Cement News tagged under: Philippines
Weak demand and high input costs hit Holcim Philippines earnings24 February 2012, Published under Cement NewsHolcim Philippines posted a net earnings of PHP2.03bn, down 47.27% from the PHP3.85bn it earned in 2010 as weaker cement demand and higher input costs impacted revenue but said it is cautiously optimistic for the year ahead. The company said cement consumption fell after a very strong market in election year 2010. Simultaneously, continuous rises in coal and electricity hiked the company’s energy costs per ton by 14 per cent. “The environment in 2011 was certainly tough, but I believe ... |