Asia & Pacific Rim

Bharathi Cement Corporation Pvt. Ltd, a subsidiary of the Vicat Group, has received an award for ‘Asia’s Most Promising Brand’ from the World Consulting and Research Corporation.

Despite a slow start to the quarter, the Indian cement company achieved a 36% rise in net profit.

Lafarge has extended the closing date for the MTO applicable to minority shareholders of Ashaka Cement in Nigeria, and is reportedly buying back a <15% stake in Lafarge India.

According to Ashok Chawla, Chairman of the Competition Commission of India, a decision on the Lafarge-Holcim merger will be made within a month.

The Indian cement company plans to invest Rs.250 crore on a 15 MW waste heat recovery system and its facilities at Navlakhi Port in Gujarat.

According to the latest CommSec State of the States report, construction work was higher than decade averages in all Australian states and territories in the September quarter.

The latest cement industry news from JSW Group, UltraTech and Dalmia Cement (Bharat) Ltd.

Semen Indonesia has yet to reach an agreement with its proposed JV partner in Myanmar, while Siam Cement Group is planning a new retail venture in the country with Siam Global House Plc.

Timetric’s Construction Intelligence Center (CIC) reports that the major economies in the Asia Pacific region are set to spend over US$1 trillion in industrial sector projects in the next few years.

Vanguard Mining Corporation has named PT Yudha Bahkti Menggala as its exclusive partner for logistics and sea transportation of construction aggregates, including construction and reclamation sand, to Singapore’s construction market.

The nationwide ETS is said to be the second largest in the world and is a key component of the government’s aim to reduce emissions by 30% by 2020 against current levels.

India’s Dalmia Cement (Bharat) Limited has held a celebration to mark two years of successful operations in the region.

Cement consumption growth came in at 3.3% y/y in Indonesia in 2014, down on the Indonesian Cement Association’s forecast of 3.5% – 4%, a figure that had already been downwardly revised from 6%.

At the Vibrant Gujarat Summit, the Aditya Birla Group and Reliance Industries announced investment plans for the state.

All four construction sub-sectors in the Australian Industry Group/Housing Industry Association Australian PCI® contracted in December 2014.