Cement News tagged: International
HeidelbergCement India mulls bond placement
HeidelbergCement India's board is considering raising INR370 crore by issuing non-convertible debentures (NCDs) on private placement basis. In a filing to the Bombay Stock Exchange, HeidelbergCement India said: "... a meeting of the board of directors of the company will be held on December 16, 2013, inter alia, to consider issuance and allotment of the debentures aggregating to INR3700m." ...
Bangladesh approves Aramit’s rights offer
Bangladesh's securities regulator Tuesday approved the rights offer of Aramit Cement to boost the company's capital base, according to local press reports. The cement manufacturer will offer one rights share against one existing shae, at an offer price of BDT15 each, including BDT5 as premium. The company will issue BDT1.69 crore rights shares to its existing shareholders to raise the fund. ...
Tajikistan cement output increases over Jan-Nov 2013
Tajikistan is working towards reducing its reliance on imports as domestic output increases following the commissioning of a new plant earlier this year, and more new projects are reported to be on the way. In the first 11 months of the year, the Central Asian country produced 306,000t of cement, some 83,200t more than the same period of last year, according to reports by Trend News Agenc...
Saudi November sales drop 17%
Saudi cement sales fell 17 per cent in November 2013 to 3.65Mt compared to 4.37Mt in the same period in 2012. All companies reported a decline in sales with the exception of Northern Province Cement, Arabian Cement and Madinah Cement which saw increases of 58, 24 and 20 per cent, respectively, the report, based on data released by Yamamah Cement Company (YCC), said. Riyadh Cement and Al ...
Ecuador cement sales continue upward trend
Ecuador cement sales continued their upward trend in November, rising by 5.9 per cent YoY, latest statistics from local cement association, Inecyc, show. During November 2013 sales reached 594,814t compared to 561,534t in the same month of 2012. For the year to-date, sales were ahead by 9.8 per cent reaching 6.043Mt over Jan-November 2013, against the 5.504Mt recorded in the comparative ...
Lafarge Tarmac sweeps up at the Construction Marketing Awards 2013
Lafarge Tarmac were the big winners at the Construction Marketing Awards 2013, taking home more awards than any other entrant at the prestigious event held in London last Thursday. Nominated for seven awards in total, Lafarge Tarmac took first prize in three categories – Best Campaign over GPB25,000, Best Social Media Campaign and Best Mobile Campaign – beating stiff competition from m...
Poland's monthly cement output rises 13.1% YoY
Poland reported a double-digit rise in cement production during November 2013. However, cement sales slipped marginally during the month. November cement output totalled 1.291Mt, up by 13.1 per cent YoY, according to the country’s cement association, SPC. Cement sales, meanwhile, fell by 2.2 per cent to 1.204Mt. For the 11 months to November 2013, cement output declined by 9.5 per cent...
UniCem launches new high-strength product to market
The United Cement Company of (UNICEM) Nigeria launched its new high-strength cement into the market. According to Vipul Agrawal, the company’s marketing and technical assistance director, the new product, called “UniCem 42.5N Limestone Portland cement” is produced for specialised heavy construction works like high-rise buildings, long-span bridges, dams, fly-overs and silos. “We have develo...
Holcim (Canada) sustainability efforts recognised by Ontario Chamber of Commerce
Holcim (Canada) Inc. has received a sustainability award from the Ontario Chamber of Commerce for all of its Ontario operations. "Holcim Canada has a national partnership with Habitat for Humanity and our operations across the country contribute to the local initiatives of its various chapters," Holcim spokesperson, Nishat Ahmed, told local press. "We take very seriously our commitment to ...
Italcementi breaks ground on new Kazakh kiln line
The Italcementi group has held a groundbreaking ceremony for a new kiln line at its Shymkent Cement in south Kazakhstan. Plant managing director, Gabriel Morin, said the capacity of the new dry-process cement line would be 1.2Mta. The project will take 20 months to complete, Kazakhstan General Newswire reported. "The new cement making technology line is expected to produce first clinker in m...
Cemex launches water management policy
Cemex announced today that it is implementing a Corporate Water Policy that defines its global strategy for responsible water management and acts as a framework for the development of local water conservation and efficiency strategies across its operations worldwide. The policy recognises the important role that the building materials industry plays in the sustainable management of this fini...
Iran cement output rises in first eight months
Iran produced 50.2Mt of cement in the first eight months of the current Iranian calendar year, which began on March 21, representing a 2.2 per cent YoY rise. In the eighth calendar month of Aban (ended November 21), output amounted to 5.65Mt. Some 39.8Mt of cement were supplied to the domestic market in the eight-month period. The cement output is projected to reach 80Mt by the end ...
Savannah Cement appoints CEO, Kenya
Savannah Cement, one of Kenya's newest market entrants, has Ronald Ndegwa as its first chief executive. The company operates a 1.5Mta cement works in Athi River which was commissioned in July last year. Without a permanent CEO in place, the company has been undertaking an extensive search to find a suitable business leader to take the helm. Mr Ndeta has previously served as the Director of S...
Cementir’s Taranto cement plant to cease clinker production by year-end
Cementir is to cease clinker production from its 1.4Mta integrated Taranto works at the end of December, but milling operations are set to continue at the southern Italy-based plant. The company reiterated that weak domestic demand has led to a reduction in production levels, although for 2014 there are early indications of a slight recovery in consumption. Over the first nine months of ...
Lafarge Republic receives “buy” rating on typhoon reconstruction demand
Lafarge Republic Inc (LRI) has received a “buy” rating from AB Capital Securities Inc, as post-typhoon reconstruction in the region of Visayas, Philippines, is expected to boost demand. "Aside from increased sales volume due to higher cement production and cement retail prices, we think that LRI's upside will be supported by the steady demand from the construction sector, which should be bo...
Indian demand: signs of gradual pick-up
Indian cement demand is seeing gradual signs of recovery with an uptick in demand being witnessed in a number of states, a sector survey has revealed. Over the first three quarters of the current calendar year, cement consumption has been subdued and the industry is expected to fall short of the seven per cent demand growth projected at the start of the year. However, a report by ICICI Secu...