Cement News tagged under: ASEAN

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Holcim Philippines board gives nod for Lafarge talks

29 October 2014, Published under Cement News

Holcim Philippines’ board of directors have authorised the company to “consider and negotiate the purchase” of Lafarge’s shares in Lafarge Illigan Inc, Lafarge Mindanao and Lafarge Republic Aggregates, Holcim said in a disclosure to the local stock exchange. Also included is Lafarge's stake in Star Terminal at the Harbour Centre in Manila, and "such other specific assets or contracts as may be identified or negotiated between the parties." Holcim President and CEO Eduardo A Sahagun told...

Cemex recognised as employer of the year in the Philippines

28 October 2014, Published under Cement News

Cemex recently won the top recognition by the People Management Association of the Philippines (PMAP) for human resource excellence at its APO Cement Plant in the Philippines. PMAP’s Employer of the Year Award annually recognises outstanding achievers whose leadership, dynamism, and professionalism measure up to the high standards of PMAP, Cemex said in statement. “As we continue to grow as a building solutions provider, we also grow with our people. Our employees are the organisation’s...

Philippine quarterly cement sales up 11.9% on favourable weather

27 October 2014, Published under Cement News

Philippine cement sales in the third quarter of 2014 rose 11.9 per cent to 5.4Mt from 4.8Mt a year earlier, a preliminary report from the Cement Manufacturers' Association of the Philippines (CeMAP) revealed. According to CeMAP president Ernesto Ordoñez, the pick up in cement consumption was due to better weather, a factor that may have affected sales, which were stunted, in the second quarter. “Better weather also contributed to improved sales. Companies are able to finish projects as s...

Vietnam cement prices to rise?

16 October 2014, Published under Cement News

The price of cement in Vietnam could be increased this month, according to the country's Ministry of Finance, without stating a reason for the potential rise. Cement is currently sold for VND1.05m-1.5m/t (US$49.5-70.7) in the northern region and VND1.46m-1.8m/t in the south. Clinker and cement export prices were also stable at US$38.2 and US$55.2/t, respectively, the ministry added.

Semen Indonesia scales back full-year growth target

14 October 2014, Published under Cement News

PT Semen Indonesia has reduced its 2014 sales growth target from 5-6 per cent to 4-5 per cent due to a slowdown in cement sector, its corporate secretary, Agung Wiharto, said. Mr Wiharto told Reuters that the state-owned company did not achieve its sales volumes target in the third quarter of this year. Sales volumes in the three months to the end of September 2014 reached 19.1Mt, up three per cent from 18.5Mt a year earlier, representing 71 per cent of its 2014 full-year target. Indonesi...

Semen Indonesia set to acquire land for new Papua plant

13 October 2014, Published under Cement News

PT Semen Indonesia will soon acquire 500ha of land in West Papua for the construction of a cement plant at a cost of around US$150m. Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post that the firm would sign a memorandum of understanding (MoU) later this year to procure the land for the first cement factory in the province. "For a capacity of around 1Mta, we might need around 500ha," Agung said. Construction of the new plant is expected to begin in 2015. The new plant...

Semen Tonasa plans Papua factory, Indonesia

03 October 2014, Published under Cement News

PT Semen Tonasa plans to develop a new factory in Papua with a total investment of up to IDR3trn (US$247.08m), to cut distribution costs, according to its CEO, Unggul Atas. Sales in the eastern provinces of Papua and Maluku until August reached 787,408t, down 1.5 per cent from a year earlier. Cement consumption in Papua and Maluku was 1.2Mt in 2013, down two per cent from 1.22Mt a year earlier. (Source: Investor Daily, Indonesia)

Semen Indonesia seeks loan for Papua plant construction

25 September 2014, Published under Cement News

Semen Indonesia is seeking IDR600-IDR840bn(US$50-70m) in bank loans to help finance construction of a new cement plant in Jayapura, Papua, according to reports by the Jakarta Globe. Indonesia's largest cement producer has recently announced its intention to construct the first cement plant in the country's most eastern-most province to meet the region's demand potential and reduce distribution and logistic costs. “For the Papua plant, we will seek external funds like from loans on top of e...

Semen Indonesia eyes Papua plant construction

17 September 2014, Published under Cement News

PT Semen Indonesia is considering the possibility of constructing a cement plant in Papua to meet demand potential in the country’s eastern-most province and reduce distribution and logistic costs. Dwi Soetjipto, Semen Indonesia president director, told local press that the plant would either be located in Jayapura or Manokwari, the two largest cities in proximity to a limestone quarry. "We hope the study can conclude soon so that we can include the investment needed for the plant in o...

Indonesian August sales higher

11 September 2014, Published under Cement News

Indonesia cement sales jumped 37.4 per cent YoY to 4.7Mt in August 2014 on the back of higher demand from the property and infrastructure projects. Widodo Santoso, chairman of the Indonesian Cement Association (ASI), said that the development of smelters, power plants, apartments, hotels, and social housing has been key to improved cement sales last month. However, the 37.4 percentage point growth was also caused by fewer working days in August 2013 as the Idul Fitri holiday fell in that ...