Cement News tagged under: Philippines
Holcim Philppines reports lower net income in 201603 March 2017, Published under Cement NewsHolcim Philippines (LafargeHolcim group) reported a lower net income of PHP6.8bn (US$134.8m) last year, compared to the PHP8.1bn recorded in 2015. The 2015 profit included a one-time gain of PHP2.6bn from the revaluation of Holcim’s investment in an affiliate. Strong revenues and effective cost management efforts lifted the company’s earnings. With higher revenues and manufacturing and enhanced distribution network, the company’s EBITDA increased by 14 per cent to PHP10.8bn. "Withou... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
Philippines: Cemex secures US$280m BDO Unibank loan02 February 2017, Published under Cement NewsCemex Holdings Philippines Inc has secured a loan facility from BDO Unibank Inc for the peso equivalent of US$280m to refinance an outstanding obligation just seven months after joining the equities market through a PHP25.13bn initial public offering. In a disclosure to the Philippine Stock Exchange, the cement producer said it signed on Wednesday a senior unsecured peso term loan facility agreement with the country’s biggest lender to refinance its long-term loan with New Sunward Holding ... |
Philippines: Cement firms win environmental and mining safety awards07 December 2016, Published under Cement NewsApo Cement Corporation has won awards for safety and environmental standards at the Presidential Mine Safety and Environment Conference organised by the Philippine Mine Safety and Environment Association, the Manila Bulletin reports. The Cemex Philippines subsidiary received the Presidential Mineral Industry Environment Award (Platinum) for Mineral Processing and was declared winner for the Safest Mines Award in the Cement Plant category, with Taiheiyo Cement Philippines taking second pla... |
Philippnes: DMCI Holdings wants new cement plant on Semirara island05 December 2016, Published under Cement NewsDMCI Holdings Inc is planning to build a cement plant on Semirara Island in the Visayas worth PHP18.3bn in an industry dominated by foreign manufacturers. The company hopes it can ride on the government’s infrastructure programme. Victor Limlingan, DMCI managing director, said the company is spending a total of US$380m (about PHP18.3bn) for the cement-manufacturing venture, building a cement plant and three separate grinding plants located in Batangas, Iloilo and Zamboanga, three areas tha... |
Philippines: Taiheiyo contributes to National Greening Programme25 November 2016, Published under Cement NewsEmployees from Taiheiyo Cement Philippines Inc and Solid Earth Development Corp planted 5350 seedlings across different sites in San Fernando in support of the National Greening Programme (NGP). Taiheiyo Philippines plant manager and senior vice president for operations, Kazuhiko Ichizawa, and Kazuhiko Soma, operations division manager, led 30 employees in the tree-planting activity that was conducted under the Environment Protection and Enhancement Programme (EPEP) started by Taiheiyo an... |
Philippine cement sales growth slows in 3Q1617 November 2016, Published under Cement NewsWhile cement sales growth in the Philippines slowed in 3Q16, continued construction activities saw 9M16 cement sales record double-digit growth. Nine-month sales increased 10.1 per cent to 20.12Mt, according to Cement Manufacturers Assocation of the Philippines President, Ernesto Ordoñez. “The year-to-date increase shows the overall continued uptrend in government infrastructure spending, as well as the private sectors’ increased contribution due to confidence in the Philippine government... |
Philippines: Republic Cement expands affordable housing initiative02 November 2016, Published under Cement NewsRepublic Cement has announced plans to partner with three microfinance organisations to provide housing and home-improvement loans, the Manila Times reports. “Republic Cement is dedicated to helping address the Philippine housing backlog through collaborations that create shared value for those at the bottom of the pyramid,” said Renato Sunico, president of Republic Cement and Building Materials Inc. “Affordable housing is one of the major pillars of our iSTAND4 programme, which covers... |
Holcim Philippines 3Q profits up 15%27 October 2016, Published under Cement NewsHolcim Philippines increased its net profit for 9M16 by nearly 20 per cent YoY to PHP5.4bn (US$111.8m), helped by a double-digit growth in cement sales. For the 3Q alone, the company's net profit rose by 15.3 per cent YoY to PHP1.7bn, which was attributed to strong sales figures and improved operational efficiency. For the 3Q operating cash flow increased by 11 per cent YoY to PHP2.7bn, driven by sustained gains in operational efficiencies implemented at the start of the year and higher c... |
Vietnam cement exports fall 17.2% YoY in 9M1620 October 2016, Published under Cement NewsIn September Vietnam’s clinker and cement exports fell 0.3 per cent to 1.15Mt when compared with August but climbed 3.5 per cent to US$48.16m, according the Vietnamese Ministry of Industry and Trade. Vietnam exported 11.28Mt of cement and clinker in the first nine months of 2016, which represents a 6.6 per cent fall when compared with the same period the previous year. Total value of the exports was down 17.2 per cent YoY to US$429.3m. The Philippines, Bangladesh, Taiwan and Mozambique... |