Cement News tagged under: Asia
Italcementi: only Asia shows sales growth in 201307 February 2014, Published under Cement NewsItalcementi's turnover declined by 5.4 per cent in 2013 to EUR4235.4m, or by 2.2 per cent on a comparable basis. Group cement shipments declined by a further six per cent to 43.1Mt and the turnover from cement and clinker was down by 6.4 per cent to EUR2716.8m, with cement volumes lower everywhere other than in Asia and in North America. The concrete and aggregates turnover eased by 2.5 per cent to EUR1248.7m as shipments of aggregates declined by 4.2 per cent to 32.5Mt and ready-mixed co... |
Semen Indonesia eyes further Asian expansion15 January 2014, Published under Cement NewsFollowing the acquisition of a majority stake in Vietnam-based cement producer Thang Long Cement in 2012, Semen Indonesia is now setting its sights on expanding into Bangladesh as well as completing a deal in Myanmar this year. “We will probably acquire grinding mills in Bangladesh [...] but not this year,” Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post. Wiharto also said that Semen Indonesia is looking to acquire a cement company or establish a joint venture i... |
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... |