Cement News tagged: International
Domestic deliveries drive Vicem's 11-month sales rise
Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, sold 20.06Mt of cement and clinker in the first 11 months of 2015, up 2.9 per cent from a year earlier. Of the volume, 16.99Mt of cement and clinker were sold in the domestic market, up 10.6 per cent YoY, and 3.07Mt were exported, down 39.6 per cent. In November the corporation sold 1.91Mt of cement and clink...
Suez Cement plans to complete coal conversion project by end-2016, Egypt
Suez Cement, part of the Italcementi group, plans to complete its preparations for coal usage at its plants by late 2016, local press reported, citing chairman Omar Mehanna Wednesday. The conversion process involves an investment of around US$110m. Mr Mehanna further told Amwal Al Ghad business magazine that Suez Cement had completed the conversion for coal usage at two plants out of five du...
Indonesia 2016 sales forecast to accelerate
The Indonesia Cement Association expects cement sales to rise by almost five per cent this year to 64.5Mt from an estimated 61.5Mt in 2015, driven by a push for government-led infrastructure development across the country. In 1H15 the Indonesian government failed to spend a significant portion of the allocated budgets due to budgetary and organisational reforms. After the disappointing start...
Hope updates on UK development plans
On the anniversary of its third year in business, Hope Construction Materials has announced advanced plans to open new depots – and extend existing sites – in the southeast of England. Use of the railway network features heavily in Hope’s plans, with four of the five sites able to receive raw materials (aggregates and cement) by rail. This follows the success of...
Moroccan market recovers in late 2015
Following a 21 per cent fall in September 2015, cement sales in Morocco rebounded in October and November as dispatches increased by 19.5 and 15.6 per cent, respectively, according to the Moroccan cement producers’ association, APC. Estimates for the full-year indicate a slight market expansion between 1-1.5 per cent in a year that was marked by demand instability. The modest growth is attri...
India: JAL to divest stake in cement unit to Shree?
Jaiprakash Associates (JAL) has reportedly signed an agreement with Shree Cement to divest its stake in the 2.1Mta Bhilai Jaypee Cement (BJCL) as part of debt reduction efforts, the Times of India reports. A senior banker said JAL has agreed to divest its 74 per cent stake in the joint venture with SAIL as financial pressure has increased. Neither parties have commented on or confirmed t...
Pakistan July-November export volumes down
Pakistan exports fell to 2.63Mt in the first five months of the current fiscal, down 32.62 per cent YoY, official government data reveals. In terms of revenue, exports declined 35.79 per cent during the July-November 2015 period to US$147.55m. On positive note, in November 2015 alone, Pakistan exported cement 569,620t at US$30.122m compared to 534,889t at $29.72m, translating to a MoM rise ...
Swiss cement dispatches drop 7.9% YoY in 2015
Cement sales in Switzerland fell 4.2 per cent QoQ in the fourth quarter of 2015, according to domestic cement producers’ association, Cemsuisse. For the full year, deliveries decreased by 7.9 per cent YoY to 4.219Mt. The low-carbon cement segment, particularly CEM II, saw a rise of 90 per cent. In 1995, its market share was limited to six per cent. In terms of transport, 51.1 per cent of di...
Groundbreaking ceremony for JSW West Bengal plant
The JSW Group is set to start construction of a 2.4Mta cement plant in West Bengal, India, with a groundbreaking ceremony to be hosted today. The event will be presided over by Mamata Banerjee, chief minister of West Bengal. It will also be attended by Sajjan Jindal, chairman and MD of JSW Steel. The function is being held in the run-up to Bengal's 'Global Business Summit' on 8-9 January 201...
Philippines: Taiheiyo opens new mill
Taiheiyo Cement Philippines Inc (TCPI), based in Cebu, has launched its new cement mill and has assured stakeholders it can readily obtain additional clinker should cement demand in the Philippines rise. TCPI has recently inaugurated its new finish mill at the Cebu plant and will be able to immediately import clinker from various cement plants owned, affiliated and operated by Taiheiyo Cement...
Peruvian cement companies plan investments in 2016
Cement companies operating in Peru aim to continue with large investments in 2016 despite the recent announcement by the country's cement association, Asocem, of low growth in cement consumption during 2015. Asocem recorded that the domestic industry saw cement consumption advance by just three per cent last year, however, this is not deterring cement producers to bring new investment into i...
South Korea: six cement producers fined
Six local cement makers have been fined a combined KRW199.4bn (US$167.6m) for fixing the prices of cement products and divvying up the market by South Korea's antitrust watchdog, the Fair Trade Commission (FTC). The charged companies are: Ssangyong Cement Industry Co, Tongyang Cement & Energy Corp, Hanil Cement Co, Sungshin Cement Co, Hyundai Cement Co and Asia Cement Co. These cement produc...
India: two new cement plant sites could go to auction
Two proposed cement plants at Gumma, Chaupal, in the Shimla district and at Nauradhar in the Sirmaur district of Himachal Pradesh, India, could be sold via public auction. The mining wing of the Industry Department is planning to seek cabinet acceptance before bids can be invited for the two sites, but any cement plant allotment can be open for auction, according to the amended Mineral Regul...
India: average price declines in December
The average cement price in India declined by 7.3 per cent YoY in December mainly due to weak demand, according to a report by Reliance Securities published in the Economic Times (India). The national average price of cement dropped to INR285-290 (US$4.28-4.36) per bag last month, compared to INR308/bag in December 2014, according to the report. Regional variances Prices in the northern...
Egypt's Ministry of Industry to issue a condition of contract for new production licences
Egypt's Minister of Industry and Foreign Trade, Tarek Qabil, announced that the ministry would issue conditions for tender documents and requirement specifications of cement production in the coming days to meet the future needs of the local market. The minister said that the Cabinet has recently approved defining a fixed value for the cement licences paid to the government based on the econo...
Jaypee gets green nod to expand limestone mining in Andhra Pradesh
Jaypee Cement has received the green approval for expansion of limestone mining capacity from 3.47Mta to 6Mta in Andhra Pradesh, entailing an investment of INR950m (US14.3m). The company has commissioned a cement plant with 5Mta capacity and captive limestone mine of 3.47Mta to meet partial requirement of limestone of the cement plant at Budhawada village, in Krishna district.