Cement News tagged under: philippines
Eagle Cement breaks ground on Cebu Line 423 November 2017, Published under Cement NewsEagle Cement Corp has broken ground on the fourth production line at its Cebu plant. The Cebu Line 4 is set for completion in 2020 and will include a 2Mta integrated cement plant, port facilities and cement terminals to serve the islands of Visayas and Mindanao. Currently, the company has two lines producing about 5.1Mta of cement and serves the greater Luzon markets. Eagle is also aiming to complete its third production line (2Mta) in Bulacan by 2018, which will raise capacity to 7.1Mta.... |
Vietnam 10M17 exports rise 23% YoY16 November 2017, Published under Cement NewsTotal cement exports from Vietnam rose to 15.12Mt in the first 10 months of 2017, representing a 22.9 per cent YoY increase. The country’s export earnings were up 13.9 per cent when compared with the year-ago period, reaching US$532.4m, according to the Ministry of Industry and Trade. Bangladesh, the Philippines, Taiwan and Peru were among major importers of Vietnamese clinker and cement, taking a 74.8 per cent share of the country’s total cement and clinker exports in the period. Ban... |
Cemex Philippines sees 63% fall in 9M17 income30 October 2017, Published under Cement NewsCemex Holdings Philippines Corp said on Friday that its net income for the first nine months of 2017 had fallen 63 per cent as a result of lower prices and volumes amid heightened competition. Net profit in the 3Q17 declined to PHP688m (US$13.33m) from the PHP1.88bn reported in the same period last year primarily due to lower prices and volumes. The company said financial expenses fell 39 per cent from a year ago following the refinancing of the company's dollar-denominated loan with ... |
Holcim Philippines breaks ground on Kalayaan project30 October 2017, Published under Cement NewsHolcim officials broke ground at its Davao plant, where two major projects are being undertaken to raise the works’ production capacity from 1.4Mta to 2.2Mta. The PHP1.5bn (US$29m) Kalayaan project will see the automation of loading of its products from ship-to-dock and an increase in grinding project. The Davao expansion is part of Holcim Philippines’ PHP2.7bn investment to raise its domestic cement capacity to 12Mta from the current 10Mta. The increased capacity will allow the compan... |
The Philippines' DTI seeks equal treatment on all imported cement04 October 2017, Published under Cement NewsThe Philippines' Department of Trade and Industry (DTI) wants to impose "equal treatment" to all imported cement, regardless if the product is brought in by a pure trader or by a manufacturer. "We're not going to give a distinction. Every [product] will undergo product testing, but we’ll see if we're going to do pre-shipment or post-shipment or both. We have to balance it in a way that there's product compliance for the benefit of consumer," Trade Secretary Ramon M Lopez said in an intervie... |
Philippines: Eagle Cement receives tax incentive26 September 2017, Published under Cement NewsEagle Cement Corp reported that two of its cement projects with a total cost of nearly PHP19bn (US$373m) have been recently approved by the Board of Investments (BOI) under the prevailing Investment Priorities Plan (IPP), which provides such business activities with fiscal and nonfiscal incentives. The projects relate to the PHP6.5bn expansion of the company’s Bulacan plant and the PHP12.5bn production facility of its wholly-owned subsidiary South Western Cement. In its disclosure to ... |
Cebu's Board of Investment approve South Western Cement Corp's 2Mta new plant19 September 2017, Published under Cement NewsA new PHP12.5bn (US$245m) cement plant for South Western Cement Corp (SWCC) in Cebu is one of the largest projects approved by the Board of Investments (BOI) in August. The planned 2Mta cement plant wil be completed in two years' time and will serve the Visayas and Mindanao markets. SWCC is a wholly-owned subsidiary of listed firm Eagle Cement Corp. The cement producer owns mineral rights in Malabuyoc, Cebu, reports the Sunstar Cebu. Trade Secretary and BOI Chairman, Ramon Lopez, i... |
Eagle Cement secures alliance with construction giant11 September 2017, Published under Cement NewsIn anticipation of a massive rise in domestic infrastructure-building, Philippines-based Eagle Cement Corp has entered into a strategic alliance of cement supply with Yuchengco family-led construction firm EEI Corp. The new deal is set to strengthen the existing partnership between the two companies by expanding the list of EEI projects that Eagle will supply cement to, as the Philippines enters what economic managers envision to be a "golden age of infrastructure." "This contract is an... |
Philippines DTI to review cement import rules04 September 2017, Published under Cement NewsPhilippine Trade and Industry Secretary, Ramon Lopez, said the country's government plans to review the current rules on cement imports following an ongoing spat among importers and producers on a proposed preshipment inspection. A draft DTI order is considering preshipment inspection as substitute for testing cement imports upon arrival in the Philippines. Several cement producers, including Eagle Cement Corp, Taiheiyo Cement Philippines, Cemex Philippines, Republic Cement and Northern C... |
Philippine cement producers oppose import inspections31 August 2017, Published under Cement NewsLetters from local cement firms addressed to Trade and Industry Secretary, Ramon M Lopez, and the Cement Manufacturers Association of the Philippines (CEMAP) have opposed plans to conduct pre-shipment inspection of imported cement, as substitute to testing upon arrival in the country. However, revised rules and guidelines would be welcomed. Ramon S Ang, chairman of Eagle Cement Corp opposed the proposed minimum requirement of pre-shipment inspection for cement imports, reports the Mani... |