Cement News tagged under: Philippines

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Republic Cement teams up with fast food giant to tackle plastic waste

06 February 2024, Published under Cement News

Republic Cement is working alongside fast food giant Jollibee Foods Corp (JFC) to reduce plastic packaging waste. Under the agreement, JFC will recover its post-consumer plastic packaging waste and rather than sending it to landfill, it will be sent to Republic Cement where it will be used as an alternative fuel. According to Philstar, the deal includes JFC’s wholly-owned brands in the Philippines as well as its franchised brands, including Burger King.  “Republic Cement provides a ver...

SMC posts 141% YoY rise in income

15 November 2023, Published under Cement News

Philippines-based San Miguel Corp (SMC), which owns Eagle Cement Corp , Northern Cement Corp and Southern Concrete Industries , has recorded net income of PHP31.2bn (US$556.7m) in the first nine months of 2023, up 141 per cent from the PHP12.9bn seen in the same period a year earlier. Consolidated revenue over the same timeframe declined five per cent to PHP1.1trn, reports Manila Bulletin, while consolidated operating income expanded 29 per cent YoY to PHP110.2bn, aided by a stronge...

Holcim Philippines posts 4% decline in net sales in 9M23

14 November 2023, Published under Cement News

Holcim Philippines has posted a 105 per cent YoY rise in net income to PHP999.4m (US$17.82m) in the first nine months of 2023, compared to PHP487.9m in the same period a year earlier. However, over the same timeframe net sales declined four per cent to PHP18.4bn from PHP19.1bn in the 9M22, reports Manila Bulletin. The fall is being attributed to poor cement demand as a result of subdued construction activity and unfavourable weather conditions. Operating EBITDA fell five per cent YoY from ...

Holcim signs power agreement with Berde Renewables

31 October 2023, Published under Cement News

Holcim Philippines has signed a power purchase agreement with Berde Renewables, a distributed energy platform of I Squared Capital. Holcim will use solar rooftop projects on its Bulacan and La Union plants with a combined capacity of 5.5MWp and an annual generation of approximately 7.8GWh. Holcim Philippines president and CEO, Horia Adrian, said the project is a significant decarbonisation milestone, “reducing our carbon footprint by more than 20 percent since 2018, with our focus o...

CEMEX Philippines makes impressive debut on S&P's sustainability index

16 October 2023, Published under Cement News

CEMEX Philippines has been placed in the top 25 per cent of the construction materials industry in the S&P Global Corporate Sustainability Assessment (CSA) for 2022. Marking the first time the company has taken part in the CSA, the result puts the company above the industry average for its environmental, social and governance (ESG) indicators as well as its economic performance. According to The Philippine Star, the cement producer scored particularly well in the areas of talent attract...

Taiheiyo to build new terminal in Philippines

22 August 2023, Published under Cement News

Japan-based Taiheiyo Cement Corp (TCC) will build a new cement terminal in Calaca, Batangas, Philippines, to enable the company to serve the Luzon market from its pant in San Fernando, Cebu. Taiheiyo Cement Philippines Inc (TCPI) will build and operate the planned hub to distribute its Grand-branded cement products, according to TCC President and Representative Director, Masafumi Fushihara. The 0.7Mta project is the next step in serving a market that TCPI has estimated to have increase...

Nickel miner FNI to diversify into cement

30 June 2023, Published under Cement News

Philippines-based nickel miner, Global Ferronickel Holdings Inc (FNI), is reportedly looking to expand into the cement industry, adding to its existing nickel and ports businesses. According to Malaya Business Insight, the company is hoping to tap into the significant growth potential of the construction and infrastructure sectors. FNI is also looking to establish a battery-grade nickel plant and a steel plant to take advantage of the current opportunities in the renewable energy and electr...

Holcim Philippines to delist from Philippine Stock Exchange

30 June 2023, Published under Cement News

Holcim Philippines is voluntarily delisting from the Philippine Stock Exchange (PSE) after its major shareholder Holderfin BV acquired additional Holcim shares from Sumitomo Osaka Cement. The deal resulted in Holcim’s public float falling to 5.05 per cent, below the required 10 per cent minimum for listed firms.  In the deal, which was completed on 29 July, Holderfin purchased 594.9m common shares from Sumitomo Osaka, equivalent to 9.22 per cent of the company’s outstanding capital sto...

Republic Cement works with landfill company to divert waste

19 June 2023, Published under Cement News

Pilotage, a sanitary landfill located in San Pedro, Laguna, Philippines, is adopting innovative segregation and diversion techniques to recover valuable materials, including recyclable plastics, metal and tin cans, glass bottles, and residual plastic waste, from the waste stream. This waste is then diverted to the appropriate recycling facilities or for co-processing at cement plants. In early April Pilotage resident Dan Miranda visited Republic Cement ’s Teresa plant to further und...

Holcim Philippines’ PLC offering

05 June 2023, Published under Cement News

The introduction of Holcim Philippine’s brand of Portland limestone cement (PLC) to the domestic construction market is an important step in the local cement industry’s strides towards a low-carbon economy. The company is leading the way with this greener cement offering, which includes a range of benefits in terms of durability and versatility. By Kandy Icy Minano, Holcim Philippines. Figure 1: Holcim Optimo in different packaging – bulk, 1t and 40kg bag (© Holcim) The continuo...