Browse the latest asia & pacific rim news and articles.
Sanghi Industries, India, has purchased land in Kenya for construction of a new 1.2 million t cement plant. This move comes as part of a larger expansion programme, with the company increasing its capacity to 8 million t.
Shiva Cement, India, is in the process of considering setting up a 25 MW power plant.
FLSmidth has signed a contract worth €53 million (DKK400 million) with Indian National Thermal Power Corporation Limited (NTPC).
Sanghi Industries is looking to raise approximately RS660 crore to contribute towards an expansion programme that should triple the company’s capacity.
Cheung Kong Infrastructure Holdings has announced plans to construct a new cement plant in the Guangdong Province; while West China Cement’s Yangxian facility is scheduled to come online ahead of schedule this month.
Cement producers in Vietnam have announced plans to increase the price of cement as a result of rising energy prices.
The Competition Commission of Pakistan has provided a stabilising influence for cement prices in the nation.
Reports suggest that the Indian cement industry is likely to show growth above 12% in February, making it the third consecutive month to see double-digit growth.
ACC is entering new markets in Andhra Pradesh and increasing capacities elsewhere in India.
Cement demand to remain high, Taiwan Cement acquisition strengthens presence, BBMG purchases Beijing-based plants from Lafarge.
In January, Indonesia saw a 13% increase in cement sales, signalling the country’s return to economic growth after a flat period throughout 2009. Analysts expect cement sales to continue to grow in line with the economy this year – at a rate of around 6%.
Vietnam’s new status as an ‘economic cub’ is especially fascinating because the country has little experience with the ideas and institutions of market-oriented and pro-entrepreneurship reforms.