Cement News tagged under: Philippines

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Holcim Philippines' strong 2Q results

13 August 2015, Published under Cement News

Holcim Philippines Inc's strong sales continued in the second quarter of 2015 as its plants delivered record supplies of cement. Holcim Philippines net sales from April to June rose by 9.7 per cent to PHP9.4bn (US$203m) from PHP8.6bn in the 1Q15. The company’s second-quarter net income improved by 1.6 per cent QoQ to PHP1.5bn due to higher volume and prices. Holcim Philippines President and CEO, Eduardo A Sahagun, said keeping operations steady is important at a time of sustained strong d...

Philippines: cement sales rise 11% in 1H15

29 July 2015, Published under Cement News

Cement sales rose steeply in the first six months of the year behind robust construction activities in the country, the Cement Manufacturers Association of the Philippines (CeMAP) said. CeMAP president, Ernesto Ordoñez, stated total cement sales rose 11.1 per cent to 11.91Mt in the first half of the year from 10.72Mt in the same period in 2014. Ordoñez said construction activity remained strong in the first semester, fuelled primarily by the growing business confidence in the country....

Aboitiz Equity to invest in Philippine venture

22 July 2015, Published under Cement News

Aboitiz Equity Ventures Inc said it will invest PHP24bn (US$531m) in the cement business after formalising a deal with Irish cement maker CRH Plc to buy the Philippine assets of Lafarge SA, Reuters reports. In May, Aboitiz said it was looking to partner with CRH to buy Lafarge's assets in the Philippines as the local power-to-banking conglomerate sought to diversify into infrastructure. The Philippine units form part of a package of assets that CRH is acquiring from Lafarge and Holcim ...

Holcim Philippines to make offer for local assets of Lafarge

13 July 2015, Published under Cement News

Holcim Philippines will make an offer to acquire the assets of Lafarge Group in the Philippines as part of the merger process between the two cement majors. In a disclosure to the Philippine Stock Exchange (PSE), the local unit of Swiss firm Holcim Ltd. said it has been given the green light by its board of directors to make an offer for the France-based assets of the Lafarge Group. Specifically, Holcim has been authoriszed to “make an offer for, and should the offer be accepted, to pr...

Vietnamese producer targets new export markets

04 June 2015, Published under Cement News

La Hien Cement JSC, a subsidiary of the Vietnam National Coal Mineral Industries Group (Vinacomin),  is seeking new export markets in Asia and Africa, an executive of the company said. According to Nguyen Van Dung, Director of the La Hien JSC, the company will seek new markets while securing its traditional markets including Thai Nguyen, Bac Kan and Lang Son provinces, the Vietnam News Agency reported. The company aims to ship its clinker to Bangladesh, the Philippines and a number of natio...

Cemex

01 June 2015, Published under Cement News

Cemex has announced a US$300m investment in the Philippines, the principal element of which will be a new 1.5Mta integrated cement works at its Solid works on Luzon. This would double the capacity at this plant and represent an overall increase in the group’s Philippine production capacity of around one quarter. Earlier this month, Cemex Philippines officially inaugurated the latest expansion of its APO works on Cebu as well as two logistics centres at Visayas and at Mindanao. That represent...

Ang plans to increase capacity in the Philippines

01 June 2015, Published under Cement News

Philippine businessman Ramon S Ang plans to expand capacity of his privately-held Eagle Cement Corp as well as construct two new cement plants in the country. In an interview published in the Philippine Star, Ang said the company plans to build two new cement facilities in Cebu and Davao, each with a capacity of 2Mta. He also plans to add a 1Mta line at its existing cement facility in Bulacan. “We are now finishing the second line and preparing to put up a third line. With Eagle...

Holcim and Lafarge seal binding deal with CRH

27 May 2015, Published under Cement News

Lafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets with an enterprise value of EUR6.5bn. As announced in February 2015, the assets include operations mainly in Europe, Canada, Brazil and the Philippines (see below). The acquisition remains conditional upon successful completion of the merger of Lafarge and Holcim as well as the completion of local asset reorganisations. The acquisition is expected to complete in the second half of 2015. ...

Bangladesh, Indonesia, Philippines top Vietnamese importers in first four months

26 May 2015, Published under Cement News

Bangladesh, Indonesia, the Philippines and Taiwan remained among major importers of Vietnamese clinker and cement in the first four months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 2.62Mt of cement worth US$100.24m from Vietnam in the period, while Indonesia came second with 937,982t worth US$42.39m and the Philippines ranked third with 468,419t worth US$18.43m. Following on, Taiwan consumed 346,396t worth US$14.81m and Ma...

Cemex to double capacity at Luzon cement plant, Philippines

15 May 2015, Published under Cement News

Cemex announced yesterday that it is undertaking a new US$300m investment in the Philippines involving the construction of a new 1.5Mta line at is Solid Plant in Luzon. The investment will double the capacity of the Solid plant and will represent a 25 per cent increase in Cemex's capacity in the Philippines. With the recent visit of Fernando A. Gonzalez, Chief Executive Officer of Cemex and his executive team in the country, highlighted by a meeting with His Excellency President Benigno S....