Cement News tagged under: Philippines
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... |
Philippines: Republic Cement Services Inc considers expansion26 November 2015, Published under Cement NewsRepublic 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... |
CRH01 October 2015, Published under Cement NewsCRH 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 expansion28 September 2015, Published under Cement NewsNorthern 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. |