of material injury to the domestic cement industry". The move comes after the DTI reviewed the final report of the Tariff Commission (TC) regarding its invest...

Eagle Cement delists from Philippine Stock Exchange

01 December 2022, Published under Cement News

Eagle Cement Corporation has gained the approval of its shareholders to delist from the Philippine Stock Exchange (PSE). According to the company, not one shareholder voted against the proposal. “Therefore, as stated in the Definitive Information Statement distributed in relation to such request for stockholders’ approval via written assent, the voluntary delisting of the corporation from the PSE has been approved by the stockholders as of the date hereof,” Eagle Cement said in a state...

Vicem signs agreement to export 6Mt to the Philippines

25 November 2022, Published under Cement News

Vietnam Cement Industry Corp (Vicem) has signed an agreement with Fenix (CEZA) International Inc and Gold Falcon Trading Corporation to export 6Mt of cement and clinker to the Philippines in 2023-25, reports Vietnam News Brief Service. Vicem currently operates 10 cement plants with a total production capacity of over 25Mta of cement and 21Mta of clinker. Its sales reportedly account for almost 33 per cent of Vietnam’s total cement and clinker sales and 23 per cent of its exports. Eac...

Holcim Philippines posts loss as expenses rise

14 November 2022, Published under Cement News

Holcim Philippines has reported a 6.93 per cent increase in total revenue to PHP6.94bn (US$121.17m) in the third quarter of 2022, up from PHP6.49bn in the same period a year earlier. Despite this, the company posted a net loss of PHP173.28m in the 3Q22, down from a profit of PHP669.26m in the 3Q21. According to the company, this was due to higher expenses with its gross expense increasing by 13.3 per cent from PHP5.62bn to PHP6.37bn over the same period. Revenue for the opening nine mon...

Philippines producers lose appeal to extend import duty

18 October 2022, Published under Cement News

The Tariff Commission (TC) in the Philippines has declined an appeal by local cement producers to extend the customs duty on imported cement. According to the Manila Bulletin, the three-year customs duty designed to safeguard the local industry from imports is due to expire in October 2022. Although the Cement Manufacturers Association of the Philippines (CeMAP) lodged a request with the TC to extend the tariff, the request was denied as the TC found that there was “no imminent threat” from ...