Cement News tagged: International
Ha Tien 1 Cement issues new shares to reduce debt, Vietnam
Ha Tien 1 Cement JSC (HT1) has completed the issuance of 120m new shares in a private placement to Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer. HT1, listed on the Ho Chi Minh stock exchange, sold the shares at VND10,000 each, according to a statement sent to the bourse. The company added that the sale is aimed to reduce its debt incurred with Vicem. Aft...
Peru’s Jan-Nov demand advances 7.5% YoY
Cement dispatches in Peru fell from 939,135t in October to 896,600t in November. However, the country’s cement companies produced 920,636t, up from 916,774t the previous month and cement exports rose from 18,090t to 23,236t during the period. For January to November, Peruvian cement demand increased by 7.45 per cent YoY to 9,408,853t while exports rose 5.33 per cent to 182,427t. Around 9,59...
Korean cement hit by USD19m losses as rail strike ends
The Korean railroad workers union called an end to its 22 day strike on December 30, leaving the domestic cement industry to count its losses. The cement industry relies on railway transportation for more than 30% of its transportation needs. The cement companies estimate that their combined loss for the 22 days of strike would be KRW20bn (USD19m), according to a report in the Korea Economic ...
Indian cement recovery under pressure in 2014
Indian cement sales in 2014 are expected to remain under pressure on the back of slower government spending as fiscal deficit concerns mount, and a slow recovery in the capital expenditure cycle by private firms, according to a report by Mint (India). At the same time, higher costs may continue to weigh on the profitability of cement makers in the coming year. Analysts expect cement sales gro...
Oman seeks anti-dumping measures
UAE cement producers have defended their export levels to Oman after Raysut Cement Company calls for anti-dumping measures to be put in place to restrict imports from the neighbouring country. Raysut Cement is now urging the Omani government to put a "ceiling" on the amount of imports from UAE producers, stating that they " are offloading a large amount of cement in Oman, which has pushed...
North Holdings Investment Inc to construct Ethiopian plant
North Holdings Investment Inc, an Ethio-American company based in the US, is to build an 8.4Mta cement factory in the Amhara Regional State near Dejen town. Company president, Temesgen M. Bitew, told The Reporter that his company is planning to build the two-line plant as well as set up a transport company and coal preparation plant. At an estimated cost of US$800m, Temesgen said the firm w...
India Cements gets MoE go-ahead to double capacity
India Cement has received the go-ahead by an appraisal committee under the Ministry of Environment (MoE) to double its cement capacity and set up a 40MW power plant at its Dalavoi works in the southern Indian state of Tamil Nadu. Clinker capacity at the plant will expanded from 1.24Mt to 2.77Mt while cement capacity will be increased from 2.16Mt to 4.71Mt. The project is expected to take ar...
Fajar Group/Taiwanese Indonesian joint venture project
The Fajar Group is to build a cement factory in Barru, South Sulawesi, in collaboration with a Taiwanese firm, Indonesian press have reported. The 10,000tpd plant will be 80-per cent owned by the undisclosed Taiwanese company, Antara News quoted Fajar Group founder Alwi Hamu as saying. Hamu added that land clearance has been undertaken for the new plant and construction is expected to begi...
Vietnam full-year output seen 4.7% higher
Vietnam is estimated to have produced 57Mt of cement in 2013, up from 4.7 per cent a year ago, the government's General Statistics Office (GSO) has said. During December, output is estimated to have increased by 7.54 per cent from the previous month, and nine per cent YoY to reach 5.5Mt, according to the latest GSO estimates. The office, however, revised down November output to 5.3Mt from a...
Japanese producers to increase shipping capabilities
Three major Japanese cement producers plan to increase their shipping capacity for the distribution of cement throughout the country to meet current and expected increases in demand. According to a recent Nikkei report, Sumitomo Oskaka Cement will spend JPY6.8bn on a new 8000t ship in February, followed by two 2000t ships and a 5500t ship after April 2015. Despite decommissioning three olde...
Nuh Cimento subsidiary sells stake in electricity producer, Turkey
Nuh Cimento announced that its Nuh Enerji Elektrik energy subsidiary has agreed to sell its 100 per cent stake in electricity producer Pamuk Elektrik to Haldiz Insaat Otomotiv, for a consideration of TRY8.2m (EUR 2.8m) The deal is subject to approval from Turkish energy market regulator EPDK and from the other related local authorities, according to a bourse statement by Nuh Cimento. The Turk...
Indonesia: groundbreaking of Bosowa cement port
Indonesia’s Chief Economic Minister, Hatta Rajasa, inaugurated the groundbreaking ceremony for the construction of the Bosowa cement packing terminal and port in Barru, South Sulawesi, on 26 December. The project includes a jetty for clinker shipments, a pier for ships or barges, a pier for small vessels dispatching cement, a cement packing terminal and cement storage facilities. Hatta said th...
Bosowa inaugurates Maros cement mill, Indonesia
The Bosowa Group of Indonesia has inaugurated a 1.8Mta cement mill at its plant in Maros, South Sulawesi, raising the company’s total production capacity to 5.3Mta. The inauguration ceremony for the second mill at Maros was attended by MS Hidayat, Indonesia’s Minister of Industry as well as senior officials of the Bosowa Group. The industrial conglomerate’s cement plants are operated by S...
ARM Cement to start Kitui plant construction next year, Kenya
ARM Cement said it plans to start construction of an 8000tpd plant in Kitui county, Kenya in 2014. “We plan to start construction of the Kitui plant late next year. It is a major development for us,” Pradeep Paunrana, ARM’s chief executive told the Business Daily in an interview. The company said it will raise up to US$300m (KES25.5bn) to fund new plants over the next five years, including ...
Pikalevskiy Cement registers strong rise in monthly output, Russia
JSC Pikalevskiy Cement, part of the Eurocement Group, has reported strong increases in cement and clinker output during November. The company produced 135,100t of cement and 128,200t of clinker, an advance of 34.9 and 48.6 per cent, respectively, on the same month of the previous year. Sales also increased by 31.2 per cent YoY in November 2013 to 130,180t. The company highlighted that there ...
China Resources Cement vice chairman of the board resigns
Yu Zhongliang has resigned from his position as vice chairman of the board, executive director and member of the executive committee of China Resources Cement (CRC), effective 1 January 2014. A statement released yesterday by CRC’s board directors said Mr Zhongliang has decided to step down “due to his pursuit of other work allocation by the China Resources Group.”