Cement News tagged under: Southeast Asia
Semen Indonesia plans IDR4trn capex in 201430 January 2014, Published under Cement NewsSemen Indonesia plans to spend IDR4trn (US$328.81m) to construct two plants in Rembang (Central Java) and Indarung (West Sumatra), the company’s CEO, Dwi Sutjipto, has said. Indonesia’s largest cement producer also plans to improve its distribution capabilities by establishing packaging factories in Balikpapan, Pontianak and North Sulawesi. Last year the company registered a net profit of more than IDR5.7trn, up 16 per cent YoY. Looking ahead, Semen Indonesia has said it is optimistic t... |
Indonesian demand expected to rise by 6-7%29 January 2014, Published under Cement NewsIndonesian cement consumption is expected to grow at a similar rate to 2013 despite cement price increases, as producers look to compensate for higher electricity costs and lower growth forecasts. Widodo Santoso, chairman of the Indonesian Cement Association, told the Jakarta Post that cement demand is expected to rise to 63Mt this year, a YoY increase of 6-7 per cent. Around 1Mt of demand is expected to be met by imports. Last year domestic consumption reached 58Mt, increasing by abo... |
Vietnam's Jan cement output increases27 January 2014, Published under Cement NewsVietnam is estimated to produce 4.8Mt of cement in January, up three per cent YoY but down 13.24 per cent from December 2013, the government General Statistics Office said in a monthly report. The office revised down the country’s cement output in December 2013 to 5.5Mt the earlier estimated figure of 5.7Mt. In 2013, Vietnam’s cement output hit 56.84Mt, according to the revised figure. |
Bim Son Cement sales reach 3.9Mt in 201321 January 2014, Published under Cement NewsVietnam-based producer Bim Son Cement JSC (BCC) sold 3.9Mt of cement and clinker in 2013, comprising 3.4Mt of cement and 588,000t of clinker. The company’s clinker output was more than 3.9Mt last year. Its revenue rose by 0.6 per cent YoY to VND3.8trn, the Dau Tu newspaper reported. For this year, Bim Son Cement targets output of more than 3Mta of clinker, while cement and clinker sales will hit 4Mt, including 3.8Mt of cement. Revenue for 2014 is expected to reach VND4.1trn. |
Semen Indonesia eyes further Asian expansion15 January 2014, Published under Cement NewsFollowing the acquisition of a majority stake in Vietnam-based cement producer Thang Long Cement in 2012, Semen Indonesia is now setting its sights on expanding into Bangladesh as well as completing a deal in Myanmar this year. “We will probably acquire grinding mills in Bangladesh [...] but not this year,” Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post. Wiharto also said that Semen Indonesia is looking to acquire a cement company or establish a joint venture i... |
Indonesia full-year growth rate decelerates14 January 2014, Published under Cement NewsIndonesian cement sales increased by 5.6 per cent in 2013, less than half the rate of growth of 14.5 per cent the year before, due to slower demand particularly in outer Java. Domestic cement sales for the January-December 2013 period reached 58Mt, according to the latest data from the Indonesian Cement Association (ASI). Including imports sales reached 59.5Mt. In Java, sales growth slowed to 7.7 per cent compared to a 14. 6 per cent increase in 2012. “The growth fell drastically in out... |
Vicem 2013 revenue rises 7% YoY14 January 2014, Published under Cement NewsVietnam Cement Industry Corporation (Vicem), Vietnam’s leading domestic producer, said its revenues rose by seven per cent YoY in 2013 to more than VND30.5trn (US$1.45bn). State-run Vietnam news agency reported that Vicem posted a pretax profit of VND528bn and contributed VND1.03trn to the state budget last year. Cement and clinker output for the state-run cement producer rose by 8.8 per cent YoY while cement sales rose by 9.3 per cent. For this year, VICEM targets cement and clinker sal... |
PT Semen Indonesia to increase packing capacities13 January 2014, Published under Cement NewsPT Semen Indonesia plans to increase its number of packing plants to 30 over the next two years as part of the company's strategy of reducing logistic costs and bringing its product closer to customers. Indonesia's largest cement producer is set to inaugurate a packing plant in Banjarmasin, South Kalimantan, this month, company secretary, Agung Wiharto, told Antara News. "The presence of Banjarmasin's packing plant that will soon be inaugurated in January 2014, will further strengthen the e... |
Semen Indonesia: upbeat on 2014 outlook10 January 2014, Published under Cement NewsPT Semen Indonesia (Persero) Tbk, the holding company for domestic producers Semen Gresik, Semen Padang and Semen Tonasa and Vietnam-based Thang Long Cement, is upbeat on its outlook for 2014 following a positive performance last year. Total group sales, including exports to the end of November reached 23.41Mt, up 14.6 per cent YoY, the company said in a statement. Exports amounted to 317,560t during the period, a staggering 335.3 per cent YoY increase on the 72,950t traded the year befor... |
Lafarge Republic receives “buy” rating on typhoon reconstruction demand09 December 2013, Published under Cement NewsLafarge Republic Inc (LRI) has received a “buy” rating from AB Capital Securities Inc, as post-typhoon reconstruction in the region of Visayas, Philippines, is expected to boost demand. "Aside from increased sales volume due to higher cement production and cement retail prices, we think that LRI's upside will be supported by the steady demand from the construction sector, which should be boosted by the reconstruction efforts in typhoon Yolanda-affected areas," BusinessWorld quoted AB Capi... |