Asia & Pacific Rim

Prometheus Group and SMEC have formed a global partnership, which will initially focus on the cement and aggregates industry.

Grasim Industries Ltd’s Board of Directors has approved the proposed merger of Grasim and Aditya Birla Chemicals (India) Ltd (ABCIL), part of the Aditya Birla Group.

Volvo CE’s President, Martin Weissburg, outlined the company’s carbon reduction initiatives at the World Wide Fund for Nature 2015 Climate Savers China Annual Conference earlier this month.

Profit after tax was up by more than 50% y/y, but net sales were down for the Pakistani cement company.

The new Mariveles Dry Bulk Terminal in the Philippines will handle cement raw materials such as clinker, as well as coal, silica sand, steel fertiliser and other dry bulk cargo.

Pakistan’s Fauji Cement has reported its results for the first half of this fiscal (1H15), which show a 5% increase in cement sales volumes.

Tasek Corporation Bhd, Malaysia, has reported its FY14 and 4Q14 results, which show growth in revenue thanks to increased cement demand from major construction projects.

The 11th edition of the Birla White YuvaRatna Awards took place on 14 February at the Hotel Renaissance, Powai, Mumbai.

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.