Cement News tagged under: ASEAN

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Lafarge Malaysia expects subdued demand, higher prices

09 April 2019, Published under Cement News

Lafarge Malaysia expects subdued domestic cement demand to continue in 2019 but prices are anticipated to increase due to higher production costs. A report in the Edge Financial Daily states that the recovery in the property market will take longer as the oversupply overhang and affordability issue continues to plague the industry. The potential revival of the East Coast Rail Link (ECRL) project is positive for the group as it had secured a cement supply contract previously, the report ad...

SCG records 6% rise in revenue for 2018

31 January 2019, Published under Cement News

Thailand’s Siam Cement Group (SCG) announced a six per cent YoY rise in sales revenue to THB478.4bn (US$15.3bn) for 2018. However, profit for the year decreased 19 per cent from the year-ago period to THB44.74bn due to global economic uncertainties, according to the company. In the company’s Cement-Building Materials segment, revenue increased four per cent YoY to THB182.9bn in the FY18. Profit for the year finished at THB5.98bn, falling seven per cent from 2017 mainly due to asset impairm...

Eagle posts flat 2Q earnings

09 August 2017, Published under Cement News

Eagle Cement Corp of the Philippines reported a one per cent rise in earnings for the second quarter of this year as wet weather affected results. Net profit edged ahead to PHP1.9bn (US$37.5m) during the quarter versus PHP1.03bn a year ago, while net sales increased by six per cent to PHP3.71bn. "Historically second quarter is slower because of the rainy season," Eagle Cement President and CEO, John Paul L Ang, said in a press briefing, adding that the Easter Holy Week holiday occurred...

Holcim Indonesia half-year sales decline 10% YoY

07 August 2017, Published under Cement News

Holcim Indonesia reported a 10 per cent decline in sales to IDR4288bn in the first half of 2017 due to “tough market conditions exacerbated by the timing of Ramadan,” the company said in a statement. The subdued domestic economy and oversupplied market environment continued to suppress prices. However, the cost of sales was down by nearly two per cent reflecting the implementation of cost efficiency programmes by the company. Domestic cement consumption over the first six months of 2017 ...

SCG revises down full-year outlook

28 July 2017, Published under Cement News

Siam Cement Group's (SCG) has revised down its sales growth outlook for 2017 as net profits in cement and building materials fell by 29 per cent YoY in the 2Q17. Speaking to reporters in Bangkok on Tuesday, SCG chief executive, Roongrote Rangsiyopash, said the Thai cement market slowed more than the company expected in the period. Domestic cement sales by volume were down seven per cent YoY in the three months to the end of June, following a seven per cent fall the previous quarter. Demand...

Cambodia plant set to begin operations at year-end

28 July 2017, Published under Cement News

Battambang Conch Cement, a joint venture between Cambodia’s Battambang KT Cement and Conch International Holdings, is set to begin operations of its 1.8Mta cement plant in Battambang province at the end of the year. “The official commission of the plant will be in December,”  the Khmer Times (Cambodia) quoted Sie Mengnang, an administrative officer in Battambang Conch Cement, as saying. “Currently about 70 per cent of construction has been completed,” he added.

Indonesia 1H sales dip, exports rise

18 July 2017, Published under Cement News

Cement sales in Indonesia registered a slight decline over the first half of this year, while exports sales fared better over the six-month period, according to the latest industry data. Domestic sales were down by 1.3 per cent YoY to 29Mt in the 1H17, compared to 29.37Mt a year earlier, statistics published on state-owned Semen Indonesia’s website reveal.  Widodo Santoso, chairman of the Indonesian Cement Association (ASI), told local press that the decline is attributed to the long hol...

Loesche to supply Bim Son Cement

11 July 2017, Published under Cement News

Bim Son Cement JSC has awarded Loesche the contract to supply a vertical roller mill for the grinding of clinker and granulated blast furnace slag at the Bim Son cement plant in Thanh Hóa province, Vietnam. The scope of the order includes a VRM with a throughput of 250tph, plus a silo, blower, filter and packing plant. The new mill is expected to be commissioned in August 2017. Bim Son Cement, a subsidiary of the Vietnam National Cement Corporation (VICEM), has recently increased capacit...

Republic Cement outlines capacity development plans

23 June 2017, Published under Cement News

Philippine-based Republic Cement group, a joint venture between CRH and local conglomerate Aboitiz Equity Ventures, has announced plans to invest an initial US$300m for its capacity development activities, the Manila Bulletin reports. The first phase of these activities, targeted for completion by 2019, focuses on increasing the capacity of all its integrated plants in Luzon and Mindanao, both in terms of milling and clinker production, to increase cement capacity by 3Mta.  Moreover, iimpro...

BOI seeks further industry investments

21 June 2017, Published under Cement News

The Philippine Board of Investments (BOI) is seeking investment in the cement sector as it expects demand to hit 40Mta by 2020 due to a peak in government infrastructure spending. To prevent a supply shortfall, the Department of Trade and Industry (DTI)  is starting preparation to ensure that construction materials are sufficient to support the government’s massive “Build, Build, Build” programme and the PHP10bn reconstruction budget for Marawi City. Last year, domestic cement consump...