When Eduardo Sahagun, or Ed as he is called, was named chief executive officer of Holcim Philippines in September last year, the people in the company were so happy and proud to have one of their own as the new big boss.
Manufacturing output in the country grew at a slower pace in March amid calls for the government to implement measures to boost the country’s industrial sector.
The country’s leading cement-maker Holcim Philippines expects to beef up its production capacity by about 2.5 million metric tons by end-2016 as it proceeds with plans to build a new cement plant in Norzagaray, Bulacan, which could be the single biggest cement plant in the Philippines.
The price of oil fell to near $93 on Wednesday after data showed a slowdown in China’s manufacturing growth.
German engineering giant Siemens said Thursday it is planning to cut over 3,000 jobs in its industrial division as part of a vast plan to save six billion euros ($8 billion) as it faces falling profits.
Amid prevailing concerns over the business environment in Mindanao, a Japanese firm is set to nearly double its manpower this year as it expands with a new assembly line on its 19-hectare manufacturing plant here.
A Japanese company is hoping to win a big slice of Asia’s tuk-tuk market, it said Wednesday, betting battery-operated buggies could cut burgeoning city pollution.
Moody’s Investors Service is upbeat about manufacturing output in the Philippines, citing nascent growth in the sector resulting from rising investments.
Ayala-led electronics manufacturing services provider Integrated Micro-Electronics Inc. grew its net profit last year by 63.6 percent to $5.4 million but sluggish global economic growth, lower capacity utilization and higher labor costs gnawed at profit margins.
Laguna-based based semiconductor manufacturer Cirtek Holdings Philippines Corp. sees first quarter net profit and sales revenues rising by 10 percent year-on-year just on the strength of its existing business portfolio.
Roxas Holdings Inc., one of the country’s largest sugar producers, seeks to close within this year a buy-in deal with a strategic investor who may acquire up to 20 percent of the sugar firm.
Farm-to-market roads, the construction of new seaports and development of existing airports should be the Aquino administration’s top priorities if the country is to sustain economic growth and make a dent on poverty.
