cement - updates

Rappler's latest stories on cement


CHR: Big oil, cement firms legally, morally liable for climate change effects

Dec 11, 2019 - 10:19 AM

'We have found, based on the evidence presented before us and also our own research, that carbon majors may in fact be held morally liable and legally liable,' says the Philippines' Commission on Human Rights

CLIMATE ACTION. Demonstrators demand urgent action on the climate crisis from world leaders attending the COP25 summit, in Madrid, Spain on December 6, 2019. Photo by Oscar del Pozo/AFP

Stocks to Watch: Waiting game for infrastructure

Jul 22, 2019 - 9:30 AM

The infrastructure boom is not quite here yet, and that may be good for patient investors

San Miguel acquires 85.7% of Holcim Philippines for $2.15B

May 10, 2019 - 12:50 PM

'The acquisition of HPI will increase the foothold of the San Miguel Group in the cement business, and will provide the opportunity to implement its plan to expand its cement business nationwide,' says San Miguel

Cement shortage seen to delay construction projects – Pronove Tai

Apr 10, 2019 - 8:30 PM

The local cement industry already cannot meet the Philippines' annual demand. Temporarily imposing tariffs on imported cement does not make it any better, according to Pronove Tai.

Photo by Inoue Jaena/Rappler

Aboitiz Equity Ventures net income up by 3% in Q1 2018

May 03, 2018 - 5:45 PM

The net income of the Aboitiz Group's holding firm increases to P4.8 billion for the January to March period, from P4.7 billion in the same quarter a year ago

Henry Sy Jr retires early from NGCP

Mar 07, 2018 - 5:00 PM

The son of the country's richest man leaves the National Grid Corporation of the Philippines 'to focus on his real estate business'

In Quezon City, ‘bamboo houses’ shelter children with disabilities

Nov 01, 2017 - 11:51 AM

Families of young PWDs are prioritized in this project because they are in most need of a decent house

DECENT HOME. The Vincentian Foundation believes children with disabilities are the most in need of decent housing. Photo by Patty Pasion/Rappler

Eagle Cement expands deal with construction giant EEI

Sep 11, 2017 - 10:00 PM

With its pipeline of projects EEI believes Eagle Cement s soon to be expanded capacity will be a valuable asset to its construction business

STRATEGIC ALLIANCE. The new deal is set to strengthen the two companies' existing partnership, as Eagle expands the EEI projects that will be supplied by the cement firm. File photo by Eagle Cement

How Ramon Ang became Philippines' 10th richest man in 2017

Aug 25, 2017 - 8:00 AM

In just a year s time the chief of the country s most diversified conglomerate San Miguel Corporation nearly doubles his fortune to 2 3 billion

BIG GAIN. In Forbes Asia's 2017 list of the country's 50 wealthiest people, Ang almost doubled his net worth in just a year's time to $2.3 billion (10th spot), from $1.21 billion in 2016 (16th spot). Rappler infographics

Eagle Cement income grows in 1st half of 2017 despite low cement prices

Aug 08, 2017 - 9:40 PM

Cement prices which range from P170 to P180 per bag are at a 4 year low because of increased competition in the industry

Meet Ramon Ang, Filipino billionaire and Duterte's friend

Jul 23, 2017 - 9:58 PM

As Ramon Ang aggressively expands his businesses he stays on the good side of President Rodrigo Duterte through his philanthropy and campaign donations

FRIEND. President Rodrigo Duterte (left) sees Ramon Ang (right), chief of San Miguel Corporation, as his fast friend

Eagle Cement aims to be market leader by 2020

May 29, 2017 - 5:15 PM

Investors swarm Eagle Cement s debut on the Philippine Stock Exchange as the Ang led company goes full blast in its expansion

RISE ABOVE. Eagle Cement Chairman Ramon Ang said his company aims to expand its market share to at least 25% by 2020, from the current 14%. Photo by Alecs Ongcal/Rappler

