Asia & Pacific Rim

FLSmidth has signed a contract worth €53 million (DKK400 million) with Indian National Thermal Power Corporation Limited (NTPC).

Sanghi Industries is looking to raise approximately RS660 crore to contribute towards an expansion programme that should triple the company’s capacity.

Cheung Kong Infrastructure Holdings has announced plans to construct a new cement plant in the Guangdong Province; while West China Cement’s Yangxian facility is scheduled to come online ahead of schedule this month.

Cement producers in Vietnam have announced plans to increase the price of cement as a result of rising energy prices.

Reports suggest that the Indian cement industry is likely to show growth above 12% in February, making it the third consecutive month to see double-digit growth.

The Competition Commission of Pakistan has provided a stabilising influence for cement prices in the nation.

ACC is entering new markets in Andhra Pradesh and increasing capacities elsewhere in India.

Cement demand to remain high, Taiwan Cement acquisition strengthens presence, BBMG purchases Beijing-based plants from Lafarge.

In January, Indonesia saw a 13% increase in cement sales, signalling the country’s return to economic growth after a flat period throughout 2009. Analysts expect cement sales to continue to grow in line with the economy this year – at a rate of around 6%.

Vietnam’s new status as an ‘economic cub’ is especially fascinating because the country has little experience with the ideas and institutions of market-oriented and pro-entrepreneurship reforms.

FLSmidth has received an order worth approximately €48 million (DKK 357 million) from HeidelbergCement India Limited for the supply of equipment to their Indian capacity expansion project.

Japan’s Ministry of Finance has reported a massive y/y jump in exports in January.

Rio Tinto has begun production of iron ore at the Mesa A/Warramboo mine in Western Australia.

Coastal shipping has been the focus of recent research in India due to its obvious economic benefits for large bulk handling.

Sinoma and Scitus acquisitions, Anhui Conch borrows RMB 4.8 billion, China Runji Cement benefits from rural stimulus and HK prosperity invests in Indonesia.