Cement News tagged: International
Ash Grove Cement seeks license for shale-clay quarry in Montana
The Montana Department of Environmental Quality (DEQ) is accepting public comment on a draft environmental assessment for a shale-clay exploration project proposed by Ash Grove Cement Company near Montana City. The DEQ received an amendment to Ash Groves Exploration License on October 11 to extract a 10,000t bulk sample of shale for chemical testing. The site is above Ash Grove's existing C...
Dangote Cement Plc plans share buy-back
Dangote Cement Plc is seeking shareholder approval to commence a share buy-back in an attempt to improve return on equity and shareholder value. In a notification to the Nigerian Stock Exchange (NSE), the cement company said it would convene an extra-ordinary general meeting (EGM) of shareholders for January 22, 2020, to amend its Articles of Association to enable it undertake a share buy-bac...
India's demand recovery delayed to second half of FY21
Growth of Indian cement demand fell short of expectations in Fiscal Year (FY) 2019-20 and no major recovery is expected until after the 2020 monsoon, according to analysts quoted in a report in the Business Standard. The sector is expected to end both the calendar as well as the financial year with flat demand growth, which is well below expectations for 5 to 6 per cent growth forecasts at th...
Gazakh Cement completes expansion
Gazakh Cement, Azerbaijan, has increased cement capacity by 20 per cent, raising its capacity from 1Mta to 1.2Mta, according to a report by the Trend News Agency. Gazakh Cement is undertaking further upgrade work at its plant to increase the overall capacity to 1.5Mta in 2020. The company, which is one of the biggest manufacturers of building materials in Azerbaijan, is also seeking to explo...
Lucky Cement successfully completes new line; receives PSX award
Lucky Cement Limited has informed the Pakistan Stock Exchange (PSX) and local authorities that the brownfield expansion for the additional 2.8Mta line at its Khyber Pakhtunkhwa plant in the north of Pakistan has been successfully completed on schedule. In a bourse filing, Irfan Chawala, Finance Director, stated that the new line was made operational with the start of clinker production on ...
Sri Lanka sets maximum retail price for cement
A special gazette notification has been issued by the Consumer Affairs Authority declaring the maximum retail price of locally manufactured cement in Sri Lanka at LKR1005 (US$5.53) per 50kg bag. The maximum retail price of a bag of cement that has been imported in bulk will be LKR950 per 50kg bag, and the maximum retail price of a bag of imported cement is LKR930.
Confidence Cement plans to install 5.6MW Power Plant
Confidence Cement Limited (CCL) of Bangladesh has informed the Dhaka Stock Exchange that its Board of Directors have decided to install a 5.6MW captive power plant at a cost of around BDT280m (USD3.30m) in an effort to ensure uninterrupted electricity supply for Unit 3 of the factory. The company has annual production capacity of 1.5Mta at Chittagong in southern Bangladesh. According to comp...
Azerbaijan: output of cement falls 1.6 per cent over 11 months to November 2019
Construction materials worth AZN709.8m (USD417.5m) were produced in Azerbaijan from January through November 2019, which is 4.4 percent more compared to the same period of 2018, according to the State Statistical Committee of Azerbaijan. The volume of cement production over the 11 month period amounted to over 3.1Mt, representing a decline of 1.6 percent compared to the same period of 2018. T...
Power Cement completes plant expansion
Power Cement Ltd, part of the Arif Habib Group, has completed the expansion of its Nooriabad facility, Pakistan, making the company the second largest producer in the southern region of the country. The upgraded plant installed a second production line, supplied by FLSmidth (Denmark), increasing capacity from 3000tpd to 10,700tpd. Total plant capacity now stands at 3.6Mta.
Vietnamese cement demand declines 4% in November
Cement demand in Vietnam fell by four per cent YoY to 5.437Mt in November 2019, according to data published by the Vietnam National Cement Association (VNCA). When compared with 5.48Mt reported for October 2019, the decline was one per cent. While VICEM saw its deliveries contract by seven per cent YoY to 1.823Mt, for its joint-venture companies the drop was 10 per cent as they supplied 1.4...
Eastern Indian cement demand to expand 8-10% in FY19-20
Cement demand in eastern India is expected to grow by 8-10 per cent in the current financial year despite the economic slowdown, according to industry sources. Cement consumption in India is expected to expand at the slower rate of seven per cent, down from double digits in the previous year. “Cement demand growth during Q1 (April-June 2019) in the east was 15-16 per cent but since then it...
Belarus government awards US$4m grant to Krasnoselskstroimaterialy
The Belarus Council of Ministers will provide a non-repayable grant of BYN8.5m (US$4.06m) to state-owned cement producer Krasnoselskstroimaterialy OJSC in 2019-20, according to BelaPAN news agency. The cement company will use the grant to improve heat efficiency at its plant in Volkovsysk, Hrodna region.
Indian petcoke imports rise in October
India imported 809,000t of petcoke in October 2019, up more than 364 per cent from the year-ago period, according to Iman Resources. The imports were primarily sent from the US and Saudi Arabia, at 372,000t and 295,000t, respectively. Oman sent 38,000t, while 32,000t came from China. The origin of the remaining 72,000t was not clarified. The spike has been related to the lifting of the petco...
Increase in gas price may impact Pakistan cement industry
Pakistan's government intends to increase gas prices effective from 1 January 2020 for all types of commercial consumers, including the cement industry. A research house anticipates a large gas price increase, which could eat into the margins for a range of sectors such as cement, chemicals, fertiliser and textiles. The proposed prices hike will be considered by the petroleum division, whi...
Papua New Guinea 1.65Mta plant in planning stages
Mayur Resources ' Central Cement & Lime Project in Papua New Guinea (PNG) is another step closer to development with debt lead arranger KPMG Corporate Finance receiving Letters of Interest from a number of lenders wishing to participate in the debt financing of the US$350m project. KPMG approached a variety of debt providers around the world, including commercial banks and export credit agen...
Spanish cement demand falls 4% in November
Cement consumption in Spain fell 4.4 per cent YoY to 1.104Mt in November, according to Oficemen, the country’s cement association. In the year to date, demand has reached 13,321Mt. Exports dropped 30.2 per cent YoY to 0.449Mt from approximately 0.648Mt in November 2018. In the January-November period exports have dropped 21.5 per cent YoY to approximately 5.842Mt. Meanwhile, imports, of mai...