Cambodia: Chip Mong Insee Cement has commissioned a 9.8MW solar power system provided by Cleantech Solar. The system includes a 2.8MW floating solar power plant deployed on the plant’s reservoir and 7MW installed across multiple rooftops of the site. In addition, the deployment of the floating solar system will shield the reservoir from wind and the direct hot midday sun which is expected to reduce water loss through evaporation, contributing to Chip Mong Insee Cement’s water conservation efforts.

Cleantech Solar is a provider of renewable energy to companies in Southeast Asia and India. Based in Singapore, it owns and operates more than 120 solar power plants across the region, representing over 200MW of projects, with the majority in operation and the rest under construction and development.

Saudi Arabia: Saudi Cement Company’s revenue fell by 5.5% year-on-year to US$299m in 2018 from US$316m in 2017. Its net profit decreased by 11.7% to US$107m from US$121m. It blamed the loss of profit on poor domestic sales, rising selling and marketing costs and an increase in Islamic finance costs.

Malaysia: Cahya Mata Sarawak’s (CMS) sales from its cement division rose by 7% year-on-year to US$137m in 2019 from US$128m in 2017. Its operating profit fell by 11% to US$22.2m from US$24.9m. CMS attributed the drop in profit on repair costs from maintenance to its integrated plant at Kuching. Rising international clinker prices were also blamed.

Turkey: Akçansa’s sales revenue grew by 13% year-on-year to Euro285m in 2018 from Euro252m in 2017. Its net profit increased by 21% to Euro29.8m from Euro24.7m. The joint venture between Sabancı Holding and Germany’s HeidelbergCement attributed its sales growth to continued efforts to protect its domestic market against competition and its growth overseas. Umut Zenar, Akçansa General Manager, said that the company started exporting products from Ambarlı Port in 2018. The cement producer aims to double its exports during 2019.