Cement News tagged under: South Asia
PT Semen Padang announces export volumes08 March 2021, Published under Cement NewsIndonesia’s PT Semen Padang has announced its export volumes of cement and clinker in January and February 2021. The deliveries were made to the Maldives, Australia and Bangladesh. "From early January to mid-February 2021, the Semen Indonesia Group, through PT Semen Padang, has exported 333,532,391t of cement and clinker," said Rahman Kurniawan, sales manager. Cement and clinker exports have continued to increase, because shipments are still ongoing, he added. The company exported a... |
Vietnam sees cement and clinker exports rise 16%03 March 2021, Published under Cement NewsVietnam exported 2.7Mt of cement and clinker worth US$98m in February, up 16.8 per cent and 4.8 per cent YoY, respectively, according to the country’s General Statistics Office (GSO). In the first two months of this year, the country exported 5.84Mt of cement and clinker (up 15.9 per cent) representing a value of US$214m (up 6.6 per cent). |
Holcim Philippines sees 43% fall in net profit03 March 2021, Published under Cement NewsHolcim Philippines has reported a 42.5 per cent decline in net profit to PHP2.07bn (US$42.72m) for 2020, alongside a 22.3 per cent YoY fall in sales to PHP26.02bn from PHP33.49bn in 2019. "Lockdowns from March to May and severe weather conditions in the fourth quarter further affected the business. These hampered delivery of raw materials and services to production sites and dispatch of products to customers," said the company in a statement. The company's EBITDA was down by 38.6 per cent... |
Vietnam sees production up 14% in first two months01 March 2021, Published under Cement NewsVietnam produced 15.5Mt of cement in the first two months of 2020, up 14 per cent YoY, according to the country’s General Statistics Office (GSO). In February the country’s cement output is expected to be down six per cent YoY to 6.8Mt. In 2020 production reached 100.1Mt of cement, rising 3.6 per cent YoY, according to the revised figures. |
Holcim Philippines appoints new CEO25 February 2021, Published under Cement NewsHolcim Philippines has appointed Horia Ciprian Adrian as its president and CEO, following the departure of John Stull who has led the company for three years. The appointment will be effective from 1 March. "It is an honour to be appointed as the new President and CEO of Holcim Philippines. The business in the Philippines is a significant contributor to the LafargeHolcim Group and it is truly exciting to continue the remarkable work done under John's leadership," said Mr Adrian. He has p... |
Cambodia sees 7% rise in production in 202010 February 2021, Published under Cement NewsCambodia's five cement factories produced 7.9Mt of product last year, rising seven per cent YoY, despite many construction projects being put on hold throughout the year as a result of COVID-19, according to Puth Chandarithm, secretary-general of the Cambodian Cement Manufacturing Association. "This seven per cent increase indicates that demand for cement remains high despite the fact that COVID-19 continues to spread," he said in a statement to the Phnom Penh Post. Mr Chandarithm added t... |
VICEM’s shift to sustainability09 February 2021, Published under Cement NewsVietnam’s cement industry has expanded significantly over the years, leading to considerable overcapacity – a particularly challenging issue given the COVID-19 pandemic which resulted in sales falling. In response, market leader VICEM has shifted its focus to building a more sustainable production base and supplying ‘greener’ products. VICEM’s focus has shifted from expanding production capacity to building a more sustainable production base Owned by the Vietnamese state, the or... |
Siam Cement sees net profit rise 7% in 202029 January 2021, Published under Cement NewsThailand’s Siam Cement has reported a nine per cent decline in revenue from sales to THB399.94bn (US$13.3bn) for 2020, compared to THB437.98bn in the previous year. However, its net profit rose seven per cent YoY to THB34.41bn from THB32.01bn, on the back of an improved performance in all of its businesses. The company expects its total earnings in 2021 to grow by 5-10 per cent from the THB399bn last year, driven by high value-added product development and the circular economy. "We ha... |
Ha Tien Cement sees 29% decline in net profit28 January 2021, Published under Cement NewsVietnam’s Ha Tien Cement has reported a 28.6 per cent YoY fall in net profit to VND153.97bn (US$6.64m) in the final quarter of 2020. Net revenue also declined 3.2 per cent to VND2.21trn. The company saw a consolidated net profit of VND615.49bn on a net revenue of VND7.96trn in 2020, down 16.9 per cent and 9.9 per cent YoY, respectively. |
New director elected to San Miguel board22 January 2021, Published under Cement NewsJohn Paul Ang has been elected as a director of Philippines-based San Miguel Corp, filling the board vacancy left after Reynaldo David passed away last year. Mr Ang is currently the president and CEO of Eagle Cement Corp, which is owned by the Ang family. "He brings with him years of top managerial experience in the cement industry in the Philippines and in Malaysia, beginning with experience of business operations to top-level management decision making. The experience allowed him to be... |