Cement News tagged under: Philippines

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Siam raises stake in Philippine firm, mulling Myanmar plans

29 February 2012, Published under Cement News

Thailand’s Siam Cement has reached a deal to raise its stake in a listed Philippine building materials firm from 40 per cent to 80 per cent in a deal valued at THB1bn (US$33m). However, the company has declined to name the firm, but it is thought to be Mariwasa Siam Holdings of which the company owns 40 per cent according to its latest annual report. Siam chief executive Kan Trakulhoon declined to confirm. Mr Trakulhoon said it would make a decision by the end of this year on weather i...

Weak demand and high input costs hit Holcim Philippines earnings

24 February 2012, Published under Cement News

Holcim 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 ...