Cement News tagged under: ASEAN

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Siam Cement outlines investment to strengthen ASEAN presence

03 September 2014, Published under Cement News

Siam Cement Group, Thailand's largest building materials company, is preparing to invest THB3.19bn (US$$100m) in its core business, part of the company's to strengthen its high-value-added products and boost its presence in the ASEAN region. "(Our aim is) to become an Asean sustainable business leader," said President and CEO Kan Trakulhoon in a statement About THB2.8bn of the investment is earmarked for mortar plants in the northeastern province of Khon Kaen and the northern province o...

Semen Indonesia Myanmar investment delays

01 September 2014, Published under Cement News

Semen Indonesia may have to postpone expansion into Myanmar until next year due to prolonged negotiations with its local partner, a company executive told the Jakarta Post. Finance director Ahyanizzam said that despite a suitable partner having been found, discussions regarding the ownership of the joint venture have not proceeded as expected. "We initially planned to enter Myanmar to become a major shareholder in a joint venture and acquire a company. We've found a suitable partner but neg...

Vicem cement output rises 4.7% YoY

20 August 2014, Published under Cement News

State-owned Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, produced 10.24Mt of cement in the first seven months of this year, rising 4.7 per cent from the same period a year earlier. Clinker output, however, fell one per cent YoY to 9.43Mt during the period. In July, Vicem’s cement output rose 7.8 per cent YoY to 1.54Mt, while the corporation’s clinker output was 1.47Mt, up 8.1 per cent. In the first seven months, Vicem’s total clinker and cement sal...

Indonesian demand poised for recovery

13 August 2014, Published under Cement News

Indonesian cement demand is poised to pick up following a 25 per cent YoY decline last month, analysts at CIMB have said. The bank says July's unusually weak figures were due to a combination of the presidential election and Eid celebrations. Despite the weak figures, CIMB says July 2014 demand was actually higher than August 2013, the time of Eid last year, suggesting that the sector is stronger than originally thought. The Indonesia Cement Association (ASI) is also confident of a rev...

Tasek 2Q revenue lifted by domestic cement sales

07 August 2014, Published under Cement News

Tasek Corp Bhd reported a 20.78 per cent rise in revenue for the second quarter, driven by higher demand for cement in its domestic market of Malaysia. Revenue for the three months to the end of June 2014 reached MYR171.5m, compared with MYR142m a year earlier. The company said that the higher revenue was mainly due to higher domestic demand, while its concrete unit recorded an operating loss due to lower sales volumes which were partly offset by higher average selling prices. "Sales v...

Semen Indonesia outlines 2015 capex

07 August 2014, Published under Cement News

Semen Indonesia has earmarked US$500m in capex next year in anticipation of an increase in infrastructure projects over the next five years, its president director has said. Dwi Soetjipto told the Jakarta Post that the state-owned cement producer will use the investments to build or upgrade cement plants and to improve the company’s distribution network. Dwi added that the company aims to produce 40Mta of cement by 2017. He expects demand to jump over the 2014-19 period due to infrastruct...

Vietnam cement production rises 6.5%

31 July 2014, Published under Cement News

Vietnam produced 4.9Mt of cement in July, up 6.5 per cent from both June 2014 and from the year-ago period, the government’s General Statistics Office (GSO) said. In the first seven months, domestic output is likely to have increased by 4.6 per cent from a year ago to 33.6Mt. However, the GSO has revised down the country’s cement output in June to 4.6Mt from the earlier estimated figure of 5.4Mt.

SGC second-quarter declines on weaker demand

31 July 2014, Published under Cement News

Siam Cement Group (SCG) reported a 14 per cent decline in second-quarter net profit due in part to weaker domestic cement demand as months of political unrest have delayed spending on infrastructure projects. Profit for the three months to the end of June fell to THB8.53bn, which was also impacted by lower chemical earnings. SCG chief executive, Kan Trakulhoon, said Thai cement demand is expected to increase by zero to one per cent due to a drop in construction activity and a lack of n...

Holcim Philippines 1H14 net profit up on strong sales

29 July 2014, Published under Cement News

Holcim Philippines booked a net profit of PHP3.32bn (US76.5m) in the first half of 2014, up 8.7 per cent compared to the same period of last year. The country’s largest cement producer registered record sales as construction activity went into full swing during the summer months. Second-quarter revenues rose YoY by 8.5 per cent to PHP1.8bn. “On top of the sustained government and private sector spending, we now see some major Private-Public Partnership projects being implemented in the ...

Semen Indonesia increases Vietnam spend

18 July 2014, Published under Cement News

Semen Indonesia has increased the amount it plans to spend on its next Vietnamese acquisition as it sets its sights on a higher-capacity purchase. Speaking to the Jakarta Globe, president director Dwi Soetjipto said Semen Indonesia is looking to acquire a second Vietnamese producer with a production capacity of 2.5Mta involving an investment of IDR3trn (US$250m). Dwi added that this was an upward revision from the company’s earlier plan, which had allocated IDR1trn for the acquisition of a...