Cement News tagged under: Myanmar
Semen Indonesia03 February 2015, Published under Cement NewsPT Semen Indonesia has revealed plans to spend IDR7-9trn on capital expenditure in 2015, up by IDR3trn on 2014’s figure. Around IDR5trn has been earmarked for two new plants, one in Rembang in Central Java, which is due to start operations in 4Q16, and another in Indarung in West Sumatra, which is due to begin production in 1H16. The two new plants will add 6Mta capacity to the company’s current 31.8Mta. An additional IDR1-2trn has been allocated for upgrading packing plants with a further I... |
Semen Indonesia's Myanmar investment discussions still ongoing16 January 2015, Published under Cement NewsSemen Indonesia may withdraw from plans to invest in Myanmar if the company and its local partner fail to reach an amicable agreement over the partnership deal, a company executive has told the Jakarta Post. Last year the state-owned Indonesian cement firm said it had decided to postpone its plan to acquire a cement firm in Myanmar after it missed its mid-year deadline to conclude negotiations. Agung Wiharto, Semen Indonesia corporate secretary has now told local press that his company... |
Conch places new order with Claudius Peters, Myanmar09 January 2015, Published under Cement NewsConch has awarded Claudius Peters an order for the supply of an ETA cooler to be installed in Myanmar. This new order takes the total number of Claudius Peters ETA coolers ordered by Conch to 22. The new order will be Conch's first ETA cooler, installed outside of China. |
Myanmar: Siam Cement starts work on new plant24 November 2014, Published under Cement NewsThailand's largest cement producer, Siam Cement Group (SCG), has begun work on its greenfield Mawlamyine plant, in Mon State, Myanmar. The new 1.8Mta facility is scheduled to start production in 2Q16. SCG has finished work on an access road and is building a 40MW plant to power the factory. The site for the plant is also being prepared for work. Myanmar country director for SCG Cement-Building Materials, Chana Poomee, said SCG’s sales in the country will reach 2Mta by this year. Currently,... |
Anhui Conch to invest in Myanmar24 November 2014, Published under Cement NewsThe Myint Investment Group Co Ltd has joined Anhui Conch Cement Co Ltd from China to upgrade Kyaukse cement factory, Myanmar, to a 5000tpd plant through a build-operate-transfer (BOT) system, according to the Myanmar Ministry of Industry. The joint venture, Myanmar Conch Cement Co Ltd, received clearance from the Directorate of Investment and Company Administration on 11 November . Zaw Hein, managing director of No.3 Heavy Industry, signed the BOT contract with his counterpart, Nan Lin Li... |
PT Semen Indonesia03 September 2014, Published under Cement NewsPT Semen Indonesia has posted a disappointing 12.8 per cent rise in revenue to IDR12.88trn (US$1.13bn) in 1H14, compared to growth of 31.9 per cent in the same period last year. Sales volumes during the period came in 4.6 per cent higher at 12.8Mt, but this was still far lower than the 18.5 per cent growth seen in the first half of 2013. Net profit reached IDR2.82trn, 9.3 per cent up YoY. Semen Gresik accounted the 54 per cent of sales, followed by Semen Padang with 26 per cent and Semen Ton... |
Semen Indonesia Myanmar investment delays01 September 2014, Published under Cement NewsSemen Indonesia may have to postpone expansion into Myanmar until next year due to prolonged negotiations with its local partner, a company executive told the Jakarta Post. Finance director Ahyanizzam said that despite a suitable partner having been found, discussions regarding the ownership of the joint venture have not proceeded as expected. "We initially planned to enter Myanmar to become a major shareholder in a joint venture and acquire a company. We've found a suitable partner but neg... |
Semen Indonesia to expand to 72.9Mta by 203011 August 2014, Published under Cement NewsPT Semen Indonesia said that it intends to expand its production capacity to 72.9Mta by 2030. As a result, output potential would more than double its present capacity of 31.8Mta, according to Dwi Soetjipto, Semen Indonesia's president director. The higher capacity would be achieved through building more plants or acquire the works of other cement producers, he added. "In 2014, the company has carried out strategic preparations for further expansion. The process of groundbreaking has bee... |
Semen Indonesia targets Bangladesh acquisition03 June 2014, Published under Cement NewsSemen Indonesia is looking to acquire a cement plant in Bangladesh to strengthen its position in the Asian market. President director, Dwi Soetjipto, told local press that it hopes to complete the purchase later this year or early in 2015. The factory in question is reported to have a capacity of 06.-1Mta. It is also planning to strengthen its regional grip by acquiring a cement company in Myanmar, the process of which is expected to be completed in July. In 2012, Semen Indoensia make it... |
Semen Indonesia to acquire stake in Myanmar producer09 May 2014, Published under Cement NewsIndonesia's largest cement manufacturing company, Semen Indonesia, is all set to enter Myanmar's cement market after it agreed to purchase a minority stake at a local cement firm, according to president director of the company, Mr Dwi Soetjipto. "At the moment we can only enter Myanmar's economy with minority control, so we will start with a 30 per cent ownership," Soetjipto announced. Mr Soetjipto said the acquisition of the minority stake in the local firm is worth US$30m, but did not ... |