Cement News tagged under: Philippines
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)... |
Holcim Philippines and Megawide renew supply contract19 March 2024, Published under Cement NewsHolcim Philippines has renewed its supply agreement with infrastructure conglomerate Megawide Construction Corp. Under the terms of the agreement, Holcim will supply the cement requirements of Megawide’s Precast and Construction Solutions (PCS) projects across the island of Luzon in 2024. This partnership is a continuation of a collaboration between Holcim and Megawide that began in 2016. “With our renewed supply agreement with Holcim Philippines Inc, Megawide has reinforced its linkag... |
DCMI in talks to acquire CEMEX Holdings Philippines18 March 2024, Published under Cement NewsPhilippines-based D M Consunji Inc (DCMI), an engineering-based construction firm, is looking to expand into the cement business with the potential acquisition of CEMEX Holdings Philippines (CHP). According to The Philippine Star, the acquisition is seen as benefitting DCMI as cement is a key input in some of its major businesses. It could also help mange the costs of its property arm. Although there has been no confirmation of when a deal could be completed, both DCMI and CHP are repo... |
CEMEX Holding Philippines addresses plastic waste14 March 2024, Published under Cement NewsCEMEX Holdings Philippines Inc has teamed up with Liwayway Marketing Corp to address the management of plastic waste in the Philippines. Under the deal, Liwayway Marketing Corp, the country’s leading snack food supplier, will be channeling its post-consumer plastic packaging waste to CEMEX’s Solid cement plant for co-processing. The plastic waste will then be converted into alternative fuels and raw materials cement production at the plant. “At CEMEX, we are committed to solving envi... |