+ Follow MINDANAO PORTLAND CEMENT CORP Tag
MINDANAO PORTLAND CEMENT CORP
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[ArticleID] => 262887
[Title] => Republic Cement acquires Lafarge cement unit
[Summary] => The board of Republic Cement Corp. (RCC) has approved the acquisition of Continental Operating Corp., a wholly-owned subsidiary of Lafarge Cement Philippines Inc., for P1.3 billion, making RCC the largest cement group in the country.
In a disclosure to the Philippine Stock Exchange, RCC said it will issue a convertible loan note worth P1.3 billion to Lafarge in exchange for the latter’s shares in Continental.
The notes will carry an interest rate of eight percent per annum and are convertible into 1.35 billion common shares of RCC after five years from issue date.
[DatePublished] => 2004-08-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 241139
[Title] => Zeus Holdings plans shift to real estate business
[Summary] => Publicly-listed Zeus Holdings Inc. plans to shift focus from investment holding into real estate, the company told the Philippine Stock Exchange.
The firm said it is anticipating the imminent recovery in the property sector, which has been in the doldrums for the past several years. "We believe that now is the best time to re-align our focus and shift our business strategies to take advantage of the opportunities in the property sector," the company said.
[DatePublished] => 2004-03-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 239817
[Title] => The fall of the industrial giant
[Summary] => ILIGAN CITY — While everyone sought their fortunes in the big cities, the Francisco family had taken the reverse route and left Metro Manila to venture deep south where life was then easier and where your money went a long way. And why not? Iligan City was then the ‘Industrial city of the South" and Cesar P. Francisco had nothing to lose being a mere line helper in the tin canning facility of the National Steel Corp. in Pasig, Metro Manila.
Little did Cesar know that he would one day be a pawn in the shifting fortunes of global trade realities.
[DatePublished] => 2004-02-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[3] => Array
(
[ArticleID] => 226302
[Title] => DENR-MGB approves joint ICC and MPCC Social Dev’t Program
[Summary] => The implementation of the blueprint for community development planned by Iligan Cement Corp. and Mindanao Portland Cement Corp. for their communities in the next five years has been given the green light by the Department of Environment and Natural Resources-Mines and Geosciences Bureau (DENR-MGB).
This came after the DENR-MGB director Horacio Ramos signed the certificate of the unified Social Development and Management Program (SDMP) of ICC and MPCC on Sept. 3, 2003 in the presence of ICC President Rene Sunico and ICC vice president for operations Pascual Austria.
[DatePublished] => 2003-11-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Real Estate
[SectionUrl] => real-estate
[URL] =>
)
[4] => Array
(
[ArticleID] => 204061
[Title] => RCC acquisitions must go through regulatory process
[Summary] => The acquisition by Republic Cement Corp. (RCC) of two other cement companies, FR Cement and Lloyd’s Richfield Industrial Corp., from Southeast Asia Cement Holdings Inc. still has to hurdle a regulatory process that could derail plans to waive the pre-emptive or stock rights offering to the RCC stockholders.
The Philippine Stock Exchange said since the complete terms and conditions of the transaction have not been disclosed by RCC, it (PSE) "cannot make a definitive determination of the applicability of the Rule on Additional Listing of Shares."
[DatePublished] => 2003-04-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 203907
[Title] => Republic Cement bid to acquire firms faces hurdle
[Summary] => The acquisition by Republic Cement Corp. (RCC) of two other cement companies – FR Cement and Lloyd’s Richfield Industrial Corp., from Southeast Asia Cement Holdings Inc. – still has to hurdle a regulatory process that could derail plans to waive the pre-emptive or stock rights offering to the RCC stockholders.
The Philippine Stock Exchange said since the complete terms and conditions of the transaction have not been disclosed by RCC, it (PSE) "cannot make a definitive determination of the applicability of the Rule on Additional Listing of Shares."
[DatePublished] => 2003-04-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 154791
[Title] => Editoryal - Matitigok ang local cement industry
[Summary] => LABAN sa mga Pilipino at isang paraan para tuluyang patayin ang local cement industry. Ito ang lumulutang na katotohanan at magiging bunga kasunod ng ginawang pagtanggal ng P20.60 porsiyentong buwis sa mga imported cement.
[DatePublished] => 2002-03-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => PSN Opinyon
[SectionUrl] => opinyon
[URL] =>
)
[7] => Array
(
[ArticleID] => 132135
[Title] => Iligan folk fear closure of city’s 2 cement p
[Summary] => Still reeling from the closure of National Steel Corp. (NSC) two years ago, residents of Iligan City are now apprehensive that their cement industry will die a slow death, too, if the dumping of cheap cement imports into the country continues.
In a hearing of the House committee on trade and industry, Iligan City Mayor Franklin Quijano expressed fears that the two remaining cement plants in the city might be forced to close down like NSC, in the light of the current problems that local cement manufacturers are facing.
[DatePublished] => 2001-09-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Nation
[SectionUrl] => nation
[URL] =>
)
[8] => Array
(
[ArticleID] => 129417
[Title] => Republic Cement vows to keep prices steady
[Summary] => Despite incurring huge losses due to the unabated flooding of dumped imports, Republic Cement Co. pledged yesterday not to increase its average cement prices should the government impose a temporary 200 day safety net for the industry against imports.
Republic Cement is the holding company of Fortune Cement Corp., Iligan Cement Corp. and Mindanao Portland Cement Corp. It also maintains its own facilities in Bulacan. Republic’s pledge follows that of another major cement producer, Union Cement, which also committed to stable prices while the safeguard measure is in place.
[DatePublished] => 2001-08-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 100935
[Title] => Cement dumping leads to huge losses for RP
[Summary] =>
The deluge of dumped cement imports from Taiwan and Japan has cost both the
private sector and the government P10 billion in losses over the past two
years, and industry experts warned yesterday that annual losses would double
annually unless officials force importers to acknowledge the legitimate price
of the threatening products.
This was admitted yesterday by Department of Trade and Industry (DTI) sources
who underscored how dumped cement, or products sold at prices much lower than
their normal value, have delayed the recovery of the cement industry.
Reacting to the submi
[DatePublished] => 2000-03-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
February 21, 2004 - 12:00am
November 1, 2003 - 12:00am
September 1, 2001 - 12:00am
