December 22, 2014 4:03 PM ET

Construction Materials

Company Overview of Holcim Philippines, Inc.

Company Overview

Holcim Philippines, Inc., through its subsidiaries, primarily manufactures, sells, and distributes cement and clinker products in the Philippines and internationally. The company produces cement in various product brands, including Holcim Premium cement, an American Society for Testing and Materials (ASTM) type I Portland cement for general concrete construction; Holcim 4X, an ASTM C150 Portland cement for ready mix concrete applications; Holcim Excel, an ASTM type IP cement for general concrete construction; and Holcim WallRight cement, an ASTM C91 type S Masonry cement for use in block laying, plastering, and finishing use. It also offers clinker; aggregates; read mix concrete products, su...

Two World Square

7th Floor

McKinley Hill

Fort Bonifacio

Taguig,  1634

Philippines

Founded in 1964

1,704 Employees

Phone:

63 2 459 3333

Key Executives for Holcim Philippines, Inc.

Holcim Philippines, Inc. does not have any Key Executives recorded.

Holcim Philippines, Inc. Key Developments

Holcim Philippines, Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended Sep. 30, 2014

Holcim Philippines, Inc. announced consolidated earnings results for the third quarter and nine months ended Sep. 30, 2014. For the quarter, the company reported net income applicable to the common shareholders of PHP 721,960,000 against PHP 691,211,000 a year ago. Net sales were PHP 8,113,355,000 against PHP 6,863,942,000 a year ago. Operating EBITDA was PHP 1,444,359,000 against PHP 1,350,989,000 a year ago. Income from operations was PHP 1,048,333,000 against PHP 985,570,000 a year ago. Income before income tax was PHP 1,029,529,000 against PHP 976,469,000 a year ago. Basic and diluted EPS was PHP 0.112 against PHP 0.107 a year ago. For the nine months, the company reported net income applicable to the common shareholders of PHP 4,043,520,000 against PHP 3,744,503,000 a year ago. Net sales were PHP 24,974,047,000 against PHP 22,143,446,000 a year ago. Operating EBITDA was PHP 6,814,837,000 against PHP 6,237,999,000 a year ago. Income from operations was PHP 5,734,446,000 against PHP 5,156,827,000 a year ago. Income before income tax was PHP 5,728,280,000 against PHP 5,259,803,000 a year ago. Basic and diluted EPS was PHP 0.627 against PHP 0.580 a year ago. Cash provided operating activities was PHP 4,827,488,000 against PHP 4,423,064,000 a year ago. Additions to plant, property and equipment were PHP 1,140,352,000 against PHP 1,471,906,000 a year ago. ROE was 19.0% against 18.1% a year ago. ROA was 13.6% against 14.1% a year ago.

Holcim Mulls Acquisition Of Some Lafarge Assets

Holcim Philippines, Inc. (PSE:HLCM) may acquire several assets of Lafarge Republic, Inc. (PSE:LRI) following a recent multi-billion merger of their parent companies that created the largest cement manufacturer in the world. The local unit of Switzerland’s Holcim said it is eyeing to purchase Lafarge Republic's investments in Lafarge Iligan Inc., Lafarge Mindanao Inc, Lafarge Republic Aggregates Inc., as well as the Star Terminal at the Harbour Centre in Manila. Aside from the assets mentioned, Holcim Philippines is also considering Lafarge Republic's other specific assets or contracts as may be identified and negotiated upon by both parties. “The results of such negotiation will be submitted to the Holcim Philippines’ Board of directors for its approval,” the listed cement maker said. In a separate disclosure, Lafarge Republic said the purchase price and the conditions precedent to the closing of the sale would still be subject to the completion of the global merger between Holcim Ltd. and Lafarge S.A.

Holcim Philippines, Inc. Announces Executive Changes

Holcim Philippines, Inc. announced that Mr. Ramon R. Del Rosario has tendered his resignation as chairman and member of the board of directors and member of the audit committee of the company and the members of the board of directors of the company have accepted such resignation. Mr. Tomas I. Alcantara has been nominated by the board to serve as chairman for the unexpired portion Mr. Del Rosario's term.

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