Cement News tagged: International
Pakistan export pressures continue through FY14-15
Pakistan exported 7.682Mt and earned US$443.63m in FY14-15 (July 2014 - June 2015) compared to 8.81Mt at US$508.15m, according to data from the country's Bureau of Statistics. The data translates to a fall of 12.88 per cent and 12.77 per cent in terms of quantity and revenue, respectively. Statistics show that exports to Afghanistan were down by 21.4 per cent to 2.87Mt compared to 3.65Mt ...
Indocement plans to close three inefficient lines, Indonesia
Indocement Tunggal Prakarsaplans, part of the HeidelbergCement Group, plans to discontinue production activities of lines P1, P2, and P6 at its flagship Citeureup works, Indonesia. "We seek to stabilise margins this year by shutting down factories that are not efficient, including factories P1, P2, and P6 in Citeureup with a total production capacity of 1.2-1.5Mta," Indonesia Finance Today qu...
Argentina: July cement demand climbs 12.6% YoY
The Argentinean cement market expanded by 1.3 per cent MoM and 12.6 per cent YoY in July 2015, according to domestic cement producers’ association, AFCP. The country’s cement plants dispatched 1,073,762t, including 4140t of exports, a YoY increase in total deliveries of 11 per cent and a MoM rise of 1.3 per cent. No cement was imported. For the year to date, domestic consumption advance...
Bestway Cement signs MoU with NUST Institute of Civil Engineering, Pakistan
Bestway Cement signed an MoU with NUST Institute of Civil Engineering on 27 July to promote the research and development of cutting-edge, innovative construction materials and building solutions in Pakistan. Present at the MoU signing were Irfan Sheikh, director of finance & CFO of Bestway Cement & Pakcem Ltd and Asif Shah, director of Administration and Marketing. Speaking on the occasio...
Fives facilitates Suez Cement's fuel substitution strategy
In the framework of a firing conversion to coal and petcoke, Fives will deliver a new FCB TSV™ classifier to to Egypt-based producer Suez Cement Co for the modernisation of a vertical ball mill and the optimisation of solid fuel grinding plant operations. Through the installation of its high efficiency third-generation classifier, Fives will enable Suez Cement to increase grinding plant capa...
Dangote inaugurates Zambian plant
The Dangote Group on Tuesday inaugurated its 1.5Mta cement plant in Zambia together with a 30MW coal plant to power the factory. The project was inaugurated by Zambia's President, Edgar Chagwa Lungu, at Masasiti district, Ndola, Zambia. The plant began operations in June and is selling both 32.5 and 42.5 grade cement to meet local needs.
PCA: "Clean Power Plan" will impact all segments of US economy
Yesterday, President Obama authorised new US Environmental Protection Agency (EPA) regulations on emissions of CO2 from power plants. "These unprecedented regulations will have enormous impact," said James Toscas, president and CEO of the Portland Cement Association (PCA). "Everybody, including EPA, agrees that they will boost the cost of electricity, which in turn will increase the cost o...
Thermo Fisher Scientific Ecublens plant wins 2015 Swiss Industrial Excellence Award
Thermo Fisher Scientific today announced that its Ecublens, Switzerland, plant is the recipient of the 2015 Swiss Industrial Excellence Award, as chosen by an international jury of operations management professors from INSEAD and HEC Paris, and is also now a finalist for the European Industrial Excellence Award. Thermo Fisher Scientific’s Ecublens plant, Switzerland – recipient of the S...
LafargeHolcim Ltd to launch squeeze-out for remaining Lafarge SA shares
LafargeHolcim Ltd announces that it has decided to initiate a squeeze-out process for all issued and outstanding shares of Lafarge SA. After surpassing the necessary 95 per cent threshold in share capital and voting rights and following a decision by the Board of Directors, LafargeHolcim Ltd plans to request the AMF to implement a squeeze-out procedure pursuant to their general regulations ...
US Senate passes DRIVE Act
By a bipartisan vote of 91 to 4, the US Senate on Thursday passed a six-year surface transportation authorisation. Passage of the “Developing a Reliable and Innovative Vision for the Economy Act” or the DRIVE Act represents "a major step toward completion of a robust highway bill this fall," the Portland Cement Association (PCA), highlights. Co-sponsored by Senators James Inhofe (R-OK), Bar...
European Commission closes antitrust proceedings
European Union antitrust regulators on Friday scrapped a cartel investigation launched on 8 December 2010 against a number of cement producers with operations in Europe including Lafarge, Cemex and HeidelbergCement after failing to find evidence of a cartel. The European Commission (EC) opened the case with dawn raids in November 2008 and September 2009. It concerned anti-competitive practic...
MPA: subdued 2Q sales, prospects positive
Sales volumes of aggregates and ready-mixed concrete were four per cent higher and asphalt 10 per cent higher in the second quarter of 2015 than in the same quarter of 2014, latest data from the MPA shows. For the half year to June, sales were also positive in comparison with 2014, with aggregates and concrete seven per cent higher and asphalt sales 10 per cent higher. There are nonetheless i...
Indonesian producers predict 2016 market pick-up
PT Semen Indonesia and its subsidiary Semen Gresik are optimistic the domestic cement market will improve in 2016 despite tight competition. Bambang Joko, head of sales at state-owned PT Semen Indonesia, blamed this year’s economic slowdown on the current decline in cement consumption. "But the slump would not last long. Demand would rise in 2016," he said. His comments highlight that in...
Colombia cement market expands 10.2% in June
Colombia’s cement dispatches rose 10.2 per cent YoY in June to 1.0121Mt as building companies and contractors increased their demand by 25.8 per cent. Cement production reached 1.0292Mt, up 4.9 per cent when compared with June 2014. In the first half of 2015 the Colombian cement market expanded by 6.6 per cent YoY to 6.0674Mt. The departments of Nariño, Cesar and Magdalena saw the strongest ...
Philippines: cement sales rise 11% in 1H15
Cement sales rose steeply in the first six months of the year behind robust construction activities in the country, the Cement Manufacturers Association of the Philippines (CeMAP) said. CeMAP president, Ernesto Ordoñez, stated total cement sales rose 11.1 per cent to 11.91Mt in the first half of the year from 10.72Mt in the same period in 2014. Ordoñez said construction activity remaine...
Nepal: IBN approves Chinese investment in cement plant
Investment Board Nepal (IBN) has approved a foreign direct investment (FDI) proposal worth NPR36bn (US$352m) made by Hongshi Holding Group of China. Hongshi Holding Group's proposal to invest in the establishment of a new cement factory in Nepal in partnership with Shivam Cement (P) Ltd was approved at the board meeting held by IBN and chaired by Prime Minister Sushil Koirala on Tuesday. S...