Cement News tagged under: Singapore
International Cement Group sees revenue advance 14% YoY11 April 2024, Published under Cement NewsInternational Cement Group (ICG) , which operates cement plants in Tajikistan and Kazakhstan, has reported revenue of SGD257.4m (US$191.4m) in 2023, up 14 per cent on the SGD225.2m seen in the previous year. Net income over the same period was down 44 per cent to SGD16.1m. EBITDA in 2023 was recorded at SGD60.8m, down from SGD66.2m in the previous year, while profit after tax contracted from SGD38.8m in 2023 to SGD29.1m in 2024. According to the company, the fall in profit was driven by a s... |
Pan United and partners to develop low-carbon opportunities12 January 2024, Published under Cement NewsTo collaborate on lower-carbon opportunities to support Singapore’s aspiration of achieving net-zero emissions by 2050, Pan-United Corp, Chevron Singapore, Keppel, Surbana Jurong, Air Liquide Singapore, Osaka Gas Singapore and Pavilion Energy have signed a Memorandum of Understanding (MoU). Collectively known as the Low Carbon Technology Industry Consortium (LCT-IC), the parties will explore through the advancement of technology, to accelerate the development of cost-effective carbon capt... |
Asian producers warned over carbon price liability05 December 2023, Published under Cement NewsAsian cement companies will see consistent negative margins in the next decade if they do not decarbonise, according to a report by the Imperial College Business School. The report, published in partnership with the Singapore Green Finance Centre, explored the financial impact of decarbonisation on Asia’s cement and steel companies covered by selected Asian Emission Trading Schemes. Researchers Dr Anastasiya Ostrovnaya, Antigoni Theocharidou, Julian Smart, Jan Ahrens and Dr Bob Buhr c... |
Pan-United Corp wins Tuas Port low-carbon concrete order22 February 2023, Published under Cement NewsPan-United Corp Ltd is driving sustainable change in Singapore’s built environment with the use of 360,000m 3 of CO 2 mineralised concrete over a 2.5-year period for the Tuas Port. This specialised low-carbon concrete is a building material for the berths and stacking yards at the Phase One container berth project by PSA Corp Ltd (PSA). Upon completion in early 2024, Tuas Port Phase One will effectively become a man-made carbon sink that prevents the emission of over 113.8m kg of CO 2 ... |
Howden opens new Singapore office20 December 2022, Published under Cement NewsHowden has opened a new office in Singapore to expand its existing presence and support in the Asia-Pacific region. The new Howden office, located at 28 Ayer Rajah Crescent, provides improved access to the company’s procurement, quality control, technical assistance and project execution in Singapore and other countries in southeast Asia. Howden has been present in Singapore for over 31 years as a hub for southeast Asia, initially for compressors, and expanding to the full product r... |
INFORM to open new office in Singapore17 November 2022, Published under Cement NewsINFORM is expanding its international sales activities and services. With INFORM Software Pte Ltd, based in Singapore, the optimisation expert is expanding its presence in Asia. The partner organisation will take over sales and consulting as well as providing support for INFORM software for this region. With the new location in Singapore, opening on 23 November 2022, the software company is continuing on its international expansion journey. "We are further expanding our global network... |
Pan-United Corporation and Shell sign decarbonisation MoU14 January 2022, Published under Cement NewsPan-United Corporation Ltd and Shell Eastern Petroleum (Pte) Ltd have today signed a memorandum of understanding (MoU) to explore various decarbonisation solutions in the construction and urban solutions industries. The collaboration is expected to create benefits in terms of decarbonisation in the built environment through the creation of possible new business models and market opportunities. The MoU outlines the joint effort to identify opportunities in areas such as low-carbon and ... |
FiCO Pan-United Concrete completes Novaland agreement07 January 2022, Published under Cement NewsFiCO Pan-United Concrete JSC, a subsidiary of Singapore-listed Pan-United Corporation Ltd, has strengthened its longstanding working relationship with Novaland Group with the signing of a 2022-24 cooperation agreement. The agreement will see FiCO PanU providing sustainable concrete solutions to Novaland, a leading prestigious brand in the real estate investment and development industry in Vietnam. Under the terms of the agreement, FiCO PanU will construct two onsite batc... |
Pan-United forms partnership for hydrogen truck fleet06 January 2022, Published under Cement NewsPan-United Concrete, a subsidiary of Pan-United Corp Ltd, and Surbana Jurong Pte Ltd, one of the largest Asia-based global urban, infrastructure, and managed services consulting firms, have entered into a Project Development Partnership Agreement to study the feasibility of using electric and hydrogen fuel cells to power a fleet of more than 1000 trucks moving its concrete business in Singapore. The partnership is in line with Pan-United's sustainability targets to firstly, offer only ... |
Indonesia’s face of recovery21 June 2021, Published under Cement NewsCOVID-19 restrictions disturbed the Indonesian cement market last year, with demand and utilisation levels falling as the country continues to exhibit a significant capacity overhang. LEK Consulting provides a summary of 2020’s implications on the local cement scene and identifies key emerging themes that will shape the face of its recovery. By Manas Tamotia, LEK Consulting, Singapore. Despite lower cement demand registered last year, certain mitigating factors offset the overall impa... |