Cement News tagged under: southeast asia
Vietnamese cement market contracts 11% in August21 September 2023, Published under Cement NewsCement sales in Vietnam declined 11 per cent YoY to 4,471,258t in August 2023 when compared with August 2022, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM reported sales of 1,375,727t, down 12 per cent YoY, while other VNCA member companies saw sales fall by 16 per cent YoY to 995,531t. Non-VNCA member sales decreased by nine per cent YoY to 2,100,000t in August 2023. Exports Total exports in August 2023 declined 17 per cent YoY to 2,706,159t. Cement ... |
Institut Semen dan Beton Indonesia becomes an Affiliate Member of WCA01 September 2023, Published under Cement NewsThe World Cement Association (WCA) announced it is welcoming the Jakarta-based engineering specialist and industrial research consultancy firm, Institut Semen dan Beton Indonesia (ISBI) , as an Affiliate Member. Institut Semen dan Beton Indonesia, also known as the Indonesian Cement and Concrete Institute, has provided engineering training and consulting within the cement industry as well as the nickel, steel, power generation and mining sectors, for over 20 years. ISBI’... |
YTL Corp reports 22% revenue rise25 August 2023, Published under Cement NewsYTL Corp Berhad ’s revenue increased by 22 per cent to MYR29,508.2m (US$6,359.5m) for the 12 months ended 30 June 2023, compared to MYR24,241.5m (US$5,224.5m) for the 12 months ended 30 June 2022. Executive Chairman of the Malaysian company, Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, said, “Our utilities segment accomplished excellent results driven mainly by the power generation division. The cement division also turned in better performance resulting from increased demand an... |
Indonesian cement market contracts 5% in 1H2324 August 2023, Published under Cement NewsCement sales in Indonesia totalled 28.052Mt in the first six months of 2023, down 4.8 per cent from 29.417Mt in the 6M22. Java, the country’s largest market, saw sales decline by 6.8 per cent YoY to 14.571Mt as sales in Jateng fell by 17.1 per cent. In Sumatra, sales decreased by 3.4 per cent to 6.094Mt in the 6M23 from 6.307Mt in the year-ago period. The 21.2 per cent sales increase in Riau, 6.1 per cent increase in Jambi and 2.2 per cent uptick in Sumut were unable to offset decreased ... |
Taiheiyo to build new terminal in Philippines22 August 2023, Published under Cement NewsJapan-based Taiheiyo Cement Corp (TCC) will build a new cement terminal in Calaca, Batangas, Philippines, to enable the company to serve the Luzon market from its pant in San Fernando, Cebu. Taiheiyo Cement Philippines Inc (TCPI) will build and operate the planned hub to distribute its Grand-branded cement products, according to TCC President and Representative Director, Masafumi Fushihara. The 0.7Mta project is the next step in serving a market that TCPI has estimated to have increase... |
Mayur appoints CEO of Central Lime Project21 August 2023, Published under Cement NewsMayur Resources Ltd of Papua New Guinea has appointed John McBride as CEO of the company’s Central Lime project. Mr McBride has extensive technical, operational and commercial experience in global materials companies. He was the CEO of Sibelco’s Lime Division and most recently president of APAC at lime company Graymont. Mayur’s Managing Director, Paul Mulder, said: "We are excited to have attracted talent of the calibre of John to lead our Central Lime Project. John’s industry, developmen... |
Vietnam's producers struggle for profitability18 August 2023, Published under Cement NewsSoutheast Asia is becoming a difficult market for cement producers to make a profit. Surging production costs, sluggish consumption, and reduced prospects at home and abroad stifled any chance of high margins in the 1H23. Meanwhile, export markets are becoming more restricted. On top of China's reduction of imports, Australia has started to review the possibility of a cross-border adjustment mechanism (CBAM) implementation following Europe's lead to protect against carbon leakage. Domest... |
Vietnamese market contracts by 18% in July18 August 2023, Published under Cement NewsCement sales in Vietnam declined by 18 per cent to 4,655,526t in July 2023 when compared with July 2022, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sales fell by 18 per cent to 1,437,107t while other VNCA members sold a combined 968,419t, down 24 per cent YoY. Non-members saw sales drop by 16 per cent YoY to 2,250,000t. Total exports advanced by 26 per cent YoY to 2,790,355t in July 2023. Cement exports were up 23 per cent YoY in the period with non-V... |
IKN supplies two coolers to Vietnam14 August 2023, Published under Cement NewsIKN has been working on two construction sites in Vietnam in Dai Duong and Thanh Thang where two new IKN coolers are currently being erected. Similar in size, these coolers are designed for producing 7500tpd of clinker and will be ready for commissioning end of this year. “ These new production lines will enable the customers to produce cement more efficiently and sustainably and expand their reach in the growing market,” claims IKN. |
Indonesia remains gripped by cement overcapacity11 August 2023, Published under Cement NewsThis week Indonesia's Ministry of Industry addressed the growing issue of overcapacity in the cement sector by implementing a new moratorium policy and new investment arrangements. At the same time, the industry is transitioning to more sustainable cement production as it targets a net zero future. Ignatius Warsito, director general of the Chemical, Pharmaceutical and Textile Industry (IKFT) of the Ministry of Industry, explained the condition of overcapacity of the cement industry is prese... |