Cement News tagged under: Asia
Factory in the forest04 June 2024, Published under Cement NewsAt its 5Mta Hualien plant in Taiwan, Asia Cement showcases its new circular economy solutions as well as its biodiversity restoration programme. The company’s drive for sustainable operations ranges from finding safe ways to dispose of waste wind turbine blades and refrigerants to quarry restoration and the creation of its own ecological park. By Chih-Hsien, Yu-Chung Tseng and Ting-Yun Lai, Asia Cement, Taiwan Asia Cement has actively invested in kiln technology to dispose of refrig... |
Indonesia: strengthening its green agenda03 June 2024, Published under Cement NewsAs the Indonesian cement market returns to growth, driven by an expanding economy, the country’s cement industry is developing its plants to become more sustainable. By ICR Research, UK Indonesia’s industry leaders are putting initiatives in place to make the cement industry more sustainable Indonesia has maintained seven consecutive quarters of growth above five per cent YoY. In line with market expectations, the economy expanded by 5.04 per cent in the last quarter of 2023... |
Vietnam’s cement output rises 1.9% YoY in 5M2430 May 2024, Published under Cement NewsVietnam’s General Statistics Office (GSO) has announced that the country’s cement production totalled an estimated 75.7Mt in the January-May 2024 period. This represents a 1.9 per cent YoY increase in production, compared to the same period in 2023. In May alone, the country is expected to have produced an impressive 17.4Mt, marking a YoY increase of 7.3 per cent. This trend of increased production could suggest a turnaround in the industry, as the country produced just 120.1Mt in 20... |
UltraTech Cement announces plans to acquire 31.6% stake in RAK Cement28 May 2024, Published under Cement NewsUltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). A partial acquisition cash offer was made by the company on 27 May for over 158,049,610 shares of RAKWCT's issues and fully-paid capital. The acquisition will be executed by UltraTech Cement Middle East Investments Ltd (UCMEIL), the UAE-based subsidiary of the Indian ce... |
Ramco Cements posts 4QFY24 results24 May 2024, Published under Cement NewsIndia-based Ramco Cements Limited (TRCL) has announced its financial results for the 4QFY24, reporting a 20 per cent decline in its standalone net profit after tax to INR1210m (US$14.54m), compared with INR1520m in the same period a year prior. The reduction in profit has been attributed to cost pressures. The company’s net revenue increased to INR26.87bn in Q4FY24. For the year ending 31 March 2024, the company’s net profit rose by 14.8 per cent from INR3.44bn to INR3.95bn. Meanwhile, ... |
Yong Concrete PCL announces two new plants in Rayong24 May 2024, Published under Cement NewsThailand-based Yong Concrete PCL has announced plans to build two new facilities in the country. Themove comes in response to rising demand in the Eastern Economic Corridor (ECC), and is aimed at offsetting market slowdown and government budget delays. Sunpetch Slisatakorn, CEO, said that one of the planned facilities will produce ready-mix concrete in the Nong Bua sub-district in Rayong’s Ban Khai district. An investment of THB10m (US$273,726) will be needed to commission the plant... |
Southeast Cement Corp’s disappointing 1Q24 results13 May 2024, Published under Cement NewsTaiwan-based cement producer, Southeast Cement Corp Ltd, has reported its 1Q financial results for the period ending 31 March. The company saw a 9.3 per cent YoY increase in revenue, from TWD528.05m (US$16.29m) in 1Q23 to TWD576.89 in 1Q24. Pretax profit also rose by an impressive 178 per cent during this period, from TWD19.51m to TWD54.24m. Despite these positive trends in revenue and pretax profit, the company’s net profit fell 16.2 per cent from TWD34.09m to TWD28.58m. Furthermore,... |
ERP for increased cement industry efficiency30 April 2024, Published under Cement NewsEnterprise resource planning (ERP) brings together the myriad of data flows in a cement company, enabling staff to make informed decisions on how to manage operations. This article provides an overview of the benefits to be gained. By Karthikeyan Selvarathinam, Ramco Systems Ltd, India. W ith the cement sector expected to show a CAGR of 5.4 per cent in the next five years, the industry is forecast to supply a US$498.23bn market by 2028. However, significant socio-political, macro-economi... |
UltraTech agrees to acquire India Cements grinding facility23 April 2024, Published under Cement NewsIndia’s leading cement producer, UltraTech Cement , has agreed to purchase a 1.1Mta grinding facility in Parli in Maharashtra for INR3.15bn (US$37.8m) from India Cements Limited . UltraTech, a subsidiary of the Aditya Birla Group, will also invest INR5.04bn to expand its total capacity by 3Mta, including the Parliament facility. The acquisition of the facility, as part of an asset purchase agreement, includes a captive railway siding. The company has stated that purchase will help ... |
VNCA calls for government intervention in Vietnam cement industry12 April 2024, Published under Cement NewsThe Vietnam National Cement Association (VNCA) has reported that the country’s cement sector is in crisis, as a number of major players are at risk of bankruptcy or foreign acquisition, due to low production and consumption levels. Despite the country’s 61 cement production facilities having a capacity of approximately 117Mta, total consumption was only 87.8Mt in 2023, including a domestic demand of 56.6Mt. The association said, “Domestic cement consumption plummeted by 16 per cent in ... |