Cement News tagged: International
Vicem sales exceed full-year target
State-owned Vietnam Cement Industry Corporation (Vicem) sales rose by 3.2 per cent from a year ago and exceeded the year’s target by 5.7 per cent boosted by higher exports. For the full year, the country’s leading cement producer sold approximately 24.64Mt of cement and clinker. Of the total, 18.68Mt of cement and clinker were sold in the domestic market, down 2.7 per cent YoY, and 3.4Mt wer...
Kenya: Savannah Cement selects database management system
Kenya’s Savannah Cement Ltd has selected the SAP® ERP application powered by SAP HANA® to improve its operational reporting, real time planning and forecasting. Savannah Cement is one of the newest entrants into the cement market in Kenya, with a 1.5Mta cement plant strategically located near the capital Nairobi. "SAP HANA has changed our view of database management and greatly simplified ...
Saudi Cement Co 4Q net profit up 8.91%
Saudi Cement Co has posted a 8.91 per cent rise in fourth-quarter net profit to SAR269m (US$71.7m) from SAR247m and 16 per cent QoQ from SAR232m. The YoY rise in fourth-quarter net earnings was attributed to higher sales due to improved local demand. The cement producer reported SAR1075m net profit for the fiscal year 2014, a decline by four per cent from SAR1124m a year earlier. The company ...
Tajikistan to add further capacity over 2015-16
Tajikistan’s Ministry of Industry and New Technologies has said that six new cement plants will be put into operation in Tajikistan in 2015 and 2016, according to reports by Avesta news agency. Tajik-Chinese joint venture Tajchina has already started construction of a 1.2Mta cement plant, the report stated. Morever, new cement plants will also be built in Dangara, Bobojon Gafurov, and Isfara ...
Saudi monthly cement sales up 17% YoY
Saudi Arabian cement sales in December 2014 rose 17 per cent YoY to 5.59Mt from 4.79Mt in the same month of the year before, latest statistics published by domestic producer Yamama Cement Co reveal. Saudi Cement Co registered the largest sales volume during the month with 785,000t, followed by Southern Province Cement (769,000t) and Yanbu Cement (623,000t). The highest YoY increase in Dec...
Honduras: Chico calls for lower cement prices
The Honduran Chamber of the Construction Industry (Chico) has requested cement producers to revise the price of bagged grey cement. Cement companies have maintained the price of HNL168.50 (US$8.02) per 42.5kg in Tegucigalpa with variations from one location to another on the back of transport costs. The monthly economic activity index (IMAE) released by the Central Bank of Honduras reports ...
Lucky Cement gets go-ahead for coal power plant investment
Lucky Cement Ltd's Board of Directors has approved the investment of around PKR27bn (US$268.4m) to set up a 660MW coal-based power plant in Karachi, Pakistan. Under the name of Lucky Electric Power Co Ltd (LEPCL) the power plant will be wholly-owned by Lucky Cement and will be financed with a debt/ equity ratio of 75:25. The announcement comes shortly after fellow-Pakistan producer Attock ...
Ghorahai works halts production
Nepal-based producer Ghorahai Cement Industry (GCI) has halted output at its cement plant in the Dang district as protests by tipper operators disrupt the flow of production. The tippers, which supply raw materials to the cement factory, have remained off the road for nine days, as operators call for a revision in the transportation charge. "We have not been able to produce cement for the pas...
Steppe Cement preliminary full-year update
Kazakhstan-based producer Steppe Cement Ltd achieved a cement sales volume of 1.61Mt in 2014, up 18 per cent on the over the 1.3Mt in the previous year. Revenue for the year ended 31 December 2014 was KZT20,925m, seven per cent higher than the KZT19,469m recorded for the corresponding year ended 31 December 2013. The average price (ex-VAT) for delivered cement was KZT12,975/t, down nine pe...
PCA: construction recovery continues to expand
Construction recovery in the US continues to expand and all regions are expected to participate in 2015, according to the PCA State Construction and Cement Forecast report, 2014-15. Favourable demographics, pent-up demand, and improved confidence will help fuel the stronger relative growth, the association notes. The recently-released state forecast expects the strongest rates of cement growt...
Indonesia: Semen Bosowa sets aside US$500m for expansion
Semen Bosowa is setting aside US$500m this year to expand capacity in anticipation of a pick-up in demand across the country. The company is building cement plants in Maros (South Sulawesi), Ciwandan (Banten), Banyuwangi, (East Java), Rembang, (Central Java) and Sorong (West Papua). The plants would boost the group’s cement production capacity to 12Mta over the next three years from 3Mta of p...
Egypt: gas supplies to cement plants replaced by fuel oil
Egypt’s decreased gas output is further squeezing fuel supplies to the country’s cement factories. The Egyptian Gas Holding Co (EGAS) has halted gas supplies to cement plants and redirected them to power plants, Daily News (Egypt) reports. The Al-Qatameya, Helwan and Al-Qawmeya plants have been exempted from the gas cuts as they are directly connected to the Abu Gharadiq gas field, according...
Indonesia: 2014 cement sales fall short of expectations
Indonesian cement sales fell short of expectations last year, increasing by 3.6 per cent YoY to 59.9Mt, according to the latest data from the Indonesia Cement Association (ASI). Including exports, total sales increased by three per cent to 60.174Mt. Cement exports were upby 30.5 per cent to 220,284t while clinker exports fell 88.7 per cent to 44,878t. Java remained the largest cement consump...
New Guinea-Bissau grinding plant seeks IFC loan
HeidelbergCement subsidiary Scancem, in partnership with Maxime Cardoz, a private investor from Senegal, has applied to the IFC for a loan of EUR11m to help finance Guinea-Bissau's first grinding plant. The Cardoz Cimentos de Bissau project, which is 60 per cent owned by Cardoz and 40 per cent by Scancem, would be located 1.5km from the port of Bissau, a plant location in an area which curre...
Mixed performance for Iranian exports
Iran cement exports fell 8.5 per cent YoY in the first eight months of the current Iranian calendar, but a rise in clinker shipments boosted the overall total. During the first eight months of the year (beginning 21 March 2014) cement exports amounted to 9.25Mt, Iran’s IRNA News Agency reported. Abdolreza Sheykhan, an official with the Iran's Cement Producers Association, said that the in...
Polish output up 6.8% YoY
Full year Polish cement production increased 6.8 per cent YoY in 2014 to 15.4Mt, according to the country's cement association. Cement production edged up by 1.9 per cent YoY to 861,7000t in December, while sales were ahead by 805,800t, Poland's Cement Producer Association said in a statement.