Cement News tagged under: Philippines
Holcim Philippines moves coal stockpile after spill06 August 2018, Published under Cement NewsTo prevent the repeat of a coal spill that has polluted the shores of Bacnotan, Holcim Philippines Inc has moved its temporary coal stockpile to enclosed storage areas and put up three additional siltation pond, according to the Philippine Daily Enquirer. Coal at the original stockpile was washed down by heavy rains, resulting in “water coming from the mountain to create a gap in the benched wall” and divert coal from the siltation pond toward the shoreline, according to a Holcim statemen... |
Cemex is working 24/7 to meet Philippine cement demand30 July 2018, Published under Cement NewsCemex president and CEO, Ignacio "Nacho" Mijares, says Cemex's cement plants in plants in Antipolo and Cebu are having to work 24/7, in maximum capacity, to meet the market demand in the Philippines. The government’s PHP8trn (US$150.3bn) infrastructure programme is sending cement demand upward. "We recently were able to 'debottleneck' our dispatch which allows us to increase to half a million tons, the amount we can provide to the market. Going forward we will continue looking for the deb... |
Holcim Philippines records 25% fall in net profit27 July 2018, Published under Cement NewsHolcim Philippines recorded a 25 per cent YoY drop in net profit to PHP1.6bn (US$30m) for the 1H18 period, with the results attributed to competition and higher operating costs. However, net sales increased eight per cent to PHP18.8bn on the back of an increase in sales volumes of cement and aggregates. In the 2Q18 net sales advanced 18.5 per cent YoY to PHP10.1bn. "Our second quarter performance showed encouraging trends which translated into significant sales growth on the back of stro... |
Cemex02 July 2018, Published under Cement NewsCemex Holdings Philippines is spending some US$225m to increase the capacity of the Solid Cement works from 1.9Mta to 3.4Mta. Around US$57m is being spent this year and the project should be completed during the first quarter of 2020. |
Taiheiyo to increase Philippine capacity25 June 2018, Published under Cement NewsTaiheiyo has allocated PHP3.5bn for a new cement line in San Fernando, Cebu. At present the works produces 7350tpd and the project aims to raise output potential to 16,350tpd by the end of next year. Romeo Gebilaguin, Taiheiyo's environment and safety manager, said that as demand for cement grows, the plant has to double its production capacity. "We will be needing additional manpower by then, hire more workers. This will give job opportunities to Cebu with six per cent of them coming fro... |
Republic Cement contracts Aboitiz Construction for Bulacan and Cebu25 June 2018, Published under Cement NewsCRH subsidiary, Republic Cement and Building Materials, has called in local affiliate Aboitiz Construction to help realise its projects in Bulacan and Cebu, Philippines. Under the contract, Aboitiz Construction will have to complete within 11 months the structural and mechanical works in the Bulacan and Cebu sites. The cement producer is also looking into improving cement and clinker capacity for its plants in Teresa and Batangan as well as cement production in Iligan. "Our investme... |
PhilCement obtains loan to build terminal05 June 2018, Published under Cement NewsPhilippines-based Phinma Corp has announced that its cement trading unit secured a PHP875m (US$16.69m) loan to construct a new cement terminal. "The loan will be used for the construction of the cement terminal that will be located in Mariveles, Bataan," said Phinma in a statement. PhilCement Corp signed the five-year fixed-term loan agreement with Security Bank on 1 June, according to Business World. Phinma recently reported its consolidated net income rose 37 per cent YoY to PHP66.... |
Holcim Philippines considers capacity increase18 May 2018, Published under Cement NewsHolcim Philippines Inc has earmarked PHP2.4bn (US$45.86m) for capital outlays this year, with projects to further increase capacity being considered, according to the Philippine Daily Inquirer. The company will prioritise operational improvements, tighter cost management and new building solutions to benefit from and support the strengthening construction activity in the country, said John Stull, president and CEO of Holcim Philippines. "Last year, we started projects to raise cement pr... |
FLSmidth wins VRM order in the Philippines18 May 2018, Published under Cement NewsFLSmidth has won an order for the engineering, procurement and supply of four vertical roller mills to three Philippine-based producers. San Miguel Northern Cement Inc, Ionic Cementworks Industries Inc and Oro Cemento Industries Corp have ordered the OKTM 56-4 VRMs for cement grinding purposes. Alongside the mills, the company will also deliver planetary mill gear units and air pollution control filters. "This order further strengthens our position in the growing Philippine cement marke... |
Eagle Cement records 3% net profit increase04 May 2018, Published under Cement NewsPhilippines-based Eagle Cement Corp has recorded a three per cent YoY increase in net profit to PHP1.1bn (US$21.29m) for the first quarter of the year. Revenue has risen six per cent YoY to PHP4bn in the same period, according to The Philippine Inquirer. Eagle Cement attributed the performance to "long standing cost-effective and efficient production grounded on owning the country’s most-modern end-to-end cement manufacturing plant." "We remain confident about the future as private consum... |