Cement News tagged under: Philippines
Republic Cement's ecoloop diverts residual waste to co-processing28 August 2024, Published under Cement NewsRepublic Cement 's resource recovery group ecoloop reported that it successfully diverted 21.4bn plastic sachets in 2023, equivalent to 110,000t of residual waste used, as alternative fuel in the company’s co-processing operations for cement manufacturing. For the year 2023, Republic Cement said that it had utilised over 670,000t of residual waste in its overall cement manufacturing process, including other alternative fuels such as biomass and refuse-derived fuel. This is the largest a... |
First Gen Corp agrees to supply geothermal energy to Holcim Philippines' plants19 August 2024, Published under Cement NewsFirst Gen Corp, a Philippines-based renewable energy company, has been chosen by Holcim Philippines to supply electricity from a geothermal energy source to power Holcim’s Mindanao manufacturing plants. As part of the agreement, First Ten will provide Holcim with electricity from Energy Development Corp’s geothermal plant in North Calabato to fulfil 22 per cent of the power requirements of the cement manufacturers units in Bunawan, Davao City and Lugait, Misamis Oriental. Holcim ha... |
Holcim Philippines appoints new president and CEO05 August 2024, Published under Cement NewsNicolas George has been appointed as the new president and chief executive officer of Holcim Philippines . Mr George, who took up the role on 1 August 2024, takes over from Horia Adrian, who will become the head of decarbonisation for the Holcim Group in the Asia, Middle East and Africa region after more than three years as the head of Holcim Philippines. Prior to his new appointment, Mr George served as CEO of Holcim Group’s operations in Algeria. He started working at the company as a... |
Taiheiyo Cement Phillipines inaugurates Cebu plant22 July 2024, Published under Cement NewsA PHP12.8bn (US$219.25) cement plant has been opened in San Fernando, Cebu, in the Philippines by Japan-based Taiheiyo Cement . The inauguration marks a substantial investment for Taiheiyo Cement Philippines Inc (TCPI) and the country’s infrastructure ambitions. “Taiheiyo’s new San Fernando plant will increase the Philippines’ cement production by 3Mt annually, reducing our dependence on imports,” Trade Secretary Alfredo Pascual announced. “This investment aligns with the government’... |
Cemex Philippines begins its integration with DMCI18 July 2024, Published under Cement NewsDMCI Holdings Inc is gradually integrating its business with cement producer Cemex Holdings Philippines Inc , initially through the company’s power unit. In a stock exchange filing on Monday, 15 July, Cemex announced that its subsidiary, APO Cement Corp , has signed a retail supply agreement with SEM Calaca RES Corp, the retail power supply arm of Semirara Mining and Power Corp. According to Cemex, the contract will lapse on 25 December 2024. A source close to the deal said the ag... |
New power supply agreement promises reduced costs for Cemex Holdings Philippines17 July 2024, Published under Cement NewsCemex Holdings Philippines (CHP) announced on Monday, 15 July that its subsidiary, Apo Cement Corp , has signed a supply contract with Semirara Calaca Reserve Corp to provide 44MW of electricity for Apo’s cement plant in Naga, Cebu . Led by Isidro A Consunji, DMCI Holdings Inc bought CHP earlier this year for US$305.6m, looking to turn a profit after a PHP2bn (US$34.24m) loss in 2023. CHP subsidiaries Apo Cement and Solid Cement agreed for the assignment of trademarks with Cemex ... |
Apo and Solid Cement repurchase brands from CEMEX17 June 2024, Published under Cement NewsCemex Holdings Philippines (CHP) disclosed that APO Cement and Solid Cement have repurchased the cement brands from their Switzerland-based sister firm, Cemex Innovation Holding (CIH). The deal with the Consunji family cost US$12.55m. APO Cement, operating from Naga, Cebu, acquired the Apo Cement brand for US$8.2m, while Solid Cement, which has a plant in Antipolo, paid US$4.53m for the Rizal and Island trademarks. The Island and Rizal brands, established in 1930, are primarily sold to ... |
PHINMA Corp to acquire Petra Cement for PHP500m22 May 2024, Published under Cement NewsPhilippines-based PHINMA Corp announced it will acquire Petra Cement Inc for PHP500m (US$8.6m). The conglomerate signed a purchase agreement through its subsidiary Philcement Corp on 20 May, it said in a stock exchange disclosure. "This is aligned with Philcement's growth strategy and its promise to assure Filipino consumers with reliable, high quality supply of cement products under its legacy brand, Union Cement," PHINMA Corp. said. The acquisition follows the manufacturing and s... |
Phinma to invest in PHP2bn Davao plant02 May 2024, Published under Cement NewsPhilippines-based Phinma Corp plans to invest approximately PHP2bn (US$34.7m) in a new cement plant in Davao to further consolidate its presence in the cement market. "We’re putting up our Davao plant which is almost similar to Mariveles plant. That is in joint venture with some of our partners in Davao,” Philcement Corp President and CEO, Eduardo Sahagun, said. “That will bring our total capacity to somewhere like 5Mta if all those things will be completed in a couple of years,” he added.... |
CEMEX divests assets in Philippines29 April 2024, Published under Cement NewsCEMEX has announced that its subsidiary, CEMEX Asia BV, has signed an agreement with DACON Corp, DMCI Holdings Inc and Seminara Mining and Power Corp for the sale of its operations and assets in the Philippines. Once closed, this transaction will further advance CEMEX’s portfolio rebalancing strategy. The assets to be sold by CEMEX Asia BV include 100 per cent equity interest in CEMEX Asian South East Corp, which owns approximately 89 per cent of CEMEX Holdings Philippines Inc (CHP)... |