Asia & Pacific Rim

With the acquisition of Jaypee Cement’s Gujarat plant, UltraTech Cement has added to its network of dealers.

Pakistan’s Lucky Cement recorded profit after tax of Rs.11.344 billion for the half-year ended 30 June 2014, a 16.4% increase compared to the same period a year earlier.

India’s Binani Cement Ltd and Pakistan’s Lucky Commodities (Pvt) Ltd have been announced as the newest Market Members of the online coal trading community.

As part of its plan to expand its operations in the ASEAN region, Siam Cement will enter into a 50:50 joint venture (Global House International) with Siam Global House.

New data shows the cement industry grew 16.5% in July, up from 13.6% in June.

Vanguard Mining Corporation (VNMC) and Yupolo Resources will co-develop a 3500-hectare gypsum and limestone concession in Nusa Tenggara Timur, Indonesia.

Semen Indonesia is still in talks with an unnamed cement producer in Myanmar and continues its bid to expand in Southeast Asia.

Malaysia’s YTL Corporation Berhad achieved a 40.4% y/y rise in profit for the 12 months ending 30 June 2014.

Despite a 1.2% fall in construction work done in the June quarter, Master Builders Australia is confident that prospects for the country’s building industry will remain positive.

According to local press, a groundbreaking ceremony for Zeth Cement’s new cement plant in Chui province, Kyrgyzstan, took place on Friday.

New data from India’s Ministry of Statistics revealed GDP growth of 5.7% and a 4.8% increase in construction activity for the April-June quarter.

According to reports, Ramco Cements is set to invest up to Rs.3000 crore in a new cement plant in Andhra Pradesh, India.

Investor CNBM visits the 1 million tpa cement plant project in Mongolia to check on construction progress.

Adelaide Brighton reported a 3.9% increase in revenue but a 15.9% decrease in net profit after tax for the half year ended 30 June 2014.

Malaysia’s Cahya Mata Sarawak Berhad has reported a pre-tax profit of RM164.84 million in 1H14, and a 53% y/y increase in profit after tax and non-controlling interests.