Cement News tagged under: ASEAN

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SCG: second-quarter earnings drop expected, outlook upbeat

17 July 2014, Published under Cement News

Siam Cement, Thailand’s largest industrial conglomerate and leading cement producer, is expected to report a 10.5 per cent drop in second-quarter earnings, according to KGI Securities. The decline is mainly attributed to falling regional demand for chemical products. KGI analyst Nat Panassutrakorn has revised down his full-year net profit forecast by 8.2 per cent to THB34.5bn (US$1.1bn), but is more upbeat about longer-term prospects. "Revival in local confidence, quick disbursement fr...

Indonesia ranks Vietnam’s top importer over Jan-May 2014

17 July 2014, Published under Cement News

Indonesia accounted for the largest share of Vietnam’s exports over the first five months of this year, according to data from the Vietnamese Ministry of Industry and Trade. Indonesia imported 1.27Mt of cement and clinker from Vietnam, representing 12 per cent of sales over the January-May 2014 period. Taiwan ranked second with 581,600t, followed by Malaysia (423,371t), Chile (215,000t), Cambodia (206,473t) and Angola (193,159t). Vietnam’s domestic sales are expected to rise by nine pe...

SCG prepares to launch flagship products to Indonesian market

16 July 2014, Published under Cement News

Siam Cement Group (SCG) is preparing to introduce its three flagship products to the Indonesian market, a country high on the Thai building materials major's agenda as it looks to extend its southeast Asian presence. The three products are SCG’s energy-saving lightweight concrete SCG Smartblock, the quick-to-dry Portland composite cement SCG Cement PCC, and the ready-mixed concrete Jayamix by SCG Super Concrete. The products will be used to serve the Jakarta market initially. SCG Sma...

Indonesia sales growth slows in first six months

14 July 2014, Published under Cement News

Indonesian cement sales growth has slowed in the first six months of the year, leading to concerns that the country may miss its full year target. For the six months to the end of June 2014, domestic sales reached 28.9Mt, up 3.9 per cent YoY but well below the full-year growth target of six per cent. According to data from the Indonesian Cement Association (ASI), cement demand on the island of Sulawesi rose at the highest YoY rate of 5.7 per cent YoY to 2.1Mt. Consumption on Java, Ind...

RAM Ratings reaffirms Lafarge Malaysia rating

27 June 2014, Published under Cement News

RAM Ratings has reaffirmed the AA2/Stable/P1 ratings of Lafarge Malaysia Berhad's MYR350m (US$109m) Islamic Securities Programme (2010/2017). The ratings are premised on Lafarge Malaysia's strong business and financial profiles despite the entry of a new player, rising costs and pricing pressure. "Lafarge Malaysia delivered a positive performance in FY December 2013. Its revenue and pre-tax profit rose by four per cent and 10 per cent YoY respectively. Lafarge Malaysia's financial profile ...

Higher sales boost Lafarge Malaysia 1Q14

23 May 2014, Published under Cement News

Lafarge Malaysia’s revenue for the 1Q14 was 4.9 per cent higher YoY to MYR676.6m (210.7m), mainly due to higher cement and aggregate sales volumes. Revenue growth was partially offset by lower sales in the aggregate and concrete division attributed to the completion of the KLIA 2 project, the group said in a statement. The group registered net profit of MYR97.2m for the quarter, a 32.4 per cent YoY increase, mainly as a result of higher revenue from its cement division. Compared to t...

Italcementi eyes Myanmar investment

11 March 2014, Published under Cement News

Italian cement major Italcementi is studying the possibility of entering the Myanmar market in the the next few years, its chief executive has said in a recent interview. Speaking to The Nation about Italcementi's growth potential in the Asean region, Carlo Pesenti said: "We are negotiating with a local partner in Myanmar and also studying the country's Foreign Investment [Law]," he said. Italcementi is already active in Southeast Asia through its  Jalaprathan Cement and Asia Cement operat...

Siam Cement’s board approves investment budget, Thailand

30 August 2012, Published under Cement News

Thailand’s leading industrial conglomerate Siam Cement Group said its board has approved plans to invest about THB150-200bn (US$4.8-6.4bn) over the 2013-17 period. Most of the investments will be spent in Southeast Asia and existing projects. Speaking to reporters, CEO Kan Trakulhoon, said: "The board has approved the investment budget at the minimum of THB150bn. If we get a good deal (acquisition), we can extend the budget to THB200bn." Kan added that the company plans to announce an ...

Thailand: Siam Cement Group signals Asean logistics expansion

21 August 2012, Published under Cement News

Siam Cement Group (SCG) says its logistics unit will cover Asean and southern China within five years, partly through mergers and acquisitions. Kan Trakulhoon, president and CEO, said the expansion will accommodate growing regional trade under the Asean Economic Community (AEC) from 2015. SCG has also spread its investments across Southeast Asia, and logistics support is needed wherever it operates, he said. "We've already started with Cambodia, Vietnam and southern China. Indonesia is...

Siam Cement to invest US$6.3bn during 2013-17

19 July 2012, Published under Cement News

Siam Cement of Thailand plans to invest THB200bn (US$6.3bn) over the 2013-17 period, according to President and Chief Executive Kan Trakulhoon. Of this total, more than half is earmarked for investment in the ASEAN region, Mr Trakulhoon said. The five-year investment budget for the 2013-2017 period is expected to be proposed to the company's board for approval in August.