Eagle Cement Corp sees net sales down 16%
Philippine-based Eagle Cement Corp has reported a net profit of PHP1.4bn (US$28.96m) in the 3Q20, remaining unchanged from the year-ago period. However, its net sales were down ...
South Asia
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Long Son Cement to commission third line in December
The third production line of Vietnam’s Long Son Cement, based in the central province of Thanh Hoa, is expected to be put into operation in December 2020, with a design capacity...
Republic Cement forecasts recovery for next year
Nabil Francis, president and chief executive officer of Philippine-based Republic Cement, expects the country’s cement market to decline by 15 per cent YoY this year, before bou...
Vietnam's export volumes fall 5% in October
Vietnam is estimated to have exported 3.2Mt of cement and clinker worth US$126m in October, down 4.8 per cent in volume and five per cent in value YoY, according to the General ...
Siam Cement reports 57% rise in profit for 3Q20
Thailand’s Siam Cement saw a 57 per cent YoY rise in consolidated net profit to THB9.74bn (US$311.6m) for the third quarter of 2020, with the result attributed to an 80 per cent...
CeMAP appeals the reduction of import safeguard duty
The Cement Manufacturers Association of the Philippines (CeMAP) has submitted an appeal to the Department of Trade and Industry (DTI), asking it to postpone the reduction of the...
San Miguel looks to increase plastic waste consumption
Philippines-based San Miguel Corp (SMC) is reportedly buying more plastic wastes to fuel its cement plants. "It's a more environment-friendly and sustainable alternative to usin...
Construction due to begin on 2.3Mta Dai Duong plant
Vietnam's Ocean Minerals Investment JSC is expected to commence the construction of Dai Duong cement plant on 22 October, with the project representing a total investment of VND...
Raysut Cement acquires 75% stake in Maldives terminal
Oman’s Raysut Cement Co has announced that its has acquired a 75 per cent stake in LafargeHolcim’s cement terminal at Thilafushi Island in the Maldives. As a result, it has form...
Vietnam sees exports rise 14% YoY
In the first eight months of 2020, Vietnam exported more than 23.5Mt of cement and clinker, an increase of 13.7 per cent YoY. The biggest importers were China (12.6Mt), the Phil...