Cement News tagged under: Philippines
Holcim Philippines to boost cement capacity31 October 2012, Published under Cement NewsHolcim Philippines has announced that it is planning to invest US$350m-450m in a new 2Mta cement plant to meet long term domestic market needs. Speaking at a press briefing, Holcim Philippines COO Roland van Wijnen said that the company has been in the process of increasing its capacity in line with recent strong gains in local consumption. It has begun reactivating its idle facilities beginning with its terminal in Calaca, Batangas last year and its grinding plant in Mabini will be operati... |
Philippine nine-month cement sales surge24 October 2012, Published under Cement NewsPhilippine cement sales increased 20 per cent in the first nine months of 2012, the first time such a high growth rate has been achieved for nearly 20 years. Figures from the Cement Manufacturers Association of the Philippines (CeMAP) show that between Jan-Sept 2012, cement sales reached 13.9Mt against 11.6Mt recorded in the same period last year. CeMAP president Ernesto M. Ordonez told reporters the growth was largely fueled by the strong infrastructure expenditures of the Aquino ad... |
Seacem in voluntary buy back offer, Philippines09 October 2012, Published under Cement NewsSoutheast Asia Cement Holdings Inc (Seacem) is launching a voluntary tender offer to buy back up to 93 percent of its shares in exchange for a mix of shares in its majority-owned subsidiary Lafarge Republic Inc. (LRI) and cash. Based on its disclosure to the Philippine Stock Exchange (PSE) on Monday, the board of Seacem approved the buyback of a total of 989.34 million shares in exchange for Seacem’s shares in LRI at an exchange ratio of 3.73 Seacem shares for every one LRI common shar... |
CeMAP’s solid waste management efforts, Philippines05 October 2012, Published under Cement NewsThe Cement Manufacturers’ Association of the Philippines cited the effectiveness of partnership in co-processing waste following the success of its solid waste management project in Teresa, Rizal. “Co-processing waste is a service that is offered by many of CeMAP members and the technology has effectively worked while keeping the same levels of quality of the cement produced,” said CeMAP president Ernesto Ordoñez. “The waste materials included are primarily plastics and combustible resi... |
Cemex to increase Philippine capacity18 September 2012, Published under Cement NewsCemex announced today that it is planning to expand the cement production capacity of its APO plant in the Philippines by 1.5Mta. Through an investment of approximately US$65m, the company will increase production and strengthen its distribution network to better serve high-demand areas throughout the country. The increase is expected to be operational by the first quarter of 2014. With this new investment, Cemex will keep pace with the Philippines market’s rapid growth. The country regist... |
Holcim Philippines names new CEO12 September 2012, Published under Cement NewsHolcim Philippines Inc has announced the appointment of Filipino executive Eduardo Sahagun as its new chief executive officer, effective 1 January 2013. The current president, Magdaleno Albarracin Jr. and expatriate chief operating officer Roland van Wijnen will step down on 31 December and 31 January 2013, respectively. “There is no doubt that Ed is the right man to lead Holcim Philippines at this time … (he) has certainly contributed much towards helping shape Holcim Philippines t... |
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... |