Asia & Pacific Rim

Reporting on its results for the first quarter of its current financial year, Lucky Cement said that local sales grew to 0.965 million t and net sales revenue rose 12.2%.

ACC posted a 62% increase in net profit for the quarter ended 30 September 2014, which was attributed to better cost management and improved realisations.

The company has reported two consecutive quarters of growth, with production and sales both up and operating profit considerably higher than the same period last year.

Pakistan’s Fauji Cement announced a net profit of Rs.602 million for 1Q15, a 3% y/y increase compared to Rs.582 million recorded in 1Q14.

Maple Leaf Cement and Kohat Cement have increased their profits for the June – September quarter, despite increased costs.

The People Management Association of the Philippines has recognised Cemex with the 2014 Employer of the Year Award.

Approximately 5.4 million t of cement was sold in the Philippines in 3Q14, 11.9% higher than the 4.8 million t dispatched in 3Q13.

DG Khan Cement Company reported profit after tax of Rs.1.16 billion for 1Q15, an 8% y/y increase compared to Rs.1.07 billion in 1Q14.

Lafarge Pakistan has carried out the second wave of a road health and safety initiative to provide employees with PRTS compliant vehicles.

The cement company launched a campaign to better communicate the key attributes of its brand.

The National Bureau of Statistics of China has revealed that cement production decreased by 2.2% y/y to 224.15 million t in September 2014.

Taiwan’s Industrial Technology Research Institute (ITRI) has revealed that its High Efficiency Calcium Looping Technology (HECLOT) can achieve a carbon capture rate of up to 90%.

Private equity portfolio companies participating in KKR’s Green Portfolio Program saved over 27 million m3 of water and recycled 1.6 million t of waste between 2008 and 2013.

According to reports, Semen Indonesia is planning to construct new cement facilities in Aceh, Sulawesi and Kalimantan, in addition to setting up a plant in Papua.

Indian media is reporting that the Aditya Birla group has bid for around US$1.5 billion of Holcim assets in Brazil and the Philippines being divested as part of the merger with Lafarge.