Cement News tagged under: Philippines
APO Cement resumes operation of kiln lines13 December 2018, Published under Cement NewsAPO Cement (Cemex) has resumed operation of its two kilns at its cement plant in the Philippines, two weeks after they were closed due to the unavailability of raw materials. The manufacturer will therefore reinstate the employees who were temporarily suspended, according to BusinessWorld. In addition, the company will no longer close its terminal in Davao City. |
Holcim Philippines contracts Huaxin for US$245m project13 December 2018, Published under Cement NewsChina’s Huaxin Cement has announced that it has been contracted to build and renovate cement production lines and supporting facilities for Holcim Philippines. The US$245m engineering, procurement and construction contract is expected to be fulfilled over a two-year period. It will see Huaxin build a 6000tpd production line, renovate an existing 3000tpd line and erect a 7MW waste heat power generation project. Huaxin will design, provide equipment, build civil works, install and debug equ... |
Holcim Philippines to raise capacity to 13Mta by 202003 December 2018, Published under Cement NewsHolcim Philippines (LafargeHolcim group) is investing US$300m to raise its cement capacity in the country by 30 per cent to 13Mta by 2020. Holcim Philippines informed the Philippine stock exchange that will upgrade its facilities in Bulacan and Misamis Oriental with the installation of new and efficient kilns and mills and waste heat recovery systems as part of its cost focus. "Our company believes in the sustained development of the Philippines. This investment is proof of our confidence... |
Republic Cement CEO elected head of ECCP30 November 2018, Published under Cement NewsThe President of Republic Cement, Nabil Francis, has been elected as the new head of the European Chamber of Commerce of the Philippines (ECCP). "At Republic Cement, we recognise the hard work and the many good things that the Chamber has done over the past years and I look forward to continuing this during my term," said Mr Francis. Mr Francis will be replacing Guenter Taus, who will be leaving the chamber after three years since he is no longer part of any ECCP member company. "We a... |
Solid Cement borrows US$75m from related company27 November 2018, Published under Cement NewsSolid Cement, an operating subsidiary of Cemex Holdings Philippines, is borrowing US$75m of subordinated revolving credit from Cemex Asia. The money will be used to refinance existing debt, alongside funding the construction and installation of the new 1.5Mta line at the company’s Antipolo facility. Solid Cement has made an initial drawdown on this facility equivalent to approximately US$40.7m, according to the Manila Bulletin. The company has also entered into the principal project agreem... |
Cemex Philippines shuts down kiln and Davao terminal22 November 2018, Published under Cement NewsAPO Cement (Cemex group) in the Philippines has closed its Davao cement terminal and suspended one kiln line at its Cebu plant following the suspension of mining operations at Apo Land & Quarry. The closure means the lay off of 30 staff and cessation of work for 40 per cent of its contractors. These cost cutting measures are in addition to temporary suspensions affecting 30 per cent of its workforce. The company is engaging with suppliers in Cebu and neighbouring territoies for raw materia... |
Apo Cement announces PHP10 price hike19 November 2018, Published under Cement NewsPhilippines-based Apo Cement has announced a PHP10 (US$0.19) price hike on its cement products in some regions of the country, following the suspension of its main raw material supplier, APO Land & Quarry Corp. "APO Cement continues to adopt measures to cope with the challenges of not having equitable sources of raw materials to produce cement," stated the company. "APO is announcing a PHP10 increase per bag in its cement products in Cebu and other areas in the Visayas region starting ... |
APO Cement announces job layoffs14 November 2018, Published under Cement NewsAPO Cement is laying off 30 per cent of their regular employees and up to 40 per cent of their contractual workers. The announcement came as a shock to employees after the workers' general assembly meeting. The lay-offs will come into effect on 13 December 2018 and will last for at least six months. The decision stems from the suspension of the quarry operations of Apo Land and Quarry Corp (ALQC), the main supplier to APO Cement, which suffered a disruption to mining after a landslide in Na... |
Eagle Cement sees 6% rise in 9M net profit12 November 2018, Published under Cement NewsEagle Cement Corp reported in the 9M18 net sales of PHP12.2bn (US$229.2m), up nine per cent YoY from PHP11.2bn in the 9M17. Strong sales and stable prices supported the rise in net sales. Net profit of the Philippine cement producer advanced by six per cent to PHP3.5bn from PHP3.3bn in the year-ago period. Despite higher input costs, EBITDA rose by three per cent while margins increased by 42 per cent. "We remain aggressive and committed in growing our company organically as we are lev... |
Siam Cement Group's Philippine sales rise 46% July-September 201829 October 2018, Published under Cement NewsSiam Cement Group (SCG) of Thailand has reported a cement sales increase between July-September 2018 of 46 per cent, boosted by the government's 'Build, Build, Build' in the Philippines. SCG’s Philippine sales from July to September expanded by to PHP5.09bn (US$94.8m), from PHP3.48bn during the same period last year. This put its total sales in the Philippines at PHP14.29bn after three quarters, 34 per cent better than the previous year's PHP10.62bn. SCG's sales in southeast Asia, excludin... |