CBMI progresses Solid K4 project despite pandemic
CBMI Construction Co Ltd (Sinoma) are pressing ahead with the Cemex Solid K4 New Line Project in the Philippines, despite the COVID-19 pandemic. Manila has received regular lock...
Southeast Asia
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Malaysia’s CMS posts 284% rise in 2Q net profit
Malaysia-based Cahya Mata Sarawak Berhad (CMS) reported a 32.3 per cent rise in 2Q revenues from MYR139.878m in the 2Q20 to MYR185.001m in the 2Q21. Profit before tax tripled fr...
CeMAP records rising cement imports from Vietnam
The Cement Manufacturers Association of the Philippines, (CeMAP) Inc said Vietnam's cement exports to the Philippines rose 17 per cent YoY to 2.51Mt in the first four months of ...
Vietnamese exports slip 2% in July
Total cement and clinker exports from Vietnam declined two per cent YoY in July 2021, according to the Vietnam National Cement Association (VNCA). The country’s cement producers...
Dongwu Cement reports surge in 6M profit
Dongwu Cement reported a 30 per cent rise in unaudited revenues to CNY227.8m (US$35.1m) in the first six months of 2021, up from CNY174.8m in the 6M20. The company’s gross profi...
Vietnam sees 8% drop in July domestic sales
Cement sales in Vietnam in July 2021 declined eight per cent YoY to 4,964,884t and by 19 per cent from 6,095,139t in June 2021, according to the Vietnam National Cement Associat...
Top two Indonesian cement producers evolve growth strategies
This week, CemNet featured a plethora of half-yearly financial reports from leading cement producers, including Semen Indonesia Group (SIG). SIG operates in a domestic market wi...
Semen Indonesia Group sees 1H EBITDA up 2%
Semen Indonesia Group (SIG) reported a 1.2 per cent uptick in revenue to IDR16.213bn (US$1.13m) in the 1H21 from IDR16.026bn in the 1H20. The increase in revenue was mainly due ...
Further price hikes coming for Malaysia's cement industry
Malaysia's cement sector is expected to see further cement price hikes, according to AmBank Research. AmBank Research also projects the average net cement selling price in Penin...
Holcim Philippines reports successful 1H21
Holcim Philippines posted net sales of PHP13.661m in the first half of 2021, up 19.6 per cent when compared with PHP11.419m in the 1H20. Operating EBITDA increased to 3.151m in ...