Cement News tagged under: south Asia
Vietnam sees production up 14% in first two months01 March 2021, Published under Cement NewsVietnam produced 15.5Mt of cement in the first two months of 2020, up 14 per cent YoY, according to the country’s General Statistics Office (GSO). In February the country’s cement output is expected to be down six per cent YoY to 6.8Mt. In 2020 production reached 100.1Mt of cement, rising 3.6 per cent YoY, according to the revised figures. |
Holcim Philippines appoints new CEO25 February 2021, Published under Cement NewsHolcim Philippines has appointed Horia Ciprian Adrian as its president and CEO, following the departure of John Stull who has led the company for three years. The appointment will be effective from 1 March. "It is an honour to be appointed as the new President and CEO of Holcim Philippines. The business in the Philippines is a significant contributor to the LafargeHolcim Group and it is truly exciting to continue the remarkable work done under John's leadership," said Mr Adrian. He has p... |
Cambodia sees 7% rise in production in 202010 February 2021, Published under Cement NewsCambodia's five cement factories produced 7.9Mt of product last year, rising seven per cent YoY, despite many construction projects being put on hold throughout the year as a result of COVID-19, according to Puth Chandarithm, secretary-general of the Cambodian Cement Manufacturing Association. "This seven per cent increase indicates that demand for cement remains high despite the fact that COVID-19 continues to spread," he said in a statement to the Phnom Penh Post. Mr Chandarithm added t... |
VICEM’s shift to sustainability09 February 2021, Published under Cement NewsVietnam’s cement industry has expanded significantly over the years, leading to considerable overcapacity – a particularly challenging issue given the COVID-19 pandemic which resulted in sales falling. In response, market leader VICEM has shifted its focus to building a more sustainable production base and supplying ‘greener’ products. VICEM’s focus has shifted from expanding production capacity to building a more sustainable production base Owned by the Vietnamese state, the or... |
Siam Cement sees net profit rise 7% in 202029 January 2021, Published under Cement NewsThailand’s Siam Cement has reported a nine per cent decline in revenue from sales to THB399.94bn (US$13.3bn) for 2020, compared to THB437.98bn in the previous year. However, its net profit rose seven per cent YoY to THB34.41bn from THB32.01bn, on the back of an improved performance in all of its businesses. The company expects its total earnings in 2021 to grow by 5-10 per cent from the THB399bn last year, driven by high value-added product development and the circular economy. "We ha... |
Ha Tien Cement sees 29% decline in net profit28 January 2021, Published under Cement NewsVietnam’s Ha Tien Cement has reported a 28.6 per cent YoY fall in net profit to VND153.97bn (US$6.64m) in the final quarter of 2020. Net revenue also declined 3.2 per cent to VND2.21trn. The company saw a consolidated net profit of VND615.49bn on a net revenue of VND7.96trn in 2020, down 16.9 per cent and 9.9 per cent YoY, respectively. |
New director elected to San Miguel board22 January 2021, Published under Cement NewsJohn Paul Ang has been elected as a director of Philippines-based San Miguel Corp, filling the board vacancy left after Reynaldo David passed away last year. Mr Ang is currently the president and CEO of Eagle Cement Corp, which is owned by the Ang family. "He brings with him years of top managerial experience in the cement industry in the Philippines and in Malaysia, beginning with experience of business operations to top-level management decision making. The experience allowed him to be... |
Cemex Philippines' US$235m project reaches milestone20 January 2021, Published under Cement NewsCemex Philippines' US$235m project has reached a milestone as the company has lifted the rotary kiln into place for its new line. Upon completion, the 1.5Mta expansion at Solid Cement will raise capacity to 3.4Mta. "This milestone demonstrates our full commitment to the development of the country and brings us closer to further strengthening our position in providing the infrastructure and building needs for economic development," said Ignacio Mijares, CEO and president, Cemex Holdings Ph... |
Vietnam sees exports rise 14% in 202020 January 2021, Published under Cement NewsVietnam exported over 3.6Mt of cement and clinker worth US$135m in December 2020, up 15.3 per cent MoM in volume and 10.8 per cent YoY in value, according to the General Department of Customs. During the full year, the country earned US$1.43bn from exporting 38.4Mt of such products, up 3.2 per cent and 13.7 per cent YoY, respectively. China was the biggest importer of Vietnamese cement and clinker in 2020, importing 22.2Mt worth US$759.4m, accounting for 57 per cent of the total export... |
Holcim Philippines to invest PHP121.5m in AF resources15 January 2021, Published under Cement NewsHolcim Philippines has allocated PHP121.5m (US$2.5m) of funds to improve its alternative fuels processing facility at its plant in Norzagaray, Bulacan, by 2022. The investment will be used to improve the efficiency of its shredding operations, establish new equipment, and upgrade storage and feeding facilities at the plant. "This investment ensures we can continue being a reliable partner in the country's sustainable development, while also meeting our objectives of making our operatio... |