Holcim

Profile - Holcim Philippines, Inc. is the leading cement manufacturer in the Philippines - HLCM is involved in the manufacture, sale and distribution of cement and clinker - It employs over 1,700 employees in four plants spread across the archipelago. - It has a 40-year old history that dates back to its beginnings in Hi Cement Corporation, Davao Union Cement Corporation, Bacnotan Cement Corporation and Alsons Cement Corporation. - In February 2000, the Securities and Exchange Commission (SEC) approved the merger of HCC, Davao Union Cement Corporation and Bacnotan Cement Corporation, with HCC as the surviving entity. - The Company acquired Alsons Cement Corporation on November 12, 2002 - Cement - •It operates in 4 major plants - one in La Union, another in Bulacan, a third in Davao City and the Lugait Plant in Misamis Oriental. - •The plants account for a total installed clinker production capacity per year of 6.5 million metric tons and annual cement production capacity of 7.7 million metric tons. - Concrete - •Holcim employs state-of-the-art technologies in its ready mix concrete operations. It operates ready mix concrete plants in Taguig and Parañaque. - Products - It produces three products of cement, Holcim Premium Cement, Holcim Excel Cement, and Holcim Wallright Cement. HLCM also sells to cement producers a semi-finished product called clinker, which is sold only in bulk - Subsidiaries - Holcim Philippines Manufacturing Corporation HPMC was initially incorporated in 1968 as Victory Cement Corporation. HPMC became 99.6% owned by HPI. The company is a fully integrated cement manufacturer. Its operations include manufacturing, transportation and sale of cement and construction-related product. - Northern Mindanao Transport Co., Incorporated NMTC was incorporated in 1972 and provides the sea transport requirements of HPI, aside from chartering vessels. It was merged with HPMC in 2006 with HPMC as the surviving entity. - Alsons Construction Chemicals, Incorporated Alsons Construction was incorporated in 1996 and owned a cement and mineral admixture plant in Misamis Oriental. However, its operations was discontinued in 1999. - Trans-Asia Power Generation Corporation Trans-Asia Power Generation Corporation (TA Power) is a joint venture between HPI and publicly-listed Trans-Asia Oil and Energy Development Corporation. TA power was incorporated in 1996 and is operates and maintains the power plant that supplies the electricity to HPI’s plant in Norzagaray, Bulacan. - It is part of the Holcim Group - Cement market size in the Philippines is about 20 million metric tons a year, with Holcim having a market share of about one-third News: 2013: Holcim Philippines Inc. is planning to ask for incentives for its future projects from the Board of Investment. The top cement maker is targeting an annual increase of 2-2.5 million metric tons in its production capacity by 2017. The project will involve the expansion of the Bulacan plant, which would require $450-$550-M in investments, according to Eduardo Sahagun, Holcim chief executive and president. 2013: In a disclosure to the Philippine Stock Exchange on Wednesday, Trans-Asia Oil said it had signed on Jan. 1 a share purchase agreement that allowed it to acquire Holcim Philippines Inc.’s 50-percent stake in Trans-Asia Power. The deal gave Trans-Asia full ownership of the power firm. 2013: (August) To boost cement output by up to 1 million metric tons a year, Holcim Philippines Inc. on Monday said its is re-opening its grinding plant in Mabini, Batangas this month in line with a positive outlook on domestic demand from government projects and private sector developments. 2014: —The country’s leading cement maker, Holcim Philippines, has put on hold the construction of a new cement plant costing as much as $550 million in Norzagaray, Bulacan, to review leeway in supply chain management arising from the proposed integration in 2015 of Southeast Asian economies. - the creation of the Association of Southeast Asian Nations (Asean) Economic Community by next year would allow Holcim to absorb excess capacity from units in other markets like Vietnam. - Holcim Ltd. and Lafarge SA (LG) agreed to form the world’s largest cement maker as they prepare to sell assets with 5 billion euros ($6.9 billion) in revenue to win regulatory approval for the biggest European deal this year.