Cement News tagged under: Southeast Asia
Vicem cement sales rise 30% in Jan-Feb15 March 2013, Published under Cement NewsVietnam Cement Industry Corp (Vicem) has reported a rise in overall cement and clinker sales for the first two months of the year but export volumes declined. The country’s largest cement group sold 2.88Mt of cement and clinker in the first two months of the year, up by 30 per cent from a year earlier. Some 2.85Mt of cement and clinker was sold on the domestic market, a 44.5 per cent YoY rise, while 24,000t of cement was exported which was a decline of 36.8 per cent on the previous yea... |
Starlinger & Co GmbH opens office in Indonesia20 February 2013, Published under Cement NewsStarlinger has opened an independent regional office in Surabaya, Indonesia, to enhance sales and service support for customers in Southeast Asia. Starlinger, whose headquarters are based in Austria, said in a statement yesterday, that 'PT Starlinger SEA' has been founded in response to the growing woven packaging market in Southeast Asia and is operating as an independent company. The new Indonesian unit will handle sales and service activities of both business areas of Starlinger, t... |
Siam Cement sees strong demand into 201318 December 2012, Published under Cement NewsIncreased demand witnessed over 2012 in Thailand will continue rising well into next year, according to the head of the Siam Cement Group (SCG). "The momentum of demand growth stimulated by infrastructure projects will likely continue well into mid-2013," Kan , president and CEO of SCG, told the Bangkok Post. Recovering from the floods last year, YoY cement demand grew by only six per cent in this year's first quarter before of 2012 picking up with 10 per cent and 16 per cent increases... |
Siam Cement net profit down, approves investment, Thailand24 October 2012, Published under Cement NewsSiam Cement PCL said Wednesday its third-quarter net profit fell 13 per cent from a year earlier, mainly because of higher expenses and cost of sales. Meanwhile, its board has approved THB16.5bn (US$53.6m) worth of cement investments to increase its footprint in Southeast Asia. The company posted a net profit of THB6.42bn (US$208.8m) for the three months ended 30 September, compared with THB7.38bn in the same period a year earlier, its filing to the Stock Exchange of Thailand showed. Sa... |
Semen Gresik to issue US$150m global bonds next year, Indonesia18 October 2012, Published under Cement NewsPT Semen Gresik plans to issue US$150m of global bonds in 2013 to finance its plan to buy a smaller rival in Southeast Asia, Reuters reported the company’s CEO Dwi Sutjipto saying. He said earlier that the company plans to issue around US$500m of global bonds this year but the firm decided to delay the issuance. Sutjipto also said it plans to raise an additional IDR3-4trn (US$417.32m) via a combination of local currency bonds and commercial loans to fund its expansion plan, mainly in Myan... |
Vicem cement and clinker sales up 4.5%, Vietnam16 October 2012, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) sold 14.44Mt of cement and clinker in the first nine months of this year, up 4.5 per cent from a year earlier. Of this total, 13.73Mt were sold in the domestic market, representing a rise of six per cent YoY, while 717,000t were exported, which was a fall of 18 per cent on year, the corporation said on its website. Vicem produced 10.97Mt of clinker in the first nine months of this year, up two per cent YoY. The corporation’s cement production,... |