Holcim Philppines reports lower net income in 2016
Holcim Philippines (LafargeHolcim group) reported a lower net income of PHP6.8bn (US$134.8m) last year, compared to the PHP8.1bn recorded in 2015. The 2015 profit included a ...
Philippines
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The world in 2016 and outlook for 2017
This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new er...
Philippines: Cemex secures US$280m BDO Unibank loan
Cemex Holdings Philippines Inc has secured a loan facility from BDO Unibank Inc for the peso equivalent of US$280m to refinance an outstanding obligation just seven months afte...
Philippines: Cement firms win environmental and mining safety awards
Apo Cement Corporation has won awards for safety and environmental standards at the Presidential Mine Safety and Environment Conference organised by the Philippine Mine Safety ...
Philippnes: DMCI Holdings wants new cement plant on Semirara island
DMCI Holdings Inc is planning to build a cement plant on Semirara Island in the Visayas worth PHP18.3bn in an industry dominated by foreign manufacturers. The company hopes i...
Philippines: Taiheiyo contributes to National Greening Programme
Employees from Taiheiyo Cement Philippines Inc and Solid Earth Development Corp planted 5350 seedlings across different sites in San Fernando in support of the National Greenin...
Philippine cement sales growth slows in 3Q16
While cement sales growth in the Philippines slowed in 3Q16, continued construction activities saw 9M16 cement sales record double-digit growth. Nine-month sales increased 10.1...
Philippines: Republic Cement expands affordable housing initiative
Republic Cement has announced plans to partner with three microfinance organisations to provide housing and home-improvement loans, the Manila Times reports. “Republic Cemen...
Holcim Philippines 3Q profits up 15%
Holcim Philippines increased its net profit for 9M16 by nearly 20 per cent YoY to PHP5.4bn (US$111.8m), helped by a double-digit growth in cement sales. For the 3Q alone, the c...
Vietnam cement exports fall 17.2% YoY in 9M16
In September Vietnam’s clinker and cement exports fell 0.3 per cent to 1.15Mt when compared with August but climbed 3.5 per cent to US$48.16m, according the Vietnamese Ministry...