Cement News tagged under: South Asia

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Eagle Cement reports 30% fall in net sales

13 April 2021, Published under Cement News

Philippine-based Eagle Cement Corp has reported a net income of PHP3.4bn (US$70.02m) in 2020, down 44 per cent YoY as a result of lockdown measures imposed in mid-March. "The halting of our operations due to pandemic-related restrictions took a hit on our results in the first half of 2020, but the remaining half proved that we are well-positioned to bounce back," said John Paul L Ang, CEO. Net sales declined 30 per cent to PHP13.9bn from PHP19.8bn in 2019, but the PHP8bn from sales gen...

China's imports from Vietnam rise 36%

30 March 2021, Published under Cement News

China, the Philippines and Bangladesh were the biggest importers of Vietnamese cement in the first two months of 2021, according to the General Department of Vietnam Customs. China imported 2.43Mt of cement worth US$79.91m, up 36.1 per cent YoY and 22.8 per cent in volume and value, respectively. The volumes accounted for 40.6 per cent of Vietnam’s total export volume and 36.8 per cent of the country’s cement export value during the 2M20. The Philippines imported 1.1Mt at a value of US...

Vietnam's cement sales set to rise 2% in 1Q21

23 March 2021, Published under Cement News

Vietnam is expected to sell 8.87Mt of cement in March, up 1.5 per cent YoY, according to the latest data from the Department of Building Materials under the Ministry of Construction. The figure includes 5.02Mt of cement sold in the domestic market. State-owned VICEM is also expected to sell 1.83Mt in the domestic market and 3.85Mt of exports during the March period. As a result, Vietnam’s cement sales are estimated to have increased 1.5 per cent YoY to 22.31Mt in the first quarter of 2...

New 2Mta plant planned for Cambodia

19 March 2021, Published under Cement News

Cambodia’s Conch KT Cement (Phnom Penh) plans to build a US$263m cement factory in Aoral, Kampong Speu province, with a 2Mta capacity, according to the Phnom Penh Post. Conch KT Cement is a joint venture between China’s Conch International Holding (HK) Ltd and Battambang KT Cement. The joint venture currently operates another 2Mta facility in Ratanak Mondol district, which started up in 2018. Conch KT Cement’s feasibility study on the project is reportedly almost complete, as the compa...

Philippines expands import safeguard measures

16 March 2021, Published under Cement News

The Philippines has expanded the list of countries covered in its cement import safeguard measures. The amendment was based on the Department of Trade and Industry’s annual review of import data, where it found that some countries already have a share of total cement imports that has exceeded the three per cent threshold, according to the Manila Bulletin. As a result, the list now includes Chile, Israel, Slovenia, Slovakia, Poland, Lithuania, Latvia, Hungary, Estonia, Czech Republic, the R...

PT Semen Padang announces export volumes

08 March 2021, Published under Cement News

Indonesia’s PT Semen Padang has announced its export volumes of cement and clinker in January and February 2021. The deliveries were made to the Maldives, Australia and Bangladesh. "From early January to mid-February 2021, the Semen Indonesia Group, through PT Semen Padang, has exported 333,532,391t of cement and clinker," said Rahman Kurniawan, sales manager. Cement and clinker exports have continued to increase, because shipments are still ongoing, he added. The company exported a...

Vietnam sees cement and clinker exports rise 16%

03 March 2021, Published under Cement News

Vietnam exported 2.7Mt of cement and clinker worth US$98m in February, up 16.8 per cent and 4.8 per cent YoY, respectively, according to the country’s General Statistics Office (GSO). In the first two months of this year, the country exported 5.84Mt of cement and clinker (up 15.9 per cent) representing a value of US$214m (up 6.6 per cent).

Holcim Philippines sees 43% fall in net profit

03 March 2021, Published under Cement News

Holcim Philippines has reported a 42.5 per cent decline in net profit to PHP2.07bn (US$42.72m) for 2020, alongside a 22.3 per cent YoY fall in sales to PHP26.02bn from PHP33.49bn in 2019. "Lockdowns from March to May and severe weather conditions in the fourth quarter further affected the business. These hampered delivery of raw materials and services to production sites and dispatch of products to customers," said the company in a statement. The company's EBITDA was down by 38.6 per cent...

Vietnam sees production up 14% in first two months

01 March 2021, Published under Cement News

Vietnam produced 15.5Mt of cement in the first two months of 2020, up 14 per cent YoY, according to the country’s General Statistics Office (GSO). In February the country’s cement output is expected to be down six per cent YoY to 6.8Mt. In 2020 production reached 100.1Mt of cement, rising 3.6 per cent YoY, according to the revised figures.

Holcim Philippines appoints new CEO

25 February 2021, Published under Cement News

Holcim Philippines has appointed Horia Ciprian Adrian as its president and CEO, following the departure of John Stull who has led the company for three years. The appointment will be effective from 1 March. "It is an honour to be appointed as the new President and CEO of Holcim Philippines. The business in the Philippines is a significant contributor to the LafargeHolcim Group and it is truly exciting to continue the remarkable work done under John's leadership," said Mr Adrian. He has p...