Displaying items by tag: Philippines

Switzerland: LafargeHolcim’s like-for-like net sales fell by 2.6% year-on-year to Euro6.04bn in the third quarter of 2020 from Euro6.68bn in the same period in 2019. However, its recurring earnings before interest and taxation (EBIT) rose by 10% to Euro1.35bn from Euro1.33bn. It attributed recurring EBIT margin growth to margin increase in its cement business and cost management under the ‘Health, Cost & Cash’ action plan. For the first nine months of 2020 net sales fell by 7.9% year-on-year to Euro16.0bn from Euro18.9bn in the same period in 2019. Its EBIT decreased by 7.2% to Euro2.47bn from Euro2.88bn.

“Our third quarter results demonstrate the resilience of our business and the strength of our decentralized, empowered operating model,” said chief executive officer (CEO) Jan Jenisch. “In addition, the Group saw an increase in revenues from its branded products, which are sold across its broad distribution and retail network. For example, the company recorded a volume increase of 5% in its cement bag sales.”

Third quarter sales and earnings were either stable in improved in most regions with the exception of North America and Middle East Africa. In North America volumes were reduced by coronavirus and a slowdown in the oil and gas industry in western Canada. Overall sales fell in Middle East Africa but earnings were aided by sales volume growth in Nigeria. Elsewhere, cement market recovery was noted in Mexico and Brazil and weaker markets mentioned in the Philippines and Australia.

Philippines: LafargeHolcim subsidiary Holcim Philippines has launched a new social media marketing campaign for its flagship general purpose Excel brand cement. The Business Mirror newspaper has reported that the campaign uses the words “support and lift” in relation to the attributes consumers most associate with Excel cement.

The company said, “Holcim Philippines has sold over 1bn bags of Excel since 2000. This reflects the trust of local contractors, who in turn have used this to build many of the things that benefit us today. This campaign is a reminder that Excel will continue to be reliable partner in building a better Philippines moving forward.”

Philippines: LafargeHolcim subsidiary Holcim Philippines says that it will “strengthen its commitment to development as a supporter of manufacturing and construction” on Mindenao, where it operates the Davao and Misamis Oriental cement plants, to help the island recover from the economic effects of the Covid-19 outbreak.

Sales senior vice president William Sumalinog said, “We are not slowing down at this time when the government has deemed it essential to continue upgrading infrastructure. Doing so not only raises the level of competitiveness of the manufacturing industry, but also shields the economy from the blows of the pandemic. We remain confident that we are well-equipped to deliver great value and support to builders working to improve the competitiveness of Mindanao’s economy and to all our stakeholders in the region who are united in their dreams of a better Mindanao."

Philippines: The Department of Trade and Industry says that it is considering banning Bureau of Philippines Standards-certified companies’ cement from bearing the label ‘Made in the Philippines’ where it was produced in another country. The Cement Manufacturers Association of the Philippines has complained that the labels constitute false advertising.

Trade Secretary Ramon Lopez said that any regulative action would follow a thorough review, but “offhand, if products are not really manufactured here, they cannot be labelled as ‘Made in the Philippines.’”

Philippines: Germany-based Hazemag says that it has supplied two HRC 1230 roller crushers to Northern Cement’s 2.0Mt/yr Bulacan, Quezon cement plant. The supplier says that each crusher has a capacity of 800t/hr and will grind pozzolan, shale and silica in the plant’s additive crushing and handling line.

Vietnam: The Vietnam National Cement Corporation (VICEM) says that total cement and clinker exports in the first eight months of 2020 were 23.9Mt, up by 16% year-on-year from 20.7Mt in the corresponding period of 2019. The total value of exports rose by 1.2% to US$882m from US$872m, corresponding to a price drop of 12% to US$36.9/t from US$42.1/t.

Saigon Online News has reported that the main source of demand growth is China’s burgeoning post-coronavirus lockdown construction market, where a 35% year-on-year increase in cement consumption in July 2020 has enabled Vietnamese producers and traders to undercut the cement prices of the newly streamlined domestic industry. China received 12.6Mt (53%) of Vietnam’s cement and clinker exports, followed by the Philippines with 4.5Mt (19%) and Bangladesh with 1.7Mt (7.1%).

Philippines: LafargeHolcim subsidiary Holcim Philippines says that it has partnered with digital news platform providers Pinoy Builders. The commercial partnership involves Holcim Philippines providing Pinoy Builders with its cement, concrete and health and safety expertise.

Marketing and innovation senior vice president Ram Maganti said, “The Philippines is a very digitally-savvy country and the majority of professionals in the Philippines' construction industry are millennials who are 'digital natives.' With its steadily-growing number of subscribers and followers, Pinoy Builders is helpful in our efforts in engaging and positively influencing the construction industry. We are excited in continuing to contribute to this platform to let Filipino building professionals know how our offerings and solutions can help them in their projects.”

Vietnam: Producers have reported a 5.4% fall in value of cement and clinker exports to US$732m in the first seven months of 2020 from US$774m in the corresponding period of 2019. Volumes increased by 11% to 19.5Mt from 17.6Mt. Dautu Online News has reported that Bangladesh, China and the Philippines were among import markets for Vietnamese cement.

The Ministry of Construction maintains its 2019 projection of 32Mt – 33Mt of cement and clinker exports in 2020.

Philippines: Aboitiz Group food and agriculture subsidiary Pilmico Foods says that it has developed a waste ash-based concrete mix that contains 20% less cement than its previous mix and that “can be used for all of the company’s construction needs.” The Manila Bulletin newspaper has reported that the ash is sourced from burnt rice husks, a fuel source for Pilmico’s food production and itself a by-product of its operations. Central Maintenance Department mechanical supervisor Michael Cayabyab said, “When we started using the biomass boiler almost two years ago, we saw process improvements and reduced costs. But in Pilmico, we know that the challenge does not stop there." The company has yet to commercialise the concrete, however it hopes to inspire others with its “demonstration of the circular economy demolishing the divide between industries.”

Philippines: Eagle Cement recorded a net profit of US$26.5m in the first half of 2020, down by 61% year-on-year from US$68.0m. Sales also fell, by 44% to US$120m from US$214m.

Chief executive officer (CEO) Paul Ang said, “These are very difficult times but we remain confident that the economy will recover from this pandemic and emerge stronger. The government’s steady push for the completion of major infrastructure projects and the private sector’s readiness to bounce back offer encouraging signs for our company’s prospects moving forward.” He added, “More aggressive strategies in pricing and marketing will be undertaken in the remaining half of the year.”