Cement News tagged under: South Asia

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Vietnam considers higher cement export tariff

20 July 2021, Published under Cement News

Vietnam’s Ministry of Finance (MoF) has reportedly proposed that the government consider increasing the export tariffs for clinker to 10 per cent from five per cent, according to Vietnam News. The MoF explained that exports of cement and clinker are not sustainable as their production uses non-renewable sources. Cement and clinker producers in Vietnam are also making use of a low electricity tariff.

Holcim Philippines invests to improve sustainability

16 July 2021, Published under Cement News

Holcim Philippines is set to invest PHP210m (US$4.18m) in projects to reduce the fuel consumption and increase mineral additive usage at its cement plants in Bacnotan, La Union, Lugait and Misamis Oriental, to raise business and sustainability performance. "More efficient operations will help us deliver better financial results and improve our environmental footprint. We look to continue implementing these improvements to meet our objectives of delivering greater value to our shareholders ...

Siam Cement Group targets digital platform and machine efficiency upgrades

23 June 2021, Published under Cement News

Siam Cement Group (SCG) is maintaining its investment budget at THB65-75bn (US$2.04m-2.36m)   for the second half of this year even though the third wave of the pandemic has damaged its businesses. The company is focusing on digital platforms and is asking the government to support e-commerce and other measures to deal with the pandemic. "Businesses must brace for changes caused by virus spread," said Roongrote Rangsiyopash, SCG president and CEO. SCG plans to spend most of ...

Vietnam’s export boost

22 June 2021, Published under Cement News

Vietnam’s total cement and clinker sales expanded by 0.9 per cent YoY in 2020 to 97.5Mt, according to FiinGroup. Of this total, domestic cement consumption was 62.1Mt, declining by 5.6 per cent YoY. Meanwhile, clinker and, in particular, cement exports remained strong, surging by 14.9 per cent compared to a year earlier. Both the positive long-term outlook for Vietnam’s cement market as well as the ability to export to overseas destinations bode well for domestic cement ma...

Indonesia’s face of recovery

21 June 2021, Published under Cement News

COVID-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...

Vietnam market expands 16% in April

14 June 2021, Published under Cement News

Cement dispatches in Vietnam reached 6.551Mt in April 2021, up 16 per cent YoY, according to the Vietnam Cement Association (VNCA). VICEM reported a 17 per cent YoY rise in sales to 2.26Mt while its affiliated companies saw a six per cent YoY uptick to 1.661Mt. Other Vietnamese producers supplied 2.63Mt, up 22 per cent when compared with April 2020. Exports advanced 79 per cent YoY to 4.323Mt in April 2021. Of this total 2.826Mt was clinker, which saw a 17 per cent YoY hike, and 1.498Mt wa...

Lami cement plants warned of need for local correspondence on emissions

14 June 2021, Published under Cement News

Cement companies in Lami, Fiji, have been urged to hold virtual meetings with the residents. Permanent Secretary for Environment, Joshua Wycliffe, says this will ensure that the companies are in regular talks with the residents, so their concerns do not fail to get attention during these challenging times. Mr Wycliffe says there have been resurgent reports indicating clinker emissions in the airspace in Lami. He adds they are in touch with the cement companies clearly instructing them tha...

Vietnam's cement exports surge while domestic prices rise

01 June 2021, Published under Cement News

Vietnam's Department of Building Materials, Ministry of Construction, reports that in the first four months of 2021, the country’s consumption of cement products is estimated to reach 34.58Mt, up 16.5 per cent YoY.  Domestic consumption accounted for around 19.44Mt, a slight increase over the same period last year, while cement exports surged to 65 per cent over 2020 to 15.14Mt.  Besides gains in consumption, many cement companies also raised product prices. Accordingly, Vicem Hoang Ma...

North Sulawesi exports 63,046t in May

01 June 2021, Published under Cement News

Indonesia’s North Sulawesi province exported 63,046t of cement to Taiwan, the Philippines and Malaysia in May 2021, according to the North Sulawesi Industry and Trade Office. The value of exports totalled US$2.18m, with Malaysian exports representing US$1.1m from 32,496t alongside US$763,750 from 32,496t sent to Taiwan. Cement is a relatively new export from North Sulawesi and the Industry and Trade Office is reportedly on the look for new markets.

YTL Corp net profit rises 9% in 3QFY21

31 May 2021, Published under Cement News

YTL Corp Bhd recorded a nine per cent increase in its net profit to MYR93.5m (US$22.6m) for the third financial quarter ended 31 March 2021 (3QFY21), up from MYR85.4m in the preceding quarter. Revenue fell eight per cent QoQ to MYR4.22bn, from MYR 4.59bn in 2QFY21. "We have continued to see good recovery, particularly in our key utilities division which has registered a marked turnaround in the merchant multi-utilities subsegment in Singapore, as well as our cement and construc...