Cement News tagged under: philippines
Holcim Philippines reports fall in net profit for 201702 March 2018, Published under Cement NewsHolcim Philippines has announced its results for 2017 and reports a net profit of PHP2.4bn (US$46.2m) for the full-year period, a fall of 65 per cent compared to the previous year. This has been attributed to a slowdown in the construction sector, increased competition and higher input costs, according to the Business Inquirer. Similarly, revenue decreased 13.9 per cent YoY to finish at PHP24.7bn, while EBITDA dropped 49.6 per cent to PHP5.4m. "The construction growth slowdown, tighter co... |
Holcim Philippines CEO says policies will help women to get to the top22 February 2018, Published under Cement NewsHolcim Philippines' CEO, Sapna Sood, says that by 2030 she hopes women will account for roughly a third of the company's total number of employees. Ms Sood is calling for greater diversity in the company that is associated mainly with men. On the senior level, Holcim Philippines' workforce is 32 per cent female. "What we're doing in order to enhance the participation of females in the company first of all it's about policies, having the right policies, having the right infrastructure so... |
Big Boss Cement to prove concept to Board of Investments22 January 2018, Published under Cement NewsHenry SY JR's Big Boss Cement Inc (BBCI) failed to get initial approval after the Philippine Board of Investments (BOI) denied its first application, because it lacked 'proof of concept'. BBCI President, Gilbert Cruz, said they filed a motion on Friday for reconsideration to the BOI to show their proof of concept. According to Mr Cruz, BBCI's initial application filed last year was disqualified by BOI because their process does not produce clinker. Mr Cruz, who claims to have tweaked the ... |
Hoang Phat Vissai exports 0.22Mt in January15 January 2018, Published under Cement NewsHoang Phat Vissai Group (The Vissai) has exported 220,000t of cement and clinker from Nghi Thiet port in Vietnam’s Nghe An province since the start of January. The exported cement is destined for the Philippines, Canada and China, according to Nguyen Quoc Tai, director of Nghi Thiet port and the grinding unit of Song Lam Cement JSC, a The Vissai affiliate. The Nghi Thiet grinding facility entered service in June 2017. |
Republic Cement honoured with Quarry Operations Award15 January 2018, Published under Cement NewsRepublic Cement’s Teresa, Rizal, plant site has won the Presidential Mineral Industry Environmental Award-Platinum Achievement Award for Quarry Operations at the 64th Annual National Mine Safety and Environment Conference in Baguio City. This honour is given to companies that have exhibited outstanding levels of dedication, initiative and innovation in working toward environmental protection, safety and health management and community development. In addition to its quarry award, Republ... |
Big Boss Cement launched in Manila11 January 2018, Published under Cement NewsA new cement business, Big Boss Cement Inc, was launched in Manila, Philippines, on Thursday, according to ABS-CBN News. The company plans to use lahar or other volcanic debris to produce cement, since the process requires less heat than conventional raw materials and therefore, will reduce CO 2 emissions. The chairman of Big Boss Cement, Henry Sy Jr, also serves as chairman of SM Prime Holdings. "There’s a huge demand for cement. The company believes we should be able to fill in the d... |
Semen Indonesia18 December 2017, Published under Cement NewsHigh cement demand on the Philippine island of Mindanao has reportedly rekindled Semen Indonesia’s interest in setting up a facility there. Under President Duterte and his extensive ‘Build Build Build’ infrastructure programme, Mindanao is enjoying a surge in construction activity and resulting demand for cement and other building materials. Semen Indonesia currently exports to Mindanao but, according to local press reports, has said, “We are looking for opportunities here because the ... |
Cemex receives environmental approval for Solid Cement expansion18 December 2017, Published under Cement NewsCeemex has been given the all clear from the Department of Environment and Natural Resources (DENR) for the its proposed expansion of its cement plant the Antipolo City, Rizal, Philippines. The Solid Cement Corp (SCC) plant will be expanded by 1.5Mta, doubling cement capacity at the facility with the new line. Cemex Holdings Philippines (CHP) signed a contract with CBMI Construction Co Ltd to commence the first phase of SCC's expansion project in Antipolo City in May 2017. |
Concern over latest Philippine export rule27 November 2017, Published under Cement NewsErnesto Ordoñez, director for quality enforcement at the Philippine Safety and Quality Foundation, has said the group holds concerns over the latest administrative order released by the Department of Trade and Industry. The order allows pre-shipment testing of cement imports. Therefore, the inspection of the product can be completed at the point of origin, followed up by a verification process once the product arrives in the Philippines. Ordoñez fears that the new rule could lead to a... |
Holcim Philippines uses cigarettes as fuel27 November 2017, Published under Cement NewsCigarettes seized due to excise tax liability will now be used as a fuel by Holcim Philippines. The 9496 cases of cigarettes worth PHP142.4m (US$2.8m) will be burnt over the course of 15 days, according to SunStar. The Department of Finance has allowed their use as an alternative fuel by Holcim Philippines Davao. "I would like emphasize that this is not the last incineration that will happen. All tobacco products found to have been produced without its manufacturer paying the correspondin... |