Cement News tagged under: Philippines
Lafarge Republic gets go-ahead for plant expansion30 January 2014, Published under Cement NewsLafarge Republic has secured approval from its board of directors to expand its plant in Norzagaray, Bulacan, to keep up with continuing growth in the domestic cement market. In a disclosure released yesterday, the country’s second-largest producer, said: "Please be advised that at the regular meeting of the board of directors of Lafarge Republic, Inc held on January 28... the board of directors approved the corporation's investment in a new grinding mill for its Norzagaray Plant, with capa... |
Lafarge Republic to acquire property at Manila Harbour Centre, Philippines23 December 2013, Published under Cement NewsLafarge Republic is set to purchase a property it currently leases in Manila’s port area to improve the sale and distribution of its products. The cement producer will also purchase the cement silo, packing house, among other things, at the Manila Harbour Center, it said in a filing to the Philippine Stock Exchange. “The purchase will give the company full control of the facility, which is currently using under lease agreement,” Lafarge said. "The strategic location of the facility facili... |
Lafarge Republic receives “buy” rating on typhoon reconstruction demand09 December 2013, Published under Cement NewsLafarge Republic Inc (LRI) has received a “buy” rating from AB Capital Securities Inc, as post-typhoon reconstruction in the region of Visayas, Philippines, is expected to boost demand. "Aside from increased sales volume due to higher cement production and cement retail prices, we think that LRI's upside will be supported by the steady demand from the construction sector, which should be boosted by the reconstruction efforts in typhoon Yolanda-affected areas," BusinessWorld quoted AB Capi... |
Fives FCB wins Lafarge grinding plant contract15 November 2013, Published under Cement NewsLafarge has awarded Fives FCB with a contract for the supply of a new cement grinding plant for its Teresa plant located in the Philippines. The scope of supply includes: raw material feeding: clinker and pulverised coal through connection to the existing circuit, other additives (limestone, gypsum, fly ash) by truck dump cement grinding workshop fitted with Fives FCB equipment comprising a Horomill® 3800 and a TSV™ 4500 classifier, associated with a dryer-aerodecantor and a TGT™ f... |
Philippine cement sales rise 7.1% on stronger government spending04 November 2013, Published under Cement NewsCement sales in the Philippines increased by 7.1 per cent to 14.9Mt from 13.9Mt in the same period of last year, according to the country’s cement association, CeMAP. According to Ernesto M Ordonez, president of CeMAP, a rise in July-August sales were driven by higher government spending (especially by the Department of Public Works and Highways), an increase in business confidence and a generally strong economy with good growth. The group added that the expansion in construction proje... |
Holcim Philippines boosted by higher demand31 October 2013, Published under Cement NewsHolcim Philippines has reported a 34.2 per cent increase in third-quarter earnings driven by stronger sales revenue and cost-cutting and efficiency improvement measures. Net sales in the July-September quarter rose by more than seven per cent to PHP6.86bn on the back of steady demand and prices as private and public sector projects remained strong. Holcim country CEO, Eduardo Sahagun, said that the robust construction activity had led demand to exceed expectations in the third quarter. ... |
Philippine producers call for level playing field07 October 2013, Published under Cement NewsPhilippine cement producers are calling on the country’s Department of Trade and Industry (DTI) to create a level playing field to incentivise local expansion plans and higher tariffs on non-Asean imports. In a recent roadmap for the industry, local cement companies have requested the DTI grant the same fiscal incentives enjoyed by new market entrants to those established companies that plan to expand their operations. The companies are urging the government to include all investments for i... |
Lafarge bullish on Philippine outlook19 September 2013, Published under Cement NewsLafarge Republic sees sustained cement demand growth in the Philippines through the year as the company prepares to lift capacity to meet future requirements. While demand in the first half of the year is traditionally stronger for the local cement industry, the company remains bullish for the remainder of the year. “I think because of the continuing projects of the government, continuing projects in the commercial and residential sectors, there might still be a good growth in demand [this ... |
Lafarge Philippines benefits from strong cement demand22 August 2013, Published under Cement NewsDomestic cement demand in the 1H13 has seen a sharp rise in the Philippines as sales have jumped by 6.2 per cent compared to the same period in 2012. “The continued increased in infrastructure and other construction projects launched by the government such as farm-to-market, roads coupled with sustained demand from the private and commercial sector, contributed to the growth,” said Lafarge Republic. The budget department reports that state spending on public works and infrastructure ha... |
Philippines: six month cement sales accelerate to 10.13Mt20 August 2013, Published under Cement NewsCement sales in the first six months increased 6.18 per cent to 10.13Mt from 9.54Mt in 2012, the Cement Manufacturer’s Association of the Philippines said. The group attributed the healthy performance to the country’s improving construction business and to the government’s ongoing infrastructure programme. Meanwhile, the group reported that the industry imported 12Mt of clinker during the first six months. Total domestic cement output in 2012 was 18.35Mt, 17.5 per cent higher than in 2011. ... |