Asia & Pacific Rim

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.

The Natural Resources Defense Council (NRDC) outlines the steps that India is taking to grow a low carbon economy as the nation rapidly develops.

In the Indian state of Tamil Nadu, which yesterday launched a government-subsidised cement, builders have held a hunger strike to protest cement prices.

The Indian cement market is expected to achieve a compound annual growth rate of 8.96% during the 2014 – 2019 period, according to a new report published by Infiniti Research.

Tamil Nadu’s new Amma Cement scheme will provide customers with heavily subsidised cement for eco-friendly and low cost housing.

Cement sales in Pakistan increased by 6.23% to 17.12 million t in 1H15, compared to 16.11 million t recorded in 1H14.

In July – November 2014, Pakistani cement exports totalled US$229.849 million, increasing from US$225.557 recorded in the same period a year earlier.

Five of the eight core industries included in India’s Index of Industrial Production experienced y/y growth in November 2014, including cement and coal.