Cement News tagged under: Philippines

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Philippines: Republic Cement & Building Material plans to delist

18 January 2016, Published under Cement News

Republic 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 mill

05 January 2016, Published under Cement News

Taiheiyo 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...

Philippines: Republic Cement Services Inc considers expansion

26 November 2015, Published under Cement News

Republic Cement Services Inc (RCSI) is considering building production facilities in Visayas and Mindanao, Philippines, given the government's drive to improve the country's infrastructure. The Manila Times reported RCSI president Don Lee, as saying that the move is in response to announcements made by the Department of Public Works and Highways (DPWH) that more projects were needed in the regions. "At this point, DPWH is more aggressive in visions, projects and allocations of the budget i...

CRH

01 October 2015, Published under Cement News

CRH completed the acquisition of certain assets in the Philippines on 14 September, the largest of which is Lafarge Republic.  CRH has secured a EUR484m investment by Abostiz Equity Partners, a Philippine conglomerate, into the business as a shareholder. 

NCC kicks off Pangasinan plant expansion

28 September 2015, Published under Cement News

Northern Cement Corp (NCC), part of the San Miguel Corp, has broken ground on the US$200m expansion of its plant in Pangasinan, Philippines. The new project will double the facility's capacity to more than 2Mta. "The economy and infrastructure sector are growing rapidly and by expanding NCC, we are supporting the development efforts of the Philippine government and reducing dependence on imported cement," NCC President Ramon S Ang was quoted in the statement as saying.

San Miguel Corp to up investment spend

21 September 2015, Published under Cement News

Philippine conglomerate San Miguel Corp said on Monday it is raising planned investment in cement manufacturing to almost US$1bn with the addition of three new cement plants to two previously announced facilities. President Ramon Ang outlined the investment at a briefing following the listing of San Miguel's PHP33.5bn (US$720m) worth of newly issued preferred shares. Ang said in July San Miguel was building two cement plants, worth US$800m, expected to be completed in 2017. (Source: Reute...

CRH plc completes Philippines element of LafargeHolcim transaction

15 September 2015, Published under Cement News

CRH has completed the acquisition of the assets acquired from LafargeHolcim in the Philippiness. In early August, CRH confirmed that the majority of the transactions relating to the package of assets to be acquired from LafargeHolcim were complete, with the exception of the operations in the Philippines which it advised would be finalised in 3Q15.

Estanda commissions Eagle Cement project, Philippines

15 September 2015, Published under Cement News

Estanda has carried out the supply and the commissioning of an 'Improvest' diaphragm to the Eagle Cement plant in the Philippines. The former middle diaphragm showed material flow problems in the diaphragm plates, resulting in problems and downtime, as well as subsequent wearing of these plates. The project consisted of a complete substitution of the previous liners for an Estanda Improvest diaphragm with a cement flow set to regulate an increase in mill production. In addition, the steel ...

Philippine quarries set to expand

07 September 2015, Published under Cement News

Four applications for expansion of mining areas have been approved by the Mines and Geosciences Bureau (MGB) since the government relaxed rules in November last year. "We have already approved several area expansions," MGB Director Leo B Jasareno said in a text message over the weekend. Holcim Philippines Inc and its Premier subsidiary are the latest cement producers to have secured approvals for two applications. Holcim’s mineral production sharing agreement (MPSA) in Agno, Pangasinan,...

Aboitiz secures loan to part-fund cement venture

25 August 2015, Published under Cement News

Aboitiz Equity Ventures, Inc. (AEV) has signed an agreement for a US$400m (PHP18.7bn) loan that will partly finance its venture into the cement sector in the Philippines. In a disclosure to the stock exchange dated 20 August 2015, AEV said it "signed a facility agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd to obtain a bridge loan" of up to US$400m. "The proceeds of the loan will be used to partially finance AEV's investment in holding companies for the purpose of the acquisitio...