Asia & Pacific Rim

Reliance Cement won the Sial Ghoghri coal block at the Indian government’s first mineral resources auction on 14 February.

Tajikistan’s parliament has reportedly formed an agreement with China’s Huaxin Cement for the construction of two cement plants with a combined capacity of 2.2 million tpy.

The India Cements Ltd reported a net loss of Rs.11.68 crore for the quarter ended 31 December 2014, compared to a profit of Rs.42 lakh recorded in the same quarter a year earlier.

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According to ICRA research, the demand outlook for FY15 remains favourable and cement prices in India are expected to improve going forward.

The Australian building materials company reported a 23% increase in profit after tax (before significant items) for the 6 months ending 31 December 2014.

The national construction industry remained in contraction in January, according to the latest Australian Industry Group/Housing Industry Association Australian Performance of Construction Index.

HeidelbergCement India, Ramco Cements and Mangalam Cement have reported figures for the October – December quarter.

The Confederation of Real Estate Developers’ Associations of India has urged the government to bring down the prices of cement and sand in Andhra Pradesh.

Ramco Cements reported a decline in income from operations to Rs.815.93 crore in the three months ended 31 December 2014.

Paul Maxwell-Cook concludes his review of the major countries that are making the headlines in the Far East.

India’s JK Lakshmi Cement reported a 31% y/y increase in net profit to Rs.18 crore in the October – December 2014 quarter.

Star Cement received the Most Preferred Cement Brand of the Year 2014 award at the 5th North-East Consumer Awards in India.

India’s ACC, part of the Holcim group, has reported its financial results for 2014, including an improvement in sales, profit after tax, cement prices and volumes.

India’s Wonder Cement Ltd has announced plans to increase its production capacity from 3.25 million tpy to 6.75 million tpy. The company has also appointed a new Executive Director.