Cement News tagged under: South Asia

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Holcim sued by Indonesian island over climate change

14 July 2022, Published under Cement News

Residents of an Indonesian island threatened by rising sea levels are suing Holcim over its carbon emissions, according to TopWireNews. The island in question, Pulau Pari, depends on fishing and tourism for its economy but due to climate change large swathes of the island are expected to be submerged under water in 30 years' time, say the residents. They are now seeking compensation from Holcim for the damage they have already suffered as a result of climate change, as well as funds for floo...

Philippine government urges cement producers to use plastic waste

16 March 2022, Published under Cement News

To help reduce the country’s solid waste generation by at least 40 per cent Philippine Department of Environment and Natural Resources (DENR) has requested cement producers to explore ways to use plastic waste as a raw material, reports The Manila Times. "When all these cement plants will participate, we can dramatically reduce the volume of plastic waste which will be now regarded as raw materials of the cement plants in their current processing," said DENR-EMB Director William Cuñado, ci...

Taiheiyo Cement Philippines retires old kiln to prepare expansion

25 November 2021, Published under Cement News

Taiheiyo Cement Philippines has retired its old kiln to make way for the installation of its new line, which will increase capacity from 2500tpd of clinker to 6000tpd by mid-2024. The old kiln has been operational for 30 years, according to Yoshihito Izawa, CEO. “Now we have decided to build a new line. It is inevitable to dismantle the whole facility to construct a completely new one. I am deeply grateful for this facility that has contributed to our business activities,” said Mr Izawa.   ...

Holcim Philippines signs contract for two solar power plants

22 November 2021, Published under Cement News

Holcim Philippines has signed a 20-year deal with Blueleaf Energy, a leading renewable energy company, to deliver solar power to its plants in Norzagaray, Bulacan, and Bacnotan, La Union. As part of the agreement, Blueleaf will finance, build, operate and maintain solar energy facilities with a combined capacity of 29MW, which are expected to supply up to 15 per cent of the energy requirements of the two Luzon plants by 2024. "Reducing the carbon footprint of our operations is one of our...

Holcim Philippines sees 124% net income increase

17 November 2021, Published under Cement News

Holcim Philippines reported a 124 per cent YoY increase in net income to PHP2.3bn (US$45.66m) in the first nine months of 2021, compared to PHP1.03bn in the year-ago period, on the back of higher cement sales. “Our continuing focus on operational efficiencies and cost management enabled us to drive performance despite market demand and inflationary challenges. We take pride in leading industry innovations with our new building solutions that help partners build better,” said Horis Adrian,...

Eagle Cement Corp announces 89% advance in profit

11 November 2021, Published under Cement News

Philippine-based Eagle Cement Corp has seen its net profit surge 89 per cent to PHP5.1bn (US$101.76m) in the first nine months of 2021, against PHP2.7bn in the comparable period of last year. Net sales advanced 63 per cent YoY to PHP16.2bn, which has been attributed to a double-digit growth in volumes despite the average selling price of cement declining. “We are pleased to report an encouraging set of results amid the pandemic, much lower cement prices and increasing input costs,” sai...

Siam Cement's revenue surges 31% YoY

28 October 2021, Published under Cement News

Thailand’s Siam Cement PCL has seen its net profit decline 30 per cent YoY in the third quarter of 2021, falling to THB6.82bn (US$205m), as it recorded lower demand and an asset impairment related to a plant in Myanmar. However, revenue from sales advanced 31 per cent YoY to THB31.83bn in the 3Q21, supported by its chemical business.

Big Boss Cement reportedly suspends operations

18 October 2021, Published under Cement News

Philippine-based Big Boss Cement has reportedly suspended business operations, according to a source for The Philippine Daily Inquirer. The shutdown, taken so the company can rehabilitate its production facilities, is expected to last until next year. Big Boss Cement had plans to double capacity to around 2.4Mta by 2020 and ordered a modular grinding plant last May .

Eagle Cement Corp to consolidate raw material supply chain

27 September 2021, Published under Cement News

The board of Philippines-based Eagle Cement Corp has approved the 100 per cent purchase of affiliate limestone quarrying firm, Solid North Mineral Corp (SNMC), in a PHP3.57bn (US$69.95m) deal. SNMC is currently majority-owned by Ramon S Ang, chairman of Eagle Cement. The move is expected to consolidate its raw material supply chain.

Eagle Cement announces 181% rise in net income

17 August 2021, Published under Cement News

Philippines-based Eagle Cement has posted a 181 per cent YoY increase in net income to PHP3.7bn (US$73.08m) in the first half of 2021, against PHP1.32bn in the corresponding period of last year. Net sales also advanced 87 per cent to PHP11.06bn from PHP5.91bn in the 1H20. The company has attributed the results to higher sales volumes despite the decrease in the average selling price of cement per bag, which resulted from tight competition.