Cement News tagged under: South Asia
Holcim Philippines appoints new VPs29 June 2020, Published under Cement NewsHolcim Philippines has appointed Edwin Villas as senior vice president logistics after Mr Villas served as officer-in-charge of the department since 2019 concurrent to his role as vice president for sales, Greater Manila Region and South Luzon. He previously held senior Sales leadership roles and served in Procurement and Internal Audit. Villas is a Certified Professional for Supply Management, Certified Information System Auditor and holds a degree in computer science. He also completed the... |
Semen Indonesia eyes expanding export volume in 202024 June 2020, Published under Cement NewsPT Semen Indonesia Tbk remains optimistic that the cement market will improve and to boost its volumes, it will target export markets in 2020. "The addition of capacity allows us to open new markets in the region, with a target of more than 2019," said Semen Indonesia Director of Marketing and Supply Chain, Adi Munandir, during the annual general meeting of shareholders (AGM) in Jakarta on 19 June. Launching last year's sales report, Semen Indonesia booked an export volume of 3.66Mt, up 1... |
PT Semen Indonesia to pay IDR239bn dividend23 June 2020, Published under Cement NewsPT Semen Indonesia Tbk (SMGR) will pay a dividend of IDR239bn (US$16.9m) or 10 per cent of SMGR's net profit in 2019 which reached IDR2.39trn, down 22.3 per cent YoY. Per share, the dividend amounts to IDR9500, representing a yield of 0.42 per cent. "The remaining 90 per cent will be used for other reserves," explained the company’s Director of Marketing and Supply Chain, Adi Munandir, during the annual general meeting of shareholders (AGM) in Jakarta on 19 June. Mr Munandir added that th... |
Refractories for AF-fired kilns22 June 2020, Published under Cement NewsThe use of alternative fuels (AFs) has seen increasing demand being placed upon refractories. The Siam Refractory Industry Co Ltd has developed a third-generation refractory brick especially for the coating zone of the cement kiln where coating build-ups are unstable or coating areas shift. By Pannawit Ngaochai, The Siam Refractory Industry Co Ltd, Thailand. Figure 1: MultiMag performance after 704 days of continuous operation in an 4500tpd cement kiln in Thailand (photo taken in N... |
YTL Corp records 11% revenue increase17 June 2020, Published under Cement NewsMalaysia’s YTL Corp has reported a 65.6 per cent decline in net profit to MYR29.52m (US$6.9m) in the third quarter ending 31 March, compared to MYR85.79m in the year-ago period. However, the group’s revenue advanced 11.6 per cent YoY to MYR4.81bn from MYR4.31bn. For the nine-month period until March 2020, YTL Corp saw a 75.7 per cent YoY fall in net profit to MYR62.37m from MYR256.40m in the previous fiscal, while revenue increased 20.8 per cent YoY to MYR15.64bn from MYR12.95bn. The hi... |
Hong Leong Asia grows stake in Tasek Corp17 June 2020, Published under Cement NewsHon Leong Asia’s wholly-owned subsidiary, Ridge Star, has acquired 30,700 shares of Malaysia-based Tasek Corp at a value of around US$57,964, according to The Straits Times. Following this development, Hong Leong Asia now owns a 92.4 per cent stake in the company. Last month, Hong Leong Asia had submitted an unconditional voluntary takeover offer for the remaining shares of Tasek at MYR5.80 (US$1.36) per ordinary and preference share. |
VICEM Ha Tien Cement submits targets for 202016 June 2020, Published under Cement NewsVietnam’s VICEM Ha Tien Cement reported a five per cent YoY rise in net revenue to VND8839bn (US$379.79m) and profit before tax of VND928bn (up 14 per cent YoY) in 2019. However, Dinh Quang Dung, company chairman, stated that the company is projected to face risks in the form of COVID-19 and other factors in 2020. Therefore, several targets have been submitted to shareholders for the current year, including a production of 7.33Mt (level with 2019), revenue of VND8584bn (down three per cent... |
Federal Budget FY21 impacts positively on the cement industry in Pakistan15 June 2020, Published under Cement NewsHammad Azhar, Pakistan's Federal Minister for Industries and Production, on June 12 unveiled a tax-free federal budget for FY20-21 in Parliament with a total outlay of PKR7.136trn (US$43.2m), to spur economic recovery following the economy's contraction in the outgoing fiscal year for the first time since 1952, due to COVID-19. He proposed no increase in salaries of its employees and pensioners, a rise in levies on luxury products, and tax relief for the cement sector, sanitary-ware and lo... |
Economic survey reviews Pakistan cement industry for FY19-2012 June 2020, Published under Cement NewsThe Pakistan government has released its economic survey for FY19-20 on the eve of the Federal Budget FY20-21. The survey reviews government incentives for the cement industry, accounts of dispatches, export and mining lease issues. The government has labelled the construction and cement industry a significant source of growth and investment in the future. It has already introduced an incentive package for the construction industry in April 2020, anticipating to help increase local cement ... |
Indonesian export shipments surge 41% in May12 June 2020, Published under Cement NewsCement and clinker exports from Indonesia advanced 41 per cent YoY in May to reach 625,650t, according to the Indonesian Cement Association (ASI). In May 2019 cement and clinker exports stood at 443,773t. Clinker exports were up 43.1 per cent YoY to 565,542t while cement exports increased 23.5 per cent YoY to 60,109t. In the first five months of 2020, clinker and cement exports expanded by three per cent YoY to 2.6Mt from 2.524Mt in the 5M19. The increase was driven by a 13.8 per cent rise... |