Asia & Pacific Rim

The group’s strategy to replace flagging domestic business with exports in the ASEAN region is paying off, with a 12% increase in revenue from sales.

Maple Leaf Cement saw higher demand and an improvement in cement prices in the July – December period.

Both Semen Indonesia and Dangote Cement have announced a transition of power to new CEOs.

China’s coal production fell by 2.1% y/y in the first 11 months of 2014, according to data from the China National Coal Association.

Jurong Port, Singapore, is creating two green berths and investing in a ~10 MW solar power installation.

India’s UltraTech Cement Limited has recorded a 15% y/y increase in net sales for the December quarter.

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.