Cement News tagged under: Philippines
Holcim Philippines sees 29% fall in net profit04 May 2020, Published under Cement NewsHolcim 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 ... |
Holcim Philippines funds local hospitals in COVID-19 fight04 May 2020, Published under Cement NewsTo contribute to the Philippine's fight against COVID-19, Holcim Philippines Inc is donating part of its corporate citizenship budget for funds towards medical supplies for hospitals assigned to treat coronavirus patients and relief items to its affected communities. The company has allocated a substantial share of the budget for corporate citizenship programme Holcim Helps to buy protective equipment such as surgical masks, respirators and face shields to be donated to the Lung Center of ... |
Eagle Cement donates food packs to Bulacan residents10 April 2020, Published under Cement NewsPhilippines-based Eagle Cement has donated food packs to the residents of Bulacan, amidst the quarantine period in place due to the COVID-19 pandemic. With the assistance of the armed forces, volunteers and the local government of San Ildefonso, the company distributed thousands of food packs containing rice and canned goods to 20 barangays in San Ildefonso and Dona Remedios Trinidad. Apart from food packs, vitamins and other medicine were also distributed to residents who are most in ... |
Holcim Philippines closes Davao cement plant06 April 2020, Published under Cement NewsThe Philippines' leading cement-maker Holcim Philippines has suspended the operation of its manufacturing plant in Davao as the city was locked down until 19 April to contain the COVID-19 pandemic. The suspension of operations in Davao is in compliance with Mayor Sara Duterte's order to impose an enhanced community quarantine (ECQ) within Davao City starting 4 April. "While our Lugait plant in Misamis Oriental will continue to operate and serve the requirements of our business partners and... |
Holcim Philippines to increase AF use31 March 2020, Published under Cement NewsHolcim Philippines plans to further increase its use of suitable and preprocessed waste as alternative fuel and raw material to reduce costs as well as help address the country’s solid waste issue. “Aside from its business benefits, our Geocycle unit enables us to further contribute to Philippine development in a sustainable manner. Through our co-processing operations, we are able to lower our carbon footprint and help ease the waste management challenges of the country while producing an... |
Eagle Cement sees sales advance 20% in 201926 March 2020, Published under Cement NewsPhilippines-based Eagle Cement Corp saw its net sales advance 20 per cent YoY to PHP19.82bn (US$387.78m) in 2019. Gross profit rose 20 per cent to PHP8.67bn, while net income reached PHP6.02bn. The company has attributed the positive results to the commissioning of its third production line in Bulacan, increasing its total capacity to 2Mta. The construction of its fourth production line in Cebu, which will boost capacity by a further 2Mta, is set for completion by December 2022. "Eagle... |
Republic Cement and Nestlé expand green cooperation24 March 2020, Published under Cement NewsRepublic Cement and Nestlé Philippines will be expanding their Plastic Neutrality Initiative to further reduce plastic waste in the country as the cement producer will co-process soft plastic waste of Nestlé in its kilns. “Republic Cement is happy to be working with Nestlé in their push to becoming plastic-neutral. This partnership likewise allows us to do more as we promote the use of alternative fuel to further embed sustainability in our operations,” said Republic Cement President and CE... |
Holcim, Cemex suspend Luzon output23 March 2020, Published under Cement NewsHolcim and Cemex have suspended production at their operations in Luzon, the Philippines, to comply with social distancing and quarantine measures put in place by the country’s government to address the coronavirus pandemic. Holcim has suspended plant, terminal and office operations with measures covering the Bacnotan, La Union, Norzagaray and Bulacan cement plants. The company’s terminals in Calaca, Mabini, Manila and Batangas as well as the dry-mix plant in Paranaque will no longer disp... |
Holcim Philippines posts 41% net income advance in 201903 March 2020, Published under Cement NewsHolcim Philippines achieved a revenue of PHP33.5bn (US$660.4m) in 2019 despite a slow first half in terms of construction activity. However, the company’s operating EBITDA increased 36.7 per cent YoY to PHP6.7bn in 2019 from PHP4.9bn in 2018 as the company benefitted from initiatives to raise efficiencies and improve costs across the board. The rise was further supported by a more favourable product mix and the stable contribution of its aggregates business. The company’s full-year net in... |
AbaCore Capital signs joint venture agreement for cement project14 February 2020, Published under Cement NewsPhilippines-based AbaCore Capital Holdings Inc has received approval for a joint venture agreement with Honghui Pioneer S-Cement International Inc, which will facilitate the development and operation of a new cement plant. Omnilines Energy International Network, a subsidiary of AbaCore Capital, is therefore set to invest PHP1bn (US$19.8m) to establish a cement plant and silo project with Honghui. At the same time, AbaCore has acquired up to 10 per cent of Honghui’s authorised capital stock. |