Cement News tagged under: South Asia

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Cement demand falls for SCG

14 August 2020, Published under Cement News

Siam Cement PCL reported a profit of THB9384m (US$301.6m) in the 2Q20, or a 35 per cent rise in earnings QoQ and 33 per cent YoY, bolstered by its chemical business performance. Company EBITDA from operations increased by 17 per cent QoQ and 23 per cent YoY to THB17,774m, while revenue from sales fell by nine per cent QoQ (-12 per cent YoY) to THB96,010m with decreases in all core businesses. Thailand's domestic cement market saw grey cement demand increase by four per cent YoY in the 2Q20....

Eagle Cement sees 61% decline in net profit

12 August 2020, Published under Cement News

Philippines-based Eagle Cement Corp has reported a 61 per cent YoY decline in net profit to PHP1.3bn (US$26.54m) for the first half of 2020, while net sales fell 44 per cent to PHP5.9bn. In the 2Q20 the company saw a drop in net profit to PHP128m from PHP1.7bn last year. Net sales also decreased 73 per cent YoY to PHP1.4bn. "These are very difficult times, but we remain confident that the economy will recover from this pandemic and emerge stronger. The government’s steady push for the co...

Vietnamese exports surge while domestic sales fall in June

11 August 2020, Published under Cement News

Cement sales in Vietnam fell by eight per cent in June 2020 when compared to June 2019, according to the Vietnam National Cement Association (VNCA). Shipments reached 5,215,388t, noting a similar MoM decrease from 5,680,883t in May 2020. Of this total, VICEM reported an eight per cent YoY decline to 1,693,426t while sales of its joint ventures were down 10 per cent YoY to 1,371,962t in June. Other cement companies saw their dispatches drop by six per cent to 2,150,000t. Exports surged 36...

Cemex Philippines announces 22% decline in net sales

03 August 2020, Published under Cement News

Cemex Holdings Philippines has announced a 22 per cent decline in consolidated net sales to PHP9.6bn (US$195.6m) for the first half of 2020, while operating EBITDA was also down 22 per cent YoY to PHP1.8bn. Domestic cement volumes decreased by 17 per cent YoY during the 1H20 and domestic cement prices during both the second quarter and first half of 2020 were six per cent lower YoY. "The second quarter was very challenging for our company, with our volumes adversely impacted by quarantine...

Vietnam cement and clinker exports rise 36% in July

31 July 2020, Published under Cement News

Vietnam has exported an estimated 3Mt of cement and clinker with a value of US$117m in July, according to the country’s General Statistics Office. This represents a rise of 35.5 per cent in volume and 30.2 per cent in value when compared with July 2019. In the first seven months of 2020 total cement and clinker exports stood at 19.46Mt, up 9.4 per cent YoY. Their value fell 3.4 per cent YoY to US$732m.

LafargeHolcim records net sales of CHF10.7bn in 1H20

30 July 2020, Published under Cement News

LafargeHolcim recorded net sales of CHF10.693bn (US$11.7m), a decline of18.1 per cent compared to the prior year of CHF13.059bn, reflecting the severe impact of the implementation of strict lockdowns of construction sites in several major operating countries. The strong appreciation of the Swiss franc against all currencies accounted for 6.2 per cent of the absolute decrease. Following the easing of the lockdowns, net sales in all five regions resumed prior-year levels by the end of June. R...

Bruks Siwertell wins ship unloader order for Jurong Port

29 July 2020, Published under Cement News

Bruks Siwertell has secured a prestigious new order that will see the company deliver three new Siwertell ship unloaders to Jurong Port in Singapore. The trio of ST 490-M screw-type rail-travelling unloaders will join existing Siwertell technology, delivered in the late 1990s. "It is now time to retire two of those hard-working unloaders,” said Ola Jeppsson, Bruks Siwertell sales manager, APAC. "They have served the terminal well for over two decades, and their proven performance was a deci...

Sharp rise in Indonesian cement demand in June

23 July 2020, Published under Cement News

Cement consumption in Indonesia rose by 29.2 per cent YoY to 4.86Mt in June 2020, according to Widodo Santoso, chairman of the Indonesian Cement Association (ASI). "This is because last year there were the effects of Ramadan and Eid, so consumption was limited," he said. The easing of large-scale social restrictions (PSBB) in a number of regions and the relaxation of credit disbursement by multifinance companies led to an increase in people's purchasing power. However, the rise in June...

Holcim Philippines expected to remain within group

23 July 2020, Published under Cement News

Following the lapse of sale agreement with San Miguel Corp earlier this year, Holcim Philippines is now expected to remain within LafargeHolcim, according to the company's CEO, John Stull, in an annual meeting on Wednesday. "We are very pleased to know that we are no longer in the sales process and we're very excited about the future working with one of the largest and most successful companies in the building material sector and we're happy to remain part of the group," said Mr Stull. Th...

Eagle Cement Corp will pursue expansion plans

21 July 2020, Published under Cement News

Eagle Cement Corp will pursue its expansion plans despite the impact of the coronavirus pandemic. Expansion-related capital expenditures will continue while spending for non-critical projects and activities "will be trimmed," said Eagle president and CEO, Paul Ang. "Our strong financial position will allow us to weather this health crisis battering the economy without giving up major components of our expansion plans, which will secure our future growth," Mr Ang said. For this year, Eagl...