Cement News tagged under: philippines
Republic Cement forecasts recovery for next year06 November 2020, Published under Cement NewsNabil Francis, president and chief executive officer of Philippine-based Republic Cement, expects the country’s cement market to decline by 15 per cent YoY this year, before bouncing back in 2021. "In 2021, we will get back to 35Mt for the total market, which is more or less the level that we reached in 2019," said the CEO at an Aboitiz virtual media briefing. "Definitely, it's going to be boosted by the ambitious infrastructure programme – the 'Build, Build, Build' programme of the go... |
CeMAP appeals the reduction of import safeguard duty27 October 2020, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CeMAP) has submitted an appeal to the Department of Trade and Industry (DTI), asking it to postpone the reduction of the PHP10/bag (US$0.21) safeguard duty and instead raise it to PHP12/bag. Under a DTI order made on 27 August 2019, the PHP10/bag definitive safeguard measure on imported cement from specific countries will decrease by PHP1/bag each year until the third year. Therefore, the duty was due to go down to PHP9/bag by 22 No... |
San Miguel looks to increase plastic waste consumption23 October 2020, Published under Cement NewsPhilippines-based San Miguel Corp (SMC) is reportedly buying more plastic wastes to fuel its cement plants. "It's a more environment-friendly and sustainable alternative to using traditional fuels," said Ramon Ang, president and COO of SMC, in a statement. The initiative comes after the company’s launch of a series of sustainability efforts, which include discontinuing its plastic bottled water business, building the country's first recycled plastics road and spending PHP1bn (US$20.64m... |
CeMAP seeks probe into Philcement product origin05 October 2020, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CeMAP) confirms reports from 28 January, 2020, it brought to the attention of the Department of Trade and Industry (DTI) a possible case of non-compliance regarding Union V Super Strength 40, a cement brand of Philcement Corp. "This concern is in line with our commitment to work with all stakeholders in promoting consumer welfare and protection as part of our advocacy and for the safety and overall benefit of Filipino cement consume... |
PhilCement responds to standards compliance claim01 October 2020, Published under Cement NewsThe Cement Manufacturers of the Philippines (CeMAP) has reported a potential standards compliance issue against PhilCement Corp to the country’s Department of Trade and Industry (DTI), according to the Manila Bulletin. CeMAP Executive Director, Cirilo Pestaño, raised the "possible non-compliance of PhilCement Corp’s Union V Super Strength 40 Type 1P cement to Philippine National Standards (PNS) and Department Administrative Order (DAO) 17-06, or the new rules covering cement in the countr... |
Holcim Philippines offers one-day concrete for road projects29 September 2020, Published under Cement NewsHolcim Philippines is looking to fast-track road projects outside the National Capital region by making its one-day SuperFast-Crete concrete available to contractors in government road repair projects and help lessen disruption to commuters. According to the company, it also plans to offer SFCrete, which was launched in 2016, to contractor partners in Davao and Baguio. Holcim Philippines said that SFCrete has already proven its capabilities on 15km of roads all over Metro Manila. Holci... |
Vietnam's cement and clinker exports rise in August17 September 2020, Published under Cement NewsVietnam exported 4.2Mt of cement and clinker worth US$148.3m in August, rising 31.4 per cent MoM in volume and 24.3 per cent in value, according to the General Department of Vietnam Customs. In the 8M20 the country exported 23.9Mt of cement and clinker worth US$882m, up 1.2 per cent YoY in value and 15.7 per cent in volume. China was the biggest buyer during this period, importing 12.6Mt worth US$415.5m. This accounted for 53 per cent of Vietnam’s cement and clinker export volumes and 47 ... |
CRH sees EBITDA rise 2% in the 1H2021 August 2020, Published under Cement NewsCRH has released its unaudited results for the first half of 2020, showing a 4.9 per cent YoY decline in revenue to US$12.2bn from US$12.85bn in the 1H19. However, EBITDA edged up two per cent on a like-for-like (LfL) basis to US$1.59bn. Profit before tax for the 1H20 reached US$518m against US$717m last year, primarily reflecting a lower profit on divestments. "As a Group we took swift and comprehensive action in response to the COVID-19 crisis, and our ability to flex our cost base and ... |
Siam Cement Group releases results for Philippine operations20 August 2020, Published under Cement NewsThailand’s Siam Cement Group has reported a 39 per cent YoY decline in revenue to PHP5.34bn (US$109.7m) from its Philippine operations for the first half of the year, on the back of a weak performance in its building materials business, reports The Philippine Star. In the 2Q20, the company’s local operations posted a 53 per cent decrease in revenue to PHP2bn. The news follows the release of SCG’s overall results last week, which saw a 33 per cent YoY rise in profit for the second quarter... |
Vietnamese export volumes rise 11% in the 7M2018 August 2020, Published under Cement NewsVietnam exported 19.5Mt of cement and clinker worth US$732m in the first seven months of 2020, up 11.4 per cent YoY in volume but down 5.4 per cent in value, according to Dau Tu (Investment). In the seven-month period, the major export markets included China, the Philippines and Bangladesh. Last year, the Ministry of Construction forecast that Vietnam would sell 101-103Mt of cement and clinker in 2020, rising 4-5 per cent YoY, which would include 32-31Mt of exports. However, the predic... |