Cement News tagged under: Southeast Asia
Solid Cement advances US$323m expansion15 February 2022, Published under Cement NewsPhilippines-based Solid Cement Corp , part of Cemex Holding Philippines, will finally move forward with its long-delayed capacity expansion despite the rise in cost from US$235m to US$323m. The project will see the construction and installation of a new 1.5Mta integrated production line at the plant’s Antipolo City plant in Rizal. Principal contractors to the project will be Atlantic Gulf and Pacific Co of Manila Inc and Betonbau Philippines Inc. The plant is scheduled to come online i... |
San Miguel Cement may double capacity at Davao plant14 February 2022, Published under Cement NewsSan Miguel Corp (SMC) said its affiliate Southern Concrete Industries Corp may look to double the manufacturing capacity of its new Davao cement plant . Southern Concrete Industries Corp, formerly Oro Cemento Industries Corp, is considering doubling its manufacturing capacity to 100m bags per year, it said in a disclosure to the stock exchange. SMC president and CEO, Ramon Ang, earlier said the increase in manufacturing capacity of Southern Concrete "will reduce the dependence... |
CMS raises cement price due to higher costs14 February 2022, Published under Cement NewsMalaysia-based CMS is introducing a 10 per cent price hike from 17 February, the first one since 2016, according to Market Screener. The company attributes the need to raise prices to significant and sustained increase raw materials, packaging and freight costs. In the last year, cement production costs have increased by nine per cent and show no signs of abating yet. The Baltic Dry Index has shown a rate rise of 64 per cent in 2021 while the sack kraft paper index was up 33 per cent in ... |
SCG looks to recover from disrupted markets11 February 2022, Published under Cement NewsSCG, a leading conglomerate from Thailand, found COVID-19 disrupted its markets at home and abroad in 2020-21. Its FY21 results continued to be impaired by the Omicron variant, but the company is pushing ahead with its Green Choice programme of investments and remains optimistic that it can benefit from the improved economic forecasts for domestic construction growth in 2022. SCG's FY21 results reported a four per cent decline in grey cement demand in Thailand. Residential, commercial a... |
VICEM sees 29.4Mt of cement and clinker sold in 202108 February 2022, Published under Cement NewsVietnam-based Vietnam Cement Industry Corp (VICEM) sold 29.44Mt of cement and clinker in 2021, reflecting stable sales when compared with 2020, according to local media. VICEM’s cement sales reached 24.16Mt while clinker sales reached 5.28Mt. The company’s output saw a 2.1 per cent drop to 21.47Mt of clinker and 24.1Mt of cement. The company’s revenues remained level at VND33.81trn (US$1.46bn) when compared with 2020. Its pretax profit slipped 1.3 per cent YoY to VND2.05trn. In 2021 V... |
Semen Indonesia looks forward to 4% FY22 expansion02 February 2022, Published under Cement NewsSemen Indonesia expects to grow 3-5 per cent YoY in FY22, up from two per cent in FY21 as the key market for bagged cement (mainly for home renovations and small home cluster developments) improves. In addition, the property stimulus by the Indonesian government and a high infrastructure budget in FY22 are expected to support sales. A further driver is the improved control of the COVID-19 pandemic. The company’s sales strategy heavily focusses on the domestic market, which provides higher... |
Ha Tien sees 65% drop in 4Q net profit26 January 2022, Published under Cement NewsHa Tien 1 Cement JSC , in which Vietnam Cement Industry Corp holds a 79.7 per cent stake, reported a 65.4 per cent YoY fall in consolidated net profit to VND53.32bn (US$2.3m) in the 4Q21 due to a decrease in gross profit. The company’s net profit during the quarter declined 8.5 per cent YoY to VND2.02trn. In 2021 the company saw a 39.1 per cent drop in consolidated net profit to VND369.86bn on a net revenue of VND7.06trn, down 11.3 per cent YoY. |
Vietnam cement sales slip in 2021 but exports surge24 January 2022, Published under Cement NewsCement sales in Vietnam edged up by two per cent to 6,135,769t in December 2021, according to the Vietnamese cement association, VNCA. When compared with November 2021, the increase was 10 per cent. Of this total, VICEM sales remained stable YoY although MoM they saw a 13 per cent hike to 2,067,491t in December 2021. Affiliated companies reported a nine per cent drop YoY but an 11 per cent MoM rise to 1,353,278t while Vietnam’s other cement producers reported YoY and MoM increases in sales... |
PT Indocement Tunggal Prakarsa reports sales volumes of 17Mt in 202124 January 2022, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk (INTP) (HeidelbergCement group) recorded sales of 17Mt in 2021, a three per cent increase from the previous year. "This achievement is more or less in line with the target," explained Antonius Marcos, director and corporate secretary of Indocement. Marcos explained a number of factors which impacted cement sales last year. "The main driving factor for sales was from the retail sector, which is increasing public optimism of the recovery of the... |
Siam City Cement Group signs biodiversity MoU with IUCN21 January 2022, Published under Cement NewsSiam City Cement Group (SCCC Group) and the International Union for Conservation of Nature (IUCN) have extended their partnership for another three years by formalising a new Memorandum of Understanding (MoU). The MoU will support the implementation of the INSEE Sustainability Ambition 2030 plan, targeting Net Positive Impact (NPI) on biodiversity at sites where SCCC Group operates. The goal of the partnership is to avoid and minimise biodiversity loss to the maximum extent possible. Ov... |