Cement News tagged under: Philippines
DTI steps up monitoring of reported price hikes10 February 2014, Published under Cement NewsThe Philippines' Department of Industry is stepping up its monitoring of cement prices following recent reports of price hikes. "Our monitoring teams in all provinces and regions have been notified to conduct daily monitoring activities over the next two weeks on prices of cement bags," Victorio Mario Dimagiba, officer-in-charge of the DTI Consumer Protection Group told local press. The DTI will issue show-cause orders to retailers, manufacturers, importers and distributors found to hav... |
Philippines: cement prices start to rise04 February 2014, Published under Cement NewsLocal cement manufacturers raised prices from 1 February 2014 by an average of PHP8/40kg (US$0.17/40kg) bag of cement to PHP220 (US$4.85) from PHP212 (US$4.67) per bag amid strong demand for cement on huge government infrastructure projects on top of buoyant construction activities from the private sector. Cemex Philippines was the first to implement the price increase as part of its scheduled annual price rise. The two other multinational players, Lafarge Republic Inc and Holcim Philipp... |
CeMAP recognised for sustainability efforts03 February 2014, Published under Cement NewsThe Cement Manufacturers’ Association of the Philippines (CeMAP) has been recognised for its sustainable development initiatives, beating 38 other industry organisations in the Sustainable Development Initiatives Recognition Awards spearheaded by the Federation of Philippine Industries (FPI). CeMAP was adjudged the “Most Outstanding Industry Association in the Optimum Use of Resources” category in the recently-concluded FPI Manufacturers and Producers Summit held at the Hotel Intercontinent... |
Philippine cement sales advance 6% in 201330 January 2014, Published under Cement NewsPhilippine cement sales increased by 5.9 per cent YoY on the back of increased infrastructure activity, the Cement Manufacturers Association of the Philippines (CeMAP) has said. Local cement producers saw sales grow to 19.4Mt from 18.4Mt the year before, according to Ernesto M. Ordoñez, president of CeMAP. In the fourth quarter alone, cement sales advanced by 2.1 per cent to 4.5Mt from 4.4Mt a year earlier. Mr Ordoñez attributed the increase to “continued confidence in government and la... |
Lafarge Republic gets go-ahead for plant expansion30 January 2014, Published under Cement NewsLafarge Republic has secured approval from its board of directors to expand its plant in Norzagaray, Bulacan, to keep up with continuing growth in the domestic cement market. In a disclosure released yesterday, the country’s second-largest producer, said: "Please be advised that at the regular meeting of the board of directors of Lafarge Republic, Inc held on January 28... the board of directors approved the corporation's investment in a new grinding mill for its Norzagaray Plant, with capa... |
Lafarge Republic to acquire property at Manila Harbour Centre, Philippines23 December 2013, Published under Cement NewsLafarge Republic is set to purchase a property it currently leases in Manila’s port area to improve the sale and distribution of its products. The cement producer will also purchase the cement silo, packing house, among other things, at the Manila Harbour Center, it said in a filing to the Philippine Stock Exchange. “The purchase will give the company full control of the facility, which is currently using under lease agreement,” Lafarge said. "The strategic location of the facility facili... |
Lafarge Republic receives “buy” rating on typhoon reconstruction demand09 December 2013, Published under Cement NewsLafarge Republic Inc (LRI) has received a “buy” rating from AB Capital Securities Inc, as post-typhoon reconstruction in the region of Visayas, Philippines, is expected to boost demand. "Aside from increased sales volume due to higher cement production and cement retail prices, we think that LRI's upside will be supported by the steady demand from the construction sector, which should be boosted by the reconstruction efforts in typhoon Yolanda-affected areas," BusinessWorld quoted AB Capi... |
Fives FCB wins Lafarge grinding plant contract15 November 2013, Published under Cement NewsLafarge has awarded Fives FCB with a contract for the supply of a new cement grinding plant for its Teresa plant located in the Philippines. The scope of supply includes: raw material feeding: clinker and pulverised coal through connection to the existing circuit, other additives (limestone, gypsum, fly ash) by truck dump cement grinding workshop fitted with Fives FCB equipment comprising a Horomill® 3800 and a TSV™ 4500 classifier, associated with a dryer-aerodecantor and a TGT™ f... |
Philippine cement sales rise 7.1% on stronger government spending04 November 2013, Published under Cement NewsCement sales in the Philippines increased by 7.1 per cent to 14.9Mt from 13.9Mt in the same period of last year, according to the country’s cement association, CeMAP. According to Ernesto M Ordonez, president of CeMAP, a rise in July-August sales were driven by higher government spending (especially by the Department of Public Works and Highways), an increase in business confidence and a generally strong economy with good growth. The group added that the expansion in construction proje... |
Holcim Philippines boosted by higher demand31 October 2013, Published under Cement NewsHolcim Philippines has reported a 34.2 per cent increase in third-quarter earnings driven by stronger sales revenue and cost-cutting and efficiency improvement measures. Net sales in the July-September quarter rose by more than seven per cent to PHP6.86bn on the back of steady demand and prices as private and public sector projects remained strong. Holcim country CEO, Eduardo Sahagun, said that the robust construction activity had led demand to exceed expectations in the third quarter. ... |