Cement News tagged under: ASEAN
All eyes on the ASEAN30 January 2015, Published under Cement NewsThe southeast Asian cement markets of the Philippines, Vietnam and Thailand are set for continued growth in 2015, while elsewhere in the region there is plenty to keep investors interested. Philippines – sustained growth ahead Cement industry sales in the Philippines have benefitted from robust demand thanks to bustling construction activity nationwide. Last year sales increased by 8.7 per cent YoY, according to the Cement Manufacturers’ Cement Association of the Philippines (CeMAP). Loc... |
Acting Semen Indonesia CEO named new head23 January 2015, Published under Cement NewsPT Semen Indonesia Tbk on Friday appointed acting chief executive officer, Suparni, as its new head. His term will expire in 2019. Suparni, who goes by one name only, had been Acting President Director since the departure of former president director Dwi who was selected in November last year to lead state oil and gas giant Pertamina. Suparni joined Semen Indonesia in 1986. His previous postings were production director of Semen Gresik's Tuban plant since 2007, Head of Corporate Deve... |
SCG positive on Thai demand outlook22 January 2015, Published under Cement NewsThai cement demand is expected to increase by six per cent in 2015 after remaining flat last year, and prices are expected to hold relatively steady despite new capacity on the way, the country’s leading cement producer has said. Speaking during the SCG Dinner 2015 hosted last week, CEO Kan Trakulhoon pointed out that demand resumed YoY growth in December and this year demand will be driven by state infrastructure and commercial projects, Bualuang Securities reported. After reaching a r... |
Vicem sales exceed full-year target15 January 2015, Published under Cement NewsState-owned Vietnam Cement Industry Corporation (Vicem) sales rose by 3.2 per cent from a year ago and exceeded the year’s target by 5.7 per cent boosted by higher exports. For the full year, the country’s leading cement producer sold approximately 24.64Mt of cement and clinker. Of the total, 18.68Mt of cement and clinker were sold in the domestic market, down 2.7 per cent YoY, and 3.4Mt were exported, up 54.1 per cent. In 2014, Vicem’s clinker production edged up 0.7 per cent YoY to 16... |
Lafarge Malaysia contract win and new mill purchase positive30 December 2014, Published under Cement NewsLafarge Malaysia’s recently-awarded MYR254m (US$72.6m) concrete supply contract and its purchase of a cement mill from Lafarge Ciment (Romania) are being viewed as positive for the company by Hong Leong Investment Bank (HLIB). The research house said the five-year contract to supply the Refinery and Petrochemicals Integrated Development project and other Petronas-related projects in Pengerang, Johor, is in line with its positive outlook on the company. Meanwhile, the mill and ancillari... |
Vietnam Jan-Nov cement sales up 16%08 December 2014, Published under Cement NewsCement sales in Vietnam jumped 16 per cent YoY to 64.46Mt in the first 11 months of this year, fulfilling the whole-year target, according to the government’s data. Of the sum, 46.16Mt were sold in the domestic market, rising eight per cent YoY and meeting 94 per cent of the year’s plan. A total of 18.30Mt were exported, rising 43 per cent and surpassing the year’s target by 22 per cent. In November, Vietnam’s cement sales rose one per cent YoY to 6.2M, including 4.52Mt of domestic sal... |
Lawyer defends Semen Indonesia's Rembang plant, Indonesia21 November 2014, Published under Cement NewsNoted lawyer Adnan Buyung Nasution, who is legally representing PT Semen Indonesia, is trying to bring together stakeholders to realise the construction of a cement plant in Rembang, Central Java. "We hope that those who rejected the planned construction of the cement plant will not regard the project as detrimental to residents or as bringing negative impacts, but look at it as a joint interest," the Jakarta Post quoted Adnan as saying. Adnan added that PT Semen Indonesia wanted to sit t... |
Lafarge Malaysia's 3Q14 pretax down 54.2%19 November 2014, Published under Cement NewsLafarge Malaysia reported a 54.2 per cent drop in third-quarter pretax profit on lower revenue and higher operating cost arising from the increase in electricity and fuel prices. Pretax profit for the three months to the end of September 2014 plunged to MYR73.9m (US$21.98m) from MYR161.41m a year earlier, the country's largest producer said in a statement released yesterday. Revenues over the three month period fell to MYR664.63m from MYR728.01m in 3Q13. The decline in sales mainly att... |
SCG chief anticipates 5% rise in 2015 demand30 October 2014, Published under Cement NewsCement demand in Thailand is expected to increase by at least five per cent next year stimulated by an acceleration of government infrastructure development, according to the chief of the country’s leading cement producer. Kan Trakulhoon, CEO of Siam Cement Group (SCG), believes that the Thai economy has bottomed out since August and is recovering gradually. He said the company expects cement demand to recover significantly from the second half of next year, thank chiefly to government pro... |
Vietnam October output up 10.3% YoY30 October 2014, Published under Cement NewsVietnam is estimated to have produced 5.2Mt of cement in October, up 8.33 per cent from September and 10.3 per cent from a year ago, the government’s General Statistics Office (GSO) said. In the first 10 months, the country’s cement output has risen five per cent YoY to 48.4Mt, the office said in a monthly report. The GSO has also revised down the country’s cement output in September to 4.8Mt from the earlier estimated figure of 5Mt. In 2013, Vietnam’s cement output hit 56.84Mt, ac... |