Cement News tagged under: Southeast Asia
Cemex Philippines sees net sales fall 10%05 May 2020, Published under Cement NewsCemex Holdings Philippines Inc announced that net sales decreased by 10 per cent during the 1Q20, versus the 1Q19, amounting to PHP5.6bn (US$110.7m). Domestic cement volumes decreased by four per cent versus 1Q19. An eight per cent increase in volumes during the first two months of the year was offset by the effects of the Enhanced Community Quarantine in Luzon and other quarantine measures around the country during the second half of March 2020. CHP’s domestic cement prices fell by six pe... |
Cement sector recovery scenarios and the SE Asian focus24 April 2020, Published under Cement NewsCemtech held its second webinar on the impact of COVID-19 on the cement industry this week. The webinar featured several leading industry speakers, including Paul Roger, MD, Building Material Division, Exane BNP Paribas (UK), and Manas Tamotia, partner, LEK Consulting (Singapore). This newsletter summarises the key points from the webinar. The global cement market outlook Paul Roger outlined that lockdown meant different things in different countries. In some countries construction i... |
Cement industry and the COVID-19 crisis20 March 2020, Published under Cement NewsThis week has seen growing action and concern from the construction and cement sectors on how best to fight off the coronavirus (COVID-19), which was declared a pandemic on 11 March, to keep businesses running and employees safe. Many countries have already announced emergency financial packages and stimulus measures to support businesses and protect livelihoods, as countries impose social distancing measures and quarantine measures to slow the virus. The latest reports reveal that buildi... |
Semen Indonesia rebrands as Semen Indonesia Group17 February 2020, Published under Cement NewsSemen Indonesia has rebranded to become Semen Indonesia Group (SIG), including a new logo, to reinforce the company’s environmental efforts and introduce itself as a provider of building materials solutions. Launching the new strategy, Adi Munandir, Semen Indonesia's director of Marketing and Supply Chain, told local press that: "We are already in the phase of thinking about our future. Cement manufacturers have a very industrialist connotation, sometimes connoted to activities that ar... |
Asia's need to embrace co-processing14 June 2019, Published under Cement NewsAs the Cemtech Asia 2019 Conference and Exhibition prepares to open in Bangkok next week, our weekly newsletter focusses on the opportunity for co-processing in Asia's cement sector, where general, post-consumer, plastic waste is being imported on an unprecedented scale, since China banned these foreign imports in 2017. Malaysia alone, for example, imported more than 754,000t of plastic waste from January to June 2018, according to Greenpeace. While public campaigns against imported waste ... |
Southeast Asia producers line up for LafargeHolcim Indonesia sale17 August 2018, Published under Cement NewsThe sale of LafargeHolcim's Indonesian unit has attracted the interest of several potential buyers in the region, including Japan's Taiheiyo Cement Corp, Malaysia's YTL Corp and PT Semen Indonesia, Bloomberg reports, citing unnamed sources. HeidelbergCement's Asian unit PT Indocement Tunggal Prakarsa is also considering a bid, Bloomberg reports. Negotiations are still at an early stage and LafargeHolcim could seek as much as US$2bn for the unit, Bloomberg says. LafargeHolcim owns 80.6 ... |
A time of reassessment for HeidelbergCement23 February 2018, Published under Cement NewsThis week it was announced that HeidelbergCement would be selling its 51 per cent stake in the Lehigh White Cement Co LLC while the company also reported on its full-year and 4Q17 results . The sale of HeidelbergCement's interest in the Waco and York cement plants in the USA would mean a complete exit from the North American white cement market for the Germany-based multinational. HeidelbergCement is carrying out a global portfolio review and optimisation process to generate cash flow. T... |
Vicem appoints new general director06 September 2017, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) has appointed Bui Hong Minh general director. Mr Minh, 46, has held the position of deputy general director since 2013. Before that, he worked at But Son and Ha Tien cement companies. He became director of Bim Son Cement Company in 2011 prior to joining Vicem. |
Lafarge Malaysia Bhd reports 2Q loss30 August 2017, Published under Cement NewsLafarge Malaysia Bhd posted a net loss of MYR44.09m (US$10.3m) in its second quarter of 2017, compared to a net profit of MYR18.36m in the corresponding period amid weaker domestic demand in its cement segment higher competition. Revenue dropped 19 per cent YoY to MYR531.77m from MYR658.8m, according to its Bursa Malaysia filing. “The situation was further exacerbated by the greater operating costs from higher fuel and electricity cost. This quarter’s loss was partially mitigated by a ... |
Challenging year for YTL's cement division17 August 2017, Published under Cement NewsFY17 is proving to be a challenging year for YTL Corp’s cement business due to overcapacity and weak demand from the property segment, according to a report by Affin Hwang Investment Bank Research published in the The Edge Financial Daily. "Although we are expecting a higher demand from infrastructure and property in FY18, we believe the incremental demand is not sufficient to absorb the overcapacity, limiting the upside of the recovery in earnings," Affin Hwang noted. Apart from the c... |