Cement News tagged: International
Southern Province signs contract for new line at Bisha works
Southern Province Cement Co's (SPCC) has signed a contract for the construction of a second production line at its Bisha cement works in Saudi Arabia, the company said in a bourse filing. The new production line will be built by Chinese contractor CNBM at a cost of SAR713m (US$190.1m) and take 20 months to complete. SPC said it will use a combination of Islamic financing and own funds to fin...
Myanmar: government names successful joint venture cement plant bids
Myanmar's cement sector is set to expand with the prospect of several new state-led joint ventures coming into existence after the government gave the go-ahead to 13 companies to establish projects to boost the country's cement production. The Ministry had offered tender to both local and foreign firms to operate the plants, which fall under the jurisdiction of the No. 3 Heavy Industries Dep...
Antonio Ventriglia fights to win back Zambezi Portland Cement
The fight for ownership of Zambezi Portland Cement has taken another step as Antonio Ventriglia battles to regain legal ownership of the company. Mr Ventriglia was deported along with his son, Daniela Ventriglia, last autumn and is now alleging the illegal seizure of his company by a competitor be overturned. Lawyers acting on behalf of Antonio Ventriglia have issued a writ of summons and sta...
Pennsuco plant supports Breast Cancer Awareness
Titan America's Pennsuco plant has undergone an unusual modification in supporting the campaign for Breast Cancer Awareness. The Florida cement works has been painted pink to highlight the need for women to go and be tested. "Not only do we have employees that could be affected by breast cancer, but each of us have mothers, sisters, daughters, aunts or nieces and friends that could be," says ...
Cementum Veritas to invest EUR10.4m in new grinding unit
Spain’s Cementum Veritas plans to invest EUR10.4m in a new clinker grinding unit in Albanilla, Murcia. The 95,760t works is expected include three silos of 1500t, which represent an investment of EUR5.74m and a further EUR1.5m is earmarked for the construction of a 400tpd ball mill.
ARM Cement expects Kenyan market to grow for the next 50 years
Kenya's cement market is set to expand on the back of government infrastructure spending on ports and roads, while house builders trying to meet an annual deficit of some 440,000 units. A Bloomberg report claims that these factors are encouraging ARM Cement Ltd, Kenya’s second-largest cement maker, to raise capital by selling eurobonds to fund a US$300m expansion programme. ARM Cement looks ...
India: AP cancels the Anantapur mining leases of Penna Cement
The failure of Penna Cements to begin its limestone mining operations in Thadipatri Mandal, Anantapur district, has led the Andhra Pradesh government to force the cancellation of the mining leases originally granted to the cement company. In 2008, Penna Cement had been awarded licences to mine the limestone reserves of 1105.975ha (11.06km2) in Anantapuram, Kurnool and Nalgonda districts. Th...
Argentinan capacity at its limits?
Cement production capacity in Argentina is reaching its limit, according to Sitio Andino. The rupture of a filter that paralysed Loma Negra’s San Juan works for a month-and-a-half, at a time when the Mendoza construction sector enjoyed a recovery, has highlighted the tight fit between supply and demand in the South American country. Delivery lead times shot up to 30-45 days and prices surged ...
Zambia watchdog to examine pricing factors
Zambia’s Competition and Consumer Protection Commission (CCPC) is to examine the upward adjustment is cement prices across four countries in sub-Saharan Africa. CCPC public relations officer Hanford Chaaba said in an interview with the Times of Zambia that the study being conducted with the support of the African Competition Forum (ACF) to determine the causes of cement prices rises in South ...
Iran’s exports rise 15.79% in first seven months
Iran exported some 7.714Mt of Portland cement during the first seven months of the current Iranian calendar year (beginning 21 March 2013), representing a 15.79 per cent YoY rise. Clinker exports reached 1.61Mt, up 144.65 per cent on the same period of the previous year, data from the Iranian Custom Administration showed. In the last calendar year, Iranian cement and clinker exports wer...
Egypt sees signs of stablisation
Signs of stability are beginning to emerge in the Egyptian cement market with visibility improving in several areas, a recent flash note by CM-CIC Securities highlights. The research house believes visibility is improving on several points. Firstly, volumes have been catching up since August and were up by 15 per cent during the month followed by a three per cent increment in September. ...
Jamaica signs CCCL export agreement to Venezuela
The government of Jamaica has signed an agreement for Caribbean Cement Co Ltd (CCCL) to supply cement to Corporación Socialista del Cemento under the PetroCaribe agreement, local media have reported. However, the arrangement is yet to be approve from authorities in Venezuela. Under the Trade Compensation Mechanism of the PetroCaribe energy cooperation agreement, Jamaica is allowed to settle ...
Significant rise in Saudi Arabia clinker imports
Saudi cement companies have reported a significant rise in clinker imports over the first three quarters of the year while cement exports decline. Clinker imports totalled 1,925,000t during 9M13 compared to 399,000t in the same period of last year, an increase of 382.4 per cent, according to a report, prepared by Al-Eqtisadiah daily. Some 39,000t of cement was imported over the first nine mo...
Falcon Cement receives ISO 9001 certification, Bahrain
Falcon Cement Company, Bahrain’s first integrated cement producer, has announced that following comprehensive assessments, the company and its systems has been approved for ISO 9001 quality management system certification by the Bureau Veritas. “We are delighted to have received this prestigious certification,” Falcon Cement executive director Salah Sharif told Gulf Industry news. “We look f...
Siam Cement expects flat 4Q sales on flood factor
Siam Cement reported a five per cent sales rise in the third quarter, but expects floods to impact sales in the final three months of the year. Sales in the fourth quarter are expected to be flat, as there were no floods during the same period of 2012. As a result, sales growth is estimated at 5.2 per cent for all of 2013. For the third quarter, SCG posted a 53 per cent YoY increase in ne...
ARM expects new capacity to boost earnings
Kenya’s ARM Cement said it expects earnings to increase at a faster pace this year thanks to its new capacity in Tanzania. In an interview with Reuters, ARM Cement’s chief executive, Pradeep Paunrana, told Reuters that the company is looking to increase its “top line and bottom line by 35 per cent over last year,” and expects similar growth next year regarding its expectations for profitabil...