Cement News tagged under: Philippines

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Philippine cement sales growth slows in 3Q16

17 November 2016, Published under Cement News

While 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 initiative

02 November 2016, Published under Cement News

Republic 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 News

Holcim 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 9M16

20 October 2016, Published under Cement News

In 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...

Philippines: government urged to curb smuggling

04 October 2016, Published under Cement News

The United Filipino Consumers and Commuters (UFCC) is urging government officials to stop smuggling at Iloilo pots and across the rest of the region. UFCC President, Rodolfo Javellana Jr noted that the Port of Iloilo was one of the main entry points for cement smugglers. Of nine smuggled cement shipments, three entered through the Port of Iloilo. Speaking at the group’s anti-smuggling campaign, Mr Javellana Jr said cement shipments were not only undeclared, but also underpriced. Between J...

Philippines: Eagle Cement to break ground on Davao plant

29 September 2016, Published under Cement News

Eagle Cement has said that it will begin construction work on its new 2Mta cement plant in Davao in the south of the country on 20 October, according to reports in the Business Inquirer. Eagle Cement’s owner, Ramon Ang, first announced plans to expand Eagle’s capacity in June 2015, proposing to build two new plants in Davao and Cebu, as well as expanding the company’s existing facility in Bulacan. Mr Ang said that he expected the facility to begin commercial operations by March 2019.

Philippines: competition commission probes cement industry

28 September 2016, Published under Cement News

The Philippine Competition Commission (PCC) has warned cement companies of the repercussions should it violate antitrust laws. PCC Commissioner, El Cid Butuyan, said, "We intend to exercise our enforcement powers in a way that is envisioned under the law, which is a muscular agency, not a paper-pushing, rubber-stamping agency." The agency has decided to investigate the country’s cement industry after a private citizen filed a case. Mr Butuyan said the person in question was a former publi...

Consolidated Gold Holdings enters JV to acquire plant

07 September 2016, Published under Cement News

Consolidated Gold Holdings announced it has entered into a preliminary agreement to form a joint venture with a major Asian industrial and mining group to supply and distribute cement throughout the Philippines and Indonesia. The joint venture will include the acquisition of an existing 1Mta cement plant in the Philippines, which will be used to grind and process clinker imported from China and Vietnam. Product will then be shipped to the Northern Sulawesi Province in Indonesia for packag...

Holcim Philippines appoints COO

01 September 2016, Published under Cement News

Holcim Philippines announced Thursday that its board has appointed Sapna Sood as Chief Operating Officer (COO), effective 1 November 2016. Ms Sood previously acted as Group Head of Health and Safety at LafargeHolcim and held the position of Head of Helium in the Asia-Pacific region for Linde Group. The appointment comes as part of the preparations for CEO Eduardo Sahagun’s retirement on 19 April 2017. Mr Sahagun will relinquish his duties as CEO in November, but remain acting President un...

Philippines: 1H16 sales rise 10.7%

26 August 2016, Published under Cement News

Philippine cement manufacturers reported a 10.7 per cent increase in sales to 13.2Mt for the first six months of the year. This increase has been supported by government rises in infrastructure spending and the private sector engaging more heavily in construction activities. President of the Cement Manufacturers Association of the Philippines (CEMAP), Ernesto Ordoñez, revealed that the growth rate seen in 1H16 is better than the “moving average increase of 10 per cent in the last five yea...