Rise in cement prices in China sees Taiwanese firms profit
As a result of a recent cement price hike, Taiwan’s leading cement producers invested in China have posted profit in the first quarter.
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As a result of a recent cement price hike, Taiwan’s leading cement producers invested in China have posted profit in the first quarter.
UltraTech Cement has announced its financial results for the year ended 31 March 2011. As well as reporting a decline in sales, attributable to slower growth in cement demand, the company also revealed plans to increase cement capacity by 9.2 million tpa over the next three years.
Holcim Philippines is reportedly planning investments of around US$500 million in a new Philippine cement plant.
In India, KCP and JP Industries’ new plants are expected to commence production, increasing the installed capacity in the Krishna district by over 4.2 million tpa of cement.
Reliance Cementation has begun negotiations to acquire Sree Jayajothi Cements.
A boost in demand in the northern regions of India has benefitted BK Birla’s subsidiary Mangalam Cement.
The APCMA has recently announced its analysis of the July – March 2010/11 time period, highlighting a loss in domestic sales and exports.
Morgan Stanley has sold its final 8.8% stake in the Chinese Shansui Cement for US$222 million.
The Builder’s Association of India has recently announced its plans to set up four or more cement plants across India to combat the rising cement prices on the domestic market.
Cong Thanh Cement Plant Stock Joint Company has ordered bucket-elevators from AUMUND Fördertechnik for the likely record-¬breaking height of 150 m.
In this summary of the full Regional Report from World Cement’s March issue, Kong Xiang-Zhong, Secretary General of the China Cement Association, evaluates the influence of the country’s development strategy, 15 years after its introduction.
Siam Cement Group in Thailand has recently announced a 100 million baht marketing budget centred around its new innovative Tiger Cement product.