Cement News tagged under: Philippines
Republic Cement aims to double plastic co-processing by 202104 December 2020, Published under Cement NewsRepublic Cement’s resource recovery arm, ecoloop, plans to co-process a minimum of 10m plastic sachets or bags per day at its plant in the Philippines by the beginning of next year. "It's going to be double what we are currently doing, and it's just the beginning," said Angela Edralin-Valencia, ecoloop director. |
Philippines: poised to rebound?02 December 2020, Published under Cement NewsHaving being one of southeast Asia’s strongest performers in recent years, the Philippines construction and cement industries have been hit by the impact of COVID-19 during the 1H20. However, the easing of restrictions, some positive economic indicators and pent-up demand could lead to cement consumption bouncing back in 2021. By Jagdeep Verma, Holtec Consulting, India. Holtec India endeavours to examine the impact of COVID-19 on the Philippines cement industry and share its views ... |
Holcim Philippines to streamline corporate structure24 November 2020, Published under Cement NewsThe board of Holcim Philippines Inc (HPI) has approved the merger of three majority-owned subsidiaries (Bulkcem Philippines Inc, Mabini Grinding Mill Corp and Holcim Philippines Manufacturing Corp) into the company to streamline corporate structure. The company is now expected to hold a special stockholders’ meeting on 15 January 2021 for the approval of the transaction. Bulkcem Philippines currently leases its Iloilo bulk terminal to HPI, while Mabini Grinding Mill Corp leases its gri... |
Taiheiyo Cement plans PHP15bn expansion project13 November 2020, Published under Cement NewsTaiheiyo Cement is planning to invest PHP15bn (US$309.3m) to expand production at its plant in Cebu, Philippines. The company’s local subsidiary will construct a new line and expand shipping bases to Luzon, Iloilo, and Davao, according to a Department of Trade and Industry (DTI) press release. The company is also expected to install a 2km-long marine belt conveyor and expand its port in Cebu. The project, already underway, is anticipated to expand cement production capacity by 50 per cent... |
Eagle Cement Corp sees net sales down 16%12 November 2020, Published under Cement NewsPhilippine-based Eagle Cement Corp has reported a net profit of PHP1.4bn (US$28.96m) in the 3Q20, remaining unchanged from the year-ago period. However, its net sales were down 16 per cent YoY to PHP4.1bn. "The resumption of major infrastructure projects and retail segment boosted sales. We are optimistic that fourth-quarter results will be better as more sectors of the economy are reopened," said Paul Ang, president. Eagle Cement’s nine-month net sales declined 35 per cent to PHP10bn ... |
DTI and Phinma agreement on labelling guidelines12 November 2020, Published under Cement NewsIn light of the new renewed labelling conventions for cement products in the Philippines, the Department of Trade and Industry (DTI) and the Phinma group affirm their commitment in providing quality products for Filipino customers at a fair and competitive price. The DTI and Phinma are in full agreement that this clarity of labelling convention will help customers select the cement products they prefer. Phinma group’s subsidiary Philcement will adjust from the old guidelines to the new ru... |
Republic Cement forecasts recovery for next year06 November 2020, Published under Cement NewsNabil Francis, president and chief executive officer of Philippine-based Republic Cement, expects the country’s cement market to decline by 15 per cent YoY this year, before bouncing back in 2021. "In 2021, we will get back to 35Mt for the total market, which is more or less the level that we reached in 2019," said the CEO at an Aboitiz virtual media briefing. "Definitely, it's going to be boosted by the ambitious infrastructure programme – the 'Build, Build, Build' programme of the go... |
CeMAP appeals the reduction of import safeguard duty27 October 2020, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CeMAP) has submitted an appeal to the Department of Trade and Industry (DTI), asking it to postpone the reduction of the PHP10/bag (US$0.21) safeguard duty and instead raise it to PHP12/bag. Under a DTI order made on 27 August 2019, the PHP10/bag definitive safeguard measure on imported cement from specific countries will decrease by PHP1/bag each year until the third year. Therefore, the duty was due to go down to PHP9/bag by 22 No... |
San Miguel looks to increase plastic waste consumption23 October 2020, Published under Cement NewsPhilippines-based San Miguel Corp (SMC) is reportedly buying more plastic wastes to fuel its cement plants. "It's a more environment-friendly and sustainable alternative to using traditional fuels," said Ramon Ang, president and COO of SMC, in a statement. The initiative comes after the company’s launch of a series of sustainability efforts, which include discontinuing its plastic bottled water business, building the country's first recycled plastics road and spending PHP1bn (US$20.64m... |
CeMAP seeks probe into Philcement product origin05 October 2020, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CeMAP) confirms reports from 28 January, 2020, it brought to the attention of the Department of Trade and Industry (DTI) a possible case of non-compliance regarding Union V Super Strength 40, a cement brand of Philcement Corp. "This concern is in line with our commitment to work with all stakeholders in promoting consumer welfare and protection as part of our advocacy and for the safety and overall benefit of Filipino cement consume... |