Cement News tagged under: ASEAN
Ho Chi Minh City proposes no new cement licences09 June 2017, Published under Cement NewsVietnam's Ho Chi Minh City has proposed Vietnam's Ministry of Construction to adjust its cement development plan, so that no new cement projects will be licensed in the metropolis and existing plants will be relocated. Ho Chi Minh City currently has eight cement firms which run nine plants, including six in industrial parks, the municipal authorities said on Friday, adding that the existing plants should be relocated to other localities. The city will keep only cement distribution facil... |
Cemex Philippines sees 2H acceleration08 June 2017, Published under Cement NewsCemex Holdings Philippines Inc is optimistic that its sales volumes will recover from the subdued first quarter and grow by three per cent by the end of the year from the 5.1Mt of cement it sold in 2016, the Manila Bulletin reports. In an interview after the firm's annual stockholders' meeting, Cemex Vice President for Communications, Marketing and Investor Relations, Paul Vincent Arcenas, said they expect a rebound in sales volume in the second half of the year. "The second half is (e... |
Vietnam Jan-May sales up 6%07 June 2017, Published under Cement NewsVietnam sold 33.27Mt of cement in the first five months of this year, an increase of six per cent YoY, fulfilling 41.58 per cent of the whole-year target, the country's Ministry of Construction said. The volume included 24.76Mt of domestic sales, up one per cent YoY, and 8.5Mt of exports, the ministry added. However, local cement producers have encountered difficulties in promoting exports of their clinker and cement due to export duties. These have directly affected domestic cement p... |
Cemex Philippines remains positive on construction prospects03 May 2017, Published under Cement NewsCemex Philippines has said it remains confident on the prospects for domestic construction activity on the back of government investment in infrastructure after seeing lower volumes and pricing in the first quarter of this year. I n the three months to the end of March 2017, Cemex Philippines consolidated net income declined by 24 per cent to PHP350m (US$7m), against pro forma net income from the same period of last year. Lower volumes and prices were partially mitigated by better cost of... |
Semen Baturaja reports IDR259bn net profit in 201628 April 2017, Published under Cement NewsIndonesia state-owned cement producer Semen Baturaja reported an IDR259bn (US$19.4m) in net profit last year, ANTARA News reports. At the company's annual general meeting on Thursday, shareholders decided to pay out 25 per cent, or IDR64.772bn, of the profits as dividend. Around 76.24 per cent, or IDR49.38bn of the dividends are for the state, and the remainder for the investing public, corporate secretary, Zulfikri Subli, said. The remaining 75 per cent of the profit will be retained ... |
Holcim Philippines sees 'challenging' 1Q1727 April 2017, Published under Cement NewsLower public infrastructure spending, tighter industry competition and higher production expenses led to a dip in Holcim Philippines' first-quarter financial performance, the company reported today. The company’s net sales for the first three months of 2017 reached PHP8.8bn (US$176.1m), down 12 per cent YoY due to the challenging business environment. Holcim Philippines also booked PHP1.7bn in operating EBITDA compared to PHP2.5bn in the 1Q16 due to higher costs from rising fuel price... |
Siam City Cement plans refinancing bond28 March 2017, Published under Cement NewsSiam City Cement, Thailand’s second-largest cement producer, has been on the road to meet fixed-income investors for a planned sale of THB13bn (US$377.8m) bond. The proceeds are expected to refinance maturing debt, including bridging loans for acquisitions in Sri Lanka and Vietnam. The company had obtained a THB18.9bn 12-month bridging loan to purchase a 65 per cent stake in Holcim Vietnam in January. That was in addition to a US$400m 12-month bridging loan raised in August to acquire Holc... |
Lafarge Malaysia earnings expected to bounce back21 March 2017, Published under Cement NewsLafarge Malaysia Bhd’s (Lafarge) earnings are expected to bounce back in FY17 and FY18 on the back of local cement sales growth as well as contributions from its collaboration with the federal government, according to analysis by AmInvestment Bank Bhd quoted in The Borneo Post. Following a disappointing FY16, the investment bank anticipates that Lafarge’s earnings are expected to rise by 44 per cent and 68 per cent in FY17 and FY18, respectively. “Lafarge’s local cement sales is to gr... |
Siam Cement predicts high demand for cement next year29 December 2016, Published under Cement NewsDemand for cement in the Asean region is expected to rise further in 2017, according to Siam Cement Group (SCG) President and CEO, Roongrote Rangsiyopash. Rangsiyopash argued cement demand would benefit from a cyclical upturn in the petrochemical industry and the continuous growth of the construction industry throughout the Asean. Roongrote Rangsiyopash expressed his optimism during the Thai Conglomerate's annual stockholders meeting where he disclosed a registered profit of USD404m fo... |
Indonesia: Semen Baturaja reports double-digit sales growth03 March 2016, Published under Cement NewsSemen Baturaja achieved a 20.66 per cent rise in cement sales last year to IDR1.46trn (US$109.32m), the Indonesian stated-owned cement company has said. The sales growth has enabled the company to see its net profit increase by 5.43 per cent to IDR354.67bn throughout 2015. The government's focus on infrastructure projects is seen as benefitting cement companies that support construction and infrastructure firms. Sales of Semen Baturaja's bulk cement, often used in government infrastruct... |