Asia & Pacific Rim

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.

India’s Zuari Cement is running a new initiative to help young people in the communities around its facilities to develop the skills needed for self employment.

China’s Anhui Conch Cement Company Ltd recorded a 22.03% increase in revenue for the first six months of 2014 (ended 30 June).

According to local reports, Dalmia Group is planning a merger of its two listed cement companies Dalmia Bharat and OCL India.

Boral reports underlying improvements in its Construction Materials and Cement division, with an EBIT contribution of AUS$277 million.

According to the Australian Bureau of Statistics, the value of total construction activity contracted by 1.5% y/y in the quarter ended 30 June 2014.

Sika has increased its presence in Asia-Pacific with the establishment of a subsidiary in Sri Lanka.

Shree Cements and Jaiprakash Associates have entered into an agreement over the latter’s 1.5 million tpa grinding plant in Haryana state.

The company is reportedly seeking approval for a new integrated cement plant and quarry in the state, as well as a separate grinding plant.

Fauji Cement has reported its results for the full year ending 30 June 2014.

Berkh Uul Coal Project has signed an initial non-binding MoU with KCLC.