Cement News tagged under: Philippines
Teresa cement works renewable energy efforts, Philippines04 September 2012, Published under Cement NewsAs part of the Lafarge group’s worldwide strategy to lower its CO2 emissions, its Philippine subsidiary Lafarge Republic Inc.'s (LRI) has demonstrated its commitment to sustainability at its Teresa Plant in Rizal by increasing energy efficiency and using more renewable energy. In search of more environment friendly solutions, the Manila Bulletin reports that LRI invested in a waste heat recovery unit. LRI is the first cement manufacturer in the country to introduce this sustainable and gre... |
Seacem to sell Lafarge Republic shares, Philippines03 September 2012, Published under Cement NewsSoutheast Asia Cement Holdings (Seacem) plans to reduce its stake in Lafarge Republic Inc, either through a property dividend, share swap or other available – to allow the latter to meet its public float requirements. The two companies announced in separate disclosures to the Philippine Stock Exchange (PSE) on Friday, that Seacem plans to sell some of its shares in the majority-owned Lafarge unit. Based on PSE’s latest data, Lafarge Republic Inc has a public ownership of only 3.7 per cent... |
Lafarge: August '1203 September 2012, Published under Cement NewsAfter reporting an increase in sales but a slip in volumes for 1H2012, Lafarge remains confident that cement demand will continue to rise in 2012. For the first six months, sales were up five per cent to R7.6bn and operating income 15 per cent to R1bn. However, volumes slipped one per cent to 69.7Mt for cement. In addition they were down two per cent for aggregates to 84.2Mt and seven per cent to 15.7Mt for the ready-mixed concrete segment. Lafarge chairman and CEO Bruno Lafont said, "Eco... |
Lafarge Republic to comply with 10% public ownership, Philippines31 August 2012, Published under Cement NewsLafarge Republic Inc was approved a one-day trading suspension on Friday by the stock exchange of the Philippines as it unveiled plans to comply with the exchange's 10 per cent public ownership requirement, according to reports by Dow Jones. Lafarge Republic's public ownership is now 3.7 per cent. Companies listed on the Philippine Stock Exchange have until the end of 2012 to comply with the requirement or face a delisting. The cement producer said its major shareholder, Southeast Asia Cem... |
Lafarge Republic signs fly ash supply deal, Philippines30 August 2012, Published under Cement NewsLafarge Republic has signed a deal with the provincial government of Bataan and GNPower Mariveles Coal Plant Co to buy fly ash to be produced at the latter’s 600MW power plant. Lafarge Republic (formerly Republic Cement Corp) said the deal will start once the power plant begins producing coal ash and will expire in November 2019. In June, Cemex Philippines signed a deal with Korea Electric Power (KEP) Corp to buy coal ash for around US$/t. KEP operates a 200MW power plant in the centra... |
The Philippines: 1H12 cement sales up 20%21 August 2012, Published under Cement NewsPhilippine cement sales from January to June this year reached 9.54Mt, up by about 20 per cent YoY, according to data from the Cement Manufacturers’ Association of the Philippines (Cemap). Cemap president Ernesto Ordoñez attributed the sales increase to higher infrastructure spending, which was a combination of new infrastructure projects for 2012 and the pent-up demand from last year. The government deferred last year the implementation of various projects for review. This resulted in t... |
Holcim Philippines to construct waste heat facility06 August 2012, Published under Cement NewsHolcim Philippines will construct a waste-to-energy facility to reduce the demand for coal as a cement plant fuel in Davao City. Roland Van Wijnen, chief operations officer of Holcim Philippines, said that the facility will include structures and buildings which are aimed at storing more rice husks, identified as a viable fuel alternative for the cement plant. The plant consumes about 600t of coal to power its cement plant, and only about five per cent are alternative fuel. “Coal eats up... |
Lafarge Republic sees increased market growth, Philippines09 July 2012, Published under Cement NewsHaving witnessed flat YoY sales in 2011, Lafarge Republic (formerly Republic Cement Corp) has said it expects market growth to accelerate on the back of increased government spending on infrastructure. During the company’s annual stakeholders meeting, company president Renato C Sunico, said that almost flat nationwide cement consumption of 15.6Mt last year was due to reduced government infrastructure spending in the first three quarters of 2011. Cement prices also softened during the year... |
Republic Cement Corp changes name, Philippines04 July 2012, Published under Cement NewsIn a disclosure to the Philippine Stock Exchange on Tuesday, Republic Cement Corporation changed its corporate name to Lafarge Republic Incorporated. Also, as part of their by-law’s amendments, their corporate seal shall bear the amended name of the corporation. The Securities and Exchange Commission had earlier approved the change in corporate name. |
Plans to resume new Philippine plant project08 June 2012, Published under Cement NewsAPC Group Inc, an energy and mining holding firm affiliated with Belle Corp, plans to resume a US$200m project in Cebu, Philippines, as the government’s public-private partnership projects spur cement demand. APC chairman and president Willy Ocier said during the company’s stockholders’ meeting on Wednesday that the revival of the cement plant project was among the company aims for 2012. In an interview with the Inquirer, Ocier said the cement plant would have a capacity of 1.5Mta and sho... |