Cement News tagged under: Republic Cement & Building Materials
Cebu cement production on the rise17 February 2023, Published under Cement NewsThe Philippines welcomed a new cement producer to its market this week as Century Peak Cement Manufacturing Corp (CPCMC), a subsidiary of Century Peak Holdings Corp, received a licence to sell cement in the archipelago of Visayas. The new player's entry comes just as the government's affordable housing programme and road transport projects are expected to increase cement demand. The new PHP10.9bn (US$198.8m) Pinamungajan cement plant in Cebu has 1Mta cement capacity. The factory is situated... |
Philippines imposes duties on Vietnam cement imports22 December 2022, Published under Cement NewsThe Philippines’ Department of Trade and Industry (DTI) has imposed duties on cement imports from Vietnam for five years. In a department order dated 16 December 2022, Trade Secretary Alfredo E Pascual said dumping of ordinary Portland cement Type 1 and blended cement Type 1P from Vietnam in the country poses an "imminent threat of material injury to the domestic cement industry". The move comes after the DTI reviewed the final report of the Tariff Commission (TC) regarding its invest... |
Republic Cement to be delisted from Philippine stock exchange18 April 2016, Published under Cement NewsThe Philippine Stock Exchange has approved the delisting of cement-maker Republic Cement & Building Materials Inc., formerly Lafarge Republic Inc. (LRI), effective April 25 this year. Republic Cement, which is now 99.09 per cent owned by the consortium of conglomerates Aboitiz Equity Ventures (AEV) and British firm CRH Holdings, is exiting the local bourse after completing a voluntary tender offer to minority shareholders. Trading on shares of Republic has been suspended since September ... |
Philippines: Republic Cement & Building Material plans to delist18 January 2016, Published under Cement NewsRepublic Cement & Building Materials Inc (RCBM) has applied for delisting of its shares from the Philippine Stock Exchange (PSE), effective 15 March 2016.The move follows the acquisition by AEV CRH Holdings of RCBM. Last August AEV CRH conducted a tender offer for 649.08m common shares held by RCBM’s minority shareholders at PHP10.26 (US$0.21) each. As of 15 September, RCBM’s publicly-owned common shares comprise approximately 0.91 per cent of its outstanding capital stock. According to the... |
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