Cement News tagged under: South Asia

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Siam Cement develops new low-carbon cement

03 April 2024, Published under Cement News

Thailand-based Siam Cement Group (SCG) has developed a new low-carbon cement that has lowered emissions by 15-20 per cent. According to SCG, the new product is better or stronger than regular Portland cement and was achieved using clean energy sources and waste heat generated during production, resulting in a 38 per cent reduction in energy consumption. The producer has also adjusted the raw material proportions to further reduce carbon emissions, reports The Nation.  “This cement was n...

Indian fair trade regulator approves UltraTech’s acquisition of Kesoram cement business

21 March 2024, Published under Cement News

The Completion Commission of India (CCI) has approved UltraTech Cement ’s proposed acquisition of Kesoram Cement Business , the cement arm of Indian conglomerate Kesoram Industries Ltd . The business is set to be acquired by Mumbai-based UltraTech, as part of a deal made on 30 November 2023. The all-share deal will see UltraTech Cement purchase Kesoram Cement at a valuation of INR76bn (US$914.1m) and will include all the company’s debts.  The CCI has also announced its approval of S...

Holcim Philippines and Megawide renew supply contract

19 March 2024, Published under Cement News

Holcim Philippines has renewed its supply agreement with infrastructure conglomerate Megawide Construction Corp. Under the terms of the agreement, Holcim will supply the cement requirements of Megawide’s Precast and Construction Solutions (PCS) projects across the island of Luzon in 2024. This partnership is a continuation of a collaboration between Holcim and Megawide that began in 2016.  “With our renewed supply agreement with Holcim Philippines Inc, Megawide has reinforced its linkag...

DCMI in talks to acquire CEMEX Holdings Philippines

18 March 2024, Published under Cement News

Philippines-based D M Consunji Inc (DCMI), an engineering-based construction firm, is looking to expand into the cement business with the potential acquisition of CEMEX Holdings Philippines (CHP). According to The Philippine Star, the acquisition is seen as benefitting DCMI as cement is a key input in some of its major businesses. It could also help mange the costs of its property arm.  Although there has been no confirmation of when a deal could be completed, both DCMI and CHP are repo...

CEMEX Holding Philippines addresses plastic waste

14 March 2024, Published under Cement News

CEMEX Holdings Philippines Inc has teamed up with Liwayway Marketing Corp to address the management of plastic waste in the Philippines. Under the deal, Liwayway Marketing Corp, the country’s leading snack food supplier, will be channeling its post-consumer plastic packaging waste to CEMEX’s Solid cement plant for co-processing. The plastic waste will then be converted into alternative fuels and raw materials cement production at the plant.  “At CEMEX, we are committed to solving envi...

PT Solusi Bangun Indonesia reports uptick in YoY sales

14 March 2024, Published under Cement News

PT Solusi Bangun Indonesia Tbk has posted net sales of IDR12,371bn (US$798m) in 2023, marginally up from the IDR12,262bn seen in the previous year. Net income in 2023 came in at IDR894,645m, also marking an advance YoY compared to IDR839,276m in 2022. Basic earnings per share from continuing operations over the same timeframe improved from IDR93 in 2022 to IDR99 in 2023.

Republic Cement teams up with fast food giant to tackle plastic waste

06 February 2024, Published under Cement News

Republic Cement is working alongside fast food giant Jollibee Foods Corp (JFC) to reduce plastic packaging waste. Under the agreement, JFC will recover its post-consumer plastic packaging waste and rather than sending it to landfill, it will be sent to Republic Cement where it will be used as an alternative fuel. According to Philstar, the deal includes JFC’s wholly-owned brands in the Philippines as well as its franchised brands, including Burger King.  “Republic Cement provides a ver...

Shortlist of candidates for CIMA sale

21 November 2023, Published under Cement News

Seven companies have been identified as potential purchasers of Cement Industries of Malaysia Bhd (CIMA), part of the UEM Group Bhd. According to The Edge Malaysia, of the seven shortlisted candidates, at least three are believed to be foreign - one from Germany, another from the Philippines and one from China. One source reportedly confirmed that none of the candidates are CIMA competitors, so the transaction should not result in any anti-competition issues. In August 2023, UEM Group ...

Cement Industries (Sabah) reopens plant

20 November 2023, Published under Cement News

Malaysia-based  Cement Industries (Sabah) Sdn Bhd ’s cement plant at Sepanggar is operational again after a machinery breakdown. The facility experienced what the company described as a “major main machinery breakdown” in October this year, resulting in its production capacity declining from 2400tpd to 1400tpd, significantly disrupting supplies. According to the Daily Express, repairs were completed within one month with the plant back up and running in early November. The producer, whi...

SMC posts 141% YoY rise in income

15 November 2023, Published under Cement News

Philippines-based San Miguel Corp (SMC), which owns Eagle Cement Corp , Northern Cement Corp and Southern Concrete Industries , has recorded net income of PHP31.2bn (US$556.7m) in the first nine months of 2023, up 141 per cent from the PHP12.9bn seen in the same period a year earlier. Consolidated revenue over the same timeframe declined five per cent to PHP1.1trn, reports Manila Bulletin, while consolidated operating income expanded 29 per cent YoY to PHP110.2bn, aided by a stronge...