Holcim Philippines records 25% fall in net profit
Holcim Philippines recorded a 25 per cent YoY drop in net profit to PHP1.6bn (US$30m) for the 1H18 period, with the results attributed to competition and higher operating costs...
Philippines
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Cemex
Cemex Holdings Philippines is spending some US$225m to increase the capacity of the Solid Cement works from 1.9Mta to 3.4Mta. Around US$57m is being spent this year and the pro...
Taiheiyo to increase Philippine capacity
Taiheiyo has allocated PHP3.5bn for a new cement line in San Fernando, Cebu. At present the works produces 7350tpd and the project aims to raise output potential to 16,350tpd b...
Republic Cement contracts Aboitiz Construction for Bulacan and Cebu
CRH subsidiary, Republic Cement and Building Materials, has called in local affiliate Aboitiz Construction to help realise its projects in Bulacan and Cebu, Philippines. Und...
PhilCement obtains loan to build terminal
Philippines-based Phinma Corp has announced that its cement trading unit secured a PHP875m (US$16.69m) loan to construct a new cement terminal. "The loan will be used for th...
Holcim Philippines considers capacity increase
Holcim Philippines Inc has earmarked PHP2.4bn (US$45.86m) for capital outlays this year, with projects to further increase capacity being considered, according to the Philippin...
FLSmidth wins VRM order in the Philippines
FLSmidth has won an order for the engineering, procurement and supply of four vertical roller mills to three Philippine-based producers. San Miguel Northern Cement Inc, Ionic C...
Eagle Cement records 3% net profit increase
Philippines-based Eagle Cement Corp has recorded a three per cent YoY increase in net profit to PHP1.1bn (US$21.29m) for the first quarter of the year. Revenue has risen six pe...
Research undertaken to increase fly ash in cement
An ongoing research project, carried out by De Salle University in the Philippines, is seeking to use 100 per cent fly ash in cement production in an effort to reduce its carbo...
Cemex Philippines sees 6% in 1Q turnover
Cemex Philippines 1Q18 turnover amounted to US$113.6m, an increase of six per cent, while in peso terms this amounts to a 9.9 per cent advance to PHP5891m. EBITDA declined by 1...