Cement News tagged under: Asia
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 ... |
JPMorgan Raises Holcim To Overweight20 September 2012, Published under Cement NewsJPMorgan Cazenove raises Holcim to overweight from neutral and lifts its price target to CHF70 from CHF56.50 on the notion that the 2Q uptick in emerging market margins could be the start of a longer run for cement sales in those markets. "Its emerging markets business is seeing margins on the turn driven by rising prices, less new capacity and relatively stable energy costs," says analyst Michael Morris. "Its portfolio gives it better access to Asia and Latin America which in the near term ... |
Holcim: realising growth potential whilst cutting costs10 September 2012, Published under Cement NewsHolcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland. While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne... |
Cemtech Asia 201220 July 2012, Published under Cement NewsFollowing the resounding success of conferences held in Singapore, Bali and Jakarta, Cemtech Asia has secured its position as the leading annual meeting place for cement producers in Asia. Read a full conference report of the recent Cemtech Asia 2012 event held in Jakarta, Indonesia, in June. Guest of Honour, Mr Panggah Susanto, director general, Ministry of Industry, formally opens Cemtech Asia 2012 Conference and Exhibition. Left to right: Thomas Armstrong of Cemtech Conferences, AS... |
Citigroup lowers Italcementi price target, Italy09 July 2012, Published under Cement NewsCitigroup has lowered its price target on Italcementi to EUR3.60 from EUR4.10, after cutting by 15% the pre-tax profit estimates for the Italian cement producer in 2012 and 2013. The prices and figures in Italy grew despite the weak market conditions but the dipping sales in France lead the bank to expect lower figures in 2012 than in 2011, Citigroup commented. The higher prices in North America are expected to raise Italcementi's profit on the market both in the first half and full-201... |
23rd AFCM Technical Symposium & Exhibition05 January 2012, Published under Cement NewsThe 23rd AFCM Technical Symposium & Exhibition will take place on 23-26 April 2012 at the Sunway Resort Hotel & Spa, Petaling Jaya, Malaysia. With a focus on cement industry challenges and opportunities, themes to be discussed include technology advances, environmental protection, production efficiency, alternative fuels, maintenance strategies, sustainable development and much more. A three-day exhibition will run concurrently with the symposium for companies to showcase their latest... |
Cemtech Asia - Jakarta 201202 January 2012, Published under Cement NewsFollowing the resounding success of previous meetings in Singapore, Bali and Jakarta, Cemtech Asia has secured its place as the leading meeting place for cement producers in the region. The 2012 edition of Cemtech Asia was held within the five-star elegance of the Hotel Mulia Senayan in Jakarta, Indonesia, which provided the ideal setting for over 200 senior level industry professionals from 25 countries to meet to discuss the latest cement industry developments. Over two days, delegates l... |
Cemtech Asia 201129 December 2011, Published under Cement NewsThis year’s Cemtech Asia Conference and Exhibition, held at the Grand Hyatt Hotel, Bali Indonesia, before an invited audience of cement specialists from over 24 countries, has been successfully concluded. This three-day event, hosted between the 19-22 June 2011, brought together a wide range of experts to debate an array of management, operational and technical issues for the benefit of this international audience. Discussions on the present status and future prospects of the Asian region w... |