Cement News tagged under: South Asia
UltraTech secures bauxite raw material supplies from Hindalco21 August 2020, Published under Cement NewsHindalco Industries Ltd, India's premier aluminium and copper producer, has won an order to supply 1.2Mta of bauxite residue to UltraTech Cement as a raw material for cement production. The order is part of UltraTech's drive to use industrial by-products, which can contribute to toxic waste if not disposed of properly. Hindalco has supplied 2.5Mt of bauxite residue to 40 cement companies in 2020 so far. |
Siam Cement Group releases results for Philippine operations20 August 2020, Published under Cement NewsThailand’s Siam Cement Group has reported a 39 per cent YoY decline in revenue to PHP5.34bn (US$109.7m) from its Philippine operations for the first half of the year, on the back of a weak performance in its building materials business, reports The Philippine Star. In the 2Q20, the company’s local operations posted a 53 per cent decrease in revenue to PHP2bn. The news follows the release of SCG’s overall results last week, which saw a 33 per cent YoY rise in profit for the second quarter... |
Vietnamese export volumes rise 11% in the 7M2018 August 2020, Published under Cement NewsVietnam exported 19.5Mt of cement and clinker worth US$732m in the first seven months of 2020, up 11.4 per cent YoY in volume but down 5.4 per cent in value, according to Dau Tu (Investment). In the seven-month period, the major export markets included China, the Philippines and Bangladesh. Last year, the Ministry of Construction forecast that Vietnam would sell 101-103Mt of cement and clinker in 2020, rising 4-5 per cent YoY, which would include 32-31Mt of exports. However, the predic... |
Cement demand falls for SCG14 August 2020, Published under Cement NewsSiam 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 profit12 August 2020, Published under Cement NewsPhilippines-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 June11 August 2020, Published under Cement NewsCement 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 sales03 August 2020, Published under Cement NewsCemex 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 July31 July 2020, Published under Cement NewsVietnam 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 1H2030 July 2020, Published under Cement NewsLafargeHolcim 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 Port29 July 2020, Published under Cement NewsBruks 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... |