Cement News tagged under: Southeast Asia
PT Loesche Indonesia service hub officially inaugurated15 May 2014, Published under Cement NewsLoesche has officially opened its new service hub in Jakarta, Indonesia, with an introductory seminar and inauguration ceremony for invited customers and potential business partners. PT Loesche Indonesia has been in full operation since January 2014. This country unit focuses on plant modernisation and spare part supply, as well as on-site support with all kinds of services for audits, maintenance, installation, and commissioning activities for the entire Indonesia region. To introduce del... |
Indocement outlines 2014 capex14 May 2014, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, plans to spend between IDR4.5trn (US$390.07m) and IDR5trn in capital expenditure this year, up from last year's IDR2.1trn, Reuters cited company Finance Director Tju Lee Sukanto as saying. Indonesia’s second-largest cement producer commissioned an additional 1.9Mta of grinding capacity during the first quarter of this year. A further 4.4Mta will come on-stream in 2015, with two 2.5Mta greenfield works being planned for 20... |
Indonesian monthly cement sales contract12 May 2014, Published under Cement NewsCement sales in Indonesia declined 0.4 per cent YoY in April to 4.52Mt, according to data from the Indonesia Cement Association (ASI). Speaking to local press, Widodo Santoso, chairman of the ASI, said: “Demand for building material was low throughout the legislative campaigns, which is why cement sales were down last month. Figures for the sales of cement have declined throughout the archipelago. Sales in Sumatra dropped by four per cent to 934,000t, Kalimantan saw an 8.7 percent d... |
Vietnam April output estimated to have increased 12.65% YoY29 April 2014, Published under Cement NewsVietnam is estimated to have produce 6Mt of cement in April, up seven per cent from March and 12.65 per cent from a year ago, the government’s General Statistics Office (GSO) said. In the four months to the end of April 2014, domestic cement output rose 7.6 per cent YoY to 19.4Mt, the office said in a monthly report. The office revised down the country’s cement output in the quarter to 13.4Mt from the earlier estimated figure of 12.7Mt. In 2013, Vietnam’s cement output hit 56.84Mt, a... |
Siam City double-digit rise in earnings and sales23 April 2014, Published under Cement NewsSiam City Cement Co (SCCC) reported a double-digit rise in earnings and sales during the first quarter of 2014, as higher cement prices and increased exports help offset declines in its domestic market of Thailand. SCCC said yesterday to the Stock Exchange of Thailand that earnings rose 56 per cent YoY to THB1.9bn as net sales rose 14 per cent to THB8.65bn. Thailand’s second-largest cement producer attributed the rise in revenue to higher average selling prices and a rise in exports despit... |
East Timor plant draws community concerns22 April 2014, Published under Cement NewsA new greenfield cement plant project planned by BGC (Australia) Pty Ltd in Baucau, north Timor, has led local community groups to set up a non-governmental organisation “to protect and preserve the communities’ rights to their culture, development and traditional land rights. The Timor-Leste Cement plant will be built by POSCO E&C Australia who will be responsible for the whole process from engineering to procurement and construction. Community organisation, Kapeliwa was publicly launc... |
Semen Indonesia first-quarter sales rise 3.5%17 April 2014, Published under Cement NewsPT Semen Indonesia, the country’s leading cement producer, sold 6.16Mt of cement to the domestic market during Jan-March 2014, a 3.5 per cent increase compared to the same period last year. During the first three months of this year, Indonesian consumption increased by 3.7 per cent, a much slower rate compared to the 8.6 per cent growth registered in 1Q13. The 1Q14 slowdown was partly attributed to adverse weather conditions in January and February but domestic demand rebounded in March, in... |
Bosowa Maros plans IPO by 201616 April 2014, Published under Cement NewsThe Bosowa Group of Indonesia plans to take its cement unit, Semen Bosowa Maros, to an initial public offering by 2016. “We may go public within the next two years. The market’s been anticipating Semen Bosowa will go public, since many cement makers have entered the bourse,” Sadikin Aksa, managing director at Bosowa Corporindo, told the Jakarta Globe. While the company is focussing on the local market for the time being, it also plans to expand to Vietnam and Myanmar within five years, ... |
Fitch affirms Siam City Cement’s long-term rating, outlook ‘Stable’15 April 2014, Published under Cement NewsFitch Ratings has affirmed Thailand-based Siam City Cement Public Co Ltd's (SCCC) National Long-Term Rating at 'A(tha)', its National Short-Term Rating at 'F1(tha)', its National Long-Term Rating on its senior unsecured debentures at 'A (tha)'. The outlook is Stable. Leading market position SCCC has maintained its position as Thailand's second-largest cement producer with a stable market share of 28 per cent in 2013, Fitch notes. Its strong brands in cement and ready-mixed concrete have u... |
Indonesia 1Q14 sales growth slows14 April 2014, Published under Cement NewsIndonesian cement consumption slowed during the first quarter of this year despite a strong rebound in March sales, latest data by the Indonesia Cement Association (ASI) shows. For the first three months of the year, demand rose by 3.7 per cent YoY to 14.08Mt compared to 13.58Mt in the comparative period of 2013. However, annual growth in the 1Q13 was much higher at 8.6 per cent. According to the data, consumption during the Jan-March 2014 period fell in almost all regions. Consumptio... |