Cement News tagged under: Philippines
APO Cement Corp signs waste heat agreement with Sinoma Energy Conservation29 March 2017, Published under Cement NewsCemex Holdings Philippines Inc subsidiary APO Cement Corp has signed an agreement with Sinoma Energy Conservation Ltd. of China to build and operate a 4.5MW waste-heat-to-energy (WHTE) facility in Naga, Cebu. This technology is expected to generate 25,000MW hours annually. The facility is expected to mitigate the negative effects of power service interruptions, help reduce dependence on high-cost power sources, and reduce the cement plant’s carbon footprint, the company said. "Promoting en... |
Philippine cement makers require permit less27 March 2017, Published under Cement NewsThe Philippine Mines and Geoscienes Bureau (MGB) has removed the need for cement producers and holders of quarry and industrial sand and gravel permits to secure a mineral processing permit (MPP) with immediate effect. The bureau defined "mineral processing" as covering milling, beneficiation, leaching, smelting, cyanidation, calcination or upgrading of ores, minerals, rocks, mill tailings, mine waste and/or other metallurgical by-products or by similar means to convert the same into mark... |
Philippines: infrastructure rebuild to drive cement demand23 March 2017, Published under Cement NewsPresident Rodrigo Duterte’s infrastructure overhaul is expected to drive demand for cement and create a “multiplier effect” in the construction sector, according to an official at Cemex. As the government builds more roads, bridges, railways and airports, the private sector will match this with new houses and commercial spaces, said Cemex Holdings Vice President for Investor Relations, Paul Arcenas. Cemex told the stock exchange on Thursday that its unit, APO Cement Corp, has partnered... |
Holcim Philippines, Robinson Land sign cement supply contract17 March 2017, Published under Cement NewsHolcim Philippines will support the expansion of the Philippines’ leading real estate developer, Robinsons Land Corp (RLC) as it provides cement to 44 projects to be built by RLC by 2019. The cement producer will supply 19m bags of its general purpose cement Excel, masonry cement Wallright and high-performance infrastructure cement 4X for the construction of RLC projects such as office and residential buildings, malls and hotels in key urban areas in the country. |
The Philippines' 'golden construction age'17 March 2017, Published under Cement NewsThe Philippine cement market is attracting plenty of discussions at present with the Competition Commission's investigations into alleged violations of competitive practices, as well as the release of CRH’s full-year results from 2016. On the back of these developments, this week we also hear that the Department of Trade and Industry (DTI) has been approached by two companies to set up two new cement plants in the country, as investors seek to take part in what President Rodrigo Duterte has... |
Philippines: DTI aproached about two new cement plants14 March 2017, Published under Cement NewsRamon Lopez, secretary of the Department of Trade and Industry (DTI) of the Philippines said two local groups have approached the agency on plans to add new cement capacity to the country's production base. One of the groups is itself engaged in cement importation and the two enterprises could spend up to US$1bn on greenfield cement plants. Mr Lopez did not disclose details of these projects but said the two groups have started securing clearances for their proposed operations. He explaine... |
Philippines: cement sector faces full proceedings on anti-competitive practices07 March 2017, Published under Cement NewsThe Philippine Competition Commission (PCC) is set to up its investigation of alleged violations of competitive practices in the local cement industry. The country's anti-trust authority said it found reasonable grounds to proceed to a full administrative investigation into the cement industry. The investigation is in response to the affidavit-complaint filed before the commission by Victorio Dimagiba, a former trade undersecretary who now serves as president of consumer advocacy group Lab... |
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 ... |