Cement News tagged under: Asia
Pakistan dispatches rise 9.5% in first seven months05 February 2015, Published under Cement NewsPakistan cement dispatches over the first seven months of the current fiscal increased by 6.18 per cent to 20.22Mt compared with 18.86Mt in the same period of the previous year, boosted by local sales. "The most pleasant aspect of this growth is that it is led by domestic consumption which increased by 9.45 per cent during this period" a spokesperson for the All Pakistan Cement Manufacturers Association (APCMA) said. Dispatches from the north rose by 10.63 per cent to 12.95Mt versus 11... |
Vicat increases cement shipments by 13.7%04 February 2015, Published under Cement NewsVicat's turnover improved by six per cent in 2014 to €2423m, which translates into an underlying increase of eight per cent on a like-for-like basis. Turnover in cement advanced by 13.7 per cent to €1261m, or €1483m before deducting inter-group transfers. Aggregates and concrete sales declined by 1.8 per cent to €860m, while other activities saw turnover edging ahead by 0.3 per cent to €301m. Cement accounted for 53.7 per cent of turnover, up from the 50.6 per cent shown in the previ... |
Pakistan monthly sales up 11% YoY08 December 2014, Published under Cement NewsPakistan’s cement dispatches rose by 11 per cent YoY in November 2014 to 3Mt largely thanks to higher domestic demand and exports from the northern region. According to the All Pakistan Cement Manufacturers Association (APCMA), consumption in the north rose by 13 per cent YoY whereas in the south the increase was just two per cent. Exports during the month improved by 10 per cent YoY, driven by a 14 per cent rise in dispatches from northern-based plants. This came as welcome news as d... |
Strategic Sri Lankan tie-up05 December 2014, Published under Cement NewsSri-Lanka based Fuji Cement, a subsidiary of Tokyo Cement which functions as an independent company, is to merge with its parent company and become a single entity with effect from February 2015. Following the merger, the new entity will be named Tokyo Cement Company Lanka Plc. For the merger the companies will cancel the status capital and asset and liability of Fuji Cement and are now waiting for the Company Registrar's approval to go proceed. Tokyo Cement is a joint venture between... |
Pakistan sees strong increase in August export growth26 September 2014, Published under Cement NewsPakistan recorded an acceleration in exports during August 2014 against the previous month and were also higher on an annual comparative basis. Exports during August 2014 reached 984,039t – a rise of 76.62 per cent compared to the month before. Revenues were also 76.84 per cent higher at US$57.648m compared to July 2014. On an annual basis, volumes and revenues increased by 23.42 per cent and 28.74 per cent, respectively, July-August 2014 data However, exports during the first t... |
Lucky boosted by higher volumes and pricing03 September 2014, Published under Cement NewsPakistan’s largest cement producer, Lucky Cement, reported a net profit of PKR11.3bn (US$110.34m) for the fiscal ending 30 June 2014, up 16.4 per cent compared to PKR9.7bn in the previous year. Earnings growth was primarily supported by higher sales volumes and prices during the period. On a quarterly basis, earnings grew four per cent QoQ to PKR3.15bn. Revenue increased 14 per cent YoY to PKR43.08bn during FY14 because of a nine per cent rise in sales volumes to 6.62Mt and a 14 per ce... |
Holcim expansion project complete, Bangladesh30 June 2014, Published under Cement NewsHolcim Bangladesh has completed expansion of its Meghnaghat grinding plant, achieving an additional capacity of 0.7Mta. The investment included installation of a 110tph closed circuit ball mill, a 0.7Mta electronic packer, a bulk loading system, 30,000t clinker storage unit and pneumatic fly ash unloader Aidan Lynam, corporate Functional Manager in charge of the technical support for South Asia, who also oversees Holcim’s activities in Bangladesh and Sri Lanka, travelled to Dhaka City... |
Pakistan FY14-15 Budget set to positively impact on the cement sector04 June 2014, Published under Cement NewsPakistan’s FY14-15 Budget, announced yesterday by Finance Minister Ishaq Dar, is being regarded as largely positive for the country’s cement industry as it includes a number of infrastructures and energy-related projects which look set to spur demand. It is hoped that a 24 per cent increase in higher Public Sector Development Programme spending (PSDP), investments in irrigations, improving the road network and housing projects will accelerate cement demand from the current growth rate of t... |
Semen Indonesia targets Bangladesh acquisition03 June 2014, Published under Cement NewsSemen Indonesia is looking to acquire a cement plant in Bangladesh to strengthen its position in the Asian market. President director, Dwi Soetjipto, told local press that it hopes to complete the purchase later this year or early in 2015. The factory in question is reported to have a capacity of 06.-1Mta. It is also planning to strengthen its regional grip by acquiring a cement company in Myanmar, the process of which is expected to be completed in July. In 2012, Semen Indoensia make it... |
Singha's Sri Lanka terminal on track for 2015 completion26 March 2014, Published under Cement NewsSingha Cement’s new state-of-the-art Sri Lankan cement terminal is on track for completion next year, doubling the company's existing capacity. “The reason for this expansion is to meet the high demand for Singha cement in the country as well as to provide an enhanced, quality service to our customers,” Colin Nelson, managing director of the company, told Lanka Business Today. Singha Cement, part of the Italcementi Group, currently operates a land based terminal at Peliyagoda in Colombo, f... |