Cement News tagged under: Southeast Asia
Semen Indonesia postpones Rembang opening22 March 2017, Published under Cement NewsPublicly-listed cement manufacturer PT Semen Indonesia (SI) has decided to postpone the initial launch of its new production facility in Rembang, Central Java, for several months due to a prolonged dispute with the local community. “[The facility] will start commercial operation in either May or June. We are not in a hurry,” SI corporate secretary Agung Wiharto said as quoted by kontan.co.id on Monday. The production facility was initially scheduled to start operating in April. |
Lafarge Malaysia earnings expected to bounce back21 March 2017, Published under Cement NewsLafarge Malaysia Bhd’s (Lafarge) earnings are expected to bounce back in FY17 and FY18 on the back of local cement sales growth as well as contributions from its collaboration with the federal government, according to analysis by AmInvestment Bank Bhd quoted in The Borneo Post. Following a disappointing FY16, the investment bank anticipates that Lafarge’s earnings are expected to rise by 44 per cent and 68 per cent in FY17 and FY18, respectively. “Lafarge’s local cement sales is to gr... |
Dangote Asian expansion?18 October 2016, Published under Cement NewsAccording to a Ghanaian news source, Dangote Cement is hoping to expand into the Asian market over the next decade. It is reported that the company plans to launch in southeast Asia and Latin America once it is able to consolidate its operations in Africa. Immediate targets for such an expansion are countries such as Nepal, Indonesia, Vietnam and Colombia, according to Armando Martinez Gallegos, director of Dangote’s Ibese plant in Nigeria. Mr Gallegos commented, “Dangote has to first ... |
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... |
Indocement awaits the "domino-effect"15 June 2016, Published under Cement NewsGrowth of Indonesia’s cement market weakened in 2015, but prospects for this year are more optimistic with demand expected to significantly improve. ICR spoke to Christian Kartawija, CEO of market leader PT Indocement Tunggal Prakarsa, about the producer’s performance in 2015, his view on cement demand and construction activity in this major southeast Asian nation and the potential for sector consolidation. By ICR Research, UK. Christian Kartawijaya, CEO, PT Indocement Market pe... |
Growing pains: southeast Asia's looming overcapacity29 April 2016, Published under Cement NewsPositioned between the two most populous nations on Earth, the emerging economies of southeast Asia have ridden the wave of economic growth in the early years of the century. Between 2000 and 2014 the 10 ASEAN countries saw their collective real GDP grow at 5.7 per cent annually and look set to continue this trend over the next five years. Cement demand has kept up with this brisk pace of expansion and – according to figures from Morgan Stanley – will continue to do so, growing at 5.2 per ce... |
Indonesia: Semen Baturaja reports double-digit sales growth03 March 2016, Published under Cement NewsSemen Baturaja achieved a 20.66 per cent rise in cement sales last year to IDR1.46trn (US$109.32m), the Indonesian stated-owned cement company has said. The sales growth has enabled the company to see its net profit increase by 5.43 per cent to IDR354.67bn throughout 2015. The government's focus on infrastructure projects is seen as benefitting cement companies that support construction and infrastructure firms. Sales of Semen Baturaja's bulk cement, often used in government infrastruct... |
Siam Cement Group eyes Vietnam expansion26 January 2016, Published under Cement NewsThailand's Siam Cement Group plans to expand its operations in Vietnam, especially in the cement and petrochemical sectors. "Our target is that we must have a cement factory here, but by when we still cannot say. We're studying if we should invest on our own or through a joint venture," Dhep Vongvanich, SCG's Vietnam executive director, told The Nation newspaper. Meanwhile, Vongvanich added that SCG would continue with the construction of the US$4.5bn Long Son integrated petrochemical... |
Domestic deliveries drive Vicem's 11-month sales rise08 January 2016, Published under Cement NewsVietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, sold 20.06Mt of cement and clinker in the first 11 months of 2015, up 2.9 per cent from a year earlier. Of the volume, 16.99Mt of cement and clinker were sold in the domestic market, up 10.6 per cent YoY, and 3.07Mt were exported, down 39.6 per cent. In November the corporation sold 1.91Mt of cement and clinker, up 13.6 per cent YoY, of which 1.63Mt were made up of local sales (+19.4 per cent YoY), while ex... |
Indonesia cement sales up 4.7% in November11 December 2015, Published under Cement NewsIndonesian cement sales rose by 4.7 per cent YoY to 6.1Mt in November 2015, due to improved government spending on infrastructure projects. Widodo Santoso, chairman of the Indonesia Cement Association (ASI), said domestic cement demand rose sharply in November despite seeing some rainfall (which usually leads to delays in development of infrastructure and other construction projects). Mr Santoso says this rise is due to improved government spending on infrastructure projects. Th... |