Asia & Pacific Rim

Grasim Industries has reported a 20.14% decline in consolidated net profit for the April – June quarter.

The Pakistani company is gearing up for increased cement demand in the domestic market and a potential improvement in demand from Afghanistan.

Christian Pfeiffer has contracted Claudius Peters to supply storage silo handling and packing and palletising technology.

2Q14 results show flat cement sales in Thailand; the impact of new infrastructure investment is unlikely to be felt before 2H15.

The rising cost of electricity and the impact of foreign exchange losses led to a 3.79% decline in net profit for the Swiss-owned cement producer.

The IEA’s Energy Technology Perspectives 2014 focuses on how to increase use of renewables and clean up coal-fired power generation.

Sinoma Tianjin has signed a contract with Vakhdat Cement Company to design and build a 1000 tpd cement production line.

Cost-saving measures and increased sales contributed to a net profit of Rs.13.24 crore in the June quarter.

Ramco Cements witnessed a decrease in 1Q15 net profit, compared to the same period a year earlier, due to continued sluggishness in the domestic cement market.

Korea’s POSCO plans to sell Posfine, which produces pulverised slag for the cement industry, as part of its restructuring efforts.

Net income, sales and sales volumes were all up more than 8% in 1H14 for Holcim Philippines thanks to increased construction activity in the country.

BASF has broken ground on the second phase of its R&D facility in Shanghai, China, which will see it expand its Innovation Campus Asia Pacific.

Indonesia’s biggest cement producer sold 12.8 million t of cement in the first half, bringing revenue to Rp.12.88 trillion (US$1.13 billion).

Increased sales volumes and cost efficiencies boost profits for the Indian cement company, which reported a 157.7% rise in net profit for the June quarter.

Construction projects requiring water have been banned in Aurungabad while the city concentrates on preserving water for drinking.