Cement News tagged under: Philippines
Cemex to invest US$235m in Philippine expansion19 October 2018, Published under Cement NewsCemex Holdings Philippines plans to expand capacity at its subsidiary’s facility in Antipolo City, Rizal, at an estimated investment cost of US$235m. Solid Cement Corp has signed project agreements with China’s CBMI Construction Co Ltd for the procurement, construction and installation of the new line, according to a disclosure to the stock exchange. The project is expected to increase capacity by 1.5Mta, boosting Cemex’s total capacity in the country by 26 per cent. Currently, Solid Cemen... |
Holcim to help Philippines with plastic waste08 October 2018, Published under Cement NewsHolcim Philippinese is planning to increase its consumption of residual plastic wastes as alternative fuel in cement production to help the Philippine government in its waste management drive. "Holcim Philippines is a committed partner in the country's development and we are contributing more beyond building materials," said John Stull, president and CEO of Holcim Philippines. The Philippines, China, Indonesia, Thailand and Vietnam account for more than 50 per cent of plastic wastes that ... |
LafargeHolcim02 October 2018, Published under Cement NewsLafargeHolcim’s Kenyan subsidiary Bamburi Cement has announced a first-half turnover of KES18,556m (EUR151.08m), an easing of 0.2 per cent, while the trading profit fell by 56.2 per cent to KES1200m (EUR10.21m) and the pretax profit dropped by 72.2 per cent to KES700m (EUR1.16m). Capital expenditure in the period amounted to KES1800m (EUR15.2m), the majority of which was spent on capacity expansion. In Kenya the market was some eight per cent lower than a year earlier, while in Uganda the r... |
Philippines partially lifts suspension order on quarry operations01 October 2018, Published under Cement NewsA suspension order to halt quarrying operations in selected regions of the Philippines after the landslide near the Apo-Cemex quarry in Naga City, Cebu, has been partially lifted. Roy Cimatu, environment secretary, has allowed certain operations to resume after an inspection by teams from the Department of Environment and Natural Resources. The decision to fast-track the investigation was made to avoid affecting the price of cement and other materials which may impact the country's ‘Build,... |
Philippines notifies WTO of import investigation27 September 2018, Published under Cement NewsThe Philippines’ Department of Trade and Industry (DTI) has notified the World Trade Organisation of its preliminary investigation to determine whether cement imports are causing or threatening to cause serious injury to the domestic industry, according to the Manila Bulletin. In an initial review, the DTI noted that import surges are negatively affecting the competitiveness of local manufacturers. If the investigation shows positive results, it could result in provisional safeguards such... |
Holcim Philippines to raise capacity of La Union plant26 September 2018, Published under Cement NewsHolcim Philippines has announced that it intends to raise the capacity of its facility in La Union, Luzon, from 1Mta to 1.8Mta by the first half of 2019, to further support the construction activity on the island. The company is currently installing new equipment and storage facilities at the plant, while implementing efficiency initiatives in its Bulacan, Manila and Batangas facilities. "Holcim Philippines remains committed to the development of Luzon and the entire country and we intend... |
Republic Cement Service's president forecasts 8% cement growth24 September 2018, Published under Cement NewsNabil Francis, president of Republic Cement Services Inc, believes that the cement industry in the Philippines can achieve a growth in cement demand of eight per cent this year. The main reason for the increased demand is coming from infrastructure projects, which are expected to grow at 13 per cent. "We are starting to feel the effect of the 'Build, Build, Build programme'...we are starting to feel the pulse of the market beating," said Nabil Francis. Currently, the residential segment ... |
Cemex Holding Philippines denies ownership in landslide area24 September 2018, Published under Cement NewsCemex Holding Philippines (CHP) reported to the stock exchange that it has no equity stake in APO Land & Quarry Corp (ALQC) after a landslide killed at least 22 people and left several people unaccounted for in the area on 20 September. Cemex is coordinating with ALQC after the recent downpour caused a landslide in Sito Sindulan, Barangay Tina-an, Naga City, Cebu. While ALQC is a raw material supplier of APO Cement Corp (Cemex group), CHP does not own any direct of indirect stak... |
San Miguel Northern Cement's 5000tpd line equipped with Loesche mills18 September 2018, Published under Cement NewsSan Miguel Northern Cement Inc has chosen to install Loesche technology for its new 5000tpd line in Sison state, Pangasinan province, Philippines. Loesche's scope of supply includes two complete grinding plants, one with a LM 56.4 for raw material grinding and a LM 35.3 D for grinding sub-bituminous coal. In addition, Loesche will supply the majority of the electrotechnical components and automation with modern control technology, eg the software LM Master for process optimisation. Loesc... |
Eagle Cement Corp grows net profits by 5%09 August 2018, Published under Cement NewsPhilippine-based Eagle Cement Corp grew its net profit by five per cent YoY to PHP2.3bn (US$43.3m) in the 1H18 with higher sales volume compensating for lower selling prices. The company's first-half net sales rose by some 10 per cent YoY to PHP8.21bn. Gross profit margin was maintained at 48 per cent. Cash flow as measured by earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by five per cent during the period, translating into an EBITDA margin of 43 per cent. A... |