China-based construction materials giant Huaxin Building Materials Ltd. has committed to continuous investment in one of the Philippines’ largest cement producers, following its takeover of the Holcim Group’s local unit in a deal worth over $800 million. Holcim Philippines Inc. President and...
Swiss cement giant Holcim Group has agreed to sell its Philippine operations to Chinese firm Huaxin Building Materials Co. in a multi-stage transaction valuing the unit at $807 million. Under the terms of the agreement, Zug-based Holcim said that it will initially sell a 67.623 percent controlling...
(Photo courtesy of Holcim Academy) Holcim’s recent launch of the Holcim Sustainable Construction Academy marks a pivotal moment in the push for greener practices in the built environment. By offering an open-access platform designed to empower professionals with tools and insights on low-carbon,...
Lopez-led First Gen Corporation will supply geothermal-generated electricity to global cement firm Holcim for the operation of its manufacturing plants in Mindanao. That green power supply draw will be a key component of the latter’s decarbonization journey. In the power supply agreement (PSA)...
With leaner aggregate revenues logged in the six-month stretch, the net income of Alsons Consolidated Resources Inc. (ACR) in the first half had declined by roughly 10% to P1.06 billion from the year-ago level of P1.17 billion. If reckoned solely on second quarter performance, the company’s...
Cement producer Holcim Philippines said the company is ramping up efforts to make its La Union plant more environmentally friendly and efficient. Nicolas George, Holcim Philippines president and chief executive officer, said the company plans to invest P370 million in new facilities to...
Alcantara-led Alsons Power has sealed its first retail electricity supply (RES) agreement with Holcim Philippines, Inc., a leading supplier of cement and construction aggregates in the country. In the power supply deal inked by the parties, it was stipulated that “Alsons Power will supply 80% of...
Nicolas George has been appointed as the new president and chief executive officer (CEO) of Holcim Philippines, starting from Aug. 1, 2024. George replaced Horia Adrian, who is set to become the head of decarbonization for the Holcim Group in the Asia, Middle East, and Africa region following...
DAVAO CITY – Leading building solutions provider Holcim Philippines Inc. inaugurated on January 16, Tuesday, a virtual reality (VR) innovation hub that showcases new materials for sustainable and innovative construction. Situated at Holcim Davao Plant in Barangay Ilang in Bunawan District here,...
Building solutions firm Holcim Philippines Inc.’s net income soared 105 percent for the first nine months of 2023 to P999.4 million from P487.9 million recorded in the same period last year. However, its net sales decreased by four percent to P18.4 billion from P19.1 billion last year due to low...
Building solutions firm Holcim Philippines, a member of the Holcim Group, signed a power purchase agreement with I Squared Captial’s energy platform Berde Renewables for rooftop solar projects at Holcim’s plants in Bulacan and La Union. As per the agreement, Berde Renewables will install,...
Cement maker Holcim Philippines is seeking to voluntarily delist its shares from the Philippine Stock Exchange (PSE) by Nov. 27, 2023 after two rounds of tender offers by Holderfin, B.V. has reduced its public float to just 1.42 percent which would lead to its forced delisting. “The Board of...