Aboitiz group to pour $300 million into cement business

May 15, 2017 - 6:44 PM

Republic Cement Building Materials Incorporated is riding on the national government s aggressive infrastructure spending of about P8 trillion until 2022

2ND LARGEST PRODUCER. This is Republic Cement's plant in Barrio Bigte, Norzagaray, Bulacan. Image from Republic Cement website

PSE approves Eagle Cement, Cebu Landmasters IPOs

May 10, 2017 - 9:10 PM

The offer period of Eagle Cement will be from May 16 to 22 while the Cebu Landmasters offering will be from May 19 to 26

Ramon Ang's Eagle Cement in race to rise above multinational giants

May 02, 2017 - 4:35 PM

Eagle Cement is the 4th largest cement producer in the Philippines To outpace the giants the Ramon Ang led firm wants to build plants in the Visayas and Mindanao

BUILDING GROWTH. Eagle Cement's competitive strength: Its end-to-end production strategy which integrates critical raw material sourcing with modern manufacturing technology. Photo from Eagle Cement

Ramon Ang's Eagle Cement to go public in May

Mar 02, 2017 - 3:05 PM

The 4th largest cement firm in the Philippines is expanding its production capacities as the Duterte administration plans to spend more for infrastructure projects

3RD CEMENT FIRM. Eagle Cement will be the 3rd cement company to be listed with the Philippine Stock Exchange. The two others are Holcim Philippines Incorporated and Cemex Holdings Philippines Incorporated, which conducted an IPO in 2016. Rappler file photo

PCC's 2017 priorities: Int'l shipping, cement, power, agriculture

Dec 05, 2016 - 9:25 PM

The Philippine Competition Commission will review these 4 sectors next year to check for possible anti competitive measures

COLLABORATION. Sector regulators have signed a memorandum of understanding with PCC to work together on promoting fair market competition in the country. Photo from Philippine Competition Commission

Ramon Ang to build $300M cement plant in Davao

Sep 28, 2016 - 6:00 PM

The manufacturing facility will be able to produce two million tons or 50 million bags of cement per year

SUNNY OUTLOOK. Ramon Ang identifies Davao – hometown of President Rodrigo Duterte – as a key growth area for the Philippines

Cemex Philippines debuts on PSE, to spend $300M

Jul 18, 2016 - 8:01 PM

In its market debut share price of Cemex closes higher by 3 16 to P11 10 from its initial public offering IPO price of P10 75 per share

LARGEST. Finance Secretary Carlos G. Dominguez (center) joins Cemex and PSE board members in ringing the bell during the P25.1-billion IPO listing of Cemex. Photo from Department of Finance

DOT Bicol opposes proposed mining in Albay tourist spots

Mar 28, 2016 - 3:15 PM

The proposal to mine limestone in Camalig town is being opposed by the regional tourism office as it would destroy several tourist attractions

Tourists at the Quitinday Green Hills in Camalig, Albay. Photo by Rhaydz Barcia

Mexico's Cemex eyes $855-M IPO in the Philippines

Mar 14, 2016 - 10:58 AM

This could be the biggest debut in the Philippine Stock Exchange in terms of capital raised

DEBUT. In May 2015, CEMEX made a $300-million investment in the Philippines. Photo from CEMEX Philippines Website

China's industrial overcapacity 'damaging global economy'

Feb 22, 2016 - 4:27 PM

The European Union Chamber of Commerce in China says Beijing must be willing to change itself

epa05162058 European steel workers protest against China's dumping price in Brussels, Belgium, 15 February 2016. The demonstration of European Steel Association (EUROFER) and Workers of steel industry has been organized following a severe downturn in the price of steel caused by a flood of imports into Europe from China. EPA/STEPHANIE LECOCQ

Gov't issues notice of violation to oil-spilling Rizal cement plant

Sep 11, 2015 - 3:40 PM

UPDATED If an ongoing investigation shows the plant s neglect led to the spill the company may have to pay a fine of up to P50 000

CLEAN UP. Volunteers help recover bunker fuel oil that had leaked into Rizal rivers from a Solid Cement plant in Teresa town. Photo courtesy of Solid Cement Corp

