Cement News tagged under: South Asia
Siam Cement receives approval to set up IPO for packaging unit29 May 2020, Published under Cement NewsThe Securities and Exchange Commission of Thailand has given Siam Cement PCL approval to go ahead with its plans for an initial public offer of its packaging unit. SCG Packaging Public Co along with its financial advisor is assessing the current situation, including that of the equity capital markets, and confidence level of both Thai and international investors, said Siam Cement. "Once the overall situation becomes clearer and more conducive, SCGP will proceed with its IPO and the listi... |
Fauji Cement appoints CEO/MD and makes resource sharing agreement with Askari Cement29 May 2020, Published under Cement NewsFauji Cement Co Ltd (FCCL) informed Pakistan Stock Exchange (PSX) on 28 May 2020 that due to expiry of employment contract of Lt Gen Muhammad Ahsan Mahmood, HI (M) (Retd), CEO/MD of FCCL on 9 June 2020, Qamar Haris Manzoor has been appointed as his replacement by the Board of Directors of Fauji Cement, says a notification signed by company secretary. He will assume the charge of this appointment with effect from 10 June 2020. Earlier, the company stated that as a result of the approval of t... |
Cement exports from Pakistan drops due to COVID-19 in 10MFY2028 May 2020, Published under Cement NewsThe Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for the 10 months of July 2019 to April 2020. It visibly carries the impact of coronavirus on the cement industry in the country. Pakistan's cement industry has earned export revenue of US$223.20m by exporting 5.949Mt of cement and clinker in 10MFY19-20, compared to US$243.12m from 5.738Mt of exports in the year-ago period. This represents a 8.2 per cent decline in terms of value in dollars, but adds a grow... |
Big Boss Cement orders ready2grind plant28 May 2020, Published under Cement NewsBig Boss Cement cement plant in Pampanga province, Philippines, has ordered a ready2grind modular plant with a four-roller vertical roller mill from Gebr Pfeiffer. The ready2grind 2500 plant for cement grinding, is currently under construction and will produce cement in Porac, near Angeles City in Central Luzon region. The selected plant type reaches a capacity of about 70tph for a cement with a specific surface area of 4000cm²/g, according to Blaine. In addition to the grinding plant, the... |
APMC's Rawang plant to close for upgrade programme27 May 2020, Published under Cement NewsAssociated Pan Malaysia Cement (APMC), a wholly-owned subsidiary of Malayan Cement, reportedly released the majority of its employees a few weeks ago, according to The Edge. Furthermore, company operations reportedly stopped last year, after YTL Cement acquired 51 per cent of Malayan Cement. In a response to a request for clarification from The Edge Malaysia, YTL Cement stated: "APMC’s Rawang plant, the nation’s first and oldest cement plant, will be undergoing a MYR200m (US$45.89m) rejuv... |
Holcim Philippines resumes operations27 May 2020, Published under Cement NewsHolcim Philippines Inc has restarted manufacturing and logistics operations with stronger health and safety controls at all its sites nationwide, after pausing cement production in compliance with government quarantine measures against COVID-19. The company started to reopen its plants and terminals in La Union, Bulacan, Manila, Batangas and Davao following the easing by national and local governments of quarantines that started in the second half of March. Holcim's plant in Lugait, Misamis... |
Tokyo Cement Co (Lanka) Plc sees 23% fall in turnover in 4QFY2027 May 2020, Published under Cement NewsTokyo Cement Co (Lanka) PLC said the group recorded LKR8.4bn (US$45.1m) turnover for the 4QFY20, which represents a 23 per cent reduction when compared to 4QFY19. The company recorded LKR4.9bn turnover for the 4Q20, which is 36 per cent reduction when compared to 4QFY19. The company has ensured production, distribution, and sales of products and services across the island with limited stoppages during the COVID-19 pandemic. However, retail and construction sites within the Western provinc... |
Vietnamese producers faced falling sales in April26 May 2020, Published under Cement NewsVietnam’s cement market contracted 11 per cent YoY and 13 per cent MoM as domestic cement sales reached 5,664,973t in April 2020, according to the latest data from the Vietnam National Cement Association (VNCA). VICEM sales reached 1,935,056t in April, down 11 per cent YoY and 13 per cent MoM while its affiliates sold 1,569,917t, down 13 and 11 per cent when compared with the volumes in the same period of the previous year and the previous month, respectively. Other cement companies reporte... |
BCMA reports 46% fall in domestic cement sales18 May 2020, Published under Cement NewsThe current demand for cement in Bangladesh has declined drastically as construction projects have been halted following COVID-19 lockdown, according to the Bangladesh Cement Manufacturers Association (BCMA). Cement sales dropped around 46 per cent in April following serious disruption in construction, according to the BCMA. The manufacturers saw a severe fall in sales, despite expecting double-digit growth in 2020 after achieving above seven per cent growth in previous year. BCMA Presid... |
Indonesian cement market contracts 6% in April15 May 2020, Published under Cement NewsCement consumption in Indonesia fell by 6.3 per cent YoY in April 2020 to 4.514Mt from 4.816Mt In April 2019, according to data published by the Indonesian Cement Association (ASI). Java, the country’s largest market, saw sales decline by 11. 3 per cent YoY to 2.412Mt from 2.718Mt in April 2019 while Sumatra was unable to offset the drop despite a 7.4 per cent uptick in volumes to 1.077Mt from 1.003Mt in April 2019. Sulawesi volumes edged up by 0.8 per cent to 0.394Mt, on Kalimantan consu... |