Cement News tagged under: Southeast Asia

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Robust cement sales growth for Indonesia in May

12 June 2024, Published under Cement News

Cement sales in Indonesia amounted to 5.678Mt in May. This is an increase of 11.2 per cent YoY compared to the 5.008Mt reported a year earlier. Regional sales reported growth across all areas led by Kalimantan where the development of Indonesia’s new capital, Nusantara, is ongoing. Sales there rose 32.2 per cent YoY in May to 475,672t up from 359,758t. Local dispatches in Bali-Nustra rose 23.9 per cent YoY to 346,822t from 280,184t. Java, the country’s largest market, saw sales rise 12.4 ...

Factory in the forest

04 June 2024, Published under Cement News

At its 5Mta Hualien plant in Taiwan, Asia Cement showcases its new circular economy solutions as well as its biodiversity restoration programme. The company’s drive for sustainable operations ranges from finding safe ways to dispose of waste wind turbine blades and refrigerants to quarry restoration and the creation of its own ecological park. By Chih-Hsien, Yu-Chung Tseng and Ting-Yun Lai, Asia Cement, Taiwan Asia Cement has actively invested in kiln technology to dispose of refrig...

Indonesia: strengthening its green agenda

03 June 2024, Published under Cement News

As the Indonesian cement market returns to growth, driven by an expanding economy, the country’s cement industry is developing its plants to become more sustainable. By ICR Research, UK Indonesia’s industry leaders are putting initiatives in place to make the cement industry more sustainable Indonesia has maintained seven consecutive quarters of growth above five per cent YoY. In line with market expectations, the economy expanded by 5.04 per cent in the last quarter of 2023...

Indonesian Cement Association unveils low carbon roadmap at Cemtech Asia 2024

03 June 2024, Published under Cement News

Cemtech Asia 2024 commenced today at the five-star Shangri-La Hotel in Jakarta, Indonesia. The event, running from 2-5 June, welcomes over 325 cement professionals from 29 countries for an industry-leading conference and a 53-stand exhibition. Cemtech Asia 2024 opened today at the Shrangri-La Hotel in Jakarta, Indonesia. The conference runs until 5 June and will welcome over 300 cement professional from across the world Speakers shared views on how the cement industry can be ...

Vietnam’s cement output rises 1.9% YoY in 5M24

30 May 2024, Published under Cement News

Vietnam’s General Statistics Office (GSO) has announced that the country’s cement production totalled an estimated 75.7Mt in the January-May 2024 period. This represents a 1.9 per cent YoY increase in production, compared to the same period in 2023.  In May alone, the country is expected to have produced an impressive 17.4Mt, marking a YoY increase of 7.3 per cent.  This trend of increased production could suggest a turnaround in the industry, as the country produced just 120.1Mt in 20...

TPI Polene reports weak operating conditions in 1Q24

27 May 2024, Published under Cement News

The Bank of Thailand’s statistics on domestic cement sales show a negative trend since the pandemic, falling by 3.1 per cent in 2022 and 1.5 per cent in 2023. In addition, since November 2023 the trend has worsened and by March 2024 domestic cement sales had contracted 14.5 per cent YoY bringing the 1Q24 contraction to 10.6 per cent.  The key reason for the major deterioration in demand is the delay in the approval/deployment of the FY23-24 budget affecting public sector works and creatin...

Yong Concrete PCL announces two new plants in Rayong

24 May 2024, Published under Cement News

Thailand-based Yong Concrete PCL has announced plans to build two new facilities in the country. Themove comes in response to rising demand in the Eastern Economic Corridor (ECC), and is aimed at offsetting market slowdown and government budget delays. Sunpetch Slisatakorn, CEO, said that one of the planned facilities will produce ready-mix concrete in the Nong Bua sub-district in Rayong’s Ban Khai district. An investment of THB10m (US$273,726) will be needed to commission the plant...

PHINMA Corp to acquire Petra Cement for PHP500m

22 May 2024, Published under Cement News

Philippines-based PHINMA Corp announced it will acquire Petra Cement Inc for PHP500m (US$8.6m). The conglomerate signed a purchase agreement through its subsidiary Philcement Corp on 20 May, it said in a stock exchange disclosure. "This is aligned with Philcement's growth strategy and its promise to assure Filipino consumers with reliable, high quality supply of cement products under its legacy brand, Union Cement," PHINMA Corp. said. The acquisition follows the manufacturing and s...

ENVEA acquires Asia Pacific Air Quality Group

14 May 2024, Published under Cement News

Environmental management solutions company ENVEA has acquired Asia Pacific Air Quality Group (APAQ Group). ENVEA views the acquisition as core to developing its presence and reach in Asia, and is complementary to its existing product portfolio, technology offering and customer base. The financial terms of the transaction were not disclosed. APAQ Group is a specialist air quality business based in Singapore. With clients across Asia, it offers planning, consultancy and integration services...

Southeast Cement Corp’s disappointing 1Q24 results

13 May 2024, Published under Cement News

Taiwan-based cement producer, Southeast Cement Corp Ltd, has reported its 1Q financial results for the period ending 31 March.  The company saw a 9.3 per cent YoY increase in revenue, from TWD528.05m (US$16.29m) in 1Q23 to TWD576.89 in 1Q24. Pretax profit also rose by an impressive 178 per cent during this period, from TWD19.51m to TWD54.24m. Despite these positive trends in revenue and pretax profit, the company’s net profit fell 16.2 per cent from TWD34.09m to TWD28.58m. Furthermore,...