Cement News tagged under: Southeast Asia
ENVEA acquires Asia Pacific Air Quality Group14 May 2024, Published under Cement NewsEnvironmental management solutions company ENVEA has acquired Asia Pacific Air Quality Group (APAQ Group). ENVEA views the acquisition as core to developing its presence and reach in Asia, and is complementary to its existing product portfolio, technology offering and customer base. The financial terms of the transaction were not disclosed. APAQ Group is a specialist air quality business based in Singapore. With clients across Asia, it offers planning, consultancy and integration services... |
Southeast Cement Corp’s disappointing 1Q24 results13 May 2024, Published under Cement NewsTaiwan-based cement producer, Southeast Cement Corp Ltd, has reported its 1Q financial results for the period ending 31 March. The company saw a 9.3 per cent YoY increase in revenue, from TWD528.05m (US$16.29m) in 1Q23 to TWD576.89 in 1Q24. Pretax profit also rose by an impressive 178 per cent during this period, from TWD19.51m to TWD54.24m. Despite these positive trends in revenue and pretax profit, the company’s net profit fell 16.2 per cent from TWD34.09m to TWD28.58m. Furthermore,... |
Heidelberg Materials acquires Malaysia's largest pulverised fly ash supplier03 May 2024, Published under Cement NewsHeidelberg Materials has entered into a definitive purchase agreement to acquire ACE Group,the largest supplier of pulverised fly ash in Malaysia, effective 1 May 2024. The acquisition strengthens circularity within Heidelberg Materials’ value chain in Southeast Asia, according to the company. Reusing fly ash from energy generation contributes significantly to reducing the CO2 intensity of composite cement while used as an additive, fly ash can replace part of the energy-intensive clinker ... |
Phinma to invest in PHP2bn Davao plant02 May 2024, Published under Cement NewsPhilippines-based Phinma Corp plans to invest approximately PHP2bn (US$34.7m) in a new cement plant in Davao to further consolidate its presence in the cement market. "We’re putting up our Davao plant which is almost similar to Mariveles plant. That is in joint venture with some of our partners in Davao,” Philcement Corp President and CEO, Eduardo Sahagun, said. “That will bring our total capacity to somewhere like 5Mta if all those things will be completed in a couple of years,” he added.... |
Vietnam exporters looking further afield01 May 2024, Published under Cement NewsCement sales in Vietnam continue to struggle versus their year-ago levels. Sales were down 17 per cent YoY to 5.113Mt in March 2024, from 6.161Mt a year earlier, according to the Vietnam National Cement Association (VNCA). However, they did show a strong uptick from February, rising 130 per cent MoM. Of the total, VICEM companies saw sales down 23 per cent YoY to 1.625Mt. Other VNCA-affiliated companies report contractions of 12 per cent YoY to 1.077Mt. Non-VNCA members reported sales of 2.4... |
New MYR1.2bn cement plant for Sabah01 May 2024, Published under Cement NewsA MYR1.2bn (US$251.5m) integrated cement plant project in Kampung Kawayoi Pinangah, Tongod, central Sabah, Malaysia, will help boost the economy of the local community upon completion. Malaysia’s Sabah Chief Minister Datum Seri Hajiji Moor said that the new plant would complement the existing Cement Industries Sabah (CIS) Sen Bhd plant. “I believe this new factory will not only boost our cement production but we can also be a cement exporter,” he said, during the factory's groundbreaking ce... |
Outlook improving for Indonesia cement demand, clinker exports robust25 April 2024, Published under Cement NewsCement sales in Indonesia amounted to 65.501Mt in 2023. This is an increase of 3.4 per cent YoY compared to the 63.346Mt reported in 2022. Regional sales were a mixed bag, with over a third recording sale contractions. Java, the country’s largest market, saw sales rise a modest 0.3 per cent YoY to 33.56Mt, while sales in the capital Jakarta rose 5.5 per cent YoY to 2.714Mt. Sales volumes were largest in Jabar, coming in at 10.695Mt, though this was down 1.3 per cent YoY from 2022. Sales a... |
PT Semen Jawa increases AF use22 April 2024, Published under Cement NewsIndonesia-based PT Semen Jawa , part of the Siam Cement Group , has significantly increased its use of industrial waste as fuel and alternative raw materials, setting a new standard in the industry. According to the company, it uses 5000t of alternative fuel each months, making up 19.5 per cent its total fuel consumption. This forms part of Siam Cement Group’s ongoing adoption of alternative fuel and alternative raw materials to help support Indonesia’s climate goals, aiming to reduce g... |
Holcim Philippines Inc supports coral reef start-up15 April 2024, Published under Cement NewsHolcim Philippines Inc is supporting Swiss social and environmental impact start-up rrreefs in helping restore coastal areas in southern Philippines using artificial coral reefs. Holcim provides its low-carbon cement ECOPlanet to make concrete bases for 500 units modular artificial reefs by rrreefs. Designed for corals to regenerate and fish to thrive, the modules enable a reef ecosystem to regenerate without further maintenance. Holcim also provided five units made with marine bioacti... |
VNCA calls for government intervention in Vietnam cement industry12 April 2024, Published under Cement NewsThe Vietnam National Cement Association (VNCA) has reported that the country’s cement sector is in crisis, as a number of major players are at risk of bankruptcy or foreign acquisition, due to low production and consumption levels. Despite the country’s 61 cement production facilities having a capacity of approximately 117Mta, total consumption was only 87.8Mt in 2023, including a domestic demand of 56.6Mt. The association said, “Domestic cement consumption plummeted by 16 per cent in ... |