Cement News tagged: International
Pakistan cement exporters earn US$499m in FY2011-12
Pakistan cement manufacturer and exporters during FY2011-12 (July-June) exported 8.257Mt of cement and earned US$498.909m compared to 9.299Mt at US$457.448m in corresponding period last year, according to data released by Federal Bureau of Statistics. This shows that cement exports fell by 11.21 per cent in terms of quantity but rose 9.06 per cent in dollar value over the corresponding period...
Holcim could face 20% fine, Brazil
Holcim may be issued with a fine this year for price fixing practices in Brazil, a third less than the maximum that was expected, BusinessWeek reports. Brazil’s antitrust regulator Cade is expected to issue a penalty of 20 per cent of Holcim Brasil’s 2005 revenue, according to a source familiar with the matter. Holcim may receive a fine of as much as 30 percent of Brazil revenue in that...
Malaysian price hike on the cards
Speculation is rising that cement prices in Malaysia will rise, however, industry sources are unsure whether will actually transpire. Ching Liong Building Materials Distributors Association of Malaysia president New said, to date, there are no indications to signal a rise in cement prices compared to a few weeks ago when one factory raised its prices. "The situation has, however, stabilise...
Siam City revises 2012 demand forecast upwards
Siam City Cement, part of the Holcim group, has revised upwards its 2012 cement consumption outlook to six per cent due to good economic growth and the expected launch of government flood-prevention projects in the second half. Earlier the company had anticipated growth of five per cent. Chief executive Philippe Arto told the Bangkok Post that the market expanded by 6-8 per cent in the firs...
Gresik market share slips, Indonesia
PT Semen Gresik has lost market share in the first half of this year due to production growth being slower than increases in Indonesian consumption. In the first half of the year, state-owned Gresik sold 10.3Mt of cement, up 12 per cent YoY, and accounting for 39.7 per cent of Indonesia’s total cement sales. However, in the first half of last year, Gresik had a 40.7 per cent market share w...
Higher sales and prices boost UltraTech first quarter
India’s leading cement producer UltraTech Cement has reported a 14 per cent rise in net profit for the first quarter of the current fiscal (1QFY13) thanks to higher sales and increased prices The company reported on Friday that net profit rose to IN7.78bn (US$141m) from INR6.83bn in the same corresponding period of the previous year. Sales increased 17 per cent to INR50.75bn compared to INR...
Sancim Cement to build new plant in Adana, Turkey
Sancim Cement is to build a new cement plant in Adana, southern Turkey, according to daily Milliyet. The plant will be able to produce 1.7Mta of clinker and 2Mta cement and the investment period is expected to be around 20-22 months.
Vietnam cement prices drop on weak demand
The price of cement in Vietnam has dropped to VND100,000/t (US$4.8) in the first half of 2012 due to low demand and high stockpiles, according to the Vietnam Cement Association. For the six months to June 2012, cement production and consumption fell 10 per cent YoY to 24.3Mt and 23.6Mt, respectively. Local producers have exported 3Mt of clinker and 700,000t of cement in the first half of...
Concerns over Nepal cement factory closure, Nepal
The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has expressed concern over the closure of Arghakhanchi Cement’s mine situated at Narpani, Arghakhanchi district, condemning the violence on the mine staff. According to reports in the Himalayan Times, due to the vested interests of some people, the company has been unable to operate the mine and is bearing huge losses. ...
India first quarter market expectations
Indian cement companies are expected to post higher net profits and sales in the first quarter of the current fiscal (April-June FY13) thanks to improved prices and higher demand. However, gains in profits for most cement companies will be impacted by rising costs owing to higher railway-freight charges. Besides, rupee depreciation will increase the cost of imported coal, a key raw mate...
Dominican Republic cement prices rise
The president of the Dominican Republic’s housing builders and developers grouped in Acoprovi expressed surprise at the rising price for a bag of cement charged by some producers, Dominican Today reports. Fermin Acosta’s reaction comes just days after the price of a bag of cement increased by 30 pesos. "We weren’t expecting an increase, on the contrary, considering that there’s been lower pri...
Xinjiang Tianshan Cement to issue CNY400m of bills
Xinjiang Tianshan Cement Co Ltd said it plans to issue CNY400m (US$62.7m) worth of unsecured short-term bills with a maturity of 365 days on July 24th. Shanghai Pudong Development Bank Co Ltd is the lead underwriter for the issuance. Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AA and A-1 respectively. The company stated that CNY110m of the pro...
CMS addresses cement Sarawak shortage, Malaysia
CMS Cement, Sarawak’s sole cement producer, has assured that the current shortages being experienced by the construction industry in Miri will be resolved by next week. Sarawak is situated on the island of Borneo and is one of two states, with Sabah, comprising what is referred to as East Malaysia. Sarawak is Malaysia’s largest state with around 37 per cent of the total land mass and has a ...
New cement factory set for Mozambique’s Manica province
A cement factory is to be established in the Manica province of Mozambique, according to its Mayor Eusébio Lambo Gondiua said that contacts have been made with the relevant authorities and in coordination with the Barue district government in order to ensure the project would be carried out. The location of the factory has already been selected, according to the Mayor. Currently, the Don...
Vietnam to propose association for exporters
Vietnam has called for domestic exporters to cooperate in fair pricing and is proposing to establish an association for cement and clinker export firms as the country looks to alleviate an increasing cement surplus. According to local press reports, Vietnam’s Ministry of Construction is proposing the new association which would help curb 'unhealthy competition' among these export companies ...
Indonesia’s June sales rise 9.5 per cent
Indonesian cement consumption increased by 9.5 per cent to 4.5Mt in June 2012, data from PT Semen Gresik showed on Monday. Cement sales for the first half of 2012 were 25.9Mt with the main islands of Java and Sumatra being the largest consumers.