Cement News tagged under: Asia
Pakistan FY14-15 Budget set to positively impact on the cement sector04 June 2014, Published under Cement NewsPakistan’s FY14-15 Budget, announced yesterday by Finance Minister Ishaq Dar, is being regarded as largely positive for the country’s cement industry as it includes a number of infrastructures and energy-related projects which look set to spur demand. It is hoped that a 24 per cent increase in higher Public Sector Development Programme spending (PSDP), investments in irrigations, improving the road network and housing projects will accelerate cement demand from the current growth rate of t... |
Semen Indonesia targets Bangladesh acquisition03 June 2014, Published under Cement NewsSemen Indonesia is looking to acquire a cement plant in Bangladesh to strengthen its position in the Asian market. President director, Dwi Soetjipto, told local press that it hopes to complete the purchase later this year or early in 2015. The factory in question is reported to have a capacity of 06.-1Mta. It is also planning to strengthen its regional grip by acquiring a cement company in Myanmar, the process of which is expected to be completed in July. In 2012, Semen Indoensia make it... |
Singha's Sri Lanka terminal on track for 2015 completion26 March 2014, Published under Cement NewsSingha Cement’s new state-of-the-art Sri Lankan cement terminal is on track for completion next year, doubling the company's existing capacity. “The reason for this expansion is to meet the high demand for Singha cement in the country as well as to provide an enhanced, quality service to our customers,” Colin Nelson, managing director of the company, told Lanka Business Today. Singha Cement, part of the Italcementi Group, currently operates a land based terminal at Peliyagoda in Colombo, f... |
Italcementi: only Asia shows sales growth in 201307 February 2014, Published under Cement NewsItalcementi's turnover declined by 5.4 per cent in 2013 to EUR4235.4m, or by 2.2 per cent on a comparable basis. Group cement shipments declined by a further six per cent to 43.1Mt and the turnover from cement and clinker was down by 6.4 per cent to EUR2716.8m, with cement volumes lower everywhere other than in Asia and in North America. The concrete and aggregates turnover eased by 2.5 per cent to EUR1248.7m as shipments of aggregates declined by 4.2 per cent to 32.5Mt and ready-mixed co... |
Semen Indonesia eyes further Asian expansion15 January 2014, Published under Cement NewsFollowing the acquisition of a majority stake in Vietnam-based cement producer Thang Long Cement in 2012, Semen Indonesia is now setting its sights on expanding into Bangladesh as well as completing a deal in Myanmar this year. “We will probably acquire grinding mills in Bangladesh [...] but not this year,” Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post. Wiharto also said that Semen Indonesia is looking to acquire a cement company or establish a joint venture i... |
Vicat sees growth in Asia and in the USA06 November 2013, Published under Cement NewsVicat's turnover for the first nine months of the year improved by a modest 0.6 per cent to EUR1740m, which represents an underlying advance of 3.2 per cent. The gearing level increased to 51.3 per cent at the end of September compared with 47.6 per cent a year ago. The expansion in Asia has been the main reason for the increased debt levels in recent years, but it is below the 53.3 per cent seen at the end of June. Turnover in cement was 2.8 per cent ahead at EUR855m, which represented 51... |
CRH opens regional headquarters in Singapore17 October 2013, Published under Cement NewsCRH announced the official opening today of its regional headquarters in Singapore, to oversee the expansion of its existing interests in India and China, and to pursue further development opportunities in the wider Asia region. Commenting on the opening, Ken McKnight, President of CRH Asia said:“ The opening of our regional headquarters in Singapore today marks a further step in the evolution of CRH and an important catalyst for growth in Asia in the medium term. CRH entered the China ma... |
Exploring Asian advances19 July 2013, Published under Cement NewsCemtech Conferences and Exhibitions successfully held its annual event dedicated to Asian cement market developments over 24-27 June 2013 in Jakarta, Indonesia, one of the most active and dynamic cement markets in the region. Kindly supported by the Indonesian cement association (ASI), the meeting attracted over 200 cement professionals with some 30 regional cement companies represented. This report features a snapshot of just some of the highlights of this year’s event which included a two-... |
Nepal billionaire plans new Sri Lanka factory21 May 2013, Published under Cement NewsNepal's first Forbes billionaire, Binod Chaudhary, plans to set up a state-of-the-art cement plant in the high growth-market of Sri Lanka. Quoting a statement issued by Chaudhary's office, the Daily Mirror said in its online edition that Chaudhary has submitted a proposal to the Sri Lankan government to set up a cement plant in the Jaffna Peninsula at a cost of US$75m. According to the press statement, Chaudhary expressed confidence that Sri Lanka is on the threshold of a dynamic p... |
Cemex sees Malaysian market growth ahead30 September 2012, Published under Cement NewsCemex Concrete (M) Sdn Bhd (Cemex Malaysia) is doubling its capital expenditure this year as the continuation of infrastructure building activities would be sufficient to sustain the demand for building materials, according to country director Fikry El-Kaissouni. "There has been steady growth in the Malaysian construction market. This is something that gives comfort to large companies like Cemex [Malaysia] to enter the market," El-Kaissouni told The Edge Financial Daily. "Malaysia is a ... |