Cement News tagged under: Philippines

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Holcim Philippines, Robinson Land sign cement supply contract

17 March 2017, Published under Cement News

Holcim 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 News

The 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 plants

14 March 2017, Published under Cement News

Ramon 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 practices

07 March 2017, Published under Cement News

The 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 2016

03 March 2017, Published under Cement News

Holcim 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 2017

10 February 2017, Published under Cement News

This 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 loan

02 February 2017, Published under Cement News

Cemex 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 awards

07 December 2016, Published under Cement News

Apo 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 island

05 December 2016, Published under Cement News

DMCI 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 Programme

25 November 2016, Published under Cement News

Employees 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...