Asia & Pacific Rim

ACC Ltd has announced a rise in Q3 profit after tax to Rs 159.31 crore, compared to Rs 86.31 crore in the corresponding quarter of the previous year.

JK Lakshmi Cement’s results for the July – September quarter reveal a 49% rise in operating profits before other income to Rs 41.17 crore. However, the company’s turnover and profitability were lower than the previous quarter.

As new entrants are exiting the sector, Dalmia is in talks to acquire newly built plants in the country.

SCG has recorded a 12.5% rise in Q3 net profit year-on-year, but warns that the current flood crisis will result in decreased revenue in Q4.

As bilateral relations are improving, cement exports to India from Pakistan have increased 53.8% to 0.16 million t in the first quarter of the financial year 2012.

Lucky Cement provides relief goods to around 6000 families following the devastating floods in Pakistan.

The 2011 financial year has seen a turnaround for the Pakistani cement industry, which saw profit of Rs.2.54 billion against a loss of Rs.2.59 billion in the previous fiscal.

Bosowa Corp is expanding capacity at two plants and setting up a third to meet the rising demand for cement in the Indonesian market.

India’s real estate industry is demanding an enquiry into what it calls the ‘exorbitant price hike by leading manufacturers’.

In a recent meeting, the Deputy Prime Minister urged cement companies to cut energy costs and to restructure, in order to sharpen their competitiveness.

David Hayes profiles India and Pakistan’s cement industries.

BEUMER enhances market presence with acquisition of Enexco Teknologies India Ltd.

Siam Cement PCL recently announced investment plans worth US$441.2 million, to buy a 30% stake in Indonesia's PT Chandra Asri Petrochemical Tbk.

Ambuja Cements has acquired a 60% equity stake in Dirk India at a cost of Rs 16.51 crore.

In an effort to secure supply, Semen Gresik is actively looking to acquire a local coal mining company.