Cement News tagged under: Singapore
GCCA announces annual conference07 August 2019, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) has announced that ‘Innovation in Focus’ will be the theme of its annual conference, which takes place at the Sofitel Singapore City Centre on 10 October 2019. "This conference is an important opportunity for the global industry to come together and discuss some of the opportunities and challenges we face. With its key focus on innovation, the conference boasts an exciting programme and demonstrates the cement and concrete industry’s commit... |
Hong Leong Asia looks to complete Tasek Corp takeover29 May 2019, Published under Cement NewsSingapore-listed Hong Leong Asia is looking to take Malaysia’s Tasek Corp private in a deal worth an estimated MYR128.61m (US$30.6m), according to The Edge. The company currently controls 80.8 per cent of Tasek through two subsidiaries, HL Cement (Malaysia) and Ridge Star, and has submitted a voluntary takeover offer to acquire the remaining shares. Together, the subsidiaries hold 97.89m ordinary shares in Tasek, with the takeover involving the remaining 19.2 per cent of ordinary shares ... |
International Cement set to acquire Schwenk Namibia11 March 2019, Published under Cement NewsSingapore’s International Cement Group has entered into a conditional agreement to acquire a 100 per cent stake in Schwenk Namibia Pty Ltd for SGD141.89m (US$104.4m). This amount comprises of US$19.3m for its shares and another US$85.1m for the purchase of its loans, according to the Straits Times. Amongst its assets Schwenk Namibia owns a 69.8 per cent stake in Ohorongo Cement, which operates a 1Mta facility in north Otavi. International Cement noted that instead of building a new plant... |
Kazakh-Singaporean MoU on new plant in Almaty region22 November 2018, Published under Cement NewsA Kazakh-Singaporean business forum held on 21 November provided the venue for a bilateral investment treaty between the two countries as well as some 12 MoUs to establish partnerships. The agreements included an MoU on the construction of a cement plant in the Almaty Region between Kazakh Invest JSC and International Cement Ltd, Alacem LLP, according to Central Asia News. |
Holcim Philippines appoints John Stull as CEO24 April 2018, Published under Cement NewsHolcim Philippines has appointed John Stull, the former chief of LafargeHolcim’s US cement operations, as its new president and CEO with immediate effect. Mr Stull will be replacing Sapna Sood, who recently resigned from her role, according to the company. "I am delighted to join Holcim Philippines at this exciting but challenging time. As the market adapts and becomes faster paced, the company needs to be well positioned to play a key role in the future development of the country with in... |
Delays in offloading clinker at Chittagong following marine incident29 June 2017, Published under Cement NewsDelays in the offloading of clinker have been experienced at Bangladesh's Chittagong Port after bulk carrier Ocean Phoenix, laden with 45,000t of clinker on board, started to drift on the outer anchorage, after her anchor dragged. The vessel then made contact with the anchored stern of bulk carrier Green Phoenix, which was also loaded with 54,500t of clinker. Both vessels sustained damages, and are being surveyed and repaired followed by complete offloading, according to industry sources ... |
SE Asia towards oversupply?20 June 2016, Published under Cement NewsThe southeast Asian cement market has seen rapid demand growth in recent years. Backed by favourable macroeconomic trends, it is likely to remain one of the fastest-growing cement markets. Many cement producers, both local and international, performed very well in this region and are keen to expand their existing capacity, while for others entering these enticing markets has become a priority. By The Jakarta Advisory Group, Indonesia. Fast-growing southeast Asian markets are attractin... |
Taiheiyo Cement's Singapore additions10 June 2015, Published under Cement NewsTaiheiyo Cement, which operates a cement terminal in Singapore through Singapore Cement Manufacturing (SCMC), a joint venture with Singapore-based Hong Leong Asia Ltd, announced the completion of a new 24,000t cement silo at SCMC's cement terminal. Infrastructure investment, including subway and highway construction, is driving the robust cement market in Singapore and fueling demand for low-heat-type cement as a way to prevent thermal cracking in concrete structures with large cross-sect... |
YTL Cement Singapore acquires Sin Heng Chan04 December 2014, Published under Cement NewsYTL Corporation Bhd's YTL Cement Singapore Pte Ltd unit has acquired Sin Heng Chan (Singapore) Pte Ltd for MYR64.969m (S$24.734m). Sin Heng Chan is engaged cement trading with terminal operations, YTL Corp said in a filing in Bursa Malaysia today. It is an importer of bulk cement into Singapore and operates a bulk cement terminal at Jurong Port with a 60,000t storage capacity. The company also manufactures bagged cement. Following this acquisition, Sin Heng Chan (Singapore) becomes a w... |
Lafarge Holcim merger cleared in Singapore08 September 2014, Published under Cement NewsThe Competition Commission of Singapore (CCS) has given Lafarge and Holcim the greenlight to merge their businesses in the country. Holcim Singapore manufactures and supplies ready-mix concrete to customers. Holcim also imports grey cement. Similarly, Lafarge Singapore imports and supplies cement to third-parties in Singapore. Lafarge, through its subsidiary and joint venture partner, manufactures and supplies ready-mix concrete in Singapore. After a public consultation exercise, the CS... |