Cement News tagged under: Southeast Asia
Vietnamese cement market contracts 33% in August21 September 2021, Published under Cement NewsCement sales in Vietnam fell 33 per cent YoY and 31 per cent MoM to 3,503,485t in August 2021, according to the Vietnamese cement association, VNCA. VICEM sales declined 31 per cent YoY and MoM to 1,122,792t while the sales of its associates fell 48 per cent YoY and 32 per cent MoM to 700,693t in August 2021. Other cement companies reported a 25 per cent YoY and a 27 per cent MoM drop to 1,680,000t during this period. In the first eight months of 2021 domestic sales edged up one per cent to... |
Vietnam exports up, domestic market contracts16 September 2021, Published under Cement NewsVietnamese cement producers sold 8.09Mt of cement in August 2021, representing an eight per cent drop YoY as the COVID-19 pandemic suspended construction projects, according to the latest data from the Vietnamese Ministry of Construction. Of this total 4.97Mt were sold in the domestic market while 3.12Mt were exported. In the January-August 2021 period total sales edged up four per cent to 70.77Mt, of which 43.54Mt were supplied to the domestic market, which contracted by five per cent Yo... |
CBMI progresses Solid K4 project despite pandemic07 September 2021, Published under Cement NewsCBMI Construction Co Ltd (Sinoma) are pressing ahead with the Cemex Solid K4 New Line Project in the Philippines, despite the COVID-19 pandemic. Manila has received regular lockdowns for more than six months. Subcontractors have retreated from the site due the pandemic, material costs are increasing, labour costs have risen as have shipping costs and additional cost from COVID-19 precautions and measurement, but as the project's EPC contractor, CBMI has continued to work. CBMI als... |
Malaysia’s CMS posts 284% rise in 2Q net profit01 September 2021, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Berhad (CMS) reported a 32.3 per cent rise in 2Q revenues from MYR139.878m in the 2Q20 to MYR185.001m in the 2Q21. Profit before tax tripled from MYR18.479m to MYR57.471m over the same period. Profit attributable to equity holders of the parent company was up 283.7 per cent to MYR47.39m from MYR16.707m. In the first half of 2021 the company saw revenue edge up 17.5 per cent from MYR329.322m to MYR387.058m while profit before tax advanced from MYR36.573m to ... |
CeMAP records rising cement imports from Vietnam30 August 2021, Published under Cement NewsThe Cement Manufacturers Association of the Philippines, (CeMAP) Inc said Vietnam's cement exports to the Philippines rose 17 per cent YoY to 2.51Mt in the first four months of 2021, making the Philippines the second-largest destination for Vietnam exporters. "With a huge surplus and lower domestic demand, we will likely see a more aggressive effort from Vietnam exporters to flood the Philippine domestic market with imported cement," CeMAP Executive Director Cirilo M Pestano II said in a ... |
Vietnamese exports slip 2% in July27 August 2021, Published under Cement NewsTotal cement and clinker exports from Vietnam declined two per cent YoY in July 2021, according to the Vietnam National Cement Association (VNCA). The country’s cement producers supplied 3,202,346t of cementitious product to customers beyond its borders. However, when compared with June 2021, exports were up by 15 per cent. Of the total, 1,944,217t were clinker exports, down 41 per cent YoY but up 55 per cent when compared with June 2021, when 1,255,479t were exported. Cement exports saw... |
Dongwu Cement reports surge in 6M profit27 August 2021, Published under Cement NewsDongwu Cement reported a 30 per cent rise in unaudited revenues to CNY227.8m (US$35.1m) in the first six months of 2021, up from CNY174.8m in the 6M20. The company’s gross profit margin of the cement segment advanced to 21.8 per cent in the 6M20 from 16.7 per cent in the year-ago period. Profit attributable to the company’s owners surged from CNY10.8m in the 6M20 to CNY25.6m in the 6M21. Dongwu Cement International Ltd is a limited liability company incorporated in the Cayman Islands a... |
Vietnam sees 8% drop in July domestic sales26 August 2021, Published under Cement NewsCement sales in Vietnam in July 2021 declined eight per cent YoY to 4,964,884t and by 19 per cent from 6,095,139t in June 2021, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sales fell by eight per cent to 1,627,342t when compared with July 2020 and by 22 per cent from 1,853,650t in June 2021, while for its associates, the YoY drop was 25 per cent to 1,037,542t and 28 per cent from 1,434,489t in June 2021. However, other cement producers in the country imp... |
Top two Indonesian cement producers evolve growth strategies13 August 2021, Published under Cement NewsThis week, CemNet featured a plethora of half-yearly financial reports from leading cement producers, including Semen Indonesia Group (SIG). SIG operates in a domestic market with an industry capacity of 120.5Mta and, even with a leading 42 per cent market share, it is seeing competition increase from new entrants that have added 24.7Mta of cement capacity between 2013-18. To meet this challenge, SIG is poised to embark on a regional expansion, while its nearest domestic competitor is expect... |
Semen Indonesia Group sees 1H EBITDA up 2%10 August 2021, Published under Cement NewsSemen Indonesia Group (SIG) reported a 1.2 per cent uptick in revenue to IDR16.213bn (US$1.13m) in the 1H21 from IDR16.026bn in the 1H20. The increase in revenue was mainly due to higher regional sales volumes as importing countries saw their sales volumes increase. While domestic sales volumes were 1.5 per cent lower YoY at 14.345Mt in the 1H21 a 35.5 per cent increase in regional sales to 4.814Mt resulted in total sales up by 5.7 per cent to 19.159Mt. EBITDA edged up 2.1 per cent YoY t... |