Cement News tagged under: South Asia

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Holcim Philippines posts 4% decline in net sales in 9M23

14 November 2023, Published under Cement News

Holcim Philippines has posted a 105 per cent YoY rise in net income to PHP999.4m (US$17.82m) in the first nine months of 2023, compared to PHP487.9m in the same period a year earlier. However, over the same timeframe net sales declined four per cent to PHP18.4bn from PHP19.1bn in the 9M22, reports Manila Bulletin. The fall is being attributed to poor cement demand as a result of subdued construction activity and unfavourable weather conditions. Operating EBITDA fell five per cent YoY from ...

Borneo cement shortage threatens construction projects

14 November 2023, Published under Cement News

A shortage of cement in Sabah, Borneo, is having a significant impact on the state's construction industry, particularly in the towns of Sandakan, Lahad Datu and Tawau in the east coast. According to The Borneo Post, the shortage is in danger of causing all construction activity to grind to a halt.  Henry Tsen, president of the Sabah Builders Association (SBA), has expressed concern for the country’s construction companies. “They were badly affected by the COVID-19 pandemic over the pa...

Heidelberg Materials acquires PT Semen Grobogan plant

18 October 2023, Published under Cement News

Heidelberg Materials , via its subsidiary Indocement , has signed an agreement to acquire 100 per cent of the shares in PT Semen Grobogan ’s integrated cement plant located in Central Java, Indonesia. The plant started commercial production in 2022. With this investment, Heidelberg Materials further strengthens its footprint in Indonesia, one of the company’s core markets in Asia-Pacific. The Semen Grobogan cement plant has a capacity of 1.8Mta of clinker and 2.5Mta of cement with lime...

CEMEX Philippines makes impressive debut on S&P's sustainability index

16 October 2023, Published under Cement News

CEMEX Philippines has been placed in the top 25 per cent of the construction materials industry in the S&P Global Corporate Sustainability Assessment (CSA) for 2022. Marking the first time the company has taken part in the CSA, the result puts the company above the industry average for its environmental, social and governance (ESG) indicators as well as its economic performance. According to The Philippine Star, the cement producer scored particularly well in the areas of talent attract...

Malaysian cement demand set to flourish, says report

11 October 2023, Published under Cement News

Cement demand in Malaysia will continue to flourish in the medium-to-long term, supported by major infrastructure projects across the country, reports RHB Investment Bank Research (RHB IB). A sector report by RHB IB listed current low inventory levels, the push towards solar panels and electric vehicles, and the recovery in demand on the back of an anticipated upturn in China’s manufacturing and property sectors in the second half of 2024, as the main drivers of its demand growth projections...

Siam Cement puts chemicals IPO on hold

30 August 2023, Published under Cement News

Thailand-based Siam Cement has announced that it is postponing the initial public offering (IPO) of its SCG Chemicals business. According to Reuters News, the decision is due to unfavourable market conditions but the company plans to proceed with the IPO once conditions improve. The IPO approval date has been extended until 4 October 2023 but cannot be extended any further after that date. The company has reported a seven per cent YoY decline in its shares this year. Thailand has als...

Sarawak signs MoU with two cement producers

17 July 2023, Published under Cement News

Sarawak’s cement industry is set to expand with the arrival of YTL Cement Bhd and SCG International (Thailand). Innocement Sdn Bhd, a joint venture between Sarawak’s Economic Development Corp and Bintulu Development Authority, signed a Memorandum of Understanding (MoU) with the two cement producers on 14 July 2023, reports The Star.  Tan Sri Abang Johari Tun Openg, premier of Sarawak, said the MoU is part of plans to strengthen Sarawak’s cement supply chain and ensure supply reliabili...

Nickel miner FNI to diversify into cement

30 June 2023, Published under Cement News

Philippines-based nickel miner, Global Ferronickel Holdings Inc (FNI), is reportedly looking to expand into the cement industry, adding to its existing nickel and ports businesses. According to Malaya Business Insight, the company is hoping to tap into the significant growth potential of the construction and infrastructure sectors. FNI is also looking to establish a battery-grade nickel plant and a steel plant to take advantage of the current opportunities in the renewable energy and electr...

Holcim Philippines to delist from Philippine Stock Exchange

30 June 2023, Published under Cement News

Holcim Philippines is voluntarily delisting from the Philippine Stock Exchange (PSE) after its major shareholder Holderfin BV acquired additional Holcim shares from Sumitomo Osaka Cement. The deal resulted in Holcim’s public float falling to 5.05 per cent, below the required 10 per cent minimum for listed firms.  In the deal, which was completed on 29 July, Holderfin purchased 594.9m common shares from Sumitomo Osaka, equivalent to 9.22 per cent of the company’s outstanding capital sto...

Cahya Mata adds new clinker line

29 June 2023, Published under Cement News

Malaysian cement producer Cahya Mata Sarawak Bhd has been given approval to build a 1.9Mta clinker line in Kuching, Sarawak. The MYR750m (US$160.6m) line will have a production capacity of 6000tpd and is expected to take 36 months to complete, reports The Star. The company currently runs 2.75Mta of cement capacity, sufficient to meet Sarawak’s demand of ~1.5Mta. However, the construction of Indonesia’s new capital city Nusantara is expected to see demand in the region reach 21Mta over ...