Cement News tagged under: Southeast Asia
YTL Corp net profit rises 9% in 3QFY2131 May 2021, Published under Cement NewsYTL Corp Bhd recorded a nine per cent increase in its net profit to MYR93.5m (US$22.6m) for the third financial quarter ended 31 March 2021 (3QFY21), up from MYR85.4m in the preceding quarter. Revenue fell eight per cent QoQ to MYR4.22bn, from MYR 4.59bn in 2QFY21. "We have continued to see good recovery, particularly in our key utilities division which has registered a marked turnaround in the merchant multi-utilities subsegment in Singapore, as well as our cement and construc... |
Cahya Mata Sarawak sees net profits of MYR77.8m in 1QFY2131 May 2021, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) recorded a 3.5-fold higher net profit of MYR77.8m (US$18.8m) for the first quarter ended 31 March 2021 compared with MYR17.28m in the same period last year. Revenue increased to MYR202.06m from MYR189.44m in 1QFY20. CMS said the revenue increased seven per cent due to higher contributions from the cement, trading and property development divisions. "The cement division reported a higher revenue of MYR128.17m attributed to lower clinker purchase price, ... |
Cement imports to the Philippines are increasing by 6-7% YoY17 May 2021, Published under Cement NewsCEMAP data showed imports were growing by an average of 6-7 per cent annually. In 2020 approximately 500t of cement arrived from Vietnam, which emerged as the biggest cement exporter in southeast Asia. Vietnam cement accounted for nearly 90 per cent of total imports, CEMAP said. Meanwhile, many cement manufacturers in the Philippines are pushing for an end to cement imports, citing increased capacities to serve local demand and the industry’s depressed profits more than a year into the pa... |
PT Indocement Tunggal Prakarsa sells 4Mt of cement in 1Q2129 April 2021, Published under Cement NewsThe 1Q21 cement sales of PT Indocement Tunggal Prakarsa Tbk have seen a pick up. Indocement Director and Corporate Secretary, Antonius Marcos, said that in March 2021, the company recorded sales of 1.4Mt, more than 200,000t higher sales than in the previous month. Indocement reached 4Mt during 1Q21 (3.9Mt in 1Q20) and the company still believes that sales growth in 2021 can reach four per cent higher than in 2020. This year, Indocement will strengthen its sales in Sumatra... |
Vietnam prices up as costs increase26 April 2021, Published under Cement NewsSelling prices of cement in Vietnam have recently increased by VND30,000-40,000 (US$1.29-1.72)/t as production costs have increased, according Luong Duc Long, vice president and general secretary of the Vietnam National Cement Association. Local cement producers have considered raising the price since the end of 2020 as raw material, labour and freight costs have continuously increased. The retail price of cement in Vietnam’s northern region is VND1.2m-1.3m/t while in the south it is VND... |
Vietnam sales slip 9% in March20 April 2021, Published under Cement NewsCement sales in Vietnam slipped nine per cent YoY to 5.903Mt in March 2021, according to the Vietnam National Cement Association (VNCA). Sales by VICEM and its affiliates were down by 12 per cent YoY to 1.966Mt and 1.557MtMt, respectively while other cement producers saw a five per cent decrease in sales to 2.38Mt. Total exports advanced 75 per cent YoY to 4.672Mt, mainly supported by a 19 per cent rise in clinker sales to 3.177Mt. China was the largest purchaser of clinker in March, foll... |
Malayan Cement Bhd to repay borrowings with share placement16 April 2021, Published under Cement NewsMalayan Cement Bhd is expected to raise MYR226.95m (US$55m) mainly to repay bank borrowings via a proposed placement of up to 85m shares, representing 10 per cent of the company's issued shares as of 14 April 2021. The total fund is based on the illustrative issue price of MYR2.67 per placement share, said Malayan Cement. Malayan Cement said MYR53.93m out of the total proceeds would be used for working capital, MYR170m will be used to repay bank borrowings, and MYR3m to defray estimate... |
Vietnam’s cement and clinker exports up 22%06 April 2021, Published under Cement NewsCement and clinker exports increased by 22.5 per cent YoY to over 8Mt in the year up to 15 March 2021, according to the latest data from the General Department of Vietnam Customs. In terms of value, there was a 14 per cent YoY rise to US$295m. However, average prices dropped 6.7 per cent YoY to US$36.40/t. A drop in average cement and clinker prices in China led to a decline in Vietnamese prices from US$40/t to U$32-33/t since late 2020. |
Vietnamese cement market expands 77% in January05 March 2021, Published under Cement NewsCement deliveries in Vietnam surged 77 per cent YoY to 5.079Mt in January 2021. However, MoM they fell by 16 per cent, reports the Vietnam National Cement Association (VNCA). Of this total, VICEM saw a 91 per cent YoY rise in domestic sales to 1.729Mt (-17 per cent MoM) while its affiliates posted a 65 per cent increase YoY to 1.25Mt (-16 per cent MoM). Other cement producers noted a 74 per cent YoY improvement in sales to 2.1Mt but a 15 per cent decline MoM. The country exported a total o... |
Cahya Mata Sarawak sees gradual increase in cement demand04 March 2021, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Bhd (CMS) can expect an improved financial performance this year, given the anticipated gradual recovery in the demand for building materials in Sarawak following the relaxation of movement restrictions. TA Securities Research said CMS management expects demand for cement to be around 1.6Mt in 2021, backed by ongoing infrastructure projects such as the Pan Borneo Highway, Coastal Road and Baleh Hydro Dam. The group’s clinker plant is also on track... |