Cement News tagged under: Southeast Asia
TCMA releases its Thailand 2050 Net Zero Cement & Concrete Roadmap31 October 2024, Published under Cement NewsThailand’s Cement Manufacturers Association (TCMA) has released the Thailand 2050 Net Zero Cement & Concrete Roadmap. The 70-page document has contributions from the Director General of the Department of Climate Change and Environment, TCMA, the Global Cement & Concrete Association (GCCA) and the Thins Concrete Association. The report discusses the commitment and pathway to net zero, looking at initial progress to decarbonise (1990-2020), a decade to deliver (2020-30), and full deployment o... |
Malayan Cement reports 156% increase in pretax profit31 October 2024, Published under Cement NewsMalayan Cement Bhd , majority-owned by YTL Cement Bhd , has reported notable financial results for FY23-24 (ending 30 June 2024). The Malaysian building materials group posted a revenue of MYR4.45bn (US$1.02bn), representing an 18 per cent YoY growth from MYR3.76bn in the previous year. This rise was primarily driven by stabilised domestic cement prices and operational efficiencies across its business segments. Profit before tax surged to MYR647.5m, marking a significant 156 per cent incre... |
Indonesian cement exports contract but clinker exports expand30 October 2024, Published under Cement NewsCement exports from Indonesia saw a 12.2 per cent YoY drop to 90,401t in September 2024 from 103,002t in the equivalent period of 2023. However, a two per cent growth in clinker exports to 753,075t in September 2024 from 737,968t in September 2023 was reported. January-September 2024 In the January-September 2024 period, Indonesia exported 8.5Mt of cement and clinker, up four per cent when compared with the 9M23. Of this total, clinker exports increased to 7.8Mt, up 7.9 per cent when com... |
Indonesia's cement market contracts 3% in September29 October 2024, Published under Cement NewsCement sales in Indonesia in September 2024 declined by 2.9 per cent YoY to 6,073,134t from 6,254,889t in September 2023, according to data from the Indonesian cement association, ASI. The bagged segment saw a 4.8 per cent YoY drop to 4,214,415t in September 2024 from 4,385,065t but bulk deliveries were up 1.6 per cent YoY to 1,869,823t from 1,902,887t. Cement production from the country’s cement plants slipped by 1.2 per cent YoY to 6,241,096t in September 2024 from 6,138,228t in Septembe... |
Republic Cement’s Bulacan plant invests in solar power24 October 2024, Published under Cement NewsRepublic Cement has signed a multiyear contract with Aboitiz Upgrade Solar,Inc (AUSI) to supply 14MWp of solar power to its Bulacan cement plant . This partnership is a key component of Republic’s strategy to reduce its carbon footprint and enhance cost efficiency by tapping into renewable energy. This clean energy solution aligns with the company’s broader goal of sustainable manufacturing and energy efficiency, essential for its energy-intensive operations. The collaboration with AUSI... |
YTL Cement Singapore completes NSL acquisition24 October 2024, Published under Cement NewsYTL Cement Singapore Pte Ltd has finalised its acquisition of NSL Ltd, a Singapore-based investment holding company that supplies building materials, from 98 Holdings Pte Ltd. The company acquired an 81.24 per cent stake for a total cash consideration of SGD227.613m (US$169.1m). The deal provides a unique opportunity for YTL Corp Group’s expansion via YTL Cement and its subsidiaries into the international business sectors in Malaysia, Dubai, Finland and Singapore, according to Market Line.... |
High electricity costs trigger price hikes among Vietnamese cement producers23 October 2024, Published under Cement NewsVietnam’s leading cement manufacturers, including Vicem Bim Son, Bút Son, The Vissai, Thành Thang Group, and Xuân Thành Cement, have announced price hikes starting from 20 October 2024, driven by rising production costs, particularly due to higher electricity prices. The adjustment will see cement prices increase by VND50,000/t (US$1.97/t) across most producers, with The Vissai opting for a smaller rise of VND46,300/t. According to a Thành Thang Group representative, the hike follows a... |
Vietnamese cement market expands 6% but exports fall 14% in September22 October 2024, Published under Cement NewsVietnamese cement sales increased six per cent YoY but fell 14 per cent MoM to 4,252,989t in September 2024, according to the latest data by the VNCA, the country’s cement association. Of this total, VICEM reported sales of 1,238,930t, up four per cent YoY but down 17 per cent MoM, while other VNCA members saw similar trends to 864,059t in September 2024. Non-VNCA members reported a seven per cent YoY rise sales to 2,150,000t but saw sales fall by 10 per cent when compared with August 20... |
Mitsubishi UBE Cement Corp to collaborate with Malaysia on CCS project17 October 2024, Published under Cement NewsMitsubishi UBE Cement Corp (MUCC) – in collaboration with The Kansai Electric Power Co Inc, Kyushu Electric Power Co Inc, Cosmo Oil Co Ltd, The Chugoku Electric Power Co Inc, Electric Power Development Co Ltd Mitsui & Co Ltd and Resonac Corp – was commissioned by the Japan Organization for Metals and Energy Security (JOGMEC) to conduct a survey of the Carbon Capture and Storage (CCS) Project for the Southern Offshore Malay Peninsula in FY24 under the terms of the "Engineering Design Work f... |
PT Amita Prakarsa Hijau to supply biomass to Indocement16 October 2024, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk , through its subsidiary PT Sari Bhakti Sejati established a company with PT Amita Tamaris Lestari under the name PT Amita Prakarsa Hijau on 4 October 2024 in Jakarta. The establishment of this joint venture is a continuation of the signing of the MoU with AMITA in 2023. The joint venture company operates in the field of recycling industrial waste, general waste and Indonesian biomass resources where the products will be ready to be supplied as raw materi... |