Cement News tagged under: South Asia

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YTL Corp net profit rises 9% in 3QFY21

31 May 2021, Published under Cement News

YTL Corp Bhd recorded a nine per cent increase in its net profit to MYR93.5m (US$22.6m) for the third financial quarter ended 31 March 2021 (3QFY21), up from MYR85.4m in the preceding quarter. Revenue fell eight per cent QoQ to MYR4.22bn, from MYR 4.59bn in 2QFY21. "We have continued to see good recovery, particularly in our key utilities division which has registered a marked turnaround in the merchant multi-utilities subsegment in Singapore, as well as our cement and construc...

Cahya Mata Sarawak sees net profits of MYR77.8m in 1QFY21

31 May 2021, Published under Cement News

Cahya Mata Sarawak Bhd (CMS) recorded a 3.5-fold higher net profit of MYR77.8m (US$18.8m) for the first quarter ended 31 March 2021 compared with MYR17.28m in the same period last year. Revenue increased to MYR202.06m from MYR189.44m in 1QFY20.  CMS said the revenue increased seven per cent due to higher contributions from the cement, trading and property development divisions. "The cement division reported a higher revenue of MYR128.17m attributed to lower clinker purchase price, ...

Cambodia posts 49% fall in imports in 2020

27 May 2021, Published under Cement News

Cambodia saw the value of its cement imports fall 48.6 per cent YoY to US$66.25m in 2020, compared to US$128.86m in the previous year, according to the Ministry of Commerce. Imports of construction materials, such as steel and cement, declined during the year as the COVID-19 pandemic paused construction projects across the country, reports The Phnom Penh Post. The growth in domestic cement production, which advanced seven per cent YoY to 7.9Mt in 2020, is also a factor in the cement impor...

Republic Cement launches AI tool to optimise raw mix

24 May 2021, Published under Cement News

Philippines-based Republic Cement is rolling out a new AI tool to all its cement plants to reduce its CO 2 emissions and produce a stronger cement. The tool will optimise concentrations of raw ingredients in the cement mix by harnessing complex algorithms to save time and resources in its Bulacan and Batangas works as well as running the software as a pilot in its Teresa works in Rizal. “Our next step is to deploy this in all sites by the end of the year,” said Republic Cement’s Vice Pres...

YTL Cement to consolidate Malaysian cement businesses

13 May 2021, Published under Cement News

YTL Cement (YTL Corp) has signed an agreement to sell its entire cement and RMC operations in Malaysia to its 76.98 per cent subsidiary Malayan Cement for a MYR5.16bn (US$1.25bn) cash and stock deal. The deal will see Malayan Cement acquire 12 companies from YTL Cement. YTL Cement’s shareholding in Malayan Cement is expected to increase to approximately 78.58 per cent upon completion of the agreement and the ongoing private placement of up to 85m new Malayan Cement shares. "YTL Cement wil...

SCG's 1Q21 cement and building products revenue up 15% QoQ

05 May 2021, Published under Cement News

Thailand-based Siam Cement Group has seen revenue from its cement and building products business reach THB46,185m in the 1Q21, an increase of 15 per cent compared to the previous quarter. However, revenue was flat compared to a year earlier due to regional demand weakness and the planned maintenance of its Cambodia cement plant during the period.   Profit in the segment during the 1Q21 was THB2809m, an increase from the year-ago period due to effective cost management and seasonal factors.  ...

Republic Cement expects domestic demand recovery

04 May 2021, Published under Cement News

Republic Cement of the Philippines has said the domestic cement industry is on course to return to pre-pandemic levels this year as home builders support sales, amid lower demand from the infrastructure and non-residential sectors.   In the first quarter of this year the company's income amounted to PHP334m (US$6.95m), 446 per cent higher YoY, due to a rise in sales volume arising from new cement capacities in Bulacan and Iligan, alongside reduced costs and increased overall efficiency.   "W...

Philippines' DTI to begin anti-dumping investigation into Vietnamese imports

28 April 2021, Published under Cement News

The Philippines’ Department of Trade and Industry is expected to begin investigating allegations of cement dumping from Vietnam, following applications by three local manufacturers, according to the Manilla Standard. Cemex Philippines, Holcim Philippines and Republic Cement all applied for an anti-dumping investigation into cement products imported from Vietnam. The investigation will cover cement imported from July 2019 to June 2020, while the period of investigation for injury to the sec...

Holcim Philippines reports 81% rise in net income

27 April 2021, Published under Cement News

Holcim Philippines reported an 81 per cent rise in net income to PHP909.35m (US$18.79m) in the first quarter of 2021, compared to PHP501.54m in the year-ago period. However, revenues declined six per cent YoY to PHP6.81bn from PHP7.27bn in the 1Q20. "We delivered an excellent performance in the first quarter due to our sustained focus on Health, Cost, and Cash," said Horia Adrian, president of Holcim Philippines. The company has also announced the temporary suspension of operations a...

Malaysia: budget for the future

20 April 2021, Published under Cement News

Malaysia’s cement market has seen consumption slow in recent years due to political uncertainty and a mature residential market. Although COVID-19 stifled output in the 1H20, a new government and the largest budget in history for 2021 is providing much-needed hope for a rebound in cement demand and production. Malaysia’s construction sector pins its hopes on the 12th Malaysia Plan to revive infrastructure construction post COVID-19 Following growth of 4.8 and 4.3 per cent in ...