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Recently, cement production share in some eastern countries is rising. Some cone crusher giants are planning to increase investment, as well as some river bridge project. The Asian Development Bank (ADB) has approved a US$ 26 million technical assistance (TA) grant, financed by the Australian Government, to support the Central Mekong Delta Region Connectivity Project. The gearing ratio, which compares capital to borrowings, may rise to 110 percent at most in the half from the current 103 percent. On Friday, China Resources Cement announced an interim net profit plunge of 68.9 percent to HK$635.2 million.

The TA is part of the Australian Government’s commitment to provide a AU$ 160 million (US$ 171 million) grant to the Government of Viet Nam for the project, as announced by Australia’s Prime Minister during her official visit to Viet Nam in October 2010.

The company said at the weekend it was widening the distribution outlets by opening more mega depots and signing on new distributors so that the consumers could reap the full benefits of the increased local production.

Australia’s grant contribution will help finance the engineering, design and construction supervision of the project, as well as provide a major contribution to the cost of building the Cao Lahn Bridge across the Mekong River in Dong Thap province.

Dangote Cement, which accounts for over 70 per cent of the cement produced in Nigeria, has continued to invest more in its production capacity by expanding its production lines and establishing new plants.

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