Cement News tagged under: south Asia
Vietnam's cement exports surge while domestic prices rise01 June 2021, Published under Cement NewsVietnam's Department of Building Materials, Ministry of Construction, reports that in the first four months of 2021, the country’s consumption of cement products is estimated to reach 34.58Mt, up 16.5 per cent YoY. Domestic consumption accounted for around 19.44Mt, a slight increase over the same period last year, while cement exports surged to 65 per cent over 2020 to 15.14Mt. Besides gains in consumption, many cement companies also raised product prices. Accordingly, Vicem Hoang Ma... |
North Sulawesi exports 63,046t in May01 June 2021, Published under Cement NewsIndonesia’s North Sulawesi province exported 63,046t of cement to Taiwan, the Philippines and Malaysia in May 2021, according to the North Sulawesi Industry and Trade Office. The value of exports totalled US$2.18m, with Malaysian exports representing US$1.1m from 32,496t alongside US$763,750 from 32,496t sent to Taiwan. Cement is a relatively new export from North Sulawesi and the Industry and Trade Office is reportedly on the look for new markets. |
YTL Corp net profit rises 9% in 3QFY2131 May 2021, Published under Cement NewsYTL Corp Bhd recorded a nine per cent increase in its net profit to MYR93.5m (US$22.6m) for the third financial quarter ended 31 March 2021 (3QFY21), up from MYR85.4m in the preceding quarter. Revenue fell eight per cent QoQ to MYR4.22bn, from MYR 4.59bn in 2QFY21. "We have continued to see good recovery, particularly in our key utilities division which has registered a marked turnaround in the merchant multi-utilities subsegment in Singapore, as well as our cement and construc... |
Cahya Mata Sarawak sees net profits of MYR77.8m in 1QFY2131 May 2021, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) recorded a 3.5-fold higher net profit of MYR77.8m (US$18.8m) for the first quarter ended 31 March 2021 compared with MYR17.28m in the same period last year. Revenue increased to MYR202.06m from MYR189.44m in 1QFY20. CMS said the revenue increased seven per cent due to higher contributions from the cement, trading and property development divisions. "The cement division reported a higher revenue of MYR128.17m attributed to lower clinker purchase price, ... |
Cambodia posts 49% fall in imports in 202027 May 2021, Published under Cement NewsCambodia saw the value of its cement imports fall 48.6 per cent YoY to US$66.25m in 2020, compared to US$128.86m in the previous year, according to the Ministry of Commerce. Imports of construction materials, such as steel and cement, declined during the year as the COVID-19 pandemic paused construction projects across the country, reports The Phnom Penh Post. The growth in domestic cement production, which advanced seven per cent YoY to 7.9Mt in 2020, is also a factor in the cement impor... |
Republic Cement launches AI tool to optimise raw mix24 May 2021, Published under Cement NewsPhilippines-based Republic Cement is rolling out a new AI tool to all its cement plants to reduce its CO 2 emissions and produce a stronger cement. The tool will optimise concentrations of raw ingredients in the cement mix by harnessing complex algorithms to save time and resources in its Bulacan and Batangas works as well as running the software as a pilot in its Teresa works in Rizal. “Our next step is to deploy this in all sites by the end of the year,” said Republic Cement’s Vice Pres... |
YTL Cement to consolidate Malaysian cement businesses13 May 2021, Published under Cement NewsYTL Cement (YTL Corp) has signed an agreement to sell its entire cement and RMC operations in Malaysia to its 76.98 per cent subsidiary Malayan Cement for a MYR5.16bn (US$1.25bn) cash and stock deal. The deal will see Malayan Cement acquire 12 companies from YTL Cement. YTL Cement’s shareholding in Malayan Cement is expected to increase to approximately 78.58 per cent upon completion of the agreement and the ongoing private placement of up to 85m new Malayan Cement shares. "YTL Cement wil... |
SCG's 1Q21 cement and building products revenue up 15% QoQ05 May 2021, Published under Cement NewsThailand-based Siam Cement Group has seen revenue from its cement and building products business reach THB46,185m in the 1Q21, an increase of 15 per cent compared to the previous quarter. However, revenue was flat compared to a year earlier due to regional demand weakness and the planned maintenance of its Cambodia cement plant during the period. Profit in the segment during the 1Q21 was THB2809m, an increase from the year-ago period due to effective cost management and seasonal factors. ... |
Republic Cement expects domestic demand recovery04 May 2021, Published under Cement NewsRepublic Cement of the Philippines has said the domestic cement industry is on course to return to pre-pandemic levels this year as home builders support sales, amid lower demand from the infrastructure and non-residential sectors. In the first quarter of this year the company's income amounted to PHP334m (US$6.95m), 446 per cent higher YoY, due to a rise in sales volume arising from new cement capacities in Bulacan and Iligan, alongside reduced costs and increased overall efficiency. "W... |
Philippines' DTI to begin anti-dumping investigation into Vietnamese imports28 April 2021, Published under Cement NewsThe Philippines’ Department of Trade and Industry is expected to begin investigating allegations of cement dumping from Vietnam, following applications by three local manufacturers, according to the Manilla Standard. Cemex Philippines, Holcim Philippines and Republic Cement all applied for an anti-dumping investigation into cement products imported from Vietnam. The investigation will cover cement imported from July 2019 to June 2020, while the period of investigation for injury to the sec... |