Cement News tagged under: Philippines
Philippines: Mariveles dry bulk terminal25 May 2016, Published under Cement NewsSesia Nectar Port Services Inc announced the start of commercial operations at its Mariveles Dry Bulk Terminal in the Freeport Area of Bataan (FAB), Philippines. The company began developing the port in 2015. Ramon Atayde, Sesia chairman, said that with the use of mechanised material handlers for faster and more efficient discharge of shipment, the new facility will optimise the operations of dry bulk handling. The new Mariveles terminal will make FAB a viable location for investors as it... |
Philippines 1Q16 cement sales up 13%20 May 2016, Published under Cement NewsPhilippines cement sales increased by 12.8 per cent YoY in the first quarter of 2016, according to Ernesto Ordoñez, President of the Cement Manufacturers' Association of the Philippines (CeMAP). Volumes rose from 5.7Mt in 1Q15 to 6.43Mt. "Demand will continue to be strong, especially with presumptive President Duterte saying that infrastructure will remain a high priority during his administration," said Mr Ordoñez. For this year, the Aquino administration has allotted an infrastructure... |
Philippines: CeMap President calls for greater use of blended cement09 May 2016, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CeMAP) has requested that the government to change its policies relating to the use of ordinary Portland cement (OPC) in public infrastructure projects so that the country can achieve its goal of cutting carbon emissions by 70 per cent by 2030. With the support of scientific data signed by respected experts,CeMAP president, Ernesto Ordoñez, said CeMAP is calling for the backing of the Climate Change Commission to further boost its pu... |
CRH 1H16 earnings to reach US$1.1bn driven by US and Asian markets27 April 2016, Published under Cement NewsIn its earnings statement for 1Q2016, CRH predicts that EBITDA will rise to EUR1bn (US$1.1bn) driven by growth in the United States and the Philippines. This is around five per cent up on last year, with the final figure to be announced when 1H2016 results are published on 25 August. Sales for 1Q2016 itself are up nine per cent YoY, with US sales up by 22 per cent and Asian sales up 12 per cent. European markets were reported to be flat. Some EUR85m (US$96m) was spent on acquisitions ... |
Holcim Philippines forecasts 8-10% volume growth14 April 2016, Published under Cement NewsThe head of Holcim Philippines CEO, Eduardo A Sahagun expects the local cement industry to sustain its bullish run this year with sales volume seen growing by as much as 8-10 per cent. This was on the back of increased infrastructure spending by the government and the continuing construction activities of the private sector, said Mr Sahagun. The growth was attributed to higher public spending and the continued confidence of the private sector in the economy. In an interview with the In... |
Philippines: Norzagaray plant inaugurates Horomill grinding mill16 March 2016, Published under Cement NewsRepublic Cement & Building Materials Inc inaugurated a 0.85Mta grinding mill at its cement plant in Norzagaray, Bulacan province, Philippines, on Tuesday. Renato Sunico, president of Republic Cement, said that the FCB Horomill will lift the cement plant's total grinding capacity to 1.85Mta. The Norzagaray unit now comes under the wing of newly-formed CRH-Aboitiz Co following the divestment of assets by Lafarge Republic Inc last year. |
Holcim Philippines net profit surges 58% YoY02 March 2016, Published under Cement NewsHolcim Philippines Inc said Wednesday net profit in 2015 surged 58 per cent YoY to PHP8.1bn (US$171m) on strong sales and a large one-off gain on investment. The company said it booked a PHP2.6bn advance from the revaluation of an investment in an affiliate while revenue rose 15 per cent to PHP37.5bn due to increased government spending in infrastructure projects and higher construction activity. Holcim Philippines Inc has an estimated cement capacity of 8.6Mta. It is also investing US$... |
Philippines: double-digit rise in cement sales04 February 2016, Published under Cement NewsCement sales in the Philippines increased by a strong 14.4 per cent YoY in 2015 to 24.36Mt, according to figures by the Cement Manufacturers' Association of the Philippines (CeMAP). CeMAP president Ernesto Ordoñez said the increased sales was brought about by the large budget by Public Works Department for infrastructure development, private sector confidence in government and new housing projects with low interest rates. Favourable weather conditions with reduced rains during the year a... |
Philippines: Republic Cement & Building Material plans to delist18 January 2016, Published under Cement NewsRepublic Cement & Building Materials Inc (RCBM) has applied for delisting of its shares from the Philippine Stock Exchange (PSE), effective 15 March 2016.The move follows the acquisition by AEV CRH Holdings of RCBM. Last August AEV CRH conducted a tender offer for 649.08m common shares held by RCBM’s minority shareholders at PHP10.26 (US$0.21) each. As of 15 September, RCBM’s publicly-owned common shares comprise approximately 0.91 per cent of its outstanding capital stock. According to the... |
Philippines: Taiheiyo opens new mill05 January 2016, Published under Cement NewsTaiheiyo Cement Philippines Inc (TCPI), based in Cebu, has launched its new cement mill and has assured stakeholders it can readily obtain additional clinker should cement demand in the Philippines rise. TCPI has recently inaugurated its new finish mill at the Cebu plant and will be able to immediately import clinker from various cement plants owned, affiliated and operated by Taiheiyo Cement Corp (TCC) of Japan. Shuji Fukuda, TCC president, switched on the ceremonial button for the eight... |