Cement News tagged under: Philippines
Apo energy deal gets government approval19 May 2014, Published under Cement NewsThe ancillary services procurement agreement (ASPA) between the National Grid Corp of the Philippines (NGCP) and Apo Cement Corp (ACC) has been approved by the Energy Regulatory Commission (ERC). The agreement states that ACC will provide ancillary services from its Apo Cement power plant with the capacity of 69MW. It may only nominate the available capacity of the said plant for the ancillary services. However, since the contract is on a nonfirm basis, it has the right not to nominate any... |
Philippine producers step up alternative fuels efforts14 May 2014, Published under Cement NewsPhilippine cement producers are stepping up their efforts to increase their use of alternative fuels in a bid to reduce production costs and minimise environmental impact. “Energy makes up 63 per cent of cement production cost, or 40 per cent of total cost in operations. We must find alternatives that will be beneficial not only to us but to the environment as well,” Ernesto Ordoñez, president of the Cement Manufacturers' Association of the Philippines (CeMAP) told the Manila Bulletin. ... |
Philippine sales climb in first three months30 April 2014, Published under Cement NewsSales of local cement manufacturers grew by 8.6 per cent to 5.2Mt in the first three months of the year, on the back of continued growth in the construction and real estate industries. Cemap president Ernesto Ordoñez told the Philippine Inquirer that the increase in sales could be attributed to the hike in infrastructure spending by the government, as well as the continued spending and the confidence shown by the private sector in the local economy. Going forward, Ordoñez added that C... |
Lafarge Republic boosted by robust demand01 April 2014, Published under Cement NewsLafarge Republic Inc (LRI) reported a 30 per cent rise in net profit last year to PHP3.7bn (US$82.6m) on the back of robust demand from government as well as private commercial sector projects. Revenue increased by 16 per cent to PHP23bn with the company attributed to increased cement demand as well as sales and marketing initiatives. Cost of sales increased mainly due to higher prices for power and raw materials. LRI said it was able to moderate the increase by utilising coal in its ki... |
Cemex supports Typhoon Haiyan reconstruction efforts, Philippines19 March 2014, Published under Cement NewsCemex’s global internal fundraising campaign raised US$500,000 in donations from its employees and the company’s two-to-one matching contribution. In the wake of Typhoon Haiyan in the Philippines, Cemex launched a global internal fundraising campaign that amassed US$500,000 in donations from its worldwide employees and the company’s two-to-one matching contribution. These donations are now being used to launch reconstruction projects in some of the most affected areas of the country. “We f... |
Southeast Asian advances07 March 2014, Published under Cement NewsSoutheast Asia continues to be a hive of cement activity and recent commentary by local producers suggests the prospects remain promising for certain key markets through 2014. Philippines: new capacity on the way The outlook for the Philippines remains upbeat for 2014, driven by government infrastructure spending and private sector projects. Last year cement sales rose by 5.9 per cent to 18.4Mt, according to local association CeMAP. A rise in construction activity and an increase in the ... |
Philippine producers scale back prices06 March 2014, Published under Cement NewsPhilippine cement producer have reduced cement prices by an average of PHP3/40kg bag after the an industry-wide planned increase could not be supported due to stiff competition, and following the issue of a show cause order from the Department of Trade and Industry (DTI) for unwarranted price hikes. DTI Undersecretary Victorio Mario A Dimagiba told reporters the price reduction was implemented last week and cement prices are now under ‘special monitoring’. Dimagiba said that a number ... |
Cemex upbeat on Philippine market outlook05 March 2014, Published under Cement NewsCemex Philippines remains optimistic that growth in the domestic cement sector will continue to grow this year on the back of the robust construction industry and high government spending. “We expect the growth to continue this year,” Paul Arcenas, Cemex Philippines vice president for strategic planning told the Sun.Star newspaper yesterday. To meet expected rises in demand, the company is allocating US$80m to finance an additional 1.5Mta of capacity in its Naga plant this year as well as ... |
Lafarge Republic Norzagaray mill scheduled for mid-2015 completion27 February 2014, Published under Cement NewsLafarge Republic’s Inc's (LRI) new cement mill at its Norzagaray cement works is expected to be operational by June 2015. The new mill will have a capacity of 850,000tpa and will come online just six months after a similar new mill is commissioned at the company’s Teresa works. "In spite of the recent calamities that struck the central and southern portions of the country, the Philippine economy has demonstrated resiliency and LRI will be there to rebuild damaged homes and build new homes... |
Record profits for Holcim Philippines21 February 2014, Published under Cement NewsHolcim Philippines registered record earnings and sales last year amid strong market conditions and effective cost management. Meanwhile, the company has said it will delay the construction of a new cement plant in Bulacan as its Swiss parent reorganises regional operations. “Our company benefited from the good business environment, which has allowed the construction boom to persist and cement demand to thrive. Credit should also go to our people, who did their part in attaining this recor... |