Coast Guard: Rizal oil spill 'contained'

Sep 11, 2015 - 12:27 PM

The cement plant responsible for the oil spill says it has recovered 70 of the bunker oil it had inadvertently released into Rizal s waterways

CLEAN-UP. Volunteers collect contaminated riverside grass from riverbeds in Rizal province. All photos from Solid Cement Corp

Oil spill leaves foul odor, stomach pains in Rizal villages

Sep 09, 2015 - 10:00 PM

Government and company officials rush to contain the spill from Solid Cement plant before it reaches Laguna Lake

LINGERING. Oil clings to riverside grass cut by Solid Cement company workers in Sitio Cabisig, Antipolo, Rizal. Photo by Pia Ranada/Rappler

Cement plant spills 2,000 liters of bunker oil into Rizal river

Sep 09, 2015 - 4:57 PM

Traces of the oil spill have been found on Morong River the nearest tributary leading to Laguna Lake

OIL-SMEARED RIVERBANK. The banks of the river are smeared with bunker oil that leaked from a Solid Cement Corporation plant in Antipolo City. Photo by Pia Ranada/Rappler

Mother named as the first 'Republic Tibay Hero'

Jul 18, 2015 - 9:00 AM

67 year old Delia Balonzo is the winner of this year’s “Republic Tibay Mo Inspirasyon Ko ” Get to know her story of tibay mula sa loob

Despite dismal April growth, manufacturing sector still upbeat

Jun 10, 2015 - 6:15 PM

NEDA says the sector remains optimistic as some firms would want to maximize the EU zero tariff trading scheme Plus some Japanese firms have expressed plans to relocate to the country

CEMEX invests $300M in Luzon plant production line

May 15, 2015 - 3:07 PM

The new investment emphasizes the Mexican firm s continuing commitment to Philippine growth

President Benigno S. Aquino III greets CEMEX chief executive officer Fernando Gonzalez during the Courtesy Call at the Music Room of the Malacañan Palace on Thursday (May 14, 2015). Also in photo are United Mexican States Ambassador to the Philippines His Excellency Julio Camarena Villaseñor, CEMEX Asia president Joaquin Estrada and CEMEX Strategic Philippines, Inc. president and chief executive officer Pedro Palomino. (Photo by Gil Nartea / Malacañang Photo Bureau)

CEMEX opens P3B cement mill in Cebu

May 02, 2015 - 8:23 PM

The mill increases the capacity of CEMEX’s Apo Plant by 1 5 million metric tons per year or an additional 40 in total production capacity of CEMEX Philippines

NEW CEMENT MILL. President Benigno S. Aquino III unveils the new Mill marker at the CEMEX Philippines at the Cement Mills-3 area of the APO Cement Plant in Naga City, Cebu on May 1, 2015. Photo by Gil Nartea / Malacañang Photo Bureau

Lafarge opens new cement mill ahead of merger with rival

Apr 15, 2015 - 8:36 PM

The firm explains the local implications of the merger and announces another mill that will rise in Bulacan

Lafarge inaugurates new cement mill ahead of planned merger

Thailand’s Mahaphant Group to invest $20M in PH manufacturing plant

Nov 28, 2014 - 4:57 PM

The first outside Thailand the fiber cement company’s investment in the country aims to address the growing local demand and exports

PH units of Holcim, Lafarge explore merger

Jul 07, 2014 - 3:40 PM

The companies are now studying merging their operations after their parent firms announced their own merger last April

MEGA-MERGER. A newspaper report says top cement companies Holcim and Lafarge have agreed to merge. Photo provided by Holcim

Holcim, Lafarge ok merger to create world's top cement firm

Apr 06, 2014 - 9:08 AM

The new group s headquarters will be in Switzerland with company sites both in France and Switzerland a newspaper report says

MEGA-MERGER. A newspaper report says top cement companies Holcim and Lafarge have agreed to merge. Photo provided by Holcim

