Indian cement companies report higher incomes and reduced losses
Shree Digvijay Cement Company and Trinetra Cement have reportedly increased their incomes and reduced net losses in the July – September quarter.
Asia & Pacific Rim
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CTIEC wins contract for new Indonesian cement plant
China Triumph International Engineering Co., Ltd has signed an EPC agreement for a 6000 tpd hydrated cement production line project.
India: low carbon energy transition could free up US$600 billion in investment capacity
New analysis by CPI demonstrates that, with the right policies, India’s transition to a low carbon energy system could free up significant financial capacity over the next 20 years.
India Cements posts first profit in six quarters
India Cements has recorded net profit of Rs.7.49 crore for the July – September quarter.
Pakistani cement sales volumes up almost 9% in first 4 months
Cement sales volumes have risen in Pakistan, though there is regional disparity in terms of exports versus domestic sales.
Asia Cement China performs well in challenging environment
Asia Cement (China) Holdings Corp has reported increased revenue and profit for the nine months to 30 September as sales volumes grow by 16%.
Shree Cements profits down on higher expenses
Sales and operating income were up for the Indian cement company, but higher operating expenses brought net profit down for the quarter ended 30 September.
China publishes new guidelines for greenhouse gas emissions reduction
As part of the new 2014 – 20 National Plan to Cope With Climate Change, the Chinese government will limit carbon dioxide emissions from the steel and cement industries.
Australian construction surge eases in October
The Australian construction industry expanded for a fifth consecutive month in October but its rate of growth eased from September's record high.
Australian construction sector awaits infrastructure lift
The latest Ai Group/ACA Construction Outlook survey has forecast a fall in total non-residential building work as well as employment as resource-related project activity winds down from its recent historically high levels.
Terra Cement Inc. forms joint venture for sustainable cement production in Australia
Terra Cement Inc. has entered into a joint venture agreement with South Australia’s Ore Mines International Pty Ltd to form a new company – Terra Cement Australia Pty Ltd.
Tasek Corporation posts 7.1% fall in third quarter profit
Malaysia’s Tasek Corporation Bhd recorded a 7.1% decline in profit in the quarter ended 30 September 2014 due to lower profit margins from its cement division.
Taiwan Cement Corp. reportedly acquiring China’s Sichuan Railway Group Cement Co.
According to local press, Taiwan Cement Corp. is to purchase China’s Sichuan Railway Group Cement Co. via its Hong Kong-based subsidiary TCC International Holdings Ltd.
Holcim Philippines reports rise in revenue for 3Q14
Higher costs related to maintenance activities put a dent in the company’s margins, but net income rose 4.4% and gross revenue was up 18.2% in the quarter.
Ambuja Cements achieves a 46.1% increase in operating EBITDA
Ambuja Cements Ltd has reported an increase in net sales, operating EBITDA and net profit after tax for the July – September 2014 quarter.