Cement News tagged under: Southeast Asia

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Asia's need to embrace co-processing

14 June 2019, Published under Cement News

As the Cemtech Asia 2019 Conference and Exhibition prepares to open in Bangkok next week, our weekly newsletter focusses on the opportunity for co-processing in Asia's cement sector, where general, post-consumer, plastic waste is being imported on an unprecedented scale, since China banned these foreign imports in 2017. Malaysia alone, for example, imported more than 754,000t of plastic waste from January to June 2018, according to Greenpeace. While public campaigns against imported waste ...

Southeast Asia producers line up for LafargeHolcim Indonesia sale

17 August 2018, Published under Cement News

The sale of LafargeHolcim's Indonesian unit has attracted the interest of several potential buyers in the region, including Japan's Taiheiyo Cement Corp, Malaysia's YTL Corp and PT Semen Indonesia, Bloomberg reports, citing unnamed sources. HeidelbergCement's Asian unit PT Indocement Tunggal Prakarsa is also considering a bid, Bloomberg reports. Negotiations are still at an early stage and LafargeHolcim could seek as much as US$2bn for the unit, Bloomberg says. LafargeHolcim owns 80.6 ...

A time of reassessment for HeidelbergCement

23 February 2018, Published under Cement News

This week it was announced that HeidelbergCement would be selling its 51 per cent stake in the Lehigh White Cement Co LLC while the company also reported on its full-year and 4Q17 results . The sale of HeidelbergCement's interest in the Waco and York cement plants in the USA would mean a complete exit from the North American white cement market for the Germany-based multinational. HeidelbergCement is carrying out a global portfolio review and optimisation process to generate cash flow. T...

Vicem appoints new general director

06 September 2017, Published under Cement News

Vietnam Cement Industry Corporation (Vicem) has appointed Bui Hong Minh general director. Mr Minh, 46, has held the position of deputy general director since 2013. Before that, he worked at But Son and Ha Tien cement companies. He became director of Bim Son Cement Company in 2011 prior to joining Vicem.

Lafarge Malaysia Bhd reports 2Q loss

30 August 2017, Published under Cement News

Lafarge Malaysia Bhd posted a net loss of MYR44.09m (US$10.3m) in its second quarter of 2017, compared to a net profit of MYR18.36m in the corresponding period amid weaker domestic demand in its cement segment  higher competition. Revenue dropped 19 per cent YoY to MYR531.77m from MYR658.8m, according to its Bursa Malaysia filing. “The situation was further exacerbated by the greater operating costs from higher fuel and electricity cost. This quarter’s loss was partially mitigated by a ...

Challenging year for YTL's cement division

17 August 2017, Published under Cement News

FY17 is proving to be a challenging year for YTL Corp’s cement business due to overcapacity and weak demand from the property segment, according to a report by Affin Hwang Investment Bank Research published in the The Edge Financial Daily. "Although we are expecting a higher demand from infrastructure and property in FY18, we believe the incremental demand is not sufficient to absorb the overcapacity, limiting the upside of the recovery in earnings," Affin Hwang noted. Apart from the c...

Eagle posts flat 2Q earnings

09 August 2017, Published under Cement News

Eagle Cement Corp of the Philippines reported a one per cent rise in earnings for the second quarter of this year as wet weather affected results. Net profit edged ahead to PHP1.9bn (US$37.5m) during the quarter versus PHP1.03bn a year ago, while net sales increased by six per cent to PHP3.71bn. "Historically second quarter is slower because of the rainy season," Eagle Cement President and CEO, John Paul L Ang, said in a press briefing, adding that the Easter Holy Week holiday occurred...

Holcim Indonesia half-year sales decline 10% YoY

07 August 2017, Published under Cement News

Holcim Indonesia reported a 10 per cent decline in sales to IDR4288bn in the first half of 2017 due to “tough market conditions exacerbated by the timing of Ramadan,” the company said in a statement. The subdued domestic economy and oversupplied market environment continued to suppress prices. However, the cost of sales was down by nearly two per cent reflecting the implementation of cost efficiency programmes by the company. Domestic cement consumption over the first six months of 2017 ...

LafargeHolcim accelerates biodiversity efforts in southeast Asia

12 July 2017, Published under Cement News

LafargeHolcim is accelerating its efforts on biodiversity conservation and has signed an agreement with Fauna & Flora International (FFI), a leading NGO focussed on biodiversity. Under the agreement, FFI will perform an independent external review of the group’s existing biodiversity management plans (BMPs) at sites in Malaysia, Indonesia and the Philippines. The NGO will also contribute to the development of a group-wide strategy on karst management since karst areas are an important hab...

Vietnam output up 8.1%

01 June 2017, Published under Cement News

Vietnam produced 33.6Mt of cement in the first five months of this year, up 8.1 per cent from a year earlier, including 7.7Mt in May, up 12.1 per cent, according to latest data of the government-run General Statistics Office. In the first four months, Vietnamese cement producers manufactured 25.9Mt of cement, according to the office’s revised figure. In 2016 they produced 78.6Mt of cement, including 7.3Mt in December, according to the revised figure.  (Source: Vietnam News Brief Service)