Cement News tagged under: South Asia
SCG's 1Q21 cement and building products revenue up 15% QoQ05 May 2021, Published under Cement NewsThailand-based Siam Cement Group has seen revenue from its cement and building products business reach THB46,185m in the 1Q21, an increase of 15 per cent compared to the previous quarter. However, revenue was flat compared to a year earlier due to regional demand weakness and the planned maintenance of its Cambodia cement plant during the period. Profit in the segment during the 1Q21 was THB2809m, an increase from the year-ago period due to effective cost management and seasonal factors. ... |
Republic Cement expects domestic demand recovery04 May 2021, Published under Cement NewsRepublic Cement of the Philippines has said the domestic cement industry is on course to return to pre-pandemic levels this year as home builders support sales, amid lower demand from the infrastructure and non-residential sectors. In the first quarter of this year the company's income amounted to PHP334m (US$6.95m), 446 per cent higher YoY, due to a rise in sales volume arising from new cement capacities in Bulacan and Iligan, alongside reduced costs and increased overall efficiency. "W... |
Philippines' DTI to begin anti-dumping investigation into Vietnamese imports28 April 2021, Published under Cement NewsThe Philippines’ Department of Trade and Industry is expected to begin investigating allegations of cement dumping from Vietnam, following applications by three local manufacturers, according to the Manilla Standard. Cemex Philippines, Holcim Philippines and Republic Cement all applied for an anti-dumping investigation into cement products imported from Vietnam. The investigation will cover cement imported from July 2019 to June 2020, while the period of investigation for injury to the sec... |
Holcim Philippines reports 81% rise in net income27 April 2021, Published under Cement NewsHolcim Philippines reported an 81 per cent rise in net income to PHP909.35m (US$18.79m) in the first quarter of 2021, compared to PHP501.54m in the year-ago period. However, revenues declined six per cent YoY to PHP6.81bn from PHP7.27bn in the 1Q20. "We delivered an excellent performance in the first quarter due to our sustained focus on Health, Cost, and Cash," said Horia Adrian, president of Holcim Philippines. The company has also announced the temporary suspension of operations a... |
Malaysia: budget for the future20 April 2021, Published under Cement NewsMalaysia’s cement market has seen consumption slow in recent years due to political uncertainty and a mature residential market. Although COVID-19 stifled output in the 1H20, a new government and the largest budget in history for 2021 is providing much-needed hope for a rebound in cement demand and production. Malaysia’s construction sector pins its hopes on the 12th Malaysia Plan to revive infrastructure construction post COVID-19 Following growth of 4.8 and 4.3 per cent in ... |
Eagle Cement reports 30% fall in net sales13 April 2021, Published under Cement NewsPhilippine-based Eagle Cement Corp has reported a net income of PHP3.4bn (US$70.02m) in 2020, down 44 per cent YoY as a result of lockdown measures imposed in mid-March. "The halting of our operations due to pandemic-related restrictions took a hit on our results in the first half of 2020, but the remaining half proved that we are well-positioned to bounce back," said John Paul L Ang, CEO. Net sales declined 30 per cent to PHP13.9bn from PHP19.8bn in 2019, but the PHP8bn from sales gen... |
China's imports from Vietnam rise 36%30 March 2021, Published under Cement NewsChina, the Philippines and Bangladesh were the biggest importers of Vietnamese cement in the first two months of 2021, according to the General Department of Vietnam Customs. China imported 2.43Mt of cement worth US$79.91m, up 36.1 per cent YoY and 22.8 per cent in volume and value, respectively. The volumes accounted for 40.6 per cent of Vietnam’s total export volume and 36.8 per cent of the country’s cement export value during the 2M20. The Philippines imported 1.1Mt at a value of US... |
Vietnam's cement sales set to rise 2% in 1Q2123 March 2021, Published under Cement NewsVietnam is expected to sell 8.87Mt of cement in March, up 1.5 per cent YoY, according to the latest data from the Department of Building Materials under the Ministry of Construction. The figure includes 5.02Mt of cement sold in the domestic market. State-owned VICEM is also expected to sell 1.83Mt in the domestic market and 3.85Mt of exports during the March period. As a result, Vietnam’s cement sales are estimated to have increased 1.5 per cent YoY to 22.31Mt in the first quarter of 2... |
New 2Mta plant planned for Cambodia19 March 2021, Published under Cement NewsCambodia’s Conch KT Cement (Phnom Penh) plans to build a US$263m cement factory in Aoral, Kampong Speu province, with a 2Mta capacity, according to the Phnom Penh Post. Conch KT Cement is a joint venture between China’s Conch International Holding (HK) Ltd and Battambang KT Cement. The joint venture currently operates another 2Mta facility in Ratanak Mondol district, which started up in 2018. Conch KT Cement’s feasibility study on the project is reportedly almost complete, as the compa... |
Philippines expands import safeguard measures16 March 2021, Published under Cement NewsThe Philippines has expanded the list of countries covered in its cement import safeguard measures. The amendment was based on the Department of Trade and Industry’s annual review of import data, where it found that some countries already have a share of total cement imports that has exceeded the three per cent threshold, according to the Manila Bulletin. As a result, the list now includes Chile, Israel, Slovenia, Slovakia, Poland, Lithuania, Latvia, Hungary, Estonia, Czech Republic, the R... |