Holcim Philippines reports 81% rise in net income
Holcim Philippines reported an 81 per cent rise in net income to PHP909.35m (US$18.79m) in the first quarter of 2021, compared to PHP501.54m in the year-ago period. However, ...
South Asia
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Malaysia: budget for the future
Malaysia’s cement market has seen consumption slow in recent years due to political uncertainty and a mature residential market. Although COVID-19 stifled output in the 1H20, a...
Eagle Cement reports 30% fall in net sales
Philippine-based Eagle Cement Corp has reported a net income of PHP3.4bn (US$70.02m) in 2020, down 44 per cent YoY as a result of lockdown measures imposed in mid-March. "Th...
China's imports from Vietnam rise 36%
China, the Philippines and Bangladesh were the biggest importers of Vietnamese cement in the first two months of 2021, according to the General Department of Vietnam Customs. ...
Vietnam's cement sales set to rise 2% in 1Q21
Vietnam is expected to sell 8.87Mt of cement in March, up 1.5 per cent YoY, according to the latest data from the Department of Building Materials under the Ministry of Constru...
New 2Mta plant planned for Cambodia
Cambodia’s Conch KT Cement (Phnom Penh) plans to build a US$263m cement factory in Aoral, Kampong Speu province, with a 2Mta capacity, according to the Phnom Penh Post. Conc...
Philippines expands import safeguard measures
The Philippines has expanded the list of countries covered in its cement import safeguard measures. The amendment was based on the Department of Trade and Industry’s annual rev...
PT Semen Padang announces export volumes
Indonesia’s PT Semen Padang has announced its export volumes of cement and clinker in January and February 2021. The deliveries were made to the Maldives, Australia and Banglad...
Vietnam sees cement and clinker exports rise 16%
Vietnam exported 2.7Mt of cement and clinker worth US$98m in February, up 16.8 per cent and 4.8 per cent YoY, respectively, according to the country’s General Statistics Office...
Holcim Philippines sees 43% fall in net profit
Holcim Philippines has reported a 42.5 per cent decline in net profit to PHP2.07bn (US$42.72m) for 2020, alongside a 22.3 per cent YoY fall in sales to PHP26.02bn from PHP33.49...