Cement News tagged under: Southeast Asia
Feasibility study for Conch KT Cement plant in Kampong Speu completed24 March 2022, Published under Cement NewsConch KT Cement Co Ltd has completed a feasibility study on a cement plant planned for northwestern Kampong Speu province in Cambodia and is now working on the legal procedures to break ground, according to Vei Samnang, the provincial governor. The project represents an investment of more than US$250m, financed by China. The ~2Mta plant will be located in Monorom village, Horng Samnam commune in the southeastern corner of Kampong Speu’s Oral district. Conch KT Cement Co is a joint ventur... |
Holcim Philippines' net income reaches PHP2.6bn in 202124 March 2022, Published under Cement NewsHolcim Philippines ( Holcim group ) saw higher profits in 2021 as it shielded margins from higher costs by raising prices. Holcim Philippines President and CEO, Horia Adrian, said ‘cost mindfulness’ and a tighter focus on operations and innovation would protect the company’s bottomline through 2021. The company underscored growth last year despite challenges arising from lower demand during the pandemic and the surge in costs of energy and fuel that were key inputs in the production ... |
China Resources reports turnover of HKD44bn in 202124 March 2022, Published under Cement NewsChina Resources Cement announced consolidated turnover amounted to HKD44bn (US$5.62bn) in 2021, representing an increase of 9.7 per cent over the previous year. Profit amounted to HKD7.8bn, or a decrease of 13.3 per cent when compared with 2020. External sales volumes of cement, clinker and concrete reached approximately 81.3Mt, 3.3Mt, and 14.8Mm 3 , respectively, in 2021. The capacity utilisation rates of cement, clinker and concrete production lines were 93.6, 100.6 and 40.9 per cent, r... |
Malaysian raw material costs push up cement prices23 March 2022, Published under Cement NewsThe current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA) . Coal prices have escalated by 30-40 per cent of the cost of cement production, which has necessitated the final product price rises. "Coal prices were previously in the range of US$60/t to US$70/t, but have now increased to US$200/t and could possibly reach up to US$400/... |
Cement producers raise prices in Vietnam18 March 2022, Published under Cement NewsCement manufacturers have raised prices by VND100,000-150,000 (US$4.40-6.60) /t, or by 5.5-8.3 per cent, in Vietnam, claiming production costs have risen. Ha Tien 1 Cement JSC, a subsidiary of the Vietnam National Cement Corporation ( VICEM ), announced a hike of VND100,000/t to VND1,800,000/t for its Vicem Ha Tien brand of packed cement with effect from 23 March. Hoang Long Cement JSC has increased its prices by VND120,000 and Thanh Thang Group Cement JSC has hiked the pri... |
Indonesian cement and clinker exports rise to record levels in 202111 March 2022, Published under Cement NewsIndonesia is rapidly expanding its cement and clinker export activities, with YoY volumes climbing by 25.2 per cent to reach a record 11.610Mt in 2021. By year end, cement exports grew by 46.6 per cent to 1.609Mt, while clinker volumes expanded by 22.3 per cent to 10.001Mt. Bangladesh and the Philippines were major clinker destinations, while cement destinations included Mauritius and the Maldives. |
Malayan Cement swings into the black in 2QFY21-2228 February 2022, Published under Cement NewsMalaysia-based cement producer Malayan Cement Berhad reported a surge in revenues to MYR821.045m in the 2QFY21-22 (ending 31 December 2021, up from MYR350.47m in the 2QFY20-21. The company also turned a pretax loss of MYR-6.398m in the 2QFY20-21 to a pretax profit of MYR79.344m in the 2QFY21-22. Net profit in the second quarter reached MYR54.918m, a significant improvement when compared with the equivalent period of the previous year, when the company reported a loss of MYR-4.897m. First... |
Vietnam sees fall in January domestic sales while exports advance25 February 2022, Published under Cement NewsVietnam saw a 24 per cent drop in cement sales to 4,133,512t in January 2022 when compared with January 2021, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sold 1,382,175t, down 20 per cent YoY, while other associated companies saw their sales shrink 27 per cent YoY to 911,337t in January 2022. Sales of other Vietnamese producers contracted by 24 per cent YoY to 1,840,000t. However, exports increased 22 per cent YoY to 3,834,871t in January 2022. Clinke... |
Fernando Libonati to lead Business Development at FCT22 February 2022, Published under Cement NewsFernando Libonati has been appointed as the Head of Business Development for FCT within the Asia-Pacific and Middle East regions. Mr Libonati commenced in this role in January 2022. With more than 21 years of technical sales experience for prominent companies including Bühler, Aumund and Thermo Fisher Scientific, he has experience across a variety of global markets from having lived and worked in Australia, Hong Kong, China, Germany and Brazil. Fernando holds a Mechanical Engineer... |
BMH Technology Oy wins MSW to RDF project order in Vietnam17 February 2022, Published under Cement NewsBMH Technology Oy will supply a Tyrannosaurus ® waste-to-fuel plant to TTCL Vietnam Corp Ltd as the main EPC Contractor in Bắc Ninh province, Vietnam. The line will process municipal solid waste (MSW) collected in Bắc Ninh province, separate recyclables and refine the rejects into RDF. The delivery by BMH will be part of a waste-to-energy power plant that is being built for Thang Long Energy Environment JSC. The plant is designed to handle a total of 600tpd of fresh MSW and indu... |