Cement News tagged under: Philippines
Research undertaken to increase fly ash in cement01 May 2018, Published under Cement NewsAn ongoing research project, carried out by De Salle University in the Philippines, is seeking to use 100 per cent fly ash in cement production in an effort to reduce its carbon footprint. "My project aims to use fly ash alone without using Portland cement. We try to utilise the waste of coal-fired plants to produce material comparable to Portland cement and we call the technology geopolymer," said Dr Michael Angelo B Promentilla, Professor of Chemical Engineering and the head of the Wast... |
Cemex Philippines sees 6% in 1Q turnover27 April 2018, Published under Cement NewsCemex Philippines 1Q18 turnover amounted to US$113.6m, an increase of six per cent, while in peso terms this amounts to a 9.9 per cent advance to PHP5891m. EBITDA declined by 17.3 per cent to PHP886m, which translates into a 20.1 per cent reduction to US$17.1m. The pretax profit dropped by 77.4 per cent to US$2m and the net attributable loss was odd by 72.3 per cent to US$1.9m. Cement shipments increased by 16 per cent as production volume advanced by 19 per cent thanks to the de-bottlen... |
Phinma Corp will bring panamax vessels to Mariveles Terminal18 April 2018, Published under Cement NewsThe Phinma group will invest PHP500-700m (US$9.5-13.4m) on its Bataan cement terminal in Philippines. The Mariveles cement terminal will be ideal for large panamax vessels and is set from completion in May 2019. "In the meantime, we're already beginning to import," said Phinma Corporation president and CEO, Ramon Del Rosario Jr. "I think we already brought in the first four shipments of two million bags." The aim is to supply only the domestic market at this stage. "Initially, that's ... |
Philippine imports pass quality tests30 March 2018, Published under Cement NewsThe Philippine government has confirmed that all of the country’s cement imports have passed quality tests after the implementation of an administrative order by the Department of Trade and Industry (DTI). "In the review of implementation of the revised DTI Department Administrative Order 17-06:2017, governing the procedure in testing the standard compliance of all imported cement, we found 100 percent compliance where all shipments of imported cement passed the post shipment tests conduc... |
Phinma Group plans new capacity26 March 2018, Published under Cement NewsPhinma Group has announced plans to return to the Philippine cement market, according to the Business Inquirer. The company is constructing a 2Mta plant in Bataan, which is expected to be operational by the 1Q19. Registered by Phinma in September 2017, Philcement has begun supplying the market to prepare the distribution network for when the new plant comes online. The company’s flagship brand, Union Cement, has been reintroduced into the market as part of the project. According to Ed... |
Cemex Day 201823 March 2018, Published under Cement NewsCemex CEO, Fernando Gonzalez, opened the Cemex Day 2018 on 15 March, claiming that over the last four years they had built a stronger company, including achieving a US$6bn debt reduction and the highest net income in a decade at US$800m. Troubling countries for Cemex were Colombia and Egypt, but the multinational still delivered EBITDA of US$2.6bn in 2017. The company also announced US$250m strategic capex spending for 2018, targetting assets in the emerging cement markets of Brazil and... |
Eagle Cement's net profit rises to US$82m16 March 2018, Published under Cement NewsPhilippine-based Eagle Cement Corp increased its net profit last year by four per cent to PHP4.26bn (US$82m) on strong sales volumes. Excluding expenses from its initial public offering, net profit rose by five per cent to PHP4.33bn last year, the company disclosed to the Philippine Stock Exchange on Friday. Eagle Cement reached PHP14.87bn in net sales in 2017, a 12 per cent YoY increase. "We have continued to beat our operational targets in terms of volume growth and cost efficiencies.... |
San Miguel Corp announces plans for new plant14 March 2018, Published under Cement NewsCement producers based in the Philippines are investing to expand their capacity on the back of an anticipated demand increase, which could result in an opportunity for exports in the future, according to the Manilla Bulletin. San Miguel Corp have recently announced plans for a new cement plant in Pagbilao, Quezon. The 2Mta facility is expected to begin commercial operation in May 2021, and represents an investment of PHP12bn (US$230.3m). |
Holcim Philippines reports fall in net profit for 201702 March 2018, Published under Cement NewsHolcim Philippines has announced its results for 2017 and reports a net profit of PHP2.4bn (US$46.2m) for the full-year period, a fall of 65 per cent compared to the previous year. This has been attributed to a slowdown in the construction sector, increased competition and higher input costs, according to the Business Inquirer. Similarly, revenue decreased 13.9 per cent YoY to finish at PHP24.7bn, while EBITDA dropped 49.6 per cent to PHP5.4m. "The construction growth slowdown, tighter co... |
Holcim Philippines CEO says policies will help women to get to the top22 February 2018, Published under Cement NewsHolcim Philippines' CEO, Sapna Sood, says that by 2030 she hopes women will account for roughly a third of the company's total number of employees. Ms Sood is calling for greater diversity in the company that is associated mainly with men. On the senior level, Holcim Philippines' workforce is 32 per cent female. "What we're doing in order to enhance the participation of females in the company first of all it's about policies, having the right policies, having the right infrastructure so... |