CEMEX Philippines goes digital
The company has been utilising digital tools in business since the outbreak of the COVID-19 pandemic and states that the positive impact of digitisation has been evident.
Asia & Pacific Rim
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Alwaha Fund Limited acquires substantial shares in Steppe Cement Ltd
Steppe Cement Ltd has received notification that Alwaha Fund Limited has acquired a total of 3 750 000 ordinary shares in the company.
Taiwan Cement announces support for ‘2050 Climate Ambition’ statement
The company will support the GCCA’s ‘2050 Climate Ambition’, which aims to deliver carbon neutral concrete by 2050.
CEMEX Holdings Philippines introduces safety protocols to prepare for reactivation of construction projects
With the easing of COVID-19 restrictions in the Philippines and news of infrastructure projects resuming, the company has introduced more than 50 safety protocols in line with the World Health Organisation.
The Hindu BusinessLine: JSW Cement to combine the sale of cement, steel and paints
The company is set to combine the supply and distribution of cement, steel and paints across India, under its JSW One initiative.
GlobalData: Singapore construction industry to post V-shaped recovery in 2021
According to GlobalData, the Singaporean construction industry is expected to post a V-shaped recovery in 2021 with the industry rebounding to post a growth of 11.2%.
Hindalco Industries Ltd. in agreement to supply 1.2 million t of red mud to UltraTech Cement
The company has entered into a Memorandum of Understanding (MoU) with UltraTech Cement Ltd. to deliver 1.2 million t of red mud annually to UltraTech’s 14 plants.
GlobalData: Philippines construction industry to reach US$75.1 billion in 2024
The Philippines construction industry is expected to post a sharp contraction of 9.2% in 2020.
GlobalData: China’s construction and real estate industry M&A deals total US$5.93 billion in Q2 2020
Total construction and real estate industry M&A deals in Q2 2020 worth US$5.93 billion were announced in China, according to GlobalData’s deals database.
AUMUND supplies conveying technology solutions to Taiheiyo Cement Corporation
Taiheiyo Engineering Corporation has ordered three AUMUND Bucket Elevators and an AUMUND Drag Chain Conveyor for its biomass-fuelled power plant in Ofunato, Japan.
Bruks Siwertell to supply ship unloaders to Singapore to support cement handling
The company will deliver three new Siwertell ship unloaders to Jurong Port in Singapore to help ensure the environment-friendly handling of Singapore’s cement imports.
Ambuja Cement shares Q2 results
The company’s results for the second financial quarter show a 10% rise in standalone net profit.
thyssenkrupp Industrial Solutions relocates Asia Pacific headquarter of cement business
The company has made Vietnam the new regional HQ of its cement business.
GlobalData: South and Southeast Asia’s construction industry set to contract
In view of the growing disruption in the region caused by the COVID-19 pandemic, South and Southeast Asia’s construction industry is now expected to contract by 4.3% says GlobalData.
GlobalData: India’s construction industry to contract by 7.5% in 2020
The company reports that India’s construction sector is now expected to contract by 7.5% in 2020, due to the already weakened industry being further damaged by the COVID-19 lockdown.