Cement News tagged under: Asia
Vicat sees growth in Asia and in the USA06 November 2013, Published under Cement NewsVicat's turnover for the first nine months of the year improved by a modest 0.6 per cent to EUR1740m, which represents an underlying advance of 3.2 per cent. The gearing level increased to 51.3 per cent at the end of September compared with 47.6 per cent a year ago. The expansion in Asia has been the main reason for the increased debt levels in recent years, but it is below the 53.3 per cent seen at the end of June. Turnover in cement was 2.8 per cent ahead at EUR855m, which represented 51... |
CRH opens regional headquarters in Singapore17 October 2013, Published under Cement NewsCRH announced the official opening today of its regional headquarters in Singapore, to oversee the expansion of its existing interests in India and China, and to pursue further development opportunities in the wider Asia region. Commenting on the opening, Ken McKnight, President of CRH Asia said:“ The opening of our regional headquarters in Singapore today marks a further step in the evolution of CRH and an important catalyst for growth in Asia in the medium term. CRH entered the China ma... |
Exploring Asian advances19 July 2013, Published under Cement NewsCemtech Conferences and Exhibitions successfully held its annual event dedicated to Asian cement market developments over 24-27 June 2013 in Jakarta, Indonesia, one of the most active and dynamic cement markets in the region. Kindly supported by the Indonesian cement association (ASI), the meeting attracted over 200 cement professionals with some 30 regional cement companies represented. This report features a snapshot of just some of the highlights of this year’s event which included a two-... |
Nepal billionaire plans new Sri Lanka factory21 May 2013, Published under Cement NewsNepal's first Forbes billionaire, Binod Chaudhary, plans to set up a state-of-the-art cement plant in the high growth-market of Sri Lanka. Quoting a statement issued by Chaudhary's office, the Daily Mirror said in its online edition that Chaudhary has submitted a proposal to the Sri Lankan government to set up a cement plant in the Jaffna Peninsula at a cost of US$75m. According to the press statement, Chaudhary expressed confidence that Sri Lanka is on the threshold of a dynamic p... |
Cemex sees Malaysian market growth ahead30 September 2012, Published under Cement NewsCemex Concrete (M) Sdn Bhd (Cemex Malaysia) is doubling its capital expenditure this year as the continuation of infrastructure building activities would be sufficient to sustain the demand for building materials, according to country director Fikry El-Kaissouni. "There has been steady growth in the Malaysian construction market. This is something that gives comfort to large companies like Cemex [Malaysia] to enter the market," El-Kaissouni told The Edge Financial Daily. "Malaysia is a ... |
JPMorgan Raises Holcim To Overweight20 September 2012, Published under Cement NewsJPMorgan Cazenove raises Holcim to overweight from neutral and lifts its price target to CHF70 from CHF56.50 on the notion that the 2Q uptick in emerging market margins could be the start of a longer run for cement sales in those markets. "Its emerging markets business is seeing margins on the turn driven by rising prices, less new capacity and relatively stable energy costs," says analyst Michael Morris. "Its portfolio gives it better access to Asia and Latin America which in the near term ... |
Holcim: realising growth potential whilst cutting costs10 September 2012, Published under Cement NewsHolcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland. While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne... |
Cemtech Asia 201220 July 2012, Published under Cement NewsFollowing the resounding success of conferences held in Singapore, Bali and Jakarta, Cemtech Asia has secured its position as the leading annual meeting place for cement producers in Asia. Read a full conference report of the recent Cemtech Asia 2012 event held in Jakarta, Indonesia, in June. Guest of Honour, Mr Panggah Susanto, director general, Ministry of Industry, formally opens Cemtech Asia 2012 Conference and Exhibition. Left to right: Thomas Armstrong of Cemtech Conferences, AS... |
Citigroup lowers Italcementi price target, Italy09 July 2012, Published under Cement NewsCitigroup has lowered its price target on Italcementi to EUR3.60 from EUR4.10, after cutting by 15% the pre-tax profit estimates for the Italian cement producer in 2012 and 2013. The prices and figures in Italy grew despite the weak market conditions but the dipping sales in France lead the bank to expect lower figures in 2012 than in 2011, Citigroup commented. The higher prices in North America are expected to raise Italcementi's profit on the market both in the first half and full-201... |
23rd AFCM Technical Symposium & Exhibition05 January 2012, Published under Cement NewsThe 23rd AFCM Technical Symposium & Exhibition will take place on 23-26 April 2012 at the Sunway Resort Hotel & Spa, Petaling Jaya, Malaysia. With a focus on cement industry challenges and opportunities, themes to be discussed include technology advances, environmental protection, production efficiency, alternative fuels, maintenance strategies, sustainable development and much more. A three-day exhibition will run concurrently with the symposium for companies to showcase their latest... |