Cement News tagged under: Philippines
Eagle Cement posts increase in net sales in 1H2209 August 2022, Published under Cement NewsIn the first half of 2022, Philippines-based Eagle Cement Corp saw its net sales advance to PHP13,680m (US$246m), compared to PHP11,057m in the same period a year earlier. EBITDA in the 1H22 came in at PHP4132m, marking a 13 per cent YoY decline. EBIT was down 16 per cent to PHP3501m over the same period, while net income contracted by 20 per cent to PHP2966m. The cost of goods sold in the 1H22 stood at PHP8856m, up 49 per cent from the PHP5934m seen in the 1H21, while operating expenses e... |
CEMEX gives Solid Cement expansion project update22 July 2022, Published under Cement NewsCEMEX Philippines is building a US$356m new integrated cement line in its Solid Cement plant in Antipolo City, Rizal, Philippines, to raise the plant’s annual capacity by 1.5Mta to 3.4Mt, and position itself to supply more for the nation’s infrastructure programmes and building needs. CEMEX Philippines President and CEO, Luis Franco, said that “this expansion project will not only meet infrastructure needs, but will also increase the growth and development opportunities in the com... |
Holcim participates in coastal clean-up programme08 July 2022, Published under Cement NewsHolcim and One Earth One Ocean have launched the Circular Explorer in Manila to be part of cleaning coastal areas in the Philippines. The first-of-its-kind 100 per cent solar powered catamaran, the Circular Explorer is designed to recover up to 4tpd of plastic waste to preserve vital marine ecosystems in a sustainable way. In parallel, it is driving an education programme to empower students and local communities as changemakers to take action for people and the planet. Taking a s... |
Vietnam continues to dominate imports in the Philippines07 June 2022, Published under Cement NewsVietnam’s dominance of cement imports in the Philippines continues to cause concern for local producers. With local demand expected to reach 66Mt in 2025, the Cement Manufacturers Association of the Philippines (CeMAP) has revealed data showing that Vietnamese cement accounts for the bulk of cement imports while deliveries from the rest of the world continue to shrink, according to the Manila Bulletin. In 2021 the Philippines imported 7.107Mt of cement, of which Vietnam accounted for 6.... |
Eagle Cement Corp 1Q net profit slips 3%26 May 2022, Published under Cement NewsPhilippines-based Eagle Cement Corp reported a three per cent decrease in net income to PHP1.66bn (US$31.674m) in the first quarter of 2022 from PHP1.72bn in the equivalent period of 2021. The company’s sales advanced 30 per cent from PHP5.3bn in the 1Q21 to PHP6.83bn in the 1Q22 as historically high quarterly sales volumes combined with higher average cement prices. In addition, its subsidiary Solid North Mineral Corp contributed extra revenue. Gross profit was PHP2.59bn, up 11 per ce... |
Holcim Philippines' net income reaches PHP2.6bn in 202124 March 2022, Published under Cement NewsHolcim Philippines ( Holcim group ) saw higher profits in 2021 as it shielded margins from higher costs by raising prices. Holcim Philippines President and CEO, Horia Adrian, said ‘cost mindfulness’ and a tighter focus on operations and innovation would protect the company’s bottomline through 2021. The company underscored growth last year despite challenges arising from lower demand during the pandemic and the surge in costs of energy and fuel that were key inputs in the production ... |
Philippine government urges cement producers to use plastic waste16 March 2022, Published under Cement NewsTo help reduce the country’s solid waste generation by at least 40 per cent Philippine Department of Environment and Natural Resources (DENR) has requested cement producers to explore ways to use plastic waste as a raw material, reports The Manila Times. "When all these cement plants will participate, we can dramatically reduce the volume of plastic waste which will be now regarded as raw materials of the cement plants in their current processing," said DENR-EMB Director William Cuñado, ci... |
Solid Cement advances US$323m expansion15 February 2022, Published under Cement NewsPhilippines-based Solid Cement Corp , part of Cemex Holding Philippines, will finally move forward with its long-delayed capacity expansion despite the rise in cost from US$235m to US$323m. The project will see the construction and installation of a new 1.5Mta integrated production line at the plant’s Antipolo City plant in Rizal. Principal contractors to the project will be Atlantic Gulf and Pacific Co of Manila Inc and Betonbau Philippines Inc. The plant is scheduled to come online i... |
San Miguel Cement may double capacity at Davao plant14 February 2022, Published under Cement NewsSan Miguel Corp (SMC) said its affiliate Southern Concrete Industries Corp may look to double the manufacturing capacity of its new Davao cement plant . Southern Concrete Industries Corp, formerly Oro Cemento Industries Corp, is considering doubling its manufacturing capacity to 100m bags per year, it said in a disclosure to the stock exchange. SMC president and CEO, Ramon Ang, earlier said the increase in manufacturing capacity of Southern Concrete "will reduce the dependence... |
Philippines opens investigation on Vietnamese anti-dumping13 December 2021, Published under Cement NewsThe Philippines' Tariff Commission has started its investigation into the merits of imposing a definitive anti-dumping duty on cement imports. The commission commenced a formal investigation on 9 December following a request from the Department of Trade and Industry. A preliminary conference is scheduled for 20 December as part of the investigation. “Matters for discussion include the timelines, nature of investigation, appearance of counsel and parties, number of witnesses, notification, ... |