Cement News tagged under: Southeast Asia
Semen Indonesia first-quarter sales rise 3.5%17 April 2014, Published under Cement NewsPT Semen Indonesia, the country’s leading cement producer, sold 6.16Mt of cement to the domestic market during Jan-March 2014, a 3.5 per cent increase compared to the same period last year. During the first three months of this year, Indonesian consumption increased by 3.7 per cent, a much slower rate compared to the 8.6 per cent growth registered in 1Q13. The 1Q14 slowdown was partly attributed to adverse weather conditions in January and February but domestic demand rebounded in March, in... |
Bosowa Maros plans IPO by 201616 April 2014, Published under Cement NewsThe Bosowa Group of Indonesia plans to take its cement unit, Semen Bosowa Maros, to an initial public offering by 2016. “We may go public within the next two years. The market’s been anticipating Semen Bosowa will go public, since many cement makers have entered the bourse,” Sadikin Aksa, managing director at Bosowa Corporindo, told the Jakarta Globe. While the company is focussing on the local market for the time being, it also plans to expand to Vietnam and Myanmar within five years, ... |
Fitch affirms Siam City Cement’s long-term rating, outlook ‘Stable’15 April 2014, Published under Cement NewsFitch Ratings has affirmed Thailand-based Siam City Cement Public Co Ltd's (SCCC) National Long-Term Rating at 'A(tha)', its National Short-Term Rating at 'F1(tha)', its National Long-Term Rating on its senior unsecured debentures at 'A (tha)'. The outlook is Stable. Leading market position SCCC has maintained its position as Thailand's second-largest cement producer with a stable market share of 28 per cent in 2013, Fitch notes. Its strong brands in cement and ready-mixed concrete have u... |
Indonesia 1Q14 sales growth slows14 April 2014, Published under Cement NewsIndonesian cement consumption slowed during the first quarter of this year despite a strong rebound in March sales, latest data by the Indonesia Cement Association (ASI) shows. For the first three months of the year, demand rose by 3.7 per cent YoY to 14.08Mt compared to 13.58Mt in the comparative period of 2013. However, annual growth in the 1Q13 was much higher at 8.6 per cent. According to the data, consumption during the Jan-March 2014 period fell in almost all regions. Consumptio... |
Holcim Indonesia to integrate two subsidiaries08 April 2014, Published under Cement NewsHolcim Indonesia plans to integrate two subsidiaries as part of efforts to improve operational efficiency, the company said in a statement on Friday. The Indonesian division of the cement Swiss major plans to merge units Bintang Polindo Perkasa and Wahana Transtama. Holcim now controls 100 per cent of Bintang Polindo after it acquired the ownership from Cemex Asia in 2008. Bintan Polindo owns cement milling facilities with a capacity of 600,000t in Ciwadan, Banten. Meanwhile, Wahana Transta... |
Vietnam 1Q14 domestic sales rise 8% YoY31 March 2014, Published under Cement NewsVietnam sold 10.23Mt of cement in the domestic market in the first quarter of this year, up eight per cent from a year ago, the Ministry of Construction (MoC) said. Shipments in March 2014 alone totalled 4.68Mt. The three-month sales figure accounted for 21 per cent of the country’s full-year target, the MoC said on its website last week. The country exported US$66m worth of cement and clinker between January and March, fulfilling 19.5 per cent of the whole-year target, including US$20m... |
Indonesia February cement sales advance17 March 2014, Published under Cement NewsIndonesian cement sales rose 2.7 per cent last month to 4.4Mt from a year earlier, state-owned Semen Indonesia announced, citing data from Indonesia Cement Association (ASI). Cement sales during February 2014 in the main market of Java rose four per cent to 2.5Mt from the same period last year, despite the eruption of Mount Kelud in East Java on 13 February which disrupted flights and economic activities in the surrounding areas. Shipments in East and West Java rose just over 12 per cent... |
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 ... |
Vietnam Jan-Feb sales rise 6.7% YoY05 March 2014, Published under Cement NewsVietnam sold 8.4Mt of cement in the first two months of this year, up 6.7 per cent from a year earlier, the Ministry of Construction said. Of the total, 5.3Mt of cement was sold in the domestic market while about 3.1Mt of cement and clinker was exported. At present, the local cement industry has around 2.6Mt of inventory, mainly clinker. Vietnam’s cement sales are predicted to rise by 1.5-3 per cent YoY to between 62-63Mt this year, including 48.5-49Mt of domestic sales and 13.5-1... |
Record profits for Holcim Philippines21 February 2014, Published under Cement NewsHolcim Philippines registered record earnings and sales last year amid strong market conditions and effective cost management. Meanwhile, the company has said it will delay the construction of a new cement plant in Bulacan as its Swiss parent reorganises regional operations. “Our company benefited from the good business environment, which has allowed the construction boom to persist and cement demand to thrive. Credit should also go to our people, who did their part in attaining this recor... |