Cement makers enjoy higher demand

Aug 23, 2013 - 7:23 PM

Cement manufacturers increase supply due to higher demand from government

Holcim first-half profit jumps 52% to P3-B

Aug 12, 2013 - 12:29 PM

Healthy construction activities by both government and private sector props up demand for cement

STRONG DEMAND. Holcim Philippines enjoys higher earnings in the first half, thanks to strong demand for cement from government and private sector. Photo provided by Holcim

San Miguel eyeing majority stake in Cojuangco's cement firm

Jul 11, 2013 - 9:57 PM

San Miguel is looking to raise its stake in Northern Cement Corp to majority as part of its diversification program

Mass housing developer offers to buy back Seacem shares

Jun 14, 2013 - 12:03 PM

Davao based mass housing developer 8990 Group offers to buy out the minority shareholders of Seacem now a shell company ripe for backdoor listing

RIPE FOR BACKDOOR LISTING. Listed cement firm Seacem avoids delisting and primes to become the vehicle of a mass housing developer for backdoor listing. File photo from AFP

No more suspension: Seacem meets public float req't

Jun 11, 2013 - 10:53 AM

Cement firm Seacem avoids delisting of its shares as it positions to be a backdoor listing vehicle for a mass housing developer

RIPE FOR BACKDOOR LISTING. Listed cement firm Seacem avoids delisting and primes to become the vehicle of a mass housing developer for backdoor listing. File photo from AFP

Seacem selling shares to raise public float

Jun 06, 2013 - 2:14 PM

Southeast Asia Cement Holdings is selling P194 M worth of shares to comply with the minimum public float rule

San Miguel expansion binge extends to cement, mining

May 23, 2013 - 9:39 PM

Diversified conglomerate San Miguel Corp the country s biggest business group is going full blast in its expansion into the extractive industry

Holcim to build new PH plant

May 08, 2013 - 7:14 PM

The new 550 M plant is expected to a have a capacity of 2 5 million metric tons annually

NEW PLANT. Holcim Philippines secures first pass approval to build a $550 million-worth plant in Bulacan from its Zurich-based parent firm, Holcim Ltd. on the back of an expected surge in cement demand. Photo provided by Holcim

Lafarge reopens Cebu cement plant

Mar 21, 2013 - 1:06 PM

The reopening will allow the company to increase its cement production by one million tons per year

BACK ON STREAM. Lafarge's cement plant in Cebu, Philippines reopens. Photo by AFP

PH real estate, tourism to boost Thai firm's cement sales

Mar 14, 2013 - 9:40 AM

The real estate boom and the pick up in government spending on roads airports and bridges are behind Siam Cement s 18 revenue growth projections

POSITIVE OUTLOOK. Siam Cement Group (SCG), ASEAN's largest industrial conglomerate, is expecting an 18% growth in 2013 due to the PH's real estate boom. Photo from SCG's website

Holcim profit grows on high cement sales

Feb 26, 2013 - 1:02 PM

An increase in construction activities in the country boosts demand for cement

Property boom, gov't infra spending boost 2012 cement sales

Jan 24, 2013 - 11:53 PM

The 17 5 increase in the 2012 volume sales of cement to 18 4 million metric tons is the industry s fastest growth rate in 15 years

Gov't to expand limestone quarry areas

Dec 30, 2012 - 7:35 PM

The government reviews the applications of cement companies for the expansion of limestone quarry areas

How Ramon Ang paid for Cojuangco's shares in San Miguel

Sep 11, 2012 - 8:09 PM

Ang finally revealed that 5 6 of the funds for the large stake of shares were borrowed from foreign banks and the remaining 1 6 came largely from his cement business

Gov't infra projects hike Holcim cement profit by 40%

Aug 01, 2012 - 9:43 AM

The government s spending for infrastructure projects nationwide boosted cement manufacturer Holcim Philippines Inc s financial performance in the first 6 months

Cement firms are 'collateral damage' of mining EO - Holcim

Jul 31, 2012 - 10:40 PM

A large cement player is worried that the Mining EO could threaten the viability of their long term investments