This round-up includes news of further price increase in India, a new rail link that will open up further investment opportunities in Ras, and protests at a cement plant where a man was fatally injured in an accident.
The Philippines and Indonesia have much in common. The following article is an abridged version of the full article, featured in the December 2011 issue, which explores the two Southeast Asian countries’ similarities and differences.
Indonesia’s Semen Gresik has told The Jakarta Post that it will build two new plants next year.
HeidelbergCement and Ultratech are among the cement producers interested in the joint venture partnership to set up a 3 million tpa plant in India.
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.