PT Indocement Tunggal Prakarsa sells 4Mt of cement in 1Q21
The 1Q21 cement sales of PT Indocement Tunggal Prakarsa Tbk have seen a pick up. Indocement Director and Corporate Secretary, Antonius Marcos, said that in March 2021, the com...
Southeast Asia
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Vietnam prices up as costs increase
Selling prices of cement in Vietnam have recently increased by VND30,000-40,000 (US$1.29-1.72)/t as production costs have increased, according Luong Duc Long, vice president an...
Vietnam sales slip 9% in March
Cement sales in Vietnam slipped nine per cent YoY to 5.903Mt in March 2021, according to the Vietnam National Cement Association (VNCA). Sales by VICEM and its affiliates were ...
Malayan Cement Bhd to repay borrowings with share placement
Malayan Cement Bhd is expected to raise MYR226.95m (US$55m) mainly to repay bank borrowings via a proposed placement of up to 85m shares, representing 10 per cent of the compa...
Vietnam’s cement and clinker exports up 22%
Cement and clinker exports increased by 22.5 per cent YoY to over 8Mt in the year up to 15 March 2021, according to the latest data from the General Department of Vietnam Custo...
Vietnamese cement market expands 77% in January
Cement deliveries in Vietnam surged 77 per cent YoY to 5.079Mt in January 2021. However, MoM they fell by 16 per cent, reports the Vietnam National Cement Association (VNCA). O...
Cahya Mata Sarawak sees gradual increase in cement demand
Malaysia-based Cahya Mata Sarawak Bhd (CMS) can expect an improved financial performance this year, given the anticipated gradual recovery in the demand for building materials...
Semen Indonesia records 4Q20 results earnings of IDR1.25trn
PT Semen Indonesia (SMGR) booked 4Q20 earnings of IDR1.25trn (US$87.5m), up 35 per cent YoY, bringing 2020 earnings to IDR2.8trn, a rise of 17 per cent YoY, helped by lower i...
Two Indonesian producers expect 3-4% cement volume increase in 2021
PT Semen Indonesia (SMGR ) and Indocement Tunggal Prakarsa (INTP) expect domestic cement volume to grow 3-4 per cent YoY in 2021. This could be achieved through a recovery in ...
YTL Corp Bhd's net profit rises to MYR16m
YTL Corp Bhd’s net profit jumped to MYR16.09m (US$3.9m) in the 2QFY21, ended 31 Dec 2020, from MYR1.29m in the preceding quarter, thanks to a strong showing by its multi-utili...