Cement News tagged under: Philippines
Holcim Philippines to delist from Philippine Stock Exchange30 June 2023, Published under Cement NewsHolcim 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 waste19 June 2023, Published under Cement NewsPilotage, 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 offering05 June 2023, Published under Cement NewsThe 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... |
CEMEX Philippines achieves 50% CO2 reduction from 1990-202218 April 2023, Published under Cement NewsCEMEX Philippines achieved a 50 per cent reduction in CO 2 emissions generated by its two cement subsidiaries, Solid Cement Corp and APO Cement Corp , from 1990-2022. Based on public declarations, CEMEX claims that this is the highest CO 2 emissions reduction in the industry. From 2020-22 alone, CEMEX Philippines reduced 18 per cent of its net CO 2 emissions, representing 36 per cent of the total CO 2 reduction since 1990, demonstrating the company’s accelerated efforts to furth... |
Cemex considers exiting Phillipines03 April 2023, Published under Cement NewsCemex is considering exiting the Philippines as part of its ongoing strategy to focus on markets with higher growth and lower risk. Cemex currently owns 89.86 per cent of Cemex Holdings Philippines (CHP) through Cemex Asian South East Corp (CASEC) and runs two plants, located in Antipolo and Cebu , with a total production capacity of 5.7Mta. According to Bilyonaryo, CHP has struggled to pay the US$280m loan it borrowed to finance the expansion of its Antipolo works in 2017, with the ... |
Holcim Philippines reiterates commitment to decarbonisation02 March 2023, Published under Cement NewsHolcim Philippines, Inc has reiterated its readiness to support partners in decarbonising construction and putting up affordable homes and called for cooperation to accelerate the shift towards more sustainable practices. Holcim Philippines’ president and CEO, Horia Adrian, emphasised the important role of the construction industry in reducing the country’s carbon emissions. He noted that building materials account for 30 per cent of the carbon footprint of structures so it is necessary... |
Cebu cement production on the rise17 February 2023, Published under Cement NewsThe Philippines welcomed a new cement producer to its market this week as Century Peak Cement Manufacturing Corp (CPCMC), a subsidiary of Century Peak Holdings Corp, received a licence to sell cement in the archipelago of Visayas. The new player's entry comes just as the government's affordable housing programme and road transport projects are expected to increase cement demand. The new PHP10.9bn (US$198.8m) Pinamungajan cement plant in Cebu has 1Mta cement capacity. The factory is situated... |
Century Peak Cement announces first sales13 February 2023, Published under Cement NewsCentury Peak Cement Manufacturing Corp (CPCMC), a subsidiary of Century Peak Holdings Corp (CPM), has begun selling cement in Visayas, an archipelago in the Philippines, having received the quality standard certification for its products. According to Manila Bulletin, the company’s plant in Pinamungajan, Cebu, has its own pier to enable efficient distribution via barge anywhere in the country. “We are looking at the markets where we can make an impact and the Visayas region, particular... |
CEMEX Philippines signs biosolids partnership08 February 2023, Published under Cement NewsCEMEX Philippines and Manila Water Co recently signed a partnership allowing the use of biosolids as alternative fuels, a first in the Philippines and a major accomplishment in helping address climate change in alignment with the Philippine government’s policy. Biosolids are organic materials coming from a sewage treatment process. Wastewater undergoes full treatment and clean water is discharged to rivers, and byproducts such as biosolids can be turned into useful resource, such as ... |
CASEC to increase stake in CEMEX Philippines27 January 2023, Published under Cement NewsCEMEX Asian South East Corp (CASEC) is increasing its stake in CEMEX Holdings Philippines Inc (CHP) from 77.89 per cent to 89.86 per cent by acquiring an additional 11.97 per cent through a PHP2.1bn (US$38.5m) tender offer, reports Manila Bulletin. In a disclosure to the Philippine Stock Exchange (PSE), CEMEX said the tender offer will reduce its public float from the current 22.11 per cent to 10.14 per cent, However, it noted that the tender offer is not being made with the intention ... |