Cement News tagged: International
TCMA responds to concerns over upcoming price hike
The Turkish Cement Manufacturers' Association (TCMA) has responded to concerns raised by the Construction Contractors Confederation (İMKON) regarding a price hike of 40 per cent on cement products. "Despite the cost increases, our sector will not boost prices as high as 40 percent, just to stay within the scope of the overall anti-inflation program," said Nihat Özdemir, chair of Limak Holdin...
Vietnamese cement exports hits record high in 2018
The volume of Vietnamese cement exports rose 55 per cent YoY to 31.65Mt in 2018, according to the Vietnam Cement Association (VNCA). As the highest ever export value in the sector, it represents an estimated value of US$1.2bn. The country's cement has been shipped to more than 40 countries with an average price of US$50/t for cement and US$38-US$42/t of clinker, up 20-23 per cent from the r...
Challenges to grow in 2019 for Pakistan cement sector
Pakistan's cement industry is likely to face a number of challenges in 2019 on the domestic front owing to a flatness in demand, high markup rates, price competition and currency depreciation, etc. According to the 'Investment Strategy 2019' report released by Spectrum Securities Ltd, after tremendous sales growth (13.8 per cent YoY) in cement dispatches during FY18, demand is expected to r...
Vietnam sees 9% cement production rise in 2018
Vietnam is estimated to have produced 90.2Mt of cement in 2018, up 9.1 per cent YoY, according to the latest data from the country’s government-run General Statistics Office (GSO). The sum included 8.6Mt in December, an increase of 9.8 per cent compared to the year-ago period. In 2017, the country produced 85.4Mt of cement, including 7.6Mt in December, acc...
Tajikistan records 24% production rise
Tajikistan recorded a 24 per cent YoY rise in cement production to o ver 3.5 Mt in Jan-Nov 2018, with about 40 per cent of this volume exported to neighbouring countries, according to media reports. Uzbekistan received most of the country's exports at a total of 738,000t since the beginning of the year. Meanwhile, cement exports to Afghanistan reache...
Belarus looks to increase cement sold via commodity exchange
Belarus' Architecture and Construction Ministry is in favor of exporting more cement via the country's commodity exchange, according to Deputy Architecture and Construction Minister, Alexander Sidorov . "We’ve previously agreed that we are going to sell 10 per cent of the total amount of cement exported by Belarusian cement mills via the commodity exchange. If...
JK Cement to raise INR6bn for capacity expansion
JK Cement Ltd on Monday launched a qualified institutional placement offering (QIP) to raise funds from institutional investors for its capital expenditure. The company is seeking to raise INR6bn (USD85.39m) to fund the expansion of grinding capacity at its Mangrol and Nimbahera plants by 1Mta each, according to the Hindustan Times. The company will also increase the existing clinker capac...
Chile's Colbun to supply renewable power to Polpaico
Cemento Polpaico SA (Chile) has signed a long-term renewable power supply contract with local power company Colbun. Through the agreement, Colbun will supply a total of 183GWh of renewable electricity per year to Polpaico. The contract, will run for a term of 10 years starting from January 1, 2019. Initially, Polpaico will receive power for its Cerro Blanco and Coronel plants, that represent...
GICA to commission new Sigus plant in March 2019
Construction of the new Sigus integrated cement plant in Oum El Bouaghi province, Algeria, is 87 per cent complete, according to Sofiane Bensaci, Finance Director of the company. With a production capacity of 2.2Mta, the Sigus plant will employ 150 direct jobs and 2000 indirect jobs, and commence production in March 2019. Total investment in the plant, which is part of the state-owned Groupe...
Shree Cement commissions clinker line at Karnataka
Shree Cement (India) has commissioned the clinker section of its 3Mta integrated cement plant at Kodla village in the Kalaburagi District of Karnataka. Shree Cement is one of India’s most rapidly expanding cement companies, with its principal cement manufacturing operations located in six states across north and eastern India.
GCC commissions Rapid City plant expansion
Mexican cement producer Grupo Cementos de Chihuahua (GCC) has announced the expansion of its Rapid City, South Dakota cement plant became operational, adding 440,000tpa capacity to the existing plant. The expansion of the Dacotah cement plant began in 2016, with a total investment of around USD105m. The expansion increases the plant’s production capacity to 1.167Mta and is expected to reduce ...
BCCI and Saudi Arabia plan cement plant in northeastern Bangladesh
Bangladesh state-owned entity, Bangladesh Chemical Industries Corporation (BCIC), and Saudi business firm, Engineering Dimensions, have signed an agreement to set up a new cement plant in northeastern Bangladesh. Operating under the company name Bangladesh Friendship Cement Company Limited (SBFCCL), the plant will be located at Chhatak in the district of Sunamganj. BCIC Chairman, Shah M Ami...
Pakistan cement sector records 7.3% fall in FDI
Pakistan’s cement and construction industries received a total foreign direct investment (FDI) of US$265.3m during the July-Nov 2018 period, according to the State Bank of Pakistan. This translates to a fall of 10.7 per cent YoY compared to US$296.9m of the year-ago period. The cement sector alone attracted US$22.9m of FDI in the first five months of FY18-19, decreasing 7.3 per cent YoY from ...
New plant commissioned in Uzbekistan
A new facility in Korauzyak district, Karakalpakstan (Uzbekistan), has been commissioned, according to Trend News. The Uzbek-Chinese joint venture, Titan Cement, saw a total investment of UZS302.4bn (US$36.3m) in the 200,000tpa project. Furthermore, in the Andijan region of Uzbekistan, a new US$630m project has begun construction with the support of Chinese companies.
Pakistan exports rise in November
Pakistan's cement industry received foreign exchange revenue of US$26.77m by exporting 635,192t of cement during November 2018, compared to US$26.74m and 616,648t in the previous month. This shows minor MoM growth of 0.1 per cent and three per cent in terms of value and quantity, respectively, according to the Federal Bureau of Statistics. However, if compared to November 2017, it translates ...
Cement consumption in Peru sees 5% rise in November
Cement consumption in Peru rose by 4.8 per cent YoY in November to 1.017Mt, up from 0.971Mt in November 0217, according to the latest data from the country’s cement association, Asocem. Cement production in November remained largely stable in November at 0.901Mt when compared with the previous month and increased by one per cent YoY. Clinker output saw a 26.1 per cent rise MoM and a 9.6 per ...