Cement News tagged: International
CRH full-year development spend
CRH announced a total of seven acquisitions and investment initiatives in the second half of 2013, taking full-year development activity to EUR0.69bn. The company invested EUR0.22bn in the six months to the end of December last year, including one transaction in Asia, three under its American Materials division and a further three in its Distribution segment. Commenting on the these develop...
Pakistan exports fall in 5MFY13
During the first five months of FY13-14, Pakistan exported 3.749Mt of cement on foreign exchange revenues of US$225.30m, down 0.44 and 8.03 per cent YoY in terms of volume and value, respectively. However, on a more positive note, in local currency terms, Pakistan producers and exporters saw growth of 0.93 per cent to PKR23.48bn. The average price fell 7.63 per cent to 7.63 per cent to US$6...
TCC retains top six slot in China
Taiwan Cement Corp (TCC), one of Taiwan's top cement manufacturers, has retained its position as China’s sixth largest cement producer by capacity. Last year, Taiwan Cement had production capacity of 55.27Mt in China, up 2.06 per cent from a year earlier when it also ranked sixth, according to statistics released by China Cement Net on Friday. The company was the third largest supplier in s...
Semen Baturaja sets higher 2014 capex
PT Semen Batujara plans to increase capital expenditure for this year by 87 per cent YoY to IDR750bn (US$61.58m), according to reports by the Investor Daily. The investments will be geared towards increasing capacity and financing operating costs. The company plans to build a new factory to boost its capacity from 2Mta to 3.85Mta. The new plant is scheduled to begin operations in the fourth ...
Zuari Cement’s commitment to India’s long-term potential
Zuari Cement is pressing ahead with new capacity plans in three Indian states despite current market challenges, citing huge long-term potential for domestic cement consumption. The Italcementi group company is setting up a grinding unit in Auj and Shingadgaon in Solapur (Maharashtra), a terminal in Kochi (Kerala) and a 3Mta integrated cement plant in Gulbarga (Karnataka). “The INR2500-cro...
HeidelbergCement completes the sale of Raigad grinding unit
HeidelbergCement India has completed the sale and transfer of its cement grinding facility situated at Raigad in state of Maharashtra to JSW Steel, as a going concern on slump sale basis. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
Saudi slowdown set to continue
The current slowdown being seen in the Saudi Arabian cement market due to labour shortages is set to continue in the short-term, NCB Capital has cautioned. Saudi cement sales declined by 15 per cent in November 2013 YoY following the expulsion of 2m illegal expatriate labourers. The crackdown led to suspension of construction projects and delays in the transportation of cement and as a result...
Pakistan first-half cement sales edge ahead
Pakistan’s cement sales in the first half of fiscal FY14 edged ahead by 1.8 per cent with a long-awaited pick-up in exports recorded in December, latest data from industry association APCMA shows. Overall sales increased by 3.8 per cent in 2013 with domestic sales increasing to 2.33Mt from 2.24Mt in the same month of the year before. After declining for the first five months of FY14, exp...
Hope Construction celebrates first anniversary
Hope Construction Materials, the UK’s newest cement and concrete supplier, today celebrates its first anniversary having opened for business in January 2013 following the purchase of over 150 former Tarmac and Lafarge sites across England, Scotland and Wales. The independent company owns the UK’s biggest cement plant in Hope Debyshire with up to 1.5Mta of capacity. In its first year of opera...
Ecuador Jan-November sales rise 9.8%
Ecuador cement sales over the January-November 2013 period increased by 9.8 per cent to 6.043Mt, latest data from industry association Inecyc shows. During November 2013 sales were 594,814t, a 5.9 per cent increase on the 561,534t recorded in the same period of last year. However, dispatches were down on a MoM basis, compared to the 611,987t recorded in October 2013.
Semen Indonesia anticipates double-digit 2014 sales increase
Semen Indonesia expects an 11 per cent sales increase this year as the country’s leading producer enhances its distribution network to better serve expected increases in demand. The company said in a statement that sales might reach 31Mt this year, compared to 27.9Mt in 2013. Dwi Soetjipto, Semen Indonesia president director, said that the company is establishing its packing plants closer t...
Pakistan: quarterly gains expected
Pakistan cement dispatches during the second quarter of the current fiscal are expected to have increased by 5.13 per cent on a QoQ basis to 8.2Mt compared to 7.8Mt in the first three months of the year. According to a report by InvestCap, domestic sales are anticipated to have increased by 14 per cent over the October-December period on a QoQ basis but exports are seen declining 16 per cent...
ARM awaits board approval for South African project
ARM Cement is still awaiting board approval for the construction of a new cement plant in South Africa, the company's managing director, Pradeep Paunrana, has said. Mafikeng Cement, in which ARM has a 70 per cent stake, plans to build a plant a 3000tpd plant in Africa's largest economy, Paunrana told Nairobi-based Business Daily newspaper, Bloomberg reported. However, the company is still ...
Chief executive succession at CRH
CRH plc confirms that Albert Manifold has succeeded Myles Lee as group chief executive, effective 1 January 2014. Mr Lee has retired after 32 years with the group including five years as finance director and five years as chief executive. Commenting on the announcement, CRH chairman Nicky Hartery said: “We wish Myles well in his retirement and thank him sincerely for his outstanding contr...
Colombia: market expands 6.9% in November
Grey cement production in Colombia during November 2013 totalled 1.02Mt, a 9.6 per cent increase when compared with the same month of the previous year. In addition, the domestic cement market expanded by 6.9 per cent to 978,000t. This was less than the 14 per cent consumption growth noted in October. Norte de Santander saw a 38.5 per cent rise, the largest in the country, followed by An...
Akhangarancement hits 1.5Mt of cement output during Jan-Nov period
Akhangarancement, part of Eurocement Group, has reported a rise in clinker in cement production in the first 11 months of 2013. Over January-November, the Russia-based producer produced 1.074Mt of clinker and 1.47Mt of cement, a YoY rise of 11.7 and 2.2 per cent, respectively. During the reporting period, Akhangarancement’s shipments increased by 2.1 per cent YoY to 1.463Mt. The company also...