Cement News tagged under: Philippines
Cemex upbeat on Philippine market outlook05 March 2014, Published under Cement NewsCemex Philippines remains optimistic that growth in the domestic cement sector will continue to grow this year on the back of the robust construction industry and high government spending. “We expect the growth to continue this year,” Paul Arcenas, Cemex Philippines vice president for strategic planning told the Sun.Star newspaper yesterday. To meet expected rises in demand, the company is allocating US$80m to finance an additional 1.5Mta of capacity in its Naga plant this year as well as ... |
Lafarge Republic Norzagaray mill scheduled for mid-2015 completion27 February 2014, Published under Cement NewsLafarge Republic’s Inc's (LRI) new cement mill at its Norzagaray cement works is expected to be operational by June 2015. The new mill will have a capacity of 850,000tpa and will come online just six months after a similar new mill is commissioned at the company’s Teresa works. "In spite of the recent calamities that struck the central and southern portions of the country, the Philippine economy has demonstrated resiliency and LRI will be there to rebuild damaged homes and build new homes... |
Record profits for Holcim Philippines21 February 2014, Published under Cement NewsHolcim Philippines registered record earnings and sales last year amid strong market conditions and effective cost management. Meanwhile, the company has said it will delay the construction of a new cement plant in Bulacan as its Swiss parent reorganises regional operations. “Our company benefited from the good business environment, which has allowed the construction boom to persist and cement demand to thrive. Credit should also go to our people, who did their part in attaining this recor... |
DTI steps up monitoring of reported price hikes10 February 2014, Published under Cement NewsThe Philippines' Department of Industry is stepping up its monitoring of cement prices following recent reports of price hikes. "Our monitoring teams in all provinces and regions have been notified to conduct daily monitoring activities over the next two weeks on prices of cement bags," Victorio Mario Dimagiba, officer-in-charge of the DTI Consumer Protection Group told local press. The DTI will issue show-cause orders to retailers, manufacturers, importers and distributors found to hav... |
Philippines: cement prices start to rise04 February 2014, Published under Cement NewsLocal cement manufacturers raised prices from 1 February 2014 by an average of PHP8/40kg (US$0.17/40kg) bag of cement to PHP220 (US$4.85) from PHP212 (US$4.67) per bag amid strong demand for cement on huge government infrastructure projects on top of buoyant construction activities from the private sector. Cemex Philippines was the first to implement the price increase as part of its scheduled annual price rise. The two other multinational players, Lafarge Republic Inc and Holcim Philipp... |
CeMAP recognised for sustainability efforts03 February 2014, Published under Cement NewsThe Cement Manufacturers’ Association of the Philippines (CeMAP) has been recognised for its sustainable development initiatives, beating 38 other industry organisations in the Sustainable Development Initiatives Recognition Awards spearheaded by the Federation of Philippine Industries (FPI). CeMAP was adjudged the “Most Outstanding Industry Association in the Optimum Use of Resources” category in the recently-concluded FPI Manufacturers and Producers Summit held at the Hotel Intercontinent... |
Philippine cement sales advance 6% in 201330 January 2014, Published under Cement NewsPhilippine cement sales increased by 5.9 per cent YoY on the back of increased infrastructure activity, the Cement Manufacturers Association of the Philippines (CeMAP) has said. Local cement producers saw sales grow to 19.4Mt from 18.4Mt the year before, according to Ernesto M. Ordoñez, president of CeMAP. In the fourth quarter alone, cement sales advanced by 2.1 per cent to 4.5Mt from 4.4Mt a year earlier. Mr Ordoñez attributed the increase to “continued confidence in government and la... |
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... |