Asia & Pacific Rim - 21 July 2014

SCG continues to increase its presence in the ASEAN market with plans to construct a new 1.8 million tpa cement plant in Mawlamyine, Myanmar.

According to Guangdong’s Development and Reform Commission, the Chinese province will make further capacity reductions in the iron, steel and cement sectors by 2017.

Cement boycotts continue in Andhra Pradesh and Telangana, while expansion and consolidation is on the cards in North India.

In its June quarter results, the Aditya Birla-owned company achieved significantly higher net sales despite reduced net profit.