Asia & Pacific Rim

Chettinad Cement has purchased approximately 20.58% of shares of Anjani Portland Cement Ltd from shareholders, according to a filing released by the latter.

India’s JK Cement increased profits and sales in the quarter ending 31 March 2014.

‘Solid PBT earnings’ in CMSB’s cement, construction and road maintenance, and property development operations helped drive a 21% increase in pre-tax profit in 1Q14.

Pakistan’s construction sector saw 11.31% y/y growth in the current fiscal year on the back of increased government spending, while the country’s GDP rose by 4.14%.

According to India’s Cement Manufacturers' Association (CMA), the generation of power through waste heat recovery (WHR) systems should be classified as a renewable energy source.

Bahrain’s Minister of Industry and Commerce met with the CEO of Al Sager Cement Factory to learn about the company’s expansion plans and express continued support for private sector development.

Mangalam Cement reported an increase in net sales and income from operations and a fall in net profit in the last quarter of FY14.

High prices and low costs bring great rewards for Asia Cement (China) Holdings Corporation, which reports significant year-on-year growth.

China Resources Cement Holdings Ltd saw a rise in turnover and gross profit in January – March 2014.

Loesche invited customers and potential partners to an introduction seminar and the official inauguration of its new office to mark the successful launch of Jakarta-based subsidiary, PT Loesche Indonesia.

Despite improvements in house building, the overall performance of Australia’s construction sector slipped in April 2014, according to data released by the Australian Industry Group.

Cement sales in Indonesia came in at 4.52 million t in April 2014, down 0.4% y/y. However, sales are forecast to experience positive growth from May.

Cement production grew in March in China, but the coal industry continues to face obstacles as economic growth slows and the government tackles emissions levels.

FLSmidth MAAG Gear has inaugurated an assemble and service unit in India.

Cement dispatches to Pakistan’s domestic market improved by 2.7% y/y in the first 10 months of the current fiscal year, with capacity utilisation reaching its highest point in five years.