Cement News tagged under: Southeast Asia
VICEM sees 29.4Mt of cement and clinker sold in 202108 February 2022, Published under Cement NewsVietnam-based Vietnam Cement Industry Corp (VICEM) sold 29.44Mt of cement and clinker in 2021, reflecting stable sales when compared with 2020, according to local media. VICEM’s cement sales reached 24.16Mt while clinker sales reached 5.28Mt. The company’s output saw a 2.1 per cent drop to 21.47Mt of clinker and 24.1Mt of cement. The company’s revenues remained level at VND33.81trn (US$1.46bn) when compared with 2020. Its pretax profit slipped 1.3 per cent YoY to VND2.05trn. In 2021 V... |
Semen Indonesia looks forward to 4% FY22 expansion02 February 2022, Published under Cement NewsSemen Indonesia expects to grow 3-5 per cent YoY in FY22, up from two per cent in FY21 as the key market for bagged cement (mainly for home renovations and small home cluster developments) improves. In addition, the property stimulus by the Indonesian government and a high infrastructure budget in FY22 are expected to support sales. A further driver is the improved control of the COVID-19 pandemic. The company’s sales strategy heavily focusses on the domestic market, which provides higher... |
Ha Tien sees 65% drop in 4Q net profit26 January 2022, Published under Cement NewsHa Tien 1 Cement JSC , in which Vietnam Cement Industry Corp holds a 79.7 per cent stake, reported a 65.4 per cent YoY fall in consolidated net profit to VND53.32bn (US$2.3m) in the 4Q21 due to a decrease in gross profit. The company’s net profit during the quarter declined 8.5 per cent YoY to VND2.02trn. In 2021 the company saw a 39.1 per cent drop in consolidated net profit to VND369.86bn on a net revenue of VND7.06trn, down 11.3 per cent YoY. |
Vietnam cement sales slip in 2021 but exports surge24 January 2022, Published under Cement NewsCement sales in Vietnam edged up by two per cent to 6,135,769t in December 2021, according to the Vietnamese cement association, VNCA. When compared with November 2021, the increase was 10 per cent. Of this total, VICEM sales remained stable YoY although MoM they saw a 13 per cent hike to 2,067,491t in December 2021. Affiliated companies reported a nine per cent drop YoY but an 11 per cent MoM rise to 1,353,278t while Vietnam’s other cement producers reported YoY and MoM increases in sales... |
PT Indocement Tunggal Prakarsa reports sales volumes of 17Mt in 202124 January 2022, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk (INTP) (HeidelbergCement group) recorded sales of 17Mt in 2021, a three per cent increase from the previous year. "This achievement is more or less in line with the target," explained Antonius Marcos, director and corporate secretary of Indocement. Marcos explained a number of factors which impacted cement sales last year. "The main driving factor for sales was from the retail sector, which is increasing public optimism of the recovery of the... |
Siam City Cement Group signs biodiversity MoU with IUCN21 January 2022, Published under Cement NewsSiam City Cement Group (SCCC Group) and the International Union for Conservation of Nature (IUCN) have extended their partnership for another three years by formalising a new Memorandum of Understanding (MoU). The MoU will support the implementation of the INSEE Sustainability Ambition 2030 plan, targeting Net Positive Impact (NPI) on biodiversity at sites where SCCC Group operates. The goal of the partnership is to avoid and minimise biodiversity loss to the maximum extent possible. Ov... |
Tokyo Cement lays foundation stone for expansion project19 January 2022, Published under Cement NewsThe Management of Tokyo Cement Company (Lanka) PLC recently laid foundation for a factory expansion project in Trincomalee, to increase its manufacturing capacity by a further 1Mta. The project scheduled to be completed by early 2023 will bring Tokyo Cement Group’s total installed capacity to 4Mta, firmly establishing the Company’s position as the largest manufacturer of cement in Sri Lanka. The new expansion project at the Tokyo Cement Factory in Trincomalee reflects the company’s r... |
Pan-United Corporation and Shell sign decarbonisation MoU14 January 2022, Published under Cement NewsPan-United Corporation Ltd and Shell Eastern Petroleum (Pte) Ltd have today signed a memorandum of understanding (MoU) to explore various decarbonisation solutions in the construction and urban solutions industries. The collaboration is expected to create benefits in terms of decarbonisation in the built environment through the creation of possible new business models and market opportunities. The MoU outlines the joint effort to identify opportunities in areas such as low-carbon and ... |
A TEC completes Ssangyong Cement Redudust® order13 January 2022, Published under Cement NewsSsangyong Cement Ind Co Ltd has teamed up with A TEC Production and Services GmbH from Austria to install A TEC’s innovative ReduDust ® process in its plan in Donghae, South Korea. The process will recover salts from the dust and produce bypass dust free of these components, which can be re-used and does not need to be deposited anymore. The ReduDust plant for Donghae has a bypass dust treatment capacity of 35,000tpa and was commissioned in the 2Q21. The scope of supply for... |
FiCO Pan-United Concrete completes Novaland agreement07 January 2022, Published under Cement NewsFiCO Pan-United Concrete JSC, a subsidiary of Singapore-listed Pan-United Corporation Ltd, has strengthened its longstanding working relationship with Novaland Group with the signing of a 2022-24 cooperation agreement. The agreement will see FiCO PanU providing sustainable concrete solutions to Novaland, a leading prestigious brand in the real estate investment and development industry in Vietnam. Under the terms of the agreement, FiCO PanU will construct two onsite batc... |