Cement News tagged under: Southeast Asia
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... |
TPI Polene reports weak operating conditions in 1Q2427 May 2024, Published under Cement NewsThe Bank of Thailand’s statistics on domestic cement sales show a negative trend since the pandemic, falling by 3.1 per cent in 2022 and 1.5 per cent in 2023. In addition, since November 2023 the trend has worsened and by March 2024 domestic cement sales had contracted 14.5 per cent YoY bringing the 1Q24 contraction to 10.6 per cent. The key reason for the major deterioration in demand is the delay in the approval/deployment of the FY23-24 budget affecting public sector works and creatin... |
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... |
PHINMA Corp to acquire Petra Cement for PHP500m22 May 2024, Published under Cement NewsPhilippines-based PHINMA Corp announced it will acquire Petra Cement Inc for PHP500m (US$8.6m). The conglomerate signed a purchase agreement through its subsidiary Philcement Corp on 20 May, it said in a stock exchange disclosure. "This is aligned with Philcement's growth strategy and its promise to assure Filipino consumers with reliable, high quality supply of cement products under its legacy brand, Union Cement," PHINMA Corp. said. The acquisition follows the manufacturing and s... |
ENVEA acquires Asia Pacific Air Quality Group14 May 2024, Published under Cement NewsEnvironmental management solutions company ENVEA has acquired Asia Pacific Air Quality Group (APAQ Group). ENVEA views the acquisition as core to developing its presence and reach in Asia, and is complementary to its existing product portfolio, technology offering and customer base. The financial terms of the transaction were not disclosed. APAQ Group is a specialist air quality business based in Singapore. With clients across Asia, it offers planning, consultancy and integration services... |
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,... |
Heidelberg Materials acquires Malaysia's largest pulverised fly ash supplier03 May 2024, Published under Cement NewsHeidelberg Materials has entered into a definitive purchase agreement to acquire ACE Group,the largest supplier of pulverised fly ash in Malaysia, effective 1 May 2024. The acquisition strengthens circularity within Heidelberg Materials’ value chain in Southeast Asia, according to the company. Reusing fly ash from energy generation contributes significantly to reducing the CO2 intensity of composite cement while used as an additive, fly ash can replace part of the energy-intensive clinker ... |
Phinma to invest in PHP2bn Davao plant02 May 2024, Published under Cement NewsPhilippines-based Phinma Corp plans to invest approximately PHP2bn (US$34.7m) in a new cement plant in Davao to further consolidate its presence in the cement market. "We’re putting up our Davao plant which is almost similar to Mariveles plant. That is in joint venture with some of our partners in Davao,” Philcement Corp President and CEO, Eduardo Sahagun, said. “That will bring our total capacity to somewhere like 5Mta if all those things will be completed in a couple of years,” he added.... |
Vietnam exporters looking further afield01 May 2024, Published under Cement NewsCement sales in Vietnam continue to struggle versus their year-ago levels. Sales were down 17 per cent YoY to 5.113Mt in March 2024, from 6.161Mt a year earlier, according to the Vietnam National Cement Association (VNCA). However, they did show a strong uptick from February, rising 130 per cent MoM. Of the total, VICEM companies saw sales down 23 per cent YoY to 1.625Mt. Other VNCA-affiliated companies report contractions of 12 per cent YoY to 1.077Mt. Non-VNCA members reported sales of 2.4... |
New MYR1.2bn cement plant for Sabah01 May 2024, Published under Cement NewsA MYR1.2bn (US$251.5m) integrated cement plant project in Kampung Kawayoi Pinangah, Tongod, central Sabah, Malaysia, will help boost the economy of the local community upon completion. Malaysia’s Sabah Chief Minister Datum Seri Hajiji Moor said that the new plant would complement the existing Cement Industries Sabah (CIS) Sen Bhd plant. “I believe this new factory will not only boost our cement production but we can also be a cement exporter,” he said, during the factory's groundbreaking ce... |