Cement News tagged: International
Titan looks to boost energy supplies in Egypt
Titan Cement Company has begun discussions with Egypt’s Ministries of Petroleum to boost its energy supplies. In an interview with Egypt Daily News, Titan Cement Company executive VP, Medhat Stephanos, said some Egyptian cement factories have had to scale back production and distribution by an average of 24 per cent due to low and intermittent supplies of natural gas. However, the comp...
Spanish demand falls 22% in first nine months
Cement consumption in the first nine months of this year fell by 22 per cent YoY to 8.3Mt, latest data from domestic association Oficemen shows. In September, demand fell to 947,170t, a decline of nine per cent YoY. "The continuing cuts in public works investments are a blow to the activity and jobs in the construction sector, an industry that has been generating wealth and jobs in our co...
Holcim Indonesia secures loan for Tuban Line 2 project
Holcim Indonesia is to receive a loan from the commercial arm of the German development bank KfW Ipex and BNP Paribas for US$98m for a second kiln line project at the new Tuban cement works. “The financing is covered with an Euler Hermes export guarantee based on deliveries and services provided by ThyssenKrupp Resource Technologies,” Stefan Eitel, director team head of Metals & Mining at K...
Akkord to expand capacity of Gazakh plant, Azerbaijan
Akkord Cement is preparing to more than double capacity at its recently-launched Gazakh Cement plant in Azerbaijan over the next three years. Line No 1 of the Gazakh plant, which was commissioned on 5 July 2013 in the presence of Azerbaijan president Illham Aliyev, has a cement capacity of 1-1.2Mta. SC Endüstri of Turkey was the project’s main contractor. In a second phase of construction i...
Fauji 1Q boosted by higher sales and prices
Pakistan-based producer Fauji Cement reported a 61 per cent rise in profit after tax for the first quarter of the current Pakistan fiscal year to PKR582m (US$5.4m), as higher volumes and prices boost sales. According to analysts at Summit Capital, the company performed well due to sharp increase in its top line which was up by 12 per cent YoY and improved gross margins due to higher cement ...
Dalmia's new Karnataka plant scheduled for March completion
Dalmia Cement (Bharat) Ltd has said its new plant in Karnataka will start production before the close of the current fiscal year and serve the neighbouring state of Maharashtra. Speaking to local reporters, Vipin Agarwa, CEO, South-Cement. Dalmia Bharat Group, told the Business Standardt aht the new 2.5Mta is expected to begin production by March 2014. He further added that the company plans ...
Holcim, Cemex Europe deal to be examined
EU antitrust regulators will assess a bid by Cemex to acquire Holcim's cement operations in Spain following a request from Spanish authorities, the European Commission said. Cemex and Holcim announced plans back in August this year to exchange some assets and combine others in Germany, Czech Republic and Spain to boost profit amid tough conditions in the European construction sector. The Spa...
UltraTech Cement's quarterly profit falls 52% YoY
UltraTech Cement, India’s largest cement maker, posted a 52 per cent decline in net profit for the July-September quarter, mainly due to lower selling prices and subdued demand. The company reported a net profit of INR2.6bn (US$42m) for the quarter ended 30 September. Domestic cement and clinker sales stood at 9.1Mt. It noted that cement demand remained “sluggish due to a prolonged mons...
Cemex third quarter loss expected to narrow
Cemex is expected to post a narrower third quarter loss for the July-September period of 2013 led by a pick-up by US sales, the company’s biggest market. According to a Reuters' survey of six analysts, the Mexican cement major is expected to report a loss of US$22m compared with a loss of US$203m a year earlier. An increase in US sales is expected to offset weak performances in Europe and Me...
Qizildas Cement launches production, Azerbaijan
NORM LLC has launched production at its 2Mta Qizildas Cement plant, marking the entry of a new player on the Azerbaijan market. “At present, construction work is completed at the plant and production of the first cement started. Full commissioning of the plant is planned by the end of 2013,” the company said. The new plant is located on a 160ha plot about 2.6km north of the Sangachal Oil Te...
Hetuda factory resumes production, Nepal
Hetuda Cement Factory has resumed clinker production following a three week closure due to a technical issue with its kiln. The cement plant halted production on 28 September 2013, and according to senior technical officer of the factory, Tej Bahadur Godar, told Republica News that output had restarted following the completion of necessary refractory repairs. In the last fiscal year, produ...
Siemens wins new order from TPI Polene, Thailand
TPI Polene Public has placed an order with Siemens for engineering and supply of the power distribution system and drives for a new clinker production line in Saraburi, Thailand. Siemens will be supplying the drive solutions as well as the switchgear for the high, medium and low-voltage distribution systems and is also responsible for project management and engineering. The deal for the dr...
Dangote plans to enter Niger market
Dangote Cement plans to spend US$350m to build a new cement in Niger as part of the its African expansion drive. Speaking to press following a meeting with Niger President Issoufou Mahamadou on Wednesday, Aliko Dangote, stated: "I announced to the head of state my intention to build a cement plant worth US$350m which will produce 1.5Mta." "The realisation of this project will create 6000 ...
Argentina: cement market expands 17% YoY
In September, Argentina’s cement producers delivered 1,050,170t of cement, including exports. While this represents a 2.7 per cent decrease when compared with August dispatches, the volume rose 15.8 per cent YoY. The internal market absorbed 1,041,084t, 2.8 per cent less than the previous month. However, when compared with September 2012, Argentine producers enjoyed a 17 per cent rise in sal...
Ecuador Jan-Sept cement sales rise 11% YoY
Cement sales in Ecuador for the first nine months of 2013 have increased by 11 per cent YoY, latest data from the country’s cement association, Inecyc, shows. During the January-September period the company sold 4.836Mt compared to 4.356Mt in the first nine months of 2012. In September 2013 alone, cement sales were 565,775t, a rise of 8.8 per cent from the 519,919t recorded in the same m...
Vietnam expects price stability
Vietnam’s Ministry of Finance's Pricing Management Department expects cement prices to remain stable this month following September’s increase, local press reported. Some companies operating under the country’s largest cement producer, Vicem, raised prices by 5-9 per cent a month ago to VND1.3m-1.5m/t (US$61-71) in the north and VND1.6m-VND1.8m in the south. Vicem chairman attributed the hik...