Cement News tagged: International
Paraguay: cement price to fall 15%
Cement prices in Paraguay are forecast to fall 15 per cent and production raised by 18,0000 from its present 47,000 bags after several capital investments by Industria Nacional del Cemento (INC) are completed, according to Jorge Méndez, the cement company’s president. The largest investment relates to the fuel conversion of the kiln. “At present we are currently in the pre qualification sta...
Iran to increase cement exports to Iraq
Iraq has agreed to increase the volume of cement exports from Iran, a senior trade official has said. "As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh, Chazzabeh and Mehran border terminals," Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency, as quoted by Zawya news. He noted...
Raysut signs Somaliland jv terminal project
Omani producer Raysut Cement has announced that it has agreed a deal with Barwaaquo Cement of Somaliland to operate a joint venture terminal for the packaging and distribution of cement. The two companies will build a US$7.5mn terminal in the port city of Berbera which will have the ability to store and distribute both bagged and bulk cement set to be delivered from Oman by sea. It will ha...
Vanguard signs east Indonesian mining concession
Vanguard Mining Corporation has agreed with Yupolo Resources to buy 80 per cent of equity interest in the company and co-develop a 3500ha gypsum and limestone concession in Nusa Tenggara Timur, Indonesia. It is expected that the gypsum deposits will be in excess of 30Mt, while the limestone deposits are approximately 400Mt. The proposed mining concession is just 4km from the newly expanded ...
Eren Holdings to build cement plant in Cameroon
Turkey-based Eren Holdings has signed an investment agreement with the Cameroon government which will see its local subsidiary Medcem build a new cement plant in the African country. The new works is expected to add 0.6Mta to the domestic production base, which currently consists of Lafarge’s Cimencam 1.6Mta plant and the 0.5Mta Cimaf unit of Addoha. In addition, Dangote Cement has scheduled...
Egypt: Sinai Cement to self-finance coal conversion
Egypt's Sinai Cement (SCEM) said that its planned plant coal conversion worth EGP300m (US$42m) will be fully financed by the firm's cash flows. The company added in a bourse statement on Wednesday that it will not resort to neither loans nor credit facilities to fund the plant's conversion to coal. (Source: EGX & Arab Finance Editor)
Pick-up in south Indian prices
Cement producers with operations in the south of India are expected to see improvements in profitability helped by better price realisations and an anticipated increase in demand. Cement demand in south India is expected to be boosted after the formation of the Telegana state, ending political state, a report by the Economic Times of India stated. Moreover, prices in the south, particularl...
PCA praises action by Congressional leaders on nation's waterways
The Portland Cement Association (PCA) has said it applauds the US House of Representatives for passing legislation which protects states’ primary authority in protecting the nation’s waterways. The Waters of the United States Regulatory Overreach Protection Act (H.R. 5078) will provide appropriate safeguards against regulatory overreach while allowing industry the certainty it needs to contin...
PCA: demand growth in 2014 and beyond
Cement consumption is expected to grow in the United States through 2014, followed by additional gains in 2015 and 2016, according to a recent Portland Cement Association (PCA) economic forecast. Consistent with a report earlier this spring, cement consumption will increase 7.9 per cent this year compared to 2013 levels. The forecast indicates considerable evidence that the economy's growth p...
Indonesian August sales higher
Indonesia cement sales jumped 37.4 per cent YoY to 4.7Mt in August 2014 on the back of higher demand from the property and infrastructure projects. Widodo Santoso, chairman of the Indonesian Cement Association (ASI), said that the development of smelters, power plants, apartments, hotels, and social housing has been key to improved cement sales last month. However, the 37.4 percentage point...
State Window authority clears Bhavya Cements grinding plant proposal
The State Level Single Window Clearance Authority (SLSWCA) has approved the proposal by Hyderabad-based Bhavya Cements Ltd to set up a 3Mta cement grinding unit in in Dhenkanal district, Odisha state. "Of the 5-6 proposals that came up for the consideration of SLSWCA, we have approved the project of Bhavya Cements Ltd. The land requirement for the project will be assessed," the SLSWCA said.
Unicem cuts 32.5 grade prices, Nigeria
United Cement Company of Nigeria (Unicem) has decided to reduce the price of its 32.5 cement grade by NGN125, Bukola Adebisi, technical service engineer of the company, announced. The move comes again the backdrop of recent price reductions in the country, according to the company. “Incentives are on ground currently for the dealers and with the current atmosphere of cement prices, UNICEM man...
Beni Suef Cement gas and diesel supply halted
Beni Suef Cement announced that gas and diesel supply to its factories has stopped since 26 August 2014, according to a bourse statement on Monday. The firm added that when energy supply was halted, it had storage and a stock of clinker which prevented the company from being impacted during the period. Petroleum ministry said that the halt was occasional and will be resumed as soon as po...
China’s watchdog fines three producers for price fixing
China’s price regulator has fined three domestic cement makers CNY114m (US$18.58m) for price fixing, the National Development and Reform Commission (NDRC) said in a statement on its website. Among the firms were units of Jilin Yatai Group Co Ltd , China National Building Material Co Ltd and Tangshan Jidong Cement Co Ltd.
Argentina: cement demand down 4.1% YoY
In August, the Argentinian cement market was supplied by 993,397t of domestic production and 254t of imports as it saw consumption fall 7.2 per cent YoY to 993,651t. In addition, the country’s cement producers exported 10,598t, representing a YoY increase of 3.7 per cent. In the January-August period, cement consumption decreased 4.1 per cent to 7,238,484t when compared with the first eight...
US seven-month shipments reach 48.5Mt – preliminary data
Total Portland and blended cement shipments in the US and Puerto Rico for the seven months to the end of July 2014 reached 48.537Mt, preliminary data from the US Geological Survey (USGS) shows. Of the total, domestic supplies amounted to 44.672Mt while imports were 3.865Mt. In July 2014 alone, total shipments were 9.018Mt, comprising 8.242Mt domestically-produced cement and 776,071t of import...