Cement News tagged under: Southeast Asia
Vietnam continues to dominate imports in the Philippines07 June 2022, Published under Cement NewsVietnam’s dominance of cement imports in the Philippines continues to cause concern for local producers. With local demand expected to reach 66Mt in 2025, the Cement Manufacturers Association of the Philippines (CeMAP) has revealed data showing that Vietnamese cement accounts for the bulk of cement imports while deliveries from the rest of the world continue to shrink, according to the Manila Bulletin. In 2021 the Philippines imported 7.107Mt of cement, of which Vietnam accounted for 6.... |
Vietnamese cement deliveries decline 9% in April30 May 2022, Published under Cement NewsTotal cement deliveries in Vietnam fell nine per cent to 5,968,302t in April 2022 when compared with April 2021 and decreased 16 per cent when compared with March 2022, according to the Vietnamese National Cement Association (VNCA). VICEM sales volumes during the month decreased six per cent YoY and 18 per cent MoM to 2,121,931t while sales by other VNCA members saw their sales fall by 10 per cent YoY and 15 per cent MoM to 2,121,931t. Other, non-affiliated cement producers posted a 11 per c... |
Eagle Cement Corp 1Q net profit slips 3%26 May 2022, Published under Cement NewsPhilippines-based Eagle Cement Corp reported a three per cent decrease in net income to PHP1.66bn (US$31.674m) in the first quarter of 2022 from PHP1.72bn in the equivalent period of 2021. The company’s sales advanced 30 per cent from PHP5.3bn in the 1Q21 to PHP6.83bn in the 1Q22 as historically high quarterly sales volumes combined with higher average cement prices. In addition, its subsidiary Solid North Mineral Corp contributed extra revenue. Gross profit was PHP2.59bn, up 11 per ce... |
Howden opens new Hanoi office25 May 2022, Published under Cement NewsHowden has opened a new office in Hanoi, Vietnam. The new office complements Howden's existing location in Ho Chi Minh City and brings greater access to the company’s procurement, quality control, technical assistance and project execution in northern Vietnam. This move brings Howden experts closer to hand for vital industries and supports Howden’s original equipment manufacturer (OEM), aftermarket (AFM), and retrofit expertise. Camille Levy, president of the Asia-Pacific Region at Howde... |
CMS sees 1Q revenues up by 6%23 May 2022, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Berhad (CMS) reported a revenue of MYR214.04m for the first quarter ended 31 March 2022, up six per cent YoY from MYR202.06m. Profit before tax improved to MYR83.86m in the 1Q22 from MYR82.56m in the 1Q21 due to a better performance by the Cement and Road Maintenance businesses and a higher share of results of associates by MYR15.42m. Although higher raw material costs and global supply chain constraints challenged the company’s operations, key initiat... |
thyssenkrupp Industrial Solutions and VIBM sign MoU16 May 2022, Published under Cement Newsthyssenkrupp Industrial Solutions Vietnam and the Vietnam Institute of Building Materials (VIBM) have signed a Memorandum of Understanding (MoU) on cooperation between both parties on the research and application of new technologies in cement manufacture. At the ceremony, Lukas Schoeneck, CEO of thyssenkrupp Industrial Solutions Vietnam, reaffirmed his commitment to collaborate with VIBM under the guidance of the Deputy Minister of Construction, Nguyen Van Sinh, to transit the cemen... |
VICEM goes for green29 April 2022, Published under Cement NewsVietnam Cement Corp (VICEM) has used the COVID-19 period to increase its use of alternative fuels and waste raw materials. ICR highlights Tai Nguyen and Moi Truong's recent report on the projects that have seen the Vietnamese cement company reduce its production costs and its CO2 emissions over the last three years. VICEM started testing the treatment of ordinary industrial waste as an alternative fuel from the end of 2019. Since 2020 the company has treated waste, mainly from the leather... |
Cemex reports 1Q22 net sales increase of 13%29 April 2022, Published under Cement NewsCemex announced its first quarter of 2022 results, with consolidated net sales and EBITDA growing YoY by 13 and three per cent, respectively, despite a challenging cost environment. The growth was led by a 12 per cent increase in cement prices in LfL terms, eight per cent in ready-mix, and seven per cent in aggregates, with all regions contributing to pricing gains. Cemex continued to enjoy strong demand dynamics, with cement and ready-mix volumes growing high single to double-digits... |
Vietnamese market expands 25% in March22 April 2022, Published under Cement NewsTotal cement deliveries in Vietnam reached 7,110,132t in March, representing a YoY increase of 25 per cent and a MoM advance of 101 per cent, according to the Vietnam National Cement Association (VNCA). Of this total, 2,576,950 was supplied by VICEM, which saw its domestic sales increased by 31 per cent YoY and by 130 per cent MoM. Other VNCA members reported a 12 per cent YoY and 118 per cent MoM rise to 1,743,182t while non-affiliated cement producers posted a 30 per cent YoY and 72 per ... |
Bringing down temperature12 April 2022, Published under Cement NewsVietnam’s tropical climate, with its high humidity, places extra challenges on FICO-YTL’s grinding plant operations in Tay Ninh, affecting the performance of the final product. However, following an upgrade the cement produced in the mill is now of a significantly better quality, while output has increased and power consumption reduced. By Hongzhi Zhu, CETEC Co Ltd, China. Following an upgrade at FICO-YTL's grinding operations in Tay Ninh, Vietnam, the company's cement quality has ... |