December 10, 2016 11:43 AM 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...

Venice Corporate Center

7th Floor

No. 8 Turin Street, McKinley Town Center

Fort Bonifacio, McKinley Hill

Taguig,  1634

Philippines

Founded in 1964

1,662 Employees

Phone:

63 2 459 3333

Fax:

63 2 459 4444

Key Executives for Holcim Philippines, Inc.

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

Holcim Philippines, Inc. Key Developments

Holcim Philippines, Inc. Approves Amendment to Article II of the Amended Articles of Incorporation

Holcim Philippines, Inc. at the board of directors meeting held on October 27, 2016, approved the amendment to Article II (Secondary Purposes) of the company's amended Articles of Incorporation to include providing support services to its related parties. A new clause was added to Article II to enable the company to provide support services to its related parties.

Holcim Philippines, Inc., Board Meeting, Oct 27, 2016

Holcim Philippines, Inc., Board Meeting, Oct 27, 2016. Agenda: To propose the amendment to Article II (Secondary Purposes) of the company's amended Articles of Incorporation to include providing support services to its related parties.

Holcim Philippines, Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

HOLCIM Philippines, Inc. announced consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company posted a 15.3% increase in third quarter earnings, as construction activity in the country boosted its sales during a period historically marked by a slowdown in cement demand. The company said its net income climbed to PHP 1,763.771 million from the PHP 1,529.309 million booked for the same three months of 2015. The company said that the improvements were driven by sustained gains in operational efficiencies implemented at the start of the year and higher cements sales that led to revenues of PHP 9.99 billion for the period. The company, however, booked flattish net sales PHP 9,985.009 million versus the PHP 9,996.455 million during the third quarter of 2015. The decline was arrested by a 4% decrease in the cost of sale to PHP 6.64 billion from PHP 6.93 billion. Operating EBITDA was increased by 11% to PHP 2,787.598 billion from PHP 2,510.623 million a year ago. The improvements were driven by sustained gains in operational efficiencies implemented at the start of the year and higher cement sales that led to revenues for the period. Income from operations was PHP 2,454.706 million against PHP 2,161.532 million a year ago. Income before income tax was PHP 2,489.063 million against PHP 2,177.691 million a year ago. Income before minority interest was PHP 1,763.950 million against PHP 1,529.625 million a year ago. Basic and diluted earnings per share were PHP 0.273 against PHP 0.237 a year ago. For the nine months, the company kept its cumulative net sales at PHP 30,814.719 million or 10% above PHP 27,991.732 million registered for the same nine months in 2015. This translated to a 19% surge in net income to PHP 5,428.678 million from PHP 4,555.708 million a year ago. Operating EBITDA was higher by 16.65% at PHP 8,529.890 million against PHP 7,312.048 million a year ago. The cement sales improvement for the year led to revenues increase. Income from operations was PHP 7,543.148 million against PHP 6,319.508 million a year ago. Income before income tax was PHP 7,624.362 million against PHP 6,432.781 million a year ago. Income before minority interest was PHP 5,429.504 million against PHP 4,556.873 million a year ago. Basic and diluted earnings per share were PHP 0.841 against PHP 0.706 a year ago. Cash provided by operating activities was PHP 6,849.463 million against PHP 5,679.104 million a year ago. Net additions to plant, property and equipment were PHP 860.667 million against PHP 1,274.054 million a year ago. Return on equity was 21.8% against 21.0% a year ago. Return on asset was 15.3% against 13.8% a year ago.

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