Cement News tagged: International
Lucky Cement domestic sales boost full-year profit, Pakistan
Lucky Cement reported a 71 per cent rise in full year net profit as domestic sales offset a decline in exports. Net income was PKR6.78bn (US$71.8m) in the 12 months ended 30 June with a PKR3.97bn (US$623.5m) a year earlier, the Karachi-based company said in a filing to the stock exchange. Revenue rose 23 per cent to PKR39.1bn while sales were three per cent higher at 5.97Mt. Domestic ...
Indocement gears up to meet rising demand, Indonesia
PT Indocement Tunggal Prakarsa has said it will continue to raise capacity to meet increasing domestic demand with three new factories planned to come on-stream by 2016. The new facilities are to be built in Citereup (West Java), Pati (Central Java) and another outside Java. Construction of the Citereup factory, which will have a capacity of 4.4Mta, will start construction before the end of ...
ACC sees Indian demand rising 10 per cent YoY, India
Indian cement major ACC has said cement demand may grow at a healthy rate of 10 per cent in 2012 but subdued capacity utilisation and higher raw material costs will keep prices under pressure. "The demand for cement is expected to grow at 10 per cent over 2011. A lower utilisation rate coupled with increase in cost of raw materials and increasing logistics costs are likely to keep overall p...
New plant set to begin operation, Angola
The new Cimenfort factory, owned by the Genea Angola Group, will come into operation on the 22nd August 2012 in the municipality of Catumbela, Benguela Province, according to a statement released by the company. According to the release, production capacity of the plant in the first phase will be 720,000tpa while the second phase – scheduled for completion in 2013 - will see capacity reach ...
Essroc officially opens rail project, USA
Essroc Cement’s plant in Martinsburg, West Virginia, has celebrated the completion of a US$10m railroad spur project that is expected to help a cement producer ship thousands of tons of product each year via raill. About 100 people attended the official opening ceremony for the 1.2-mile rail spur, which connects the Essroc cement plant to Winchester & Western Railroad just south of Martinsbur...
Argentina July shipments edge ahead YoY
Argentina cement plants shipped 912,106t in July 2012 - including exports - a rise of 0.7 per cent from June but down two per cent from the same period a year ago. According to provisional data of the Association of Portland Cement Manufacturers (AFCP), dispatches destined for domestic consumption totaled 904,169t, 1.8 per cent more than in June but 0.8 per cent below the July 2011 placemen...
Malabar Cements seeks thermal coal supply, India
Malabar Cements Ltd. is seeking to buy 12,000t of thermal coal, according to a document on its website.The state-owned cement maker based in Kerala is seeking coal with 5,500kcal/kg on an air-dried basis, 12 per cent maximum total moisture, 23 per cent maximum ash and one per cent maximum sulphur to be delivered at the port of Cochin, according to the tender document. Bids will be opened on Se...
July sales rise six per cent YoY, Brazil
The latest preliminary data and market estimates from the Brazilian cement market show that domestic cement consumption in July 2012 reached 5.8Mt, up six per cent on the same month of the previous year. On a month-on-month basis, July 2012 sales were 2.9 per cent higher than June 2012. For the 12 month rolling period (August 2011-July 2012), sales were 67Mta, representing an 8.4 per cent...
Indonesia’s July sales rise 9.9 per cent
Indonesia's domestic cement sales rose 9.9 per cent in July from a year ago, up from 9.5 per cent in June, data from the country's biggest cement firm PT Semen Gresik Tbk showed on Monday. Southeast Asia's biggest economy consumed more than 4.8Mt of cement in July, up 7.2 per cent on a monthly basis. The Moluccas islands and Papua led July growth at 51.1 per cent, while main islands Java...
UK construction shrinks 10 per cent YoY
UK construction output figures for 2Q12, published by the Office of National Statistics (ONS) on Friday, confirm that nearly every sector of construction activity, from private to public and from housing to infrastructure, has shrunk considerably over the last year and that overall, construction activity across Great Britain has contracted by 9.5 per cent in a year. The figures reinforce a ...
Qatar National Cement issues tenders for new plant
Qatar National Cement Company has issued a tender for the construction of a new cement plant at its Umm Bab base According to reports in Construction Week, the company said that it has outlined two separate options for the plant, which is 82km outside of Doha: one would be capable of producing 5000tpd of clinker and the second would be capable of producing 7000t. The firm said that a tender ...
Gansu Qilianshan hit by declining prices, China
Gansu Qilianshan Cement Group Co said that its net profit attributable to shareholders plunged 89 per cent YoY to CNY26.49m (US$4.2m) in the first half of this year due to a sharp fall in selling prices Basic earnings per share for the period were CNY0.06, less than CNY.52 it booked in the corresponding period of last year. According to a statement filed with Shanghai Stock Exchange, the...
Indian cement prices ease
Indian cement prices have started to ease over the past two weeks, declining by an average of two per cent, according to reports in the Business Standard of India. Markets had been witnessing a continual increases despite the Competition Commission of India’s cartel ruling back in June However, the average nationwide price of cement has fallen from INR310/50kg bag to INR304/bag. Heavy ra...
Bolivian first-half sales rise 10.62 per cent
In the first half of this year, Bolivian sales increased by 10.62 per cent compared to the same period of 2011 and manufacturers expect demand will continue to rise. According to the Bolivian Institute of Cement and Concrete (IBCH), in the first six months of 2012 1,271,069t of domestic cement were sold and 52,382t imported, totaling 1.3Mt. In the same period in 2011, 1,196,312t of domest...
USA May shipments rise 15.9 per cent
Total shipments of Portland and blended cement in the United States and Puerto Rico for May 2012 were 7.5Mt – 15.9 per cent higher than shipments in May 2011. Shipments for the year through May were 29.4Mt, up by about 18 per cent. The leading producing States in May were Texas, Missouri, California, Michigan, and Florida, in descending order, and accounted for 42 per cent of total output. ...
Independents struggle under southern excess capacity, India
Two years of flat growth in south India has pushed independent cement firms to seek buyers, according to a report in the Times of India. After news of Sree Jayajothi Cements looking for buyers, the paper has learnt that the promoter of Bhavya Cements is also scouting for suitors. South India is reeling under excess capacity and cement manufacturers are operating their plants at only 70-75 ...