Cement News tagged under: philippines
Philippines announces new duty on imported cement04 September 2019, Published under Cement NewsThe Philippines’ Department of Trade and Industry (DTI) will impose a general safeguard duty on imported cement for a three-year period to protect domestic product. The measure will take effect 15 days after the announcement made on Tuesday. "We are deciding on the imposition of definitive safeguard duty of PHP250/t (US$4.8/t) or PHP10/40kg bag for the first year of the implementation to encourage and challenge the local cement industries to be globally competitive," said the DTI in a sta... |
DTI reports that cement prices remain stable30 August 2019, Published under Cement NewsCement prices in the Philippines are holding firm despite some rumours of cement shortages, says the Department of Trade and Industry Regional Consumer Protection Division and Provisional Office (DTI). The wholesale price of a 40kg bag of cement is being sold at around PHP222 (US$4.26) and the retail price is being set at around PHP230-235. In January 2019, the DTI reported that retail prices of cement ranged from PHP220-230 in Bulacan, PHP220-250 in Nueva Ecija, PHP227-240 in Batan, PHP230... |
Lugait Cement plant upgrades to meet Mindanao's rising demand16 August 2019, Published under Cement NewsHolcim Philippines, Inc (LafargeHolcim group) is preparing to start work on the modernisation of its Lugait Cement plant in Misamis Oriental as it expects continued growth in Mindanao demand. Mindanao's cement demand comes not just from the two primary cities of Davao and Cagayan de Oro, but also from Zamboanga, Dipolog, Butuan, and other secondary cities. "For so long, Visayas demand has always been bigger than Mindanao’s. But for the last three years, we are now bigger than Visayas," sai... |
Eagle Cement Corp announces 44% rise in net profit07 August 2019, Published under Cement NewsPhilippines-based Eagle Cement Corp has announced a 44 per cent YoY rise in net profit for the first six months of 2019 to PHP8.2bn (US$156.7m), while also reporting a 21 per cent increase in sales volume and higher selling prices. In the 2Q19 net income surged 39 per cent to PHP1.7bn and revenues showed 22 per cent growth to PHP5.1bn. "We will continue to leverage on the growing [demand for] local cement, led by the private sector, and supported by the infrastructure push of the gover... |
Holcim Philippines sees 28% fall in sales for 2Q1901 August 2019, Published under Cement NewsHolcim Philippines has reported a 17 per cent YoY fall in net attributable profit to PHP716.15m (US$13.98m) for the 2Q19, while sales dropped 28 per cent to PHP7.28bn. In the first half of 2019, attributable profit declined nine per cent to PHP1.42bn and sales decreased 18 per cent to PHP15.38bn. However, EBITDA advanced 9.5 per cent to PHP3bn. "We continued to deliver value to our customers and shareholders by sustaining actions to manage our costs and improve operational efficiency de... |
Holcim Philippines completes Davao expansion11 July 2019, Published under Cement NewsHolcim Philippines has completed its 0.7Mta expansion project at its Davao facility, which has been undertaken to support the strong construction activity in Mindanao, according to a press release. "Our company is determined to continue supporting the development of Davao and the rest of Mindanao. These initiatives strengthen our ability to contribute to the progress of the region at this time of robust growth," said John Stull, CEO. The expansion involved the activation of a finish mill... |
Big Boss Cement withdraws from Tarlac project10 July 2019, Published under Cement NewsPhilippines-based Big Boss Cement has pulled out of its plans to construct a grinding unit worth PHP6bn (US$116.5m) in Bamban, Tarlac, following protests by some of the town’s residents. The protesters were reportedly concerned that the plant would pose health risks to the community, according to the Philippine Daily Inquirer. "Upon learning that the people in Bamban had contested its project, Big Boss Cement backed out," said Bamban Mayor, Jose Feliciano. Mr Feliciano also noted some of h... |
Cement importers deny activities hurt Philippine cement producers21 June 2019, Published under Cement NewsCement importers have rejected claims by local manufacturers that the import surge on cement is causing "serious injury" to the domestic industry. "Some members of the cement industry are exhibiting continuing profitability amid increased imports," the Philippine Cement Importers Association (PCIA) said in a statement on Thursday. This view was repeated by the PCIA in a position paper to the Tariff Commission, which is looking into the imposition of safeguards for imported cement, acco... |
Eagle Cement faces Malabuyoc plant delay19 June 2019, Published under Cement NewsEagle Cement Corp said the opening of its cement plant in Malabuyoc in Cebu, Philippines, will be delayed following issues in receiving the required permits for its construction. Eagle Cement President and CEO, John Paul L Ang, said the opening of its fourth cement line will be postponed by more than six months from its original end-2020 commissioning date. "Despite the setback, we are still targeting to sell cement in the Visayas region by end-2020 as promised," Mr Ang added. The company... |
Southeast Asia: tough times – consolidation ahead?17 June 2019, Published under Cement NewsAs Western giants are exiting the southeast Asian cement market, a new wave of consolidation, this time by local companies, is taking place. By Manas Tamotia, LEK Consulting, Singapore China’s Sinoma International Engineering Co Ltd is adding 10,000tpd of cement capacity to PT Cemindo Gemilang’s production base at the Bayah plant in Banten province, Indonesia As inflexible Western giants continue to withdraw from their positions in southeast Asia, the region’s cement market i... |