Displaying items by tag: Philippines
Phinma Group to import cement from Vietnam
20 April 2018Philippines: Phinma Group plans to buy a cement plant in Mariveles in Bataan and use it as a terminal to discharges exports from Vietnam. President and chief executive officer Ramon del Rosario, Jr added that the site will be operational by May 2019, according to GMA News. The site will be used to import and process 2mt/yr of cement. A deep water port at Mariveles is anticipated to allow Panamax size ships to discharge cement.
India Cements buys Indonesian coal producer
03 April 2018India/Indonesia: India Cements has purchased an 100% share of Raasi Minerals through its subsidiary Coromandel Minerals. The Singapore-based company owns a controlling stake in several coal mines in Indonesia. No value for the transaction has been disclosed.
Philippines: Germany’s ThyssenKrupp hopes to secure orders of around US$50 – 100m in 2017 due to the government’s ‘Build, Build, Build’ infrastructure development programme. It raised US$30m in the country in 2017, according to the BusinessWorld newspaper. The equipment manufacturer wants to benefit from the construction of new cement and power plants. Typically, it provides the engineering and material handling aspect of a project, while a local partner handles the construction.
Philippines: Trade Secretary Ramon Lopez says that all imports of cement have passed quality tests since the implementation of the new Department Administrative Order (DAO) in November 2017. He said that a review of the DAO found a total of 167 cement shipments totalling 1.93Mt conducted by 32 traders and manufacturers, according to the Philippine Star newspaper. Of the 167 shipments, Lopez said 24 conducted pre-shipment tests from its source country through accredited testing laboratories. He added that the pre-shipment tests were also subject to post-shipment tests and all passed the post-shipment tests also. The review was carried out to check whether pre-shipment tests were rigorous enough.
Philippines: Phinma Group has returned to the cement industry bringing its ‘Union Cement’ brand back to the market. Its cement production subsidiary, Philcement, is also building a new 2Mt/yr cement plant in Bataan, according to the Philippine Daily Inquirer newspaper. The new plant is expected to be operational in early 2019. No cost for the plant has been disclosed.
Phinma sold its majority interest in Union Cement in 2004 and the business eventually became part of Switerland’s Holcim. However, Phinma subsequently required the Union Cement trademark after Holcim Philippines abandoned it.
The cement producer’s head is Eduardo Sahagun, the former boss of Holcim Philippines from 2013 to 2017. At present Philcement is distributing cement from third parties.
Eagle Cement grows profit in 2018 due to increased sales
19 March 2018Philippines: Eagle Cement’s net profit rose by 4% year-on-year to US$82m in 2017 from US$79m in 2016. It attributed this to increased sales, which rose by 12% to US$286m.
“We have continued to beat our operational targets in terms of volume growth and cost efficiencies. Our efforts in upgrading and debottlenecking of our existing production lines allowed us to keep healthy margins despite the challenging market environment,” said president and chief executive officer Paul Ang.
The cement producer is currently expanding its production capacity with a third production line at its Bulacan plant, which is due to start operation later in 2018. The new line will increase the company’s cement production capacity to 7.1Mt/yr. In November 2017 the company broke ground on its fourth production line at its Malabuyoc plant in Cebu. The project is on track for completion in 2020, and it will add another 2Mt/yr to the company’s capacity. The work at Malabuyoc also includes a marine terminal.
New Philippines cement plant rumoured
13 March 2018Philippines: Ionic Cementworks Industries has received approval from the Philippines board of investment to set up a 2Mt/yr integrated cement plant in Pagbilao, Quezon Province, according to Inside International Industrials, which quoted a source close to the company. The cost of the plant is estimated to be in the region of US$230m and the plant expected to commence commercial operations in 2021.
Big Boss Cement appeals against investment board rebuff
23 January 2018Philippines: Big Boss Cement has appealed against a decision by the Board of Investment (BOI) denying its application for registration because it lacked ‘proof of concept’. Big Boss’ president Gilbert Cruz said that the new cement company’s application was turned down in 2017 because it was not producing clinker, according to the Manila Bulletin newspaper. It plans to open a cement grinding plant in Pampanga in March 2018.
Big Boss Cement to launch in the Philippines
12 January 2018Philippines: SM Group heir Henry Sy Jr has launched Big Boss Cement with a group of investors. The new cement producer plans to start selling cement in March 2018, according to the Manila Bulletin newspaper. Its first product will be called ‘Big Boss Cement Type 1P.’
It has nearly completed a cement grinding plant that will have a production capacity of 1.5 million bags/yr at Porac in Pampanga. The company hopes to capture 3% of the estimated market demand for cement of 25Mt/yr. Big Boss Cement operates a laboratory in Metropolitan Manila.
Philippines: Cemex Philippines has received an environmental compliance certificate from the Department of Environment and Natural Resources (DENR) for a proposed new production line at its cement plant operated by Solid Cement at Antipolo City, Rizal. The cement producer wants to build a new 1.5Mt/yr line at the site, according to the Philippines News Agency. Cemex and CBMI Construction signed a deal to build the line in May 2017.