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 for...
South Asia
300 posts · Page 24 of 30
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 ...
Steppe Cement announces alternate directors
Steppe Cement has announced that Gan Chee Leong and Charles Tingey have been appointed as alternate directors to the CEO, Javier del Ser Perez, and independent non-executive di...
PhilCement responds to standards compliance claim
The Cement Manufacturers of the Philippines (CeMAP) has reported a potential standards compliance issue against PhilCement Corp to the country’s Department of Trade and Industr...
Quang Ninh to delist 38.72m shares
Vietnam’s Hanoi Stock Exchange (HNX) has announced that it will delist 38.72m shares of Quang Ninh Construction & Cement on 29 September. The stock of QNC will have 28 Septembe...
Vietnam's cement and clinker exports rise in August
Vietnam exported 4.2Mt of cement and clinker worth US$148.3m in August, rising 31.4 per cent MoM in volume and 24.3 per cent in value, according to the General Department of Vi...
Indonesia's cement production forecast to fall 17% YoY
Indonesia's cement production is likely to fall further in 2020, as a result of Jakarta's second lockdown, according to the Japanese investment bank, Nomura. The bank has cut i...
Indonesian cement market contracts 16% in July
Cement demand in Indonesia declined 16.3 per cent YoY to 5.3Mt in July 2020, according to the Indonesian Cement Association (ASI). The market of Sulawesi saw the largest cont...
Vietnam reports surge in exports in July
Cement sales in Vietnam fell eight per cent YoY but edged up by two per cent to 5.335Mt in July 2020, according to the Vietnam National Cement Association (VNCA). Of this total...
Ha Tien 1 Cement sees revenue down 14%
Vietnam’s Ha Tien 1 Cement JSC has seen its net revenue decline 14.1 per cent YoY to VND2035bn (US$87.1m) in the second quarter of 2020. Gross profit posted a minor decline of ...