Cement News tagged under: Philippines

RSS feed

Philippines: Republic Cement confident despite environmental crackdown

17 August 2016, Published under Cement News

Republic Cement has vowed to continue with its expansion plans and has said that it is "ready" to face an environmental audit from the Filipino government, ABS-CBN News reports. The Department of Environment and Natural Resources has recently handed out suspensions to 10 mining companies over safety violations and has challenged the country’s largest coal mining firm, Semirara, to make the case for allowing its operations to continue. Republic’s president, Rentao Sunico, said he was co...

Vietnam sees export value rise 19% in Jan-Jul 2016

16 August 2016, Published under Cement News

Vietnam earned US$335.12m as it exported 8.97Mt of cement and clinker in the Jan-Jul 2016 period, up 18.8 per cent YoY in value, but down 6.2 per cent in terms of volume. The Philippines, Bangladesh, Taiwan and Mozambique were key importers of Vietnamese clinker and cement in the first seven months of this year, according to the Vietnamese Ministry of Industry and Trade. The Philippines surpassed Bangladesh to become the largest importer of cement and clinker from Vietnam in terms of v...

Cemtech Asia and the Philippine growth trail

01 August 2016, Published under Cement News

Cemtech Asia’s seventh conference and exhibition, which took place in Manila, Philippines, between 19-22 June, provided an exceptional opportunity to take stock of the industry’s progress in one of the world’s fastest-growing regions. Ernesto M Ordoñez, president of the Cement Manufacturers’ Association of the Philippines (CeMAP), delivered the keynote address, using the opportunity to highlight the country’s upward momentum in cement consumption. Ernesto M Ordoñez addresses delegates...

Philippines: Human rights body begins investigation into GHG-emitting firms

29 July 2016, Published under Cement News

The Commission on Human Rights of the Philippines (CHR) has begun an investigation into the possibility that major carbon-emitting multinationals have breached human rights law, The Guardian reports. This follows a petition from a group of environmental NGOs led by Greenpeace, which identified 47 Carbon Majors - publicly-traded companies that collectively are responsible for 21.6 per cent of greenhouse gas emissions in the period from 1751 to 2013. The companies involved include major cem...

Philippines: consumers complain over quality and prices

28 July 2016, Published under Cement News

The National Consumer Affairs Council (NCAC) has called on the Department for Trade and Industry (DTI) to take action on complaints about substandard cement entering the market, the Philippine Daily Inquirer reports. Chair of the NCAC, Jose Pepito, said: “This complaint has been there for a long time, so I’m wondering why nothing has been done about it,” he said in an interview with the Inquirer. “Many consumers may not be aware of the problem because they are not technically knowledgeabl...

Philippines: Cemex achieves Energy Management ISO

07 July 2016, Published under Cement News

Cemex Holdings Philippines’ subsidiaries, Solid Cement Corporation and Apo Cement Corporation, recently passed the ISO 50001:2011 Energy Management System (EnMS) audits , making them the first cement plants in the country to receive an SGS Philippines endorsement for the EnMS certification. The implementation of an EnMS represents Cemex’s proactive stance and commitment in achieving sustainable operations through energy optimisation and in contributing positively to mitigate the impact of...

Cemex

04 July 2016, Published under Cement News

Cemex is to float a 45 per cent minority in Cemex Holdings Philippines on the Philippine Stock Exchange during July. The group is expecting to raise around US$507m.  The proceeds will be used to reduce net debt.  

Philippines: settlement following cargo vessel crash

22 June 2016, Published under Cement News

The Cebu provincial government and other entities, which suffered damage following the cargo vessel MV Belle Rose running aground in the waters off Daanbantayan town last week, have agreed to settle and allow the ship to leave Cebu for repairs. The agreement reached with the shipping company covers the cost of replanting affected corals, rehabilitation, protection and management of the shoal, incidental damages sustained by those reliant on Monad Shoal such as tourism-based establishments...

Philippines: Cemex Holdings Philippines IPO will raise US$526m

20 June 2016, Published under Cement News

Cemex Holdings Philippines (CHP), a subsidiary of Cemex, will on Tuesday launch an initial public offering to raise up to US$526m, reports Reuters. The offering would mark the Southeast Asian nation's second and biggest IPO so far this yea r. Cemex Holdings Philippines has secured US$125m from seven cornerstone investors for the IPO, IFR said. Cemex aims to invest US$300m to open additional capacity in the Philippines in 2019. “The new capacity will become operational by the second hal...

SE Asia towards oversupply?

20 June 2016, Published under Cement News

The southeast Asian cement market has seen rapid demand growth in recent years. Backed by favourable macroeconomic trends, it is likely to remain one of the fastest-growing cement markets. Many cement producers, both local and international, performed very well in this region and are keen to expand their existing capacity, while for others entering these enticing markets has become a priority. By The Jakarta Advisory Group, Indonesia. Fast-growing southeast Asian markets are attractin...