Cement News tagged under: southeast asia
Taiheiyo to build new terminal in Philippines22 August 2023, Published under Cement NewsJapan-based Taiheiyo Cement Corp (TCC) will build a new cement terminal in Calaca, Batangas, Philippines, to enable the company to serve the Luzon market from its pant in San Fernando, Cebu. Taiheiyo Cement Philippines Inc (TCPI) will build and operate the planned hub to distribute its Grand-branded cement products, according to TCC President and Representative Director, Masafumi Fushihara. The 0.7Mta project is the next step in serving a market that TCPI has estimated to have increase... |
Mayur appoints CEO of Central Lime Project21 August 2023, Published under Cement NewsMayur Resources Ltd of Papua New Guinea has appointed John McBride as CEO of the company’s Central Lime project. Mr McBride has extensive technical, operational and commercial experience in global materials companies. He was the CEO of Sibelco’s Lime Division and most recently president of APAC at lime company Graymont. Mayur’s Managing Director, Paul Mulder, said: "We are excited to have attracted talent of the calibre of John to lead our Central Lime Project. John’s industry, developmen... |
Vietnam's producers struggle for profitability18 August 2023, Published under Cement NewsSoutheast Asia is becoming a difficult market for cement producers to make a profit. Surging production costs, sluggish consumption, and reduced prospects at home and abroad stifled any chance of high margins in the 1H23. Meanwhile, export markets are becoming more restricted. On top of China's reduction of imports, Australia has started to review the possibility of a cross-border adjustment mechanism (CBAM) implementation following Europe's lead to protect against carbon leakage. Domest... |
Vietnamese market contracts by 18% in July18 August 2023, Published under Cement NewsCement sales in Vietnam declined by 18 per cent to 4,655,526t in July 2023 when compared with July 2022, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sales fell by 18 per cent to 1,437,107t while other VNCA members sold a combined 968,419t, down 24 per cent YoY. Non-members saw sales drop by 16 per cent YoY to 2,250,000t. Total exports advanced by 26 per cent YoY to 2,790,355t in July 2023. Cement exports were up 23 per cent YoY in the period with non-V... |
IKN supplies two coolers to Vietnam14 August 2023, Published under Cement NewsIKN has been working on two construction sites in Vietnam in Dai Duong and Thanh Thang where two new IKN coolers are currently being erected. Similar in size, these coolers are designed for producing 7500tpd of clinker and will be ready for commissioning end of this year. “ These new production lines will enable the customers to produce cement more efficiently and sustainably and expand their reach in the growing market,” claims IKN. |
Indonesia remains gripped by cement overcapacity11 August 2023, Published under Cement NewsThis week Indonesia's Ministry of Industry addressed the growing issue of overcapacity in the cement sector by implementing a new moratorium policy and new investment arrangements. At the same time, the industry is transitioning to more sustainable cement production as it targets a net zero future. Ignatius Warsito, director general of the Chemical, Pharmaceutical and Textile Industry (IKFT) of the Ministry of Industry, explained the condition of overcapacity of the cement industry is prese... |
Borneo Cement (Sabah) to complete 1.75Mta capacity project by 3Q2504 August 2023, Published under Cement NewsFollowing a joint venture agreement between Sabah Economic Development Corp (Sedco) and Sri Alam Setia Sdn Bhd that will see the creation of Borneo Cement (Sabah) Sdn Bhd, a new integrated cement plant will be built in Pinangah, Tongod, Malaysia. The new plant will be able to produce 5000tpd of clinker and 1.75Mta of cement. With Sabah’s market demand currently at 1.4Mta it is expected that the plant will also serve other markets. A memorandum of agreement has been signed between the ne... |
Siam City Cement posts 1Q23 revenue of THB1188m in Vietnam26 July 2023, Published under Cement NewsThailand-based Siam City Cement Co (SCCC) has posted a revenue of THB1188m (US$34.5m) from its Siam City Cement Vietnam business in Vietnam in the first quarter of 2023. This represents a 33.6 per cent YoY drop. EBITDA of the Vietnamese operations was -THB52m in the 1Q23, compared with THB371m in the 1Q22. As a result, the EBITDA margin declined from 20.7 per cent in the 1Q22 to -4.4 in the 1Q23. However, signs of recovery have been seen, according to the company, with moderate growt... |
Cement sales in Vietnam down 22% in June24 July 2023, Published under Cement NewsCement sales in Vietnam declined 22 per cent YoY to 4.789Mt in June 2023, according to the Vietnam National Cement Association (VNCA). Of this total, 1.420Mt was sold by VICEM, which saw its sales fall by 26 per cent. Other VNCA members sold a combined 0.991Mt, down 28 per cent YoY while non-VNCA members sold 2.378Mt, down 17 per cent YoY. Total exports in June 2023 increased by 97 per cent YoY to 2.705Mt, of which 1.884Mt were cement exports, up 60 per cent YoY. Clinker exports in June 20... |
Siam Cement receives world's largest battery production facility28 June 2023, Published under Cement NewsRondo Energy, in partnership with Siam Cement Group (SCG),has announced plans for the world's largest battery production facility of any kind at 90GWh/year, with 2.4GWh/year already online. This is a game-changer in the world of decarbonisation technologies, resulting in carbon savings equivalent to removing 4m cars from the road each year (or adding 2m EVs), claims Rondo Energy. "Rondo Energy, developer of the Rondo Heat Battery, announced it has partnered with Siam Cement Group to ... |