Asia & Pacific Rim

Moody’s Investors Service says that Anhui Conch Cement Company Limited’s 1H15 results are in line with A3 issuer rating.

UltraTech’s Chairman addressed shareholders regarding the company’s performance during difficult times for the cement industry.

The Pakistani company saw a huge growth in margins thanks to lower coal and power costs and increased sales.

Nitin Gadkari spoke to Reuters recently about his plans to add two percentage points to India’s economic growth.

Ambuja Cement’s Customer Support Group strengthens its focus in Maharashtra through technical assistance and value.

SINOMA is divesting its interest in fibre glass company Taishan to subsidiary Sinoma Science & Technology.

According to reports, the Aditya Birla-owned company is in talks to buy Jaiprakash Associates’ Bhilai cement plant.

World demand for cement is projected to rise 4.5% per year to 5.2 billion metric t in 2019.

Improvements in prices are unlikely to develop into a full recovery, as many homes remain unsold dampening cement demand.

Reuters is reporting that overcapacity in Indonesia’s cement industry is dragging down the value of the country’s largest cement makers.

Myanmar Thura has purchased 10 new TR60s to cover expansion at the company’s jade mine in Kachin State.

The Philippine company, which is buying Lafarge assets in a joint venture with CRH, has secured a US$400 million loan.

Thai company SCG is planning to expand capacity at its Kampot plant and add to its network of ready-mix concrete plants, according to a report in The Nation.

European cement producers with Indonesian subsidiaries are expected to face lower profit margins due to oversupply in the Indonesian cement market.

Lucky Cement is to implement the SAP Enterprise System to improve business operations.