Cement News tagged under: Philippines

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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....

Aboitiz plans to buy Lafarge Philippines assets

15 May 2015, Published under Cement News

Philippine conglomerate Aboitiz Equity Ventures Inc said on Friday it had signed an agreement for a possible acquisition of Lafarge's local cement operations in partnership with CRH Plc. CRH had earlier agreed to buy for EUR6.5bn cement assets from Lafarge and Holcim Ltd., whose asset divestments are part of preconditions to winning regulatory approval for their merger. Both Lafarge and Holcim have cement assets in the Philippines. Aboitiz, which has investments in power generation and ban...

Cemex completes Apo Cement expansion

05 May 2015, Published under Cement News

Cemex Philippines has inaugurated a new PHP3bn (US$67.3m) cement mill at its Apo Cement plant in Naga City, Cebu, as part of its comprehensive expansion plan in the country. President Benigno 'Noynoy' Aquino III was guest of honour at the 1May 2015 ceremony which coincided with Philippine Labor Day celebration. The mill increases the capacity of Cemex's Apo Plant by 1.5Mta, resulting in an additional 40 per cent of the company's capacity in the Philippines. "We are convinced that cement m...

Philippine first-quarter cement sales up 9.6%

30 April 2015, Published under Cement News

Philippine cement sales grew 9.6 per cent in the first quarter from a year ago to 5.7Mt, latest statistics from the Cement Manufacturers Association of the Philippines (CeMAP) show. Growth was attributed to demand from projects being undertaken by the public and private sectors. CeMAP president Ernesto Ordoñez said  public sector spending, particularly that of the Department of Public Works and Highways increased. Private sector spending also improved because of growing confidence in the...

Lafarge Republic inaugurates new mill at Teresa works, Philippines

16 April 2015, Published under Cement News

Lafarge Republic Incorporated (LRI) inaugurated a new cement mill in its Teresa plant, Rizal, the Philippines, on Wednesday. The new Fives FCB Horomill has a cement capacity of 0.85Mta and raises output at the Teresa plant to 2Mta. “We aim to keep the country abreast with the latest technology and support the country’s growth,” Renato Sunico, president of LRI told local press. Cement capacity is also being increased at the cement producer's Norzagaray plant in Bulacan, the contract for ...

Bangladesh, Indonesia and Taiwan top Vietnamese importers

23 March 2015, Published under Cement News

Bangladesh, Indonesia and Taiwan were the top importers of Vietnamese clinker and cement in the first two months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 1.12Mt of cement worth US$43.19m from Vietnam in the period, while Indonesia came second with 559,188t worth US$27.2m and Taiwan ranked third with 170,296t worth US$7.39m. Next in line were the Philippines followed with 157,200t worth US$6.17m, and Laos with 59,255t wort...

Holcim Philippines income and revenues rise 13% YoY

26 February 2015, Published under Cement News

Holcim Philippines posted another record performance last year with a double-digit rise in sales on the back of strong and private infrastructure spending. The company said that its net income rose by 13 per cent to PHP5.14bn from the previous year’s PHP4.55bn. Revenues also advanced 13 per cent to PHP32.64bn from last year’s PHP28.89bn, the company said. “The healthy economy continues to provide opportunities for our business to thrive. Last year, with the sustained construction boom, ...

Philippine prices set to rise?

03 February 2015, Published under Cement News

Cement prices in the Philippines are set to rise by PHP10/40kg bag shortly, according to separate advisory statements issued by three domestic producers to local distributors. Cemex Corp, Lafarge and Eagle Cement have each notified distibutors of the impending rise, the Manila Standard reported yesterday. The daily noted that Cemex’s Rizal cement currently sells for PHP198/bag (US$4.49), while Lafarge Republic’s brand sells at PHP197 and Eagle Cement at PHP193/bag. The planned price hike i...

Lafarge

02 February 2015, Published under Cement News

Lafarge is negotiating with CRH to sell of its assets in Germany and certain assets in the United Kingdom, the Philippines, Brazil and Réunion.

All eyes on the ASEAN

30 January 2015, Published under Cement News

The southeast Asian cement markets of the Philippines, Vietnam and Thailand are set for continued growth in 2015, while elsewhere in the region there is plenty to keep investors interested. Philippines – sustained growth ahead Cement industry sales in the Philippines have benefitted from robust demand thanks to bustling construction activity nationwide. Last year sales increased by 8.7 per cent YoY, according to the Cement Manufacturers’ Cement Association of the Philippines (CeMAP). Loc...