Cement News tagged: International
India: higher petcoke prices will hit cement companies
A near 75 per cent jump in the prices of petcoke, plus a similar rise in diesel costs combined with the policy of demonetisation, is likely to squeeze the margins of cement sector companies in the current financial year, says research firm Indian Ratings. Petcoke has shown an upward movement in prices to around US$60-70/t from US$40/t at the beginning of the financial year. “The rise in p...
Saudi Arabia: Yamama Cement secures US$266m for new plant
Saudi Arabia's Yamama Cement Company has secured SAR1bn (US$266.6m) to partially fund the building of a new plant, it said on Monday. The three-year financing includes SAR750m from National Commercial Bank and SAR250m from Samba Financial Group, the company said in its statement. The company signed a SAR4.2bn contract with thyssenKrupp Industrial Solutions in November 2015 to build the w...
Pakistan: Bestway Cement joins bidding for Dewan Cement assets
Bestway Cement Ltd has informed Pakistan Stock Exchange (PSX) on 30 Dec that it is considering acquiring the northern plant and related assets of Dewan Cement Ltd in Pakistan. Previously, three local cement companies and a Chinese company have expressed their intention to acquire stakes in Dewan Cement. “The final outcome will be dependent upon due diligence and any eventual bidding, if made...
Iran: gas outages halt production
Operations at cement plants in Iran have been disrupted by continuous gas outages every winter, according the the head of the Cement Employers Association (CEA), Mohammed Atabak. “The gas supply of cement plants is cut to meet household demand, causing a great deal of problems for cement producers,” said Mr Atabak. Two years ago cement industry officials cut a deal with the government to su...
India: demonetisation stalls Indian cement recovery
Cement demand is unlikely to recover for another year due to demonetisation and an increase in prices for diesel and pet coke that has placed cost pressures on most cement makers, according to a report in The Economic Times. In a survey conducted by JM Financial, cement volumes across multiple markets were adversely impacted following implementation of the government’s demonetisation policy...
Vietnam slows down cement capacity development
The Vietnamese cement sector has 20Mta overcapacity and must now slow down the pace of investment into new cement production, the government has decided. Vietnam’s cement industry development plan 2011-20, which was approved by the Decision 1488/QD-TTg in 2011 and which has until now supported the development of the industry, will be replaced by a new plan in response to current market cond...
Shree Cement Ltd to construct 5Mta plant in Bengal
Shree Cement is planning a 5Mta cement plant and a 20MW captive power plant at the villages of Parbatpur and Digha, Tehsil Raghunathpur, dist. Purulia, West Bengal. A railway siding, loading unloading system and residential colony will also be constructed. The total estimated cost of the project is INR6000m. The total land area is 104 acres. The project is waiting for environmental clearanc...
Ultratech to expand Chittorgarh limestone mine
UltraTech Cement, India, has proposed an expansion of the Aditya limestone mining project at Tehsil Chittorgarh and Nimbahera, district Chittorgarh, Rajasthan from 10Mta to 13.17Mta. The company has proposed expansion of clinker production capacity from 8.4Mta to 8.9Mta at the facility near Sawa Shambupura, district Chittorgarh. The enhanced limestone supply will allow the clinker expansion...
Nigeria: BUA Group to use local coal deposits at Sokoto
Cement Company of Northern Nigeria (CCNN), owned by the BUA Group, will use coal from local mines in Sokoto to generate power for its new 1.5Mta cement plant located in the north west of the country. A 40MW power plant is being constructed at the factory, which will use both coal and LPFO (Low Pour Fuel Oil), while the excess generated power will supply the national grid.
Shri Ram Industries commissions kiln in Jammu and Kashimir
Shri Ram Industries has commissioned an integrated plant at Battal Ballian, district Udhampur, Jammu and Kashmir. The factory consists of 150tpd clinker and 220tpd cement capacity. The unit was commissioned in October 2016.
Algeria: Prime Minister urges greater exports to Africa
Algeria's Prime Minister, Abdelmalek Sellal, inaugurated the 25th Algerian Production Fair (FPA) and visited a number of its pavilions stressed the need to diversify the national production and increase exports, notably towards the African markets, in a bid to meet the objective of the government programme. At the pavilion of the Groupe Industriel de Ciments d'Algérie (GICA), Mr Sellal stre...
Pakistan: industry demands anti-dumping duty in Iranian cement
All Pakistan Cement Manufacturers’ Association (APCMA) Chairman, Sayeed Tariq Saigol, has urged the government to support the cement industry by placing an anti-dumping duty on Iranian cement and decreasing taxes to make the domestic product more affordable to consumers. Such changes would increase cement demand and result in capacity enhancement, creating more job opportunities. He pointed...
Nigeria: BUA set to complete 1.5Mta Sokoto expansion by 3Q17
BUA Group subsidiary, CCNN, expects the construction of its new 1.5Mta line at the Sokoto plant to be complete before the 3Q17. Founder and Executive Chairman of BUA Group and Chairman of CCNN, Abdulsamad Rabiu, said the US$300m project, which began in 2013, is the first at the plant since 1986. BUA Group took over majority shareholding in 2010. Mr Rabiu also informed the Minister for So...
India: new MHI plant operational by January
My Home Industries Ltd (MHI) has announced the launch of its new cement plant in Tuticorin, Tamil Nadu. The plant is expected to start functioning from January 2017. Executive Director of MHI, Samba Siva Rao, said that the grinding unit at Tuticorin would expand the company’s market share in the southern market: “We are leaders in Andhra and Telangana. In Tamil Nadu we have about seven perc...
India: fuel cost rise puts squeeze on margins
The rising cost of coal and petcoke have put pressure on cement producers even as the impact of demonetisation is depressing demand and bringing down prices, the Business Standard reports. Cement prices in southern India have fallen by INR30 to about INR300 (US$4.42) a bag, while prices in the west are lower still, having slipped to INR245. Analysts believe that demand will fall by 15-20 pe...
Saudi cement and clinker inventories rise in 2016
The inventories of cement and clinker in Saudi Arabia increased since the start of 2016. Clinker stocks were up 2.4 per cent from 27Mt from 27Mt in October to 27.66Mt in November. Cement inventories slipped one per cent from 1.43Mt in October to 1.13Mt in November. The highest inventory was held by Saudi Cement company who held 218,000t in November 2016, from 199,000t in November 2016. Clin...