Monthly Archives: August 2004

RCC okays acquisition of Continental from Lafarge

Manila Bulletin, August 29, 2004

Republic Cement Corp. announced that it’s board of directors has approved the acquisition of Continental Operationg Corp. from the local unit of Lafarge.

In a dislcosure to the stock exchange, Republic Cement said it will issue Lafarge Cement Philippines Inc. a convertible loan note of P1.35 billion as payment for wholly-owned unit Continental.

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CIAP reports sharp rise in prices of cement and steel

(By: Marianne V. Go
The Philippine Star, August 27, 2004)

The Construction Industry Authority of the Philippines (CIAP) reported yesterday an alarming jump in the prices of cement and steel following the repeated oil price adjustments, its effect on transportation costs and the closure of two cement firms.

CIAP complained that cement prices have risen as much as 20 percent with a 40 kilogram bag of cement now selling between P160 to P170 per bag from the previous average price of P140 per bag.

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