Eagle Cement Corp announces 44% rise in net profit
Philippines-based Eagle Cement Corp has announced a 44 per cent YoY rise in net profit for the first six months of 2019 to PHP8.2bn (US$156.7m), while also reporting a 21 per ce...
Philippines
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Holcim Philippines sees 28% fall in sales for 2Q19
Holcim Philippines has reported a 17 per cent YoY fall in net attributable profit to PHP716.15m (US$13.98m) for the 2Q19, while sales dropped 28 per cent to PHP7.28bn. In the fi...
Holcim Philippines completes Davao expansion
Holcim Philippines has completed its 0.7Mta expansion project at its Davao facility, which has been undertaken to support the strong construction activity in Mindanao, according...
Big Boss Cement withdraws from Tarlac project
Philippines-based Big Boss Cement has pulled out of its plans to construct a grinding unit worth PHP6bn (US$116.5m) in Bamban, Tarlac, following protests by some of the town’s r...
Cement importers deny activities hurt Philippine cement producers
Cement importers have rejected claims by local manufacturers that the import surge on cement is causing "serious injury" to the domestic industry. "Some members of the cement in...
Eagle Cement faces Malabuyoc plant delay
Eagle Cement Corp said the opening of its cement plant in Malabuyoc in Cebu, Philippines, will be delayed following issues in receiving the required permits for its construction...
Southeast Asia: tough times – consolidation ahead? Premium
As Western giants are exiting the southeast Asian cement market, a new wave of consolidation, this time by local companies, is taking place. By Manas Tamotia, LEK Consulting, Si...
San Miguel Corp and Holcim Philippines face opposition to merger deal
President Rodrigo Duterte of the Philippines has been asked by the construction industry and property developers to call a halt to the proposed US$2.15bn merger between San Migu...
Holcim Philippines seals large cement supply contract
Holcim Phlippines Inc has sealed an agreement with Davao Constructors Association Center Inc (DCACI) to supply 400,000t of cement to its building group of 179 construction compa...
Holcim Philippines reports 35% EBITDA surge in 1Q19
Holcim Philippines has reported a 5.8 per cent YoY decrease in revenue to PHP8.1bn (U$156.28m) for the first quarter of 2019. However, EBITDA has surged 35 per cent to PHP1.7bn ...