Cement News tagged: International
Tabuk Cement to add production line, Saudi Arabia
Tabuk Cement Company’s management board has approved an expansion project for the installation of a second 5000tpd line. The project also includes the construction of power generation unit to meet the needs of the new production line, SeeNews Middle East & Africa reports. In mid-April, TCC said it registered an increase in net profit to SAR49.2m (US$13.1m) for the first quarter of 2012 from ...
Euro output rebounds in March
Euro-construction output rose in March at the fastest rate in at least a decade, rebounding after severe winter conditions in February. Construction output in the 17 nations that use the euro jumped 12.4 per cent in March from February, the first rise since November and the biggest since records began in 2001, the region's statistics agency Eurostat said. Large rises in construction activ...
Lafarge Cement Wapco shareholders see bright future, Nigeria
Shareholders of Lafarge Cement Wapco have said that the strategies board and management are have put place in recent times will stand the company in good stead. The National Coordinator, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, told local press during an investors' forum of the company, that investors were very happy with the progress the company had begun to ...
Tanga Cement plans second kiln line, Tanzania
Tanga Cement, Tanzania’s second-largest cement producer, said it plans build a second kiln line as it aims to increase exports to member states of the East African Community trade bloc. The new kiln will increase clinker capacity from 500,000tpa to 600,000tpa and is planned to be commissioned in the first quarter of 2015. FLSmidth of Denmark has since confirmed that it is negotiating a contra...
Bangladesh growth potential - comment
Cement production in Bangladesh almost doubled in the past five years, but the country's per capita consumption is still one of the lowest in the world, according to Lafarge Surma’s managing director in a recent interview with local press. Speaking to the Daily Star on the potential for cement demand in the country, MD Mike Cowell, said: “Per capita cement consumption in Bangladesh is less t...
TPI Polene 1Q profit falls 17%, Thailand
TPI Polene posted a normalised profit of THB299m for 1Q12, down 71% YoY, but a marked improvement from a loss of THB105m in 4Q11. The YoY decline was mainly due to gross margin drop from 32.3% to 18.3% due to lower cement and LDPE margins; and a 21% jump in S&A expenses. Cement margin narrowed YoY due to a THB200/t YoY fall in local cement prices. The QoQ improvement stemmed from 27.5% s...
Irish Cement workers reach settlement, Ireland
Workers at Irish Cement, a subsidiary of CRH, on Friday voted to accept proposals agreed between the company and worker representatives which provides a settlement to the dispute at plants in Castlemungret, Co. Limerick and Platin, Co. Meath. SIPTU Organiser, Karan O'Loughlin, said: "The workers have voted by a large majority to accept the proposals agreed between worker representatives and...
US cement: on the recovery path
This week saw US building materials producer Eagle Materials report a return to profitability in its fiscal fourth quarter with the company noting an improvement in construction activity across most of its markets. These favourable results reflect an overall trend witnessed by a number of producers in recent quarterly figures, giving rise to optimism that a US recovery may be on the way. Ce...
GCC Dacotah plant considers expansion, USA
The GCC Dacotah cement plant in Rapid City is considering a US$100m expansion of its main production line, according to local press reports. The upgrade would increase the plant’s production capacity by about 20 per cent while allowing it to remove two 1950s production lines that have been idle since 2008, plant manager Steve Post said. A construction permit application for the project i...
Polimeks plant construction underway, Turkmenistan
The construction of Turkish company Polimeks new 1Mta cement plant in the Lebap region, Turkmenistan is underway, Neutral Turkmenistan reported. The main technological and additional equipment is being assembled on site and construction work on the social facilities has been completed. The railway line has been laid to the factory and a highway is being built. Most raw materials such as ...
Sibirsky Cement output rises 23% YoY Jan-Apr
Sibirsky Cement increased cement output by 23% YoY to 982,000t in January-April, according to the holding’s statement released Friday. Cement sales amounted to 978,400t in January-April, up 23.6% on the year.
Cementos Argos bond offering, Colombia
Colombia's largest cement firm, Cementos Argos raised COP700bn (US$389m) through its bond offering on May 16. The offering was 2.17 times oversubscribed, the company said in a press release. The issuance was comprised of three tranches, maturing in 6, 10 and 15 years. In April, Cemargos raised 300bn pesos through a bond issuance, with 18-month, two and three-year maturities, as part of the c...
Ndola Lime plans cement production venture, Zambia
Zambia-based Ndola Lime Company (NLC) has commenced discussions with potential partners for a joint venture cement plant project on the Copperbelt. Abraham Witika, company chief executive officer, has received numerous offers from interested partners and a feasibility study is being undertaken, reports the Times of Zambia. During a tour of the Ndola Lime Company plant on Monday by Mines ...
Adelaide Brighton forecasts slight rise in sales, Australia
Australia-based Adelaide Brighton expects a slight improvement in sales as market challenges continue. Managing director Mark Chellew said sales of the cement products would be marginally higher in 2012 than in 2011 Demand was robust in South Australia and Western Australia due to infrastructure and mining projects, but the timing of sales to those projects would influence the company's 2...
JK Lakshmi capacity to reach 8.5Mta by end-2013, India
JK Lakshmi Cement Ltd's capacity is expected to rise to 8.5Mt by end-2013 from 4.7Mt currently, Whole-time Director Shailendra Chouksey said at a conference organised to announce the company's Jan-Mar earnings. The Rajasthan-based company reported Jan-Mar net profit of INR303m, down 5.2% YoY. Net sales for the March quarter rose 27.8% to INR5.26bn. JK Lakshmi Cement commissioned...
Qatar consumption seen rising at a CAGR 15% to 2015
Cement consumption in Qatar will grow at a compound annual growth rate (CAGR) of 12% up to 2015, according to a report by Commercialbank Capital. Qatar’s current production capacity stands at 6.2Mta, Commercialbank Capital said in its first report on Qatar’s construction sector. The existing demand can be met by the current production. However, Commercialbank Capital expects consumption ...