Cement News tagged under: Asia
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
Cemex divests of Bangladesh and Thailand units, potential sale of minority stake in Philippine assets11 March 2016, Published under Cement NewsCemex announced yesterday that it has signed an agreement for the sale of its operations in Bangladesh and Thailand to Siam City Cement Co for approximately US$53m. Meanwhile, Cemex's Philippine subsidiary has presented an application to Philippine authorities for the potential sale of a minority stake of assets in the southeast Asian country. Bangladesh and Thailand divestitures Proceeds obtained from the Bangladesh and Thailand transaction will be used mainly for debt reduction and for ... |
Domestic sales drive Pakistan dispatch growth08 February 2016, Published under Cement NewsPakistan cement dispatches increased by 6.38 per cent to 21.3Mt in the first seven months of the current fiscal compared to 20Mt in the corresponding period of FY14-15, according to the All Pakistan Cement Manufacturers Association. The increase is attributed to robust growth in domestic dispatches, which rose by 15 per cent YoY to 17.9Mt. Exports, on the other hand, declined by almost a quarter to 3.4Mt from 4.5Mt a year earlier. Closer analysis of domestic dispatches shows shipments f... |
Philippines: double-digit rise in cement sales04 February 2016, Published under Cement NewsCement sales in the Philippines increased by a strong 14.4 per cent YoY in 2015 to 24.36Mt, according to figures by the Cement Manufacturers' Association of the Philippines (CeMAP). CeMAP president Ernesto Ordoñez said the increased sales was brought about by the large budget by Public Works Department for infrastructure development, private sector confidence in government and new housing projects with low interest rates. Favourable weather conditions with reduced rains during the year a... |
LafargeHolcim planning potential disposal in South Korea22 January 2016, Published under Cement NewsGlenwood Private Equity is in talks to buy South Korea-based Lafarge Halla Cement in cooperation with Eugene Group, the country’s largest ready-mixed concrete manufacturer, and Sungshin Cement, another Korean cement maker. According to sources on Wednesday, LafargeHolcim Ltd, the majority shareholder of Lafarge Halla Cement, recently named Glenwood Private Equity as a preferred bidder for the cement business. The deal is estimated to be valued at somewhere between KRW500-600bn (US$417m-500... |
Taiheiyo Cement's Singapore additions10 June 2015, Published under Cement NewsTaiheiyo Cement, which operates a cement terminal in Singapore through Singapore Cement Manufacturing (SCMC), a joint venture with Singapore-based Hong Leong Asia Ltd, announced the completion of a new 24,000t cement silo at SCMC's cement terminal. Infrastructure investment, including subway and highway construction, is driving the robust cement market in Singapore and fueling demand for low-heat-type cement as a way to prevent thermal cracking in concrete structures with large cross-sect... |
PCA: 'global cement consumption on the rise'04 June 2015, Published under Cement NewsGlobal cement consumption is expected to grow through 2015 and 2016, with North America leading recent gains in the developed world, according to a report released by the Portland Cement Association (PCA). According to forecasts by the association, cement consumption among developed economies increased by roughly 9.2Mt in 2014, followed by another 9Mt increase in 2015. "Most of the gains in developed world cement consumption is attributed to North America," said Edward J Sullivan, chief ec... |
Indian output down 2.4% in April03 June 2015, Published under Cement NewsThe output of eight core industries in India contracted for the second consecutive month in April, on poor performances by the cement, electricity, natural gas refinery products and fertiliser sectors. In April 2015, output by the eight industries fell by 0.4 per cent. The output of the cement sector declined by 2.4 per cent, with falls in production also sen in natural gas (3.6 per cent), electricity (1.1 per cent), refinery products (2.9 per cent) and fertiliser output (0.04 per cent). C... |
Domestic demand buoys Pakistan dispatches in first 10 months01 June 2015, Published under Cement NewsA total of 29Mt of cement was dispatched during the first 10 months (July 2014 - April 2015) of the current Pakistan versus 28Mta in the same period of last year due to a rise in domestic demand, the All Pakistan Cement Manufacturers Association (APCMA) said. Total dispatches in April 2015 were 3.29Mt compared to 3.21Mt during the same month last year, up by 2.62 per cent. Monthly domestic dispatches increased by 4.57 per cent to 2.65Mt. Meanwhile, exports fell by 4.72 per cent to 0.64Mt ... |
Cemex improves first-quarter trading profit24 April 2015, Published under Cement NewsCemex' first-quarter turnover declined by 5.3 per cent to US$3399.87m, but EBITDA did improve by 6.3 per cent to US$568.54m. Helped by a 12.7 per cent reduction in the depreciation and amortisation charge, the trading profit rose by 25.3 per cent to US$335.32m. The net interest charge declined by 15.3 per cent to US$338.08m, to give an 82 per cent drop in the pre-tax loss from US$167.88m to US$30.86m. The effective net debt was 3.4 per cent lower at US$15,769m, of which 86 per cent was in... |