Displaying items by tag: Philippines

Vietnam: Data from the Vietnam Cement Association (VNCA) shows that the country’s export volumes of cement rose by 55% year-on-year to 31.7Mt in 2018. Producers generated an estimated US$1.2bn from exports, according to the Viet Nam News newspaper. The VNCA’s Chairman Nguyen Quang Cung attributed growing exports to decreased production in China, where production lines have been closed due to pollution.

The Ministry of Construction has attributed growing exports to better performance in the construction sector. Domestic cement consumption grew by 9% to 65.1Mt in 2018. It estimates that consumption will rise by up to 8% in 2019 to around 99Mt, comprising 69Mt for the local market and 30Mt for export. The main export markets in 2019 are expected to be the Philippines, Bangladesh, China, Taiwan and Peru.

Philippines: The Philippine Cement Importers Association (PCIA) has warned of a slowdown in the construction sector due to an investigation in tariffs started by the Department of Trade and Industry (DTI) in September 2018. The association says that several importers are ‘wary’ and have stopped imports, according to Philippine Daily Inquirer newspaper. Napoleon Co, president of the PCIA, said that although local cement producers have started building new plants it will take three or four years for these to start production. In the meantime, he argued, importers are required to meet market demand. He added that import tariffs on cement would also add costs to end consumers.

Philippines: Laban Konsyumer (LK), a consumer group, has asked the Department of Trade and Industry (DTI) to delay an investigation into whether tariffs should be imposed on imported cement. It says that any potential duties are bad for consumers as it will decrease imports and create shortages, according to the Manila Bulletin newspaper. Instead the LK argues that the DTI should allow the expansion of local production capacity to finish before investigating imports. The DTI started an investigation into cement imports in September 2018 amid reports of declining revenue from local producers.

Philippines: Cemex Philippines has resumed operation of both kilns at its Barangay cement plant in Cebu. It also said that it would cancel the planned closure of its Davao terminal and a temporary layoff of workers, according to the Manila Standard newspaper. The cement producer said it made the decision to resume its Davao operations as it continued to cooperate with APO Land & Quarry, which is the company’s principal raw material provider, and the national and local authorities to address the situation in Naga City, Cebu. The company’s decision to scale back its operations in late November 2018 followed a suspension of APO Land and Quarry after a landslide.

Philippines: China’s Huaxin Cement is preparing to sign a US$245m engineering, procurement and construction (EPC) contract with Holcim Philippines to build a new production line at its Davao plant. The Kalayaan 2 project includes a 6000t/day clinker production line, a 7MW waste heat recovery unit and upgrades to a 3000t/day production line. The contract follows a previous project between the companies on a mill at the plant.

Philippines: The European Chamber of Commerce of the Philippines (ECCP) has elected Nabil Francis as its new president. Francis is currently the head of Republic Cement and has been in post since mid-2017. He has worked for a variety of cement producers since 1998 including Ciments Calcia in Europe, Italcementi in Sri Lanka, India and Bulgaria, and HeidelbergCement in Morocco. The ECCP is a bilateral foreign chamber that promotes European interests in the Philippines and vice versa.

Philippines: Holcim Philippines plans to invest nearly US$300m towards increasing its production capacity by 30% to 13Mt/yr by 2020. It will upgrade its plants at Bulacan and Misamis Oriental with the installation of new kilns, mills and waste heat recovery systems. The upgrades are intended to support the country’s economic development and strong construction sector.

“Our capacity expansion ensures that we can provide a steady supply of quality building materials to support the government’s infrastructure program and the resulting construction activity from the economy’s sustained rise,” said John Stull, Holcim Philippines president and chief executive officer (CEO).

The projects are part of a series of capacity and productivity investments that Holcim Philippines started in 2012 with the rehabilitation of its grinding plant in Mabini, Batangas. This was followed by debottlenecking of plants in 2015 and expansion projects in La Union and Davao that are set to be completed in 2019.

Philippines: Solid Cement is using a US$75m loan from Cemex Asia to partly pay for a new production line at its plant in Antipolo, Rizal. The subsidiary of Cemex Holdings Philippines has made an initial withdrawal of around US$41m, according to the Manila Standard newspaper. The upgrade has a total cost of US$235m and it is scheduled completion in 2020. The new line will be supplied and built by China’s CBMI Construction.

Philippines: Cemex Philippines’ subsidiary APO Cement plans to close its Davao cement terminal and indefinitely suspend one of its kilns at its Barangay plant in Cebu. It said in a statement that it had taken this action due to uncertainty caused by the disruption to its raw material supply, according to GMA News. It follows the on-going suspension of APO Land and Quarry following a landslide in September 2018. APO Land & Quarry supplies raw materials to APO Cement.

Ireland: CRH’s sales rose by 3% year-on-year to Euro19.9bn in the first nine months of 2018. Its earnings before interest, taxation, deprecation and amortisation (EBITDA) increased by 2% on a like-for-like basis to Euro2.5bn. The building materials producer said that its earnings had been supported by growth in the Americas despite poor weather. It added that ‘momentum’ remained positive in Europe and demand had improved in Asia. However, its EBITDA dropped by 44% in Asia.

By region the group reported falling cement sales volumes in the UK and Ukraine. Sales volumes rose in most other European territories, with particular growth in Hungary, Germany, Poland, Serbia and Switzerland. In the US it said that its newly acquired Ash Grove Cement assets and ones in Florida had performed in line with expectations. However, sales in Canada fell due to poor weather. Sales in the Philippines rose by 3% due to rising cement sales volumes and prices following growing demand. However, here earnings were hit by higher fuel and power costs.