Cement News tagged under: Southeast Asia
Vietnamese cement market contracts 18% in October24 November 2023, Published under Cement NewsCement sales in Vietnam declined by 18 per cent YoY to 4,725,367t in October 2023 when compared with October 2022, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sales fell by 18 per cent YoY to 1,481,781t while other VNCA members sold 893,586t, down 26 per cent YoY. Non-VNCA members saw sales of 2,350,000t, a decrease of 16 per cent when compared with sales in October 2022. In terms of exports, total volumes were up 26 per cent YoY to 2,661,519t in Octob... |
Thailand pins hopes on Land Bridge Project21 November 2023, Published under Cement NewsThailand’s economy grew much slower than expected in the third quarter of 2023. According to the country’s National Economic and Social Development Council (NESDC), GDP expanded by just 1.5 per cent over the three-month period, significantly lower than the 2.4 per cent growth estimated by Reuters. The disappointing result, which marks the slowest quarterly expansion this year, is being attributed to poor exports and government spending. TPI Polene also cited Thailand’s manufacturing ... |
Hume Cement sees return to profit in 1QFY23-2417 November 2023, Published under Cement NewsMalaysia-based Hume Cement reported a MYR48.33m net profit for the 1QFY23-24, ended 30 September 2023 versus a net loss of MYR12.04m in the year-ago period. Revenues advanced to MYR306.66m in the 1QFY23-24 from MYR206.79m in the 1QFY22-23. The increase was attributed to a revision in the selling price of cement to help offset the rise in energy costs and the higher cement sales volume as the construction sector recovered. Looking ahead, the company forecasts the construction sector to co... |
Indonesia’s increased 9M23 demand sees positive results for key producers03 November 2023, Published under Cement NewsIndonesian cement consumption increased 4.4 per cent YoY and 2.7 per cent MoM to 6.12Mt in October 2023, as infrastructure projects in Sumatra were completed and work progressed on the Indonesian National Capital (IKN) project in Kalimantan, according to the Indonesian Cement Association (ASI). In the first nine months of 2023, demand reached 45.3Mt. PT Semen Indonesia Tbk and Indocement Tunggal Prakarsa Tbk increased their market shares to 52.2 and 27.7 per cent, respectively. Semen... |
Holcim signs power agreement with Berde Renewables31 October 2023, Published under Cement NewsHolcim Philippines has signed a power purchase agreement with Berde Renewables, a distributed energy platform of I Squared Capital. Holcim will use solar rooftop projects on its Bulacan and La Union plants with a combined capacity of 5.5MWp and an annual generation of approximately 7.8GWh. Holcim Philippines president and CEO, Horia Adrian, said the project is a significant decarbonisation milestone, “reducing our carbon footprint by more than 20 percent since 2018, with our focus o... |
Vietnam’s cement market contracts 21% in 9M2323 October 2023, Published under Cement NewsCement sales in Vietnam dropped 21 per cent YoY to 4,031,951t in September 2023, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM reported sales of 1,188,851t, down 26 per cent YoY while other VNCA members saw an identical decline to 833,100t. Non-VNCA producers sold 16 per cent less with sales of 2,010,000t. Total exports increased 31 per cent YoY to 2,288,625t in September 2023. Cement exports saw a 46 per cent YoY advance to 1,394,536t while clinker expo... |
Republic Cement to use plastic waste as fuel12 October 2023, Published under Cement NewsRepublic Cement & Building Materials Inc , a member of the Aboitiz Group, has partnered with household and personal care products manufacturer ACS Manufacturing Corp in a bid to reduce plastic pollution. The cement maker said in a statement that, under this partnership, ACS will be disposing of their qualified residual waste through ecoloop, Republic Cement’s official co-processing and resource recovery group. “ACS is proud to enter into this partnership with Republic Cement and ecol... |
White cement anti-dumping duties issued in South Korea27 September 2023, Published under Cement NewsSouth Korea is to impose anti-dumping duties on white Portland cement imported from Egypt, said the industry ministry. Following a preliminary examination, the Korea Trade Commission (KTC) recommended the Ministry of Finance to levy provisional duties of 72.23 per cent on Egyptian white cement imports to protect the local cement industry while it carries out an additional probe. The probe came as domestic cement producer Union Corp filed a complaint in March against Egypt's Royal El M... |
Vietnamese cement market contracts 11% in August21 September 2023, Published under Cement NewsCement sales in Vietnam declined 11 per cent YoY to 4,471,258t in August 2023 when compared with August 2022, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM reported sales of 1,375,727t, down 12 per cent YoY, while other VNCA member companies saw sales fall by 16 per cent YoY to 995,531t. Non-VNCA member sales decreased by nine per cent YoY to 2,100,000t in August 2023. Exports Total exports in August 2023 declined 17 per cent YoY to 2,706,159t. Cement ... |
Institut Semen dan Beton Indonesia becomes an Affiliate Member of WCA01 September 2023, Published under Cement NewsThe World Cement Association (WCA) announced it is welcoming the Jakarta-based engineering specialist and industrial research consultancy firm, Institut Semen dan Beton Indonesia (ISBI) , as an Affiliate Member. Institut Semen dan Beton Indonesia, also known as the Indonesian Cement and Concrete Institute, has provided engineering training and consulting within the cement industry as well as the nickel, steel, power generation and mining sectors, for over 20 years. ISBI’... |