Cement News tagged under: Myanmar
Myanmar Jidong Cement Co to build 5000tpd plant05 May 2014, Published under Cement NewsMyanmar Jidong Cement Company, a subsidiary of China's Tangshan Jidong, has countered claims that local communities in Hpa-an, Karen state, Myanmar, are opposed to the construction of the company's 5000tpd plant in the area. "We have the backing of the locals," he told the Democratic Voice of Burma news service. "Now, we are applying to the Karen State government. After it agrees, we will send an application to the MIC, and start construction of the factory after we receive permission." ... |
Semen Indonesia allocates Myanmar spend21 April 2014, Published under Cement NewsPT Semen Indonesia has allocated US$200m for the acquisition of a cement plant in Myanmar, Agung Wiharto, corporate secretary of the Indonesian cement group has revealed. The deal will not be completed this month, as previously expected, but due diligence is currently underway. In an interview with The Jakarta Post, Mr Wiharto said that Myanmar’s cement demand stood at between 8-9Mta, while cement producers could only supply half that volume. "They've imported cement from Thailand and China... |
Semen Indonesia eyes Middle East & Africa investment02 April 2014, Published under Cement NewsPT Semen Indonesia, the country’s leading producer, is looking at expanding its presence into the Middle East and Africa region by developing factories there in 2016, CEO Dwi Soetjipto as quoted by Investor Daily. The Indonesian state-owned company company plans to invest IDR15trn (US$1.33bn) to boost production capacity to 50Mta by the year 2019. Semen Indonesia is targeting output at 30Mta this year, up from last year's 28Mta. Aside from its domestic operations in Indonesia, which compri... |
UltraTech Cement27 March 2014, Published under Cement NewsUltraTech’s plans to establish new plants in Uttarakhand, northern India, and Myanmar have hit stiff opposition this month. In Myanmar, residents in the Lun-Nya area, where the proposed cement plant is to be located, have raised concerns over potential health and environmental issues. According to residents, the two military-owned cement factories at nearby Myaing Kalay have made locals sick and no compensation has been forthcoming for damage to the surrounding land. Meanwhile in India... |
Conch full-year net profit rises 48.3%26 March 2014, Published under Cement NewsAnhui Conch Cement Co reported a 48.3 per cent YoY increase in profit attributable to shareholders during 2013 to CNY9.38bn (US$1.5bn) from CNY6.33bn a year ago. Turnover increased 20.75 per cent to CNY55.26bn from CNY45.77bn in 2012. In accordance with PRC Accounting Standards, the group’s revenue amounted to CNY55.3bn, a YoY increase of 20.28 per cent. Sales by region Clinker and cement sales amounted to 228Mt, representing growth of 21.95 per cent YoY. Sales volumes in East and Cent... |
SCG Myanmar plant scheduled for 2016 completion18 March 2014, Published under Cement NewsConstruction of Siam Cement Group’s (SCG) new 2Mta plant in Myanmar is progressing well with completion is scheduled for 2016, Chana Poomee, country director of SCG in Myanmar, has said. Mr Poomee told The Nation newspaper that the project has received full support from the government and Mon State. Work currently underway includes construction of a new 20km road while the company is also repairing many roads in the state. SCG is one of a number of companies entering this high growth pote... |
Italcementi eyes Myanmar investment11 March 2014, Published under Cement NewsItalian cement major Italcementi is studying the possibility of entering the Myanmar market in the the next few years, its chief executive has said in a recent interview. Speaking to The Nation about Italcementi's growth potential in the Asean region, Carlo Pesenti said: "We are negotiating with a local partner in Myanmar and also studying the country's Foreign Investment [Law]," he said. Italcementi is already active in Southeast Asia through its Jalaprathan Cement and Asia Cement operat... |
Southeast Asian advances07 March 2014, Published under Cement NewsSoutheast Asia continues to be a hive of cement activity and recent commentary by local producers suggests the prospects remain promising for certain key markets through 2014. Philippines: new capacity on the way The outlook for the Philippines remains upbeat for 2014, driven by government infrastructure spending and private sector projects. Last year cement sales rose by 5.9 per cent to 18.4Mt, according to local association CeMAP. A rise in construction activity and an increase in the ... |
Southern Indian producers start shipments to Myanmar06 February 2014, Published under Cement NewsCement producers in southern India have begun exporting to Myanmar in a bid to boost utilisation rates as regional domestic demand remains subdued. According to reports by The Times of India, Chettinad Cements, India Cements, Dalmia Cements and Ramco Cement have started shipments to Myanmar in the past few months. Dalmia Cements began exporting cement last month with volumes amounting to 10,000-12,000t. Ramco Cements, meanwhile, has shipped around 40,000t cement from Karaikal Port, whic... |
South Indian cement makers start exports to Myanmar03 February 2014, Published under Cement NewsIt has been locally reported that Chettinad Cements, The India Cements, Dalmia Cements and Ramco Cements have started shipping cement to Myanmar in the past few months. Depressed market conditions for the second year running have forced cement makers in south India to look at different export markets. "We started shipments to Myanmar last month of about 10,000 to 12,000t. It is not very remunerative, but when the chips are down, we have to do something to stay afloat," said Vipin Agar... |