Cement News tagged under: southeast asia
PT Semen Indonesia to increase packing capacities13 January 2014, Published under Cement NewsPT Semen Indonesia plans to increase its number of packing plants to 30 over the next two years as part of the company's strategy of reducing logistic costs and bringing its product closer to customers. Indonesia's largest cement producer is set to inaugurate a packing plant in Banjarmasin, South Kalimantan, this month, company secretary, Agung Wiharto, told Antara News. "The presence of Banjarmasin's packing plant that will soon be inaugurated in January 2014, will further strengthen the e... |
Semen Indonesia: upbeat on 2014 outlook10 January 2014, Published under Cement NewsPT Semen Indonesia (Persero) Tbk, the holding company for domestic producers Semen Gresik, Semen Padang and Semen Tonasa and Vietnam-based Thang Long Cement, is upbeat on its outlook for 2014 following a positive performance last year. Total group sales, including exports to the end of November reached 23.41Mt, up 14.6 per cent YoY, the company said in a statement. Exports amounted to 317,560t during the period, a staggering 335.3 per cent YoY increase on the 72,950t traded the year befor... |
Lafarge Republic receives “buy” rating on typhoon reconstruction demand09 December 2013, Published under Cement NewsLafarge Republic Inc (LRI) has received a “buy” rating from AB Capital Securities Inc, as post-typhoon reconstruction in the region of Visayas, Philippines, is expected to boost demand. "Aside from increased sales volume due to higher cement production and cement retail prices, we think that LRI's upside will be supported by the steady demand from the construction sector, which should be boosted by the reconstruction efforts in typhoon Yolanda-affected areas," BusinessWorld quoted AB Capi... |
Contract awarded for new East Timor plant05 December 2013, Published under Cement NewsPOSCO E&C Australia Pty Ltd announced it has won a US$350m project to build a cement plant in East Timor. The Timor-Leste Cement plant, owned by BGC (Australia) Pty Ltd, will be situated 120km east of the capital Dili, according to reports by the Korea Economic Daily. POSCO E&C Australia will be responsible for the whole process from engineering to procurement and construction. The length of the project will be 34 months. East Timor has made considerable progress since independence from... |
Vietnam: Jan-Nov cement sales increase03 December 2013, Published under Cement NewsVietnam has reported a double-digit rise in sales over the first 11 months of the year, with exports up 63 per cent YoY. A total of 55.2Mt of cement was sold over Jan-Nov 2013, up 13 per cent from a year earlier, Le Van Toi, director of the Building Material Department, said. The volume included 12.5Mt of cement and clinker exports. The main export destinations were the Middle East, Africa, as well as some other Southeast Asian markets. Cement prices remained unchanged since the Sept... |
Indonesia sales growth slows, Jan-Sept10 October 2013, Published under Cement NewsIndonesian sales growth has slowed over the first nine months of this year despite hitting a monthly record in September. Data from the Indonesian Cement Association (ASI) showed that domestic sales totalled 41.58Mt between Jan-September 2013, an increase of 5.3 per cent compared to 39.48Mt in the same period of last year. The YoY growth in the first nine months was lower than the 7.5 per cent growth recorded in the same period of last year. It was also slower than the 5.7 per cent adva... |
Ramco eyes Myanmar plant construction09 August 2013, Published under Cement NewsIndia-based Ramco is planning to set up a cement factory in Myanmar. “Our company has been jointly working with Agro Coro International Pte Ltd to import cements from Ramco for six months. We are now in discussions with respective officials to establish the factory,” a source told local press. Interest in Myamnar’s cement industry has been increasing as the country opens up to the world after 50 years of military rule into a newly-born democracy. Currently there are 14 cement plants and 25... |
Vietnam first-half sales update11 July 2013, Published under Cement NewsFor the first six months of the year, Vietnam sales were 22.68Mt, according to latest data from the Ministry of Construction (MoC). The amount represents 46.8 per cent of the full-year target, the MoC added. Output stood at 24.7Mt, making up 44.1 per cent of its whole year target. In June, Vietnam’s cement output stood at 4.3Mt, down 14.51 per cent from May. The country’s domestic cement sales also plunged in the period due to the rainy season in the southern region. With overcapacit... |
Siam Cement Group to begin Myanmar plant construction in 2H1306 June 2013, Published under Cement NewsSiam Cement Group of Thailand plans to kick start construction of a greenfield cement plant in neighbouring Myanmar in the second half of this year, having received regulatory approval. The 1.7Mta cement factory has been given the go-ahead by the Myanmar Investment Commission (MIC), allowing the Thai conglomerate to begin construction as soon as the investment value is finalised by SCG's board, according to president and chief executive KanTrakulhoon. The investment value is expected to b... |
Calls for a review of Vietnam's cement industry master plan20 March 2013, Published under Cement NewsVietnam’s Building Materials Association has used the Ministry of Construction (MoC) to adjust the master plan for the cement industry for the 2011-20 period and has suggested a series of measures to ease the current surplus situation. The move follows a rising inventory following increases in capacity and lower domestic demand. Current inventory is estimated to reach 25Mt by 2015 and 40Mt by 2020. The association has therefore proposed the government halt nine small cement projects and r... |