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News Philippines

Displaying items by tag: Philippines

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Republic Cement to expand production

25 June 2018

Philippines: Republic Cement has signed an agreement with its parent company Aboitiz Group to provide structural and mechanical upgrades to its plants at Bulacan and Cebu. The projects are scheduled to be completed by mid-2019, according to the Philippine Star newspaper. The cement producer is also considering increasing the clinker and cement production capacity at its plants at Teresa and Batangas, and increasing cement production at Iligan. The company is a joint venture run by Ireland’s CRH and local partner Aboitiz Group.

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Eagle Cement to benefit from US$9.9m tax break

22 June 2018

Philippines: Eagle Cement expects to save up to US$9.9m from a three-year income tax holiday for its new cement production line at its Barangay plant in Bulacan. The cement producer says it has been granted the tax exemption from the Board of Investments as it’s the only company expanding its production capacity, according to the Inquirer newspaper. Its competitors have been expanding their distribution capacity instead. Other savings are also anticipated from importing equipment from outside the country.

The company started producing cement on its third production line at its Barangay plant in April 2018. The upgrade added 2Mt/yr to the company’s total production capacity. It expects to reach its full capacity by the third quarter of 2018. The company is also building a new 2Mt/yr cement plant at Cebu is scheduled to be completed in 2020.

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Cemex Philippines commits US$57m towards Solid Cement plant upgrade

07 June 2018

Philippines: Cemex Philippines has committed up to US$57m in 2018 towards the construction a new production line at its Solid Cement plant in Antipolo, Rizal. The project will increase the plant’s production capacity to 3.4Mt/yr from 1.9Mt/yr, according to GMA News. The overall budget for the project is US$225m. Environmental approval for the new line was obtained from the Department of Environment and Natural Resources in late 2017. The upgrade is scheduled to be operational by early 2020.

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PhilCement secures US$16.7m loan for terminal

05 June 2018

Philippines: Phinma Corporation has secured a US$16.7m loan for its cement business, PhilCement, to build a terminal at Mariveles in Bataan. The five-year fixed term loan agreement was signed with Security Bank on 1 June 2018, according to Business World. PhilCement was set up in September 2017. Phinma Corporation owns a 85.7% stake in the business.

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Holcim Philippines sets US$45m spending target for 2018

21 May 2018

Philippines: Holcim Philippines plants to spend US$45m towards increasing production capacity. Its new chief executive officer John Stull told The Manila Times newspaper that the company is looking to improve efficiency at its plants to improve logistics and cut energy costs. It is also planning to hasten its equipment maintenance schedule. The cement producer set a target to increase its cement production capacity to 12Mt by 2019.

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FLSmidth to supply mills to three customers in the Philippines

17 May 2018

Philippines: Denmark’s FLSmidth has won mill orders from San Miguel Northern Cement, Ionic Cementworks Industries and Oro Cemento Industries Corporation. It will supply four OK 56-4 vertical roller mills for cement grinding for the clients at different locations in the country. In addition FLSmidth will also deliver planetary mill gear units and air pollution control filters. The mills are expected to be installed by mid-2019. No value for the orders has been disclosed.

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Starlinger installs 300th conversion line for Ad*Star bags

08 May 2018

Philippines: Austria’s Starlinger has installed its 300th conversion line for Ad*Star bags at Sakomoto International Packaging’s plant in Caloocan City near Manila. The ad*starKON line was delivered as part of two sack conversion lines for the client. Sakomoto International Packaging supplies the local cement industry with Ad*Star sacks made of polypropylene fabric.

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Eagle Cement’s first quarter profit grows on sales and efficiency gains

04 May 2018

Philippines: Eagle Cement’s profit for the first quarter of 2018 has grown due to higher sales volume and efficiency gains. Its net profit rose by 3% year-on-year to US$21.3m, according to the Philippine Daily Inquirer newspaper. Its sales revenue rose by 6% to US$77.4m. The cement producer attributed its increase in sales volume to efficient production methods at its cement plant.

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Phinma Group to import cement from Vietnam

20 April 2018

Philippines: 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.

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India Cements buys Indonesian coal producer

03 April 2018

India/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.

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