Cement News tagged: International
PCA: modest cement demand growth for 2012, greater growth beyond
Stronger than expected job creation and the beginning of a construction industry recovery means gains in real construction spending will materialise this year—after seven years of consecutive declines. According to the new forecast from the Portland Cement Association (PCA), increases in cement consumption will follow. PCA revised its fall forecast upward, anticipating a modest 3.7 per cent ...
Madras Cements sees 20 per cent growth in FY12-13
Madras Cements expects a 20 per cent growth in its top line in the current financial year (2012-13) buoyed by expected cement deman growth in the south and the company’s renewed focus this year on a few states in the east and west. Capacity utilisation is also expected to go up by over 10 per cent during the year. The cement industry has always gone through this demand – supply mismatch, sinc...
Eurocement places order with KHD for new plant, Russia
Leading Russian cement producer Eurocement has placed an order for more than €80m with KHD for a new cement plant to be built in Stavropol, Russia. The contract between Stavropolsky Zavod Stroitelnih Materialov, a member of the Eurocement group, and ZAB Zementanlagenbau GmbH Dessau, a subsidiary of KHD Humboldt Wedag International AG, is for a new cement plant with an output of 1.3Mta. KHD’...
MPA figures highlight need for UK construction investment
The UK's Mineral Product Association (MPA) results for the first quarter of 2012 indicate a substantial reduction in sales of aggregates, ready mixed concrete and asphalt, confirming the latest GDP figures which show that declining construction activity has dragged the UK back into recession. Compared with the same period of 2011, sales volumes of crushed rock and sand and gravel aggregates ...
Lafarge to set up two cement plants in Algeria – report
Lafarge will build two cement plants in Algeria in partnership with local private group Sagremac. Thanks to the two projects, the French company will be able to boost its positions on the Algerian market. The first cement plant will be built in Biskra, in the south-eastern part of Algeria, for US$400m, while the second unit will be located near Constantine, in eastern Algeria. The investment...
Gresik sees 20% 1Q12 rise, aims to increase market share
In the first quarter of 2012, Semen Gresik earned IDR4.28trn (US$466m) in revenue, a 20 per cent increase from IDR3.55trn during the same period last year and hopes two new plants that are set to become operational this year will help the company regain higher market share. Commenting on the rise in revenue, the Jakarta Post reports Agung Wiharto, Semen Gresik investor relations chief as say...
INC to import 80,000t of clinker, Paraguay
Industria Nacional del Cemento (INC) will rise this week to the Public Procurement website’s invitation to bid, with an auction to buy 80,000t of clinker imports. This is the second call for tenders for purchase of imported clinker, since the former was declared void because the offers that had exceeded the budget of the state company. INC President, Edgar Acosta explained that while the c...
Bokaro Jaypee Cement Plant inaugurated, India
Chief Minster Arjun Munda on Friday inaugurated the Bokaro Jaypee Cement Plant (BOJCP) which has a capacity of 2.1Mta at Balidih Industrial Area of Bokaro Steel City. The project is a joint venture unit of Steel Authority of India Limited (SAIL), Bokaro Steel Plant (BSL) and Jaypee Group. Deputy Chief Minister Sudesh Mahato and Hemant Soren along with SAIL Chairman CS Verma, SS Mohanti Dire...
FLSmidth wins orders for Cimpor projects in Brazil
FLSmidth has received contracts to provide two major cement projects for Cimpor in Brazil. The expansion plans include a brand new production unit in northwestern Brazil (the Caxitu project) and a new production line at Cimpor’s existing Cezarina plant in central-western Brazil. When commissioned in 2013, the two projects will form an essential part of Cimpor Cimentos do Brasil’s current 2.3...
Turkish Competition board rules on cement cartel
The Turkish Competition Board recently rendered its decision regarding 10 undertakings operating in the cement sector in the Eastern Anatolia, Southeastern Anatolia, Eastern Black Sea and Adana regions of Turkey. It was alleged that the undertakings had increased cement prices through an agreement. During its investigation, which began in December 2011, the board conducted on-site inspe...
Spanish consumption drops 31.3% YoY
Spanish cement consumption slumped 31.3% YoY in the first-quarter of 2012, showing that the sector has entered a second recession that may be worse than the last with rates of unprecedented domestic decline, Spanish cement association Oficemen notes. First quarter consumption was 3.66Mt compared to 5.322Mt in the same period last year. Production meanwhile, was 4.29Mt in 1Q12 down 24.5% fro...
China first-quarter output rises 7.3%, prices fall
According to the latest statistics released by China’s National Development and Reform Commission China cement output grew only 7.3% YoY in the first three months of this year slowing from an 18.1% increase in the same period of 2011. The price of cement continued to fall in March. The average ex-factory price at major cement enterprises dropped CNY18.2/t from February or CNY9/t from a year...
Lucky Cement to construct Iraq grinding plant
Pakistan’s Lucky Cement is to construct a 0.87Mt grinding plant in Iraq through a joint venture, according to reports by the Associated Press of Pakistan. The company is to invest US$15m in the cement plant which is estimated to cost US$30m. The technical and financial evaluation of the proposed project has already been carried out by the team of experts. Similarly, the board also decided t...
Irish Cement workers to vote against CRH directors
Irish Cement workers will use their voting rights as shareholders in CRH to oppose the re-election of the company's existing directors at its Annual General Meeting (AGM) scheduled for 9 May 2012. The workers are in the fourth week of their strike action at production plants owned by Irish Cement Ltd which is a wholly owned subsidiary of CRH. The dispute concerns the company’s refusal to...
Oman Cement to increase capacity
Oman Cement Company (OCC), the Sultanate’s second largest cement producer, is planning to increase its cement grinding capacity. A consultancy agency has been engaged to study the feasibility of further expansion, according to reports in the Times of Oman. The company has also said it posted a 23.9 per cent growth in first quarter profit at OMR5.14m, against OMR4.15m for the same period last y...
Stable prices boost India Cements 4Q profit
India Cements reported a five per cent rise in net profit attributed to stable cement prices and improved realisations. Business Line India reports that for the quarter ended March 31, 2012, the company posted a net profit of INR64.92 crore on a total income of INR1122.95 crore. During the corresponding quarter in the previous year, the net profit was INR56.31 crore on a total income of ...