Cement News tagged: International
Anhui Conch full-year profit rises 17%
Anhui Conch Cement Co's net profit rose 17 per cent in 2014 but warned that the cement sector in its home market of China was under pressure as the economy slowed. The company reported net profit of CNY11bn (US$1.77bn) in 2014, up from CNY9.4bn in 2013, it said in a filing on the Shanghai stock exchange. Some 23 analysts polled by Thomson Reuters SmartEstimate forecast a net profit of CNY11.5...
Vietnam Jan-Feb sales reach 9Mt
Vietnam sold 9.01Mt of cement and clinker in the first two months of this year, meeting 12.5 per cent of the whole-year target, according to figures from the country's Ministry of Construction (MoC). Of the volume, 6.76Mt of cement was sold in the domestic market and about 2.25Mt of cement and clinker was exported. In February, the country’s domestic cement sales stood low at 2.38Mt, main...
Honduras: cement price up HNL10.35 in past year
A 42.5kg bag of cement in Honduras has seen its price rise by HNL10.35 (US$0.48) in the past 12 months as the ex-works price was dollarised. In February 2014, the Ministry of Economic Development (SDE) and cement companies agreed to set the price at US$7.60/bag. From February 2014 to March 2015 the price rose from HNL157.10 to HNL167.45/bag. However, regional variations exist. In the ca...
Cemex launches new IUCN book in conservation series
Cemex yesterday announced the launch of a new book 'The IUCN Red List: 50 Years of Conservation' in the UK. This book is the latest in Cemex’s conservation book series, an initiative which dates back to 1993 and was launched following the United Nations Rio Earth Summit to help conserve the world’s natural resources. 'The IUCN Red List: 50 Years of Conservation' has been developed in partners...
Shadow rail minister visits Lafarge Tarmac Tunstead quarry, UK
Lilian Greenwood MP, Shadow Minister for Railways, visited Lafarge Tarmac’s Tunstead aggregates, cement and lime operations this week to discuss rail capacity and ideas to improve the local and national rail network. The Shadow Minister was joined by Cllr Caitlin Bisknell, the leader of High Peak Borough Council. Lilian Greenwood MP and Cllr Caitlin Bisknell were given a tour of the Tunstea...
Ha Tien 1 Cement seeks Indonesian coal import approval
Vietnamese producer Ha Tien 1 Cement JSC (HT1) is seeking government approval to import coal from Indonesia for cement production as the market price has fallen sharply along with the drop in crude oil prices. At present, HT1 is buying coal from Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) at US$100/t. Meanwhile, the coal price in Indonesia is US$52/t FOB. ...
Argentina’s February cement deliveries up 13% YoY
Total cement dispatches (including exports) from Argentina’s cement producers fell five per cent MoM in February, but rose 11.8 per cent YoY to 897,299t, according to cement association AFCP. Domestic deliveries reached 885,296t, down 4.6 per cent MoM but up 12.9 per cent YoY. Argentina imported 273t of cement in February, higher than the 227t reported for January. Exports fell 26 per ce...
Bangladesh, Indonesia and Taiwan top Vietnamese importers
Bangladesh, Indonesia and Taiwan were the top importers of Vietnamese clinker and cement in the first two months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 1.12Mt of cement worth US$43.19m from Vietnam in the period, while Indonesia came second with 559,188t worth US$27.2m and Taiwan ranked third with 170,296t worth US$7.39m. ...
Eurocement-Ukraine net loss widens
Eurocement-Ukraine (Kharkiv region) reported loss of UAH258.279m (US$10.3m) for 2014 compared to a loss of UAH 21.1m the year before. Ukrainian News reported that as at late 2014, the assets of the company made up UAH840.956m, receivables – UAH 159.678m, and current liabilities – UAH528.563m.
KHD closes 2014 with EBIT advance
KHD Humboldt Wedag International AG (KHD) reported EBIT of EUR 1.1m in the 2014 financial year, despite slightly lower revenue. The German equipment manufacture yesterday said its order intake for the year fell to EUR101.3m due to the “continued slow investment in the cement industry and the corresponding delays in awarding new orders.” The drop in revenue of 3.8 per cent to EUR240.2m is con...
JSW may shelve Gulbarga investment, India
JSW Cement planning to shelve its plan to set up a 3Mta clinker plant at Chittapur in Gulbarga, Karnataka district, temporarily as the company's short-term goal is to ensure that its Andhra Pradesh plant reaches full capacity, the Times of India (TOI) reported citing a senior company official. JSW Cement currently runs three plants Nandyal unit (4.8Mta) in Andhra Pradesh, Vijayanagar un...
Spain: February consumption up 8%
Spain’s demand for cement increased 8.3 per cent in February to 810,104t, when compared with February 2014, according to Oficemen, the country’s cement association. For the first two months of 2015, consumption advanced 6.6 per cent YoY to 1.6Mt. However, Oficemen CEO, Aniceto Zaragoza, highlights that more needs to be done to consolidate growth. "In continuing this trend, it will take m...
Sri Lanka: Tokyo Cement plans expansion project
Sri Lanka-based Tokyo Cement plans to invest US$50m on a capacity expansion of 1Mta to help cater for local demand requirements. The group has already formed a new subsidiary under the name of Tokyo Eastern Cement for the implementation of the project over the next two financial years. The project will receive a tax holiday of five years, and therefore a tax rate of 12 per cent. The company ...
Vietnam: Hoang Phat Vissai Group receives loan for project development
The Bank for Investment and Development of Vietnam (BIDV) has agreed to lend Hoang Phat Vissai Group VND6.3trn (US$296m) to to develop the Song Lam cement plant in the central province of Nghe An. The plant, which is being transformed from the Do Luong cement plant, is located in Bai Son commune, Do Luong district and has a production capacity of 18,000tpd of clinker. The first phase will la...
Saudi calls for lift of export ban to supply Egypt
Saudi Arabia’s cement producers have again asked the government to lift a three-year-old ban on their exports so they can supply Egypt with 6Mt of cement, according to Jihad Al-Rasheed, chairman of the national cement committee in the council of Saudi chambers of commerce and industry. “We are ready to export 6Mt of our cement surplus to Egypt following the signing of large contracts between ...
Moroccan cement sales dip 0.45% in Feb 2015
After registering a 5.61 per cent advance in domestic cement consumption in January 2015, Morocco’s cement market slipped 0.45 per cent to 1.137Mt in February, according to the Ministry of Habitation. For the first two months of the year, cement deliveries increased 2.42 per cent YoY to 2.22Mt. Despite lower sales figures in February, cement producers expect their deliveries to stabilise in...