Cement News tagged under: philippines
Philippines: gearing for growth30 June 2017, Published under Cement NewsCement producers in the Philippines are gearing for growth, outlining new plant projects to ensure they are prepared to address the demand of anticipated public and private infrastructure spending. Cement demand in the Philippines has taken off in recent years, largely due to government infrastructure investment as well as industrial and commercial sector activity. Domestic cement consumption in 2016 amounted to just under 26Mt, up 6.6 per cent YoY despite a slowdown in the fourth quarter ... |
Eagle Cement reports 30% 1Q earnings rise30 June 2017, Published under Cement NewsEarnings of the newly-listed Eagle Cement Corp in the Philippines increased by 30 per cent in the first quarter of 2017, driven by a rise in sales volume during the first three months of the year. Net income reached PHP1.03bn (US$20.3m) for January to March, following an increase of 19 per cent in net sales to PHP3.77bn. "The retail business remains strong and with the government's pronouncement of increased infrastructure spending under its PHP8-trillion "Build Build Build" plan, th... |
Republic Cement outlines capacity development plans23 June 2017, Published under Cement NewsPhilippine-based Republic Cement group, a joint venture between CRH and local conglomerate Aboitiz Equity Ventures, has announced plans to invest an initial US$300m for its capacity development activities, the Manila Bulletin reports. The first phase of these activities, targeted for completion by 2019, focuses on increasing the capacity of all its integrated plants in Luzon and Mindanao, both in terms of milling and clinker production, to increase cement capacity by 3Mta. Moreover, iimpro... |
BOI seeks further industry investments21 June 2017, Published under Cement NewsThe Philippine Board of Investments (BOI) is seeking investment in the cement sector as it expects demand to hit 40Mta by 2020 due to a peak in government infrastructure spending. To prevent a supply shortfall, the Department of Trade and Industry (DTI) is starting preparation to ensure that construction materials are sufficient to support the government’s massive “Build, Build, Build” programme and the PHP10bn reconstruction budget for Marawi City. Last year, domestic cement consump... |
Cemex Philippines sees 2H acceleration08 June 2017, Published under Cement NewsCemex Holdings Philippines Inc is optimistic that its sales volumes will recover from the subdued first quarter and grow by three per cent by the end of the year from the 5.1Mt of cement it sold in 2016, the Manila Bulletin reports. In an interview after the firm's annual stockholders' meeting, Cemex Vice President for Communications, Marketing and Investor Relations, Paul Vincent Arcenas, said they expect a rebound in sales volume in the second half of the year. "The second half is (e... |
Cemex and CBMI sign contract for Solid line06 June 2017, Published under Cement NewsCemex Philippines has signed a contract with CBMI for the construction of a new kiln production line in the Philippines. The contract involves the design and engineering works of a new 1.5Mta integrated production line at Cemex’s Solid Cement plant in Rizal. The scope of the order spans raw material crushing right through to packaging and dispatch and covers engineering, equipment supply, civil work, erection, training and commissioning. It is the first cooperation between CBMI and C... |
DMCI Holdings considering cement debut06 June 2017, Published under Cement NewsPhilippine conglomerate DMCI Holdings plans to enter the cement business with the potential construction of a cement plant to make use of low-grade coal and vast limestone reserves in Antique’s Seminar Island. Speaking to local press, DMCI Chair and President, Isidro Consunji, said the plant could initially produce 5000tpd of cement. DMCI units Seminar Mining and Power Corp are already mining coal on Seminar Island. “DMCI is doing development work,” Mr Consunji said, adding that a 40M... |
Eagle Cement IPO oversubscribed25 May 2017, Published under Cement NewsEagle Cement Corp's Initial Public Offering (IPO) has been well received, with its initial public offering (IPO) oversubscribed by more than three times. Completing its offer on 22 May 2017, Eagle priced its IPO at PHP15 per share and sold 500m common shares by way of primary offer with an overallotment option of up to 75m secondary shares. Joint lead underwriters China Bank Capital Corp, SB Capital Investment Corp, and PNB Capital and Investment Corp, attributed the market’s positive re... |
Vietnam April exports up 6.7%19 May 2017, Published under Cement NewsVietnam exported more than 1.9Mt of cement and clinker, reflecting an export value of US$67.4m, according to the country’s Customs Department. This represents a YoY increase of 6.7 and 7.6 per cent, respectively. In the first four months of the year, the country exported 6.7Mt of cement and clinker, up 12.8 per cent YoY. In terms of value a 7.9 per cent rise to US$235m was reported. Bangladesh and the Philippines were the largest importers, accounting for 37 and 32 per cent, respectively o... |
Eagle Cement Corp prices IPO at PHP1515 May 2017, Published under Cement NewsEagle Cement Corp has priced its initial public offering (IPO) at PHP15 (US$0.30)/share, following the recent approval of its public listing by the Philippine Stock Exchange (PSE), to raise up to PHP8.63bn. The firm plans to sell 500m common shares by way of primary offer with an over-allotment option of up to 75m secondary shares. The offer period is set on 16-22 2017 while target listing date is on 29 May 2017. "We are very pleased with the bookbuilding results. The issue was well r... |