Cement News tagged under: southeast asia
Ha Tien Cement's net profit halves to VND160bn25 July 2022, Published under Cement NewsHa Tien Cement JSC’ s ( Vicem group ) net profit halved YoY in the 1H22 to VND160bn (US$6.8m) due to higher fuel and additive costs. The company says prices of key inputs like coal, oil and gypsum increased sharply, pulling down profits. It reported revenues of VND4.34trn (US$184.8m), up 8.5 per cent. The military conflict between Russia and Ukraine, and the embargo by the West have caused global coal, oil and gas crises. According to the Vietnam National Cement Association, coal account... |
Cautious growth forecast for Indonesia22 July 2022, Published under Cement NewsIn the first three months of 2022, Indonesia's cement market expanded by 4.8 per cent to 15.594Mt when compared with the equivalent period in 2021, when demand stood at 14.873Mt. In January Indonesian cement producers supplied 5.4Mt of product to the domestic market, up 10.1 per cent YoY. However, this robust growth faded as the quarter progressed with the market absorbing 4.727Mt in February, representing an increase of two per cent YoY, and deliveries in March increasing 2.5 per cent YoY t... |
CEMEX gives Solid Cement expansion project update22 July 2022, Published under Cement NewsCEMEX Philippines is building a US$356m new integrated cement line in its Solid Cement plant in Antipolo City, Rizal, Philippines, to raise the plant’s annual capacity by 1.5Mta to 3.4Mt, and position itself to supply more for the nation’s infrastructure programmes and building needs. CEMEX Philippines President and CEO, Luis Franco, said that “this expansion project will not only meet infrastructure needs, but will also increase the growth and development opportunities in the com... |
Vietnamese market sees 4% contraction in June19 July 2022, Published under Cement NewsDomestic cement dispatches in Vietnam slipped one per cent MoM and four per cent YoY to 5.590Mt in June 2022, according to the Vietnam National Cement Association (VNCA). Of this total VICEM deliveries delivered 1.922Mt – up four per cent YoY but down two per cent MoM, while other VNCA members supplied 1.373Mt, seeing their sales slip by four per cent YoY and one per cent MoM. Vietnam’s other cement companies reported stable sales of 2.295Mt, when compared with last month, but YoY sales were... |
Bedeschi opens a Hong Kong office19 July 2022, Published under Cement NewsBedeschi is proud to announce the opening of the new branch in Hong Kong. Bedeschi Far East Ltd has the mission to assist the local customers and to support the Far East market both for the commercial topics and for the technical matters, said the company. Michele Gatto is the managing director of the new subsidiary in Hong Kong. During the past decades Bedeschi has consolidated its market in the Far East as in China and Taiwan, Vietnam, Philippines, Singapore, Indonesia and Malaysia, Kor... |
PT Cemindo Gemilang barge breaks and spills clinker15 July 2022, Published under Cement NewsA barge loaded with clinker has been severely damaged in the middle at the wharf of a cement factory owned by PT Cemindo Gemilang located in Bayah district, Lebak regency, Banten, Indonesia. The barge was loaded with about 8000m 3 of clinker and suffered a fracture in the middle of the hull after loading on 11 July 2022. As a result of the broken barge, thousands of tonnes of clinker spilled onto the Bayah coast. The barge was evacuated for rescue by the TB Johan Jaya 130 assist t... |
Taiwan Cement and Chia Hsin see June revenue increase13 July 2022, Published under Cement NewsTaiwan Cement Corp reported a 7.8 per cent increase in revenue to TWD9145.989m (US$306.5m) in June 2022 from TWD8480.821m in June 2021. However, in the first half of 2022 the company’s revenue slipped 3.8 per cent to TWD48,144.732m from TWD50,023.365m. Chia Hsin Cement’ s revenue increased 8.5 per cent to TWD183.177m in June 2022 from TWD168.756m in June 2021. In the first six months of 2022 Chia Hsin’s revenue slipped from 1094.913m in the 6M21 to TWD1027.363m. |
Thai cement demand up 11% in May11 July 2022, Published under Cement NewsDomestic sales of Portland cement in Thailand increased 10.9 per cent MoM to 2Mt in May 2022 but when compared with May 2021, sales were down 16 per cent, according the Office of Industrial Economics. In the January-May 2022 period domestic sales declined 6.6 per cent YoY to 10.4Mt. Exports Exports in the first five months of 2022 declined 6.6 per cent YoY to 10.4Mt. Clinker exports increased 32.2 per cent yoY to 3.3Mt while exports of blended cement were up 24.2 per cent YoY to 68,300t. ... |
Siam Cement plant catches on fire11 July 2022, Published under Cement NewsPT Siam Cement Group ( SCG) factory on Jalan Palabuhan II, Sukabumi Regency, Thailand, has caught fire. The cause of the fire is not yet known. A number of vehicles and firefighters entered the factory area to extinguish the fire. There were no casualties in the incident. The President Director of PT Semen Jawa and PT Tambang Semen Sukabumi, Somchai Dumrongsil, confirmed the fire outbreak. |
Holcim participates in coastal clean-up programme08 July 2022, Published under Cement NewsHolcim and One Earth One Ocean have launched the Circular Explorer in Manila to be part of cleaning coastal areas in the Philippines. The first-of-its-kind 100 per cent solar powered catamaran, the Circular Explorer is designed to recover up to 4tpd of plastic waste to preserve vital marine ecosystems in a sustainable way. In parallel, it is driving an education programme to empower students and local communities as changemakers to take action for people and the planet. Taking a s... |