Cement News tagged under: South Asia

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New plant adds 2Mta to Cambodia capacity

19 June 2023, Published under Cement News

A new 2Mta cement plant in the Oral district of Kampong Speu province in Cambodia is due to start production soon. According to the Khmer Times, Conch KT Cement has invested around US$263m in the new facility, which will take the total number of cement plants in the country to six.  The reopening of the economy following the pandemic has resulted in a boost in exports, construction and the real estate sector in Cambodia. The new plant is intended to help meeting growing demand in Cam...

YTL Cement signs MoU to tackle standards and sustainability

13 April 2023, Published under Cement News

YTL Cement Bhd has signed a Memorandum of Understanding (MoU) with Construction Research Institute (CIDB) Malaysia to promote sustainability within the country's construction sector. According to The Star, the MoU will focus on three key areas: human resources development, research and development, and support of the construction industry’s transition to sustainability. As part of the collaboration, both parties will make use of YTL Cement’s laboratory and testing facilities to provide ...

Cemex considers exiting Phillipines

03 April 2023, Published under Cement News

Cemex is considering exiting the Philippines as part of its ongoing strategy to focus on markets with higher growth and lower risk. Cemex currently owns 89.86 per cent of Cemex Holdings Philippines (CHP) through Cemex Asian South East Corp (CASEC) and runs two plants, located in Antipolo and Cebu , with a total production capacity of 5.7Mta. According to Bilyonaryo, CHP has struggled to pay the US$280m loan it borrowed to finance the expansion of its Antipolo works in 2017, with the ...

Holcim Philippines sees sales dip in 2022

27 March 2023, Published under Cement News

Holcim Philippines has reported net sales of PHP26,587m (US$489.7m) in 2022, down from PHP29,946m in the previous year. Operating EBITDA over the same period fell from PHP5412m to PHP4068m, while net profit declined from PHP2565m to PHP1643m.  In the fourth quarter of 2022, net sales came in at PHP7475m, up from PHP6797m in the 4Q21. Operating EBITDA dipped slightly from PHP955.9m in the 4Q21 to PHP995.6m in the same period a year later, while net profit improved from PHP264.7m to PHP4...

Holcim Philippines reiterates commitment to decarbonisation

02 March 2023, Published under Cement News

Holcim Philippines, Inc has reiterated its readiness to support partners in decarbonising construction and putting up affordable homes and called for cooperation to accelerate the shift towards more sustainable practices. Holcim Philippines’ president and CEO, Horia Adrian, emphasised the important role of the construction industry in reducing the country’s carbon emissions. He noted that building materials account for 30 per cent of the carbon footprint of structures so it is necessary...

Century Peak Cement announces first sales

13 February 2023, Published under Cement News

Century Peak Cement Manufacturing Corp  (CPCMC), a subsidiary of Century Peak Holdings Corp (CPM), has begun selling cement in Visayas, an archipelago in the Philippines, having received the quality standard certification for its products. According to Manila Bulletin, the company’s plant in Pinamungajan, Cebu, has its own pier to enable efficient distribution via barge anywhere in the country.  “We are looking at the markets where we can make an impact and the Visayas region, particular...

Islanders press ahead with legal action against Holcim

02 February 2023, Published under Cement News

Residents of the Indonesian island of Pulau Pari are pressing ahead with their legal action against Holcim , intending to hold the Swiss company liable for pollution and the impact of climate change affecting the island. According to the Financial Times, the island’s 1500 residents argue that they are at serious risk of losing their livelihoods as a result of rising sea levels and flooding. Their case demands that Holcim pays 0.42 per cent of the cost of damages already incurred and impe...

CASEC to increase stake in CEMEX Philippines

27 January 2023, Published under Cement News

CEMEX Asian South East Corp (CASEC) is increasing its stake in CEMEX Holdings Philippines Inc (CHP) from 77.89 per cent to 89.86 per cent by acquiring an additional 11.97 per cent through a PHP2.1bn (US$38.5m) tender offer, reports Manila Bulletin. In a disclosure to the Philippine Stock Exchange (PSE), CEMEX said the tender offer will reduce its public float from the current 22.11 per cent to 10.14 per cent, However, it noted that the tender offer is not being made with the intention ...

Sublime Systems secures funding for low-carbon cement

18 January 2023, Published under Cement News

US-based Sublime Systems has raised US$40m to develop new technology to produce low-carbon cement. According to Bloomberg, Sublime has come up with a process that reduces energy use and carbon emission by splitting the cement-making process into two parts.  The first step is the production of calcium in a form that will chemically react with silicon, the key element in sand. Sublime reduces energy use and carbon emissions in this step by avoiding limestone and using electricity rather tha...

CEMEX Phillipines and Manila Water Co collaborate on sustainability

18 January 2023, Published under Cement News

CEMEX Holdings Philippines (CHP) has signed a Memorandum of Understanding (MoU) with Philippines-based Manila Water Co to collaborate on sustainability initiatives. Under the MoU both parties will look to accelerate their sustainable objectives on circular economy through the use of biosolids as alternative fuels, reports Manila Bulletin. They will also explore partnering on innovations in sustainable products and services, protection and rehabilitation of biodiversity, and clean energy an...