Cement News tagged under: Southeast Asia
YTL Corp Bhd's net profit rises to MYR16m01 March 2021, Published under Cement NewsYTL Corp Bhd’s net profit jumped to MYR16.09m (US$3.9m) in the 2QFY21, ended 31 Dec 2020, from MYR1.29m in the preceding quarter, thanks to a strong showing by its multi-utilities business segment in Singapore. Revenue increased 10 per cent to MYR4.59bn, from MYR4.18bn in 1QFY21. Group Executive Chairman Tan, Sri Francis Yeoh Sock Ping, said YTL Corp's earnings before interest, tax, depreciation and amortisation (EBITDA) stood at MYR2bn for the six months, as the group remained resilie... |
Cemex Philippines resets opening date for Antipolo plant24 February 2021, Published under Cement NewsCemex Philippines is postponing the opening of its new integrated cement plant in Antipolo City to January 2022. The original target date for completion of the project was December 2020. The US$265m kiln line will have a cement capacity of 1.5Mta. "Accordingly, the four-year income tax holiday period applicable to this project shall be reckoned from January 2022 or the actual start of commercial operations, whichever is earlier," the company said. |
Cemex Philippines records net income of PHP98m in 202016 February 2021, Published under Cement NewsCemex Holdings Philippines Inc reported a 23 per cent weaker net income of PHP985m (US$20.54m) in 2020 from PHP1.3bn in 2019, as the coronavirus impacted its operating earnings. The listed company’s consolidated net sales also dropped by 16 per cent last year to PHP19.7bn from PHP23.6bn in the previous year. The COVID-19 pandemic slumped the firm’s domestic cement volumes by 11 per cent YoY in 2020, while its domestic cement volumes in the fourth quarter shed nine per cent YoY due to advers... |
All of SIG’s cement plants now operate on alternative fuels09 February 2021, Published under Cement NewsPT Semen Indonesia Tbk (SMGR) has released a goal of getting all of its cement plants to operate on alternative fuel. This effort will also support the government’s aim of reducing Indonesia’s use of coal. "We want to provide a long-term solution in overcoming the problem of domestic waste that can have a positive impact on the environment and society at large," said SMGR Director, Hendi Prio Santoso, in a press statement in Jakarta. He explained that all SMGR factories now without ... |
Taiheiyo signs capital investment agreement in Solusi Bangun Indonesia27 January 2021, Published under Cement NewsPT Solusi Bangun Indonesia Tbk (SMCB), PT Semen Indonesia Industri Bangunan and Japan-based Taiheiyo Cement Corp signed a capital transfer and inclusion agreement and cement sale and purchase master agreement (offtake agreement) on 26 January. The transfer and capital participation agreement reflects the planned capital investment by Taiheiyo in the former Holcim subsidiary through the issuance of new shares with the right to pre-order securities (HMETD) or rights issue. "The implementatio... |
Indocement targets 4% sales growth19 January 2021, Published under Cement NewsHeidelbergCement-owned PT Indocement Tunggal Prakarsa Tbk is targeting a four per cent sales volume growth this year on the condition that the business world will resume operations following COVID-19 vaccination programmes, according to the company’s Director and Corporate Secretary, Antonius Marcos. Last year sales of the Indonesian cement producer reached 16.5Mt and the new objective sets expected sales in 2021 at 17.16Mt. However, the growth target remains below the 18.1Mt sales of 2018 ... |
Holcim Philippines releases a new dry mortar08 January 2021, Published under Cement NewsHolcim Philippines Inc has developed a new multipurpose mortar product that is a dry-mix solution for high-quality walls, floors and tile building projects. Called Holcim Multifix, the product combines sand and cement enhanced with polymer that can be activated by adding water. Multifix is produced in the company's dry-mix plant, removing the need for masons to combine materials on site. Being factory-produced also significantly reduces wastage of building materials such as sand, thus m... |
Vietnamese market sees 11% drop in October24 December 2020, Published under Cement NewsCement demand in Vietnam fell by 11 per cent YoY to 4,899,301t in October 2020. However, when compared with September 2020, a two per cent uptick was reported by the VNCA, the country’s cement association. VICEM sales slipped by three per cent YoY but were up seven per cent MoM to 1,702,134t in October 2020, while joint ventures saw sales drop by 24 per cent YoY and 10 per cent MoM to 1,157,167t. Other companies reported an eight percent YoY decrease but a MoM five per cent increase to 2,0... |
Hazemag supplies NCC Northern Cement with two new crushers08 December 2020, Published under Cement NewsHazemag Systems Gmbh has supplied two crushers to NCC Northern Cement Corp in Philippines in partnership with our local partner PrinceACE Corp. In September 2020 Hazemag Systems received an order from San Miguel Northern Cement Inc for the delivery of two Hazemag Roller Crushers HRC 1230. The two roller crushers are designed for 800tph of shale, silica and pozzolan for Line A. With a dimension of approximately 8857mm length, 6477mm width and 2222mm height the roller crushers are one ... |
Republic Cement aims to double plastic co-processing by 202104 December 2020, Published under Cement NewsRepublic Cement’s resource recovery arm, ecoloop, plans to co-process a minimum of 10m plastic sachets or bags per day at its plant in the Philippines by the beginning of next year. "It's going to be double what we are currently doing, and it's just the beginning," said Angela Edralin-Valencia, ecoloop director. |