Cement News tagged under: Asia

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Southeast Asia: tough times – consolidation ahead?

17 June 2019, Published under Cement News

As Western giants are exiting the southeast Asian cement market, a new wave of consolidation, this time by local companies, is taking place. By Manas Tamotia, LEK Consulting, Singapore China’s Sinoma International Engineering Co Ltd is adding 10,000tpd of cement capacity to PT Cemindo Gemilang’s production base at the Bayah plant in Banten province, Indonesia As inflexible Western giants continue to withdraw from their positions in southeast Asia, the region’s cement market i...

Asia's need to embrace co-processing

17 June 2019, Published under Cement News

As the Cemtech Asia 2019 Conference and Exhibition prepares to open in Bangkok next week, our weekly newsletter focusses on the opportunity for co-processing in Asia's cement sector, where general, post-consumer, plastic waste is being imported on an unprecedented scale, since China banned these foreign imports in 2017. Malaysia alone, for example, imported more than 754,000t of plastic waste from January to June 2018, according to Greenpeace. While public campaigns against imported waste ...

Asia's need to embrace co-processing

14 June 2019, Published under Cement News

As the Cemtech Asia 2019 Conference and Exhibition prepares to open in Bangkok next week, our weekly newsletter focusses on the opportunity for co-processing in Asia's cement sector, where general, post-consumer, plastic waste is being imported on an unprecedented scale, since China banned these foreign imports in 2017. Malaysia alone, for example, imported more than 754,000t of plastic waste from January to June 2018, according to Greenpeace. While public campaigns against imported waste ...

Aggregates in growth mode

04 June 2019, Published under Cement News

The scale and dynamics of the aggregates industry are often poorly understood. Now, thanks to the Global Aggregates Information Network (GAIN™), better macro-data is available, which points to a maturing global industry, poised for significant growth in the coming decade. Consequently, aggregates may provide an attractive and complementary new investment horizon for players in the cement industry. By Jim O’Brien, GAIN, Ireland. Participants from six continents at the most recent GAIN ...

A new wave of Asian overseas expansion?

05 November 2018, Published under Cement News

This week CemNet reported on the announcement that Taiwan Cement is creating a new subsidiary, Dutch TCC Holdings, investing up to US$1.1bn in the new company. Dutch TCC Holdings is expected to enter a joint venture in Turkey with Ordu Yardimlasma Kurmu (Oyak) Holding, which will hold a 60 per cent share, while Dutch TTC Holdings will account for the balance of shares. TCC has acquired 40 per cent fo the shares of Oyak Çimento for a total value of US$640m. Oyak is reported to be willing t...

GCCA expands to 16 members

05 September 2018, Published under Cement News

The Global Cement and Concrete Association (GCCA) expanded to 16 members last month, adding companies from Europe, South America and Asia. Buzzi Unicem, Cementos Argos, Cementos Pacasmayo, Çimsa Çimento, SCG Cement and Titan Cement were all welcomed to the association which launched earlier this year. Furthermore, the US-based Portland Cement Association has joined the GCCA as an affiliate. "We are delighted to welcome further cement and concrete companies and like-minded organisations t...

Cementir bets on US for 2018-20 revenue targets

29 June 2018, Published under Cement News

Cementir will seek long-term value creation by doubling earnings per share by 2020 compared to 2017, announced Francesco Caltagirone, chairman and CEO of the Italian cement producer this week at the company's investor conference in Milan' According to the group's ambitious 2018-2020 business plan, the company is targeting revenues and EBITDA of EUR1.34bn and EUR270m, respectively, by 2020, while net debt is forecast to fall to EUR50m at the end of the period.

 The USA is seen as the main g...

Attock Cement reports flat 4Q earnings, full-year rise

13 September 2017, Published under Cement News

Pakistan cement producer Attock Cement posted flat net earnings in 4QFY17 of PKR796m (US$7.5m) against the same period of last year, the company said in a note to the Pakistan Stock Exchange. The result took full-year earnings in fiscal 2016-17 to PKR3.303bn, up five per cent YoY versus PKR2.89bn in the previous fiscal. Revenue in FY17 rose by six per cent YoY to PKR14.7bn thanks to a rise in cement dispatches to 2.08Mt. However, margins remained stagnant at 40 per cent as coal pri...

Kohat seeks environmental clearance for expansion project

29 August 2017, Published under Cement News

Kohat Cement Company is seeking environmental clearance for the construction of 7800tpd in additional capacity at its plant in Kohat, northern Pakistan. The Environmental Protection Agency (EPA) of Khyber Pakhtunkhwa province has received the application from Kohat Cement, according to local sources. Comments in favour or against the environmental approval of the said project are invited to be submitted to the EPA's director general within a period of 30 days from the date of issuance of...

West China Cement sees improved operating environment

17 August 2017, Published under Cement News

West China Cement Ltd and its subsidiaries reported on an improving operating environment in the first half of 2017 with sales volumes in the Shaanxi province remaining stable while volumes in the Xinjiang and Guizhou provinces registering slight increases. Total group sales volumes of cement and clinker were 8.76Mt, up from the 8.39Mt recorded in 1H16. group’s capacity as at 30 June 2017 has reached 29.2Mt of cement. The group said it has maintained a strong market position in its s...