Cement News tagged under: Southeast Asia
Indonesian president inaugurates Tonasa V project19 February 2014, Published under Cement NewsPresident Susilo Bambang Yudhoyono of Indonesia has officially inaugurated Semen Tonasa’s Line V project and power plant in Pangkajene Island District, South Sulawesi. Semen Tonasa, which is part of Semen Indonesia group of companies, invested US$289m in this fifth line which has a capacity of 8000tpd. The project has added 2.5Mta of volumes to Tonasa’s cement portfolio, bringing its total capacity to 7Mta. New equipment, supplied by some of Europe’s leading technology providers, spanned r... |
Thailand: Siam City Cement anticipates flat domestic demand in 201414 February 2014, Published under Cement NewsSiam City Cement Co (SCCC) posted flat volumes in the fourth quarter of last year and expects demand to remain subdued during 2014 due to the postponement of infrastructure and private sector projects. "In the fourth quarter of last year, the company saw flat volume, both QoQ and YoY. This year, the construction industry may not grow because of delays in large-scale infrastructure projects and private investments," the listed company said in a press release yesterday. However, the company... |
Vietnam export sales hit new high13 February 2014, Published under Cement NewsMinistry of Construction (MoC), said cement output in 2013 hit 70Mt while sales rose 14 per cent YoY to 61Mt. Cement exports reached a record high of more than 14Mt during the year as producers turn to overseas sales amid fierce competition in an overcrowded domestic market. Vietnam is predicted to witness an oversupply of 8-12Mta of cement due to many cement plants being put into operation, said MoC. At present, Vietnam has 106 cement factories. The oversupply in Vietnam's cement sec... |
Indonesia: January sales decline on floods10 February 2014, Published under Cement NewsCement sales in Indonesia declined by 0.3 per cent to 4.64Mta as heavy rains triggered extensive flooding, causing disruption to construction activity and distribution networks. Cement sales in Java fell by two per cent to 2.5Mt, state-owned Semen Indonesia announced on its website, citing data from the Indonesian Cement Association. Sales in Sumatra, Indonesia's second-largest market, dropped by one per cent to 1.02Mt. Semen Indonesia maintained its market share of 44 per cent. Its sub... |
Philippine cement sales advance 6% in 201330 January 2014, Published under Cement NewsPhilippine cement sales increased by 5.9 per cent YoY on the back of increased infrastructure activity, the Cement Manufacturers Association of the Philippines (CeMAP) has said. Local cement producers saw sales grow to 19.4Mt from 18.4Mt the year before, according to Ernesto M. Ordoñez, president of CeMAP. In the fourth quarter alone, cement sales advanced by 2.1 per cent to 4.5Mt from 4.4Mt a year earlier. Mr Ordoñez attributed the increase to “continued confidence in government and la... |
Semen Indonesia plans IDR4trn capex in 201430 January 2014, Published under Cement NewsSemen Indonesia plans to spend IDR4trn (US$328.81m) to construct two plants in Rembang (Central Java) and Indarung (West Sumatra), the company’s CEO, Dwi Sutjipto, has said. Indonesia’s largest cement producer also plans to improve its distribution capabilities by establishing packaging factories in Balikpapan, Pontianak and North Sulawesi. Last year the company registered a net profit of more than IDR5.7trn, up 16 per cent YoY. Looking ahead, Semen Indonesia has said it is optimistic t... |
Indonesian demand expected to rise by 6-7%29 January 2014, Published under Cement NewsIndonesian cement consumption is expected to grow at a similar rate to 2013 despite cement price increases, as producers look to compensate for higher electricity costs and lower growth forecasts. Widodo Santoso, chairman of the Indonesian Cement Association, told the Jakarta Post that cement demand is expected to rise to 63Mt this year, a YoY increase of 6-7 per cent. Around 1Mt of demand is expected to be met by imports. Last year domestic consumption reached 58Mt, increasing by abo... |
Vietnam's Jan cement output increases27 January 2014, Published under Cement NewsVietnam is estimated to produce 4.8Mt of cement in January, up three per cent YoY but down 13.24 per cent from December 2013, the government General Statistics Office said in a monthly report. The office revised down the country’s cement output in December 2013 to 5.5Mt the earlier estimated figure of 5.7Mt. In 2013, Vietnam’s cement output hit 56.84Mt, according to the revised figure. |
Bim Son Cement sales reach 3.9Mt in 201321 January 2014, Published under Cement NewsVietnam-based producer Bim Son Cement JSC (BCC) sold 3.9Mt of cement and clinker in 2013, comprising 3.4Mt of cement and 588,000t of clinker. The company’s clinker output was more than 3.9Mt last year. Its revenue rose by 0.6 per cent YoY to VND3.8trn, the Dau Tu newspaper reported. For this year, Bim Son Cement targets output of more than 3Mta of clinker, while cement and clinker sales will hit 4Mt, including 3.8Mt of cement. Revenue for 2014 is expected to reach VND4.1trn. |
Semen Indonesia eyes further Asian expansion15 January 2014, Published under Cement NewsFollowing the acquisition of a majority stake in Vietnam-based cement producer Thang Long Cement in 2012, Semen Indonesia is now setting its sights on expanding into Bangladesh as well as completing a deal in Myanmar this year. “We will probably acquire grinding mills in Bangladesh [...] but not this year,” Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post. Wiharto also said that Semen Indonesia is looking to acquire a cement company or establish a joint venture i... |