Eagle Cement Corp to consolidate raw material supply chain
The board of Philippines-based Eagle Cement Corp has approved the 100 per cent purchase of affiliate limestone quarrying firm, Solid North Mineral Corp (SNMC), in a PHP3.57bn (...
South Asia
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Eagle Cement announces 181% rise in net income
Philippines-based Eagle Cement has posted a 181 per cent YoY increase in net income to PHP3.7bn (US$73.08m) in the first half of 2021, against PHP1.32bn in the corresponding pe...
Siam Cement records 83% increase in net profit
Thailand’s Siam Cement has seen an 83 per cent increase in net profit to THB17.14bn (US$512.4m) in the second quarter of 2021, supported by its chemical and packaging businesse...
Vietnam considers higher cement export tariff
Vietnam’s Ministry of Finance (MoF) has reportedly proposed that the government consider increasing the export tariffs for clinker to 10 per cent from five per cent, according ...
Holcim Philippines invests to improve sustainability
Holcim Philippines is set to invest PHP210m (US$4.18m) in projects to reduce the fuel consumption and increase mineral additive usage at its cement plants in Bacnotan, La Union...
Siam Cement Group targets digital platform and machine efficiency upgrades
Siam Cement Group (SCG) is maintaining its investment budget at THB65-75bn (US$2.04m-2.36m) for the second half of this year even though the third wave of the pandemic has ...
Vietnam’s export boost
Vietnam’s total cement and clinker sales expanded by 0.9 per cent YoY in 2020 to 97.5Mt, according to FiinGroup. Of this total, domestic cement consumption was 62.1Mt, declini...
Indonesia’s face of recovery
COVID-19 restrictions disturbed the Indonesian cement market last year, with demand and utilisation levels falling as the country continues to exhibit a significant capacity ov...
Vietnam market expands 16% in April
Cement dispatches in Vietnam reached 6.551Mt in April 2021, up 16 per cent YoY, according to the Vietnam Cement Association (VNCA). VICEM reported a 17 per cent YoY rise in sal...
Lami cement plants warned of need for local correspondence on emissions
Cement companies in Lami, Fiji, have been urged to hold virtual meetings with the residents. Permanent Secretary for Environment, Joshua Wycliffe, says this will ensure that th...