Cement News tagged: International
Argos to evaluate cement price cuts
Colombia’s vice president, Angelino Garzon, met with Cementos Argos directors to discuss cement pricing in the country. "I said it is very important that Argos can talk to other cement companies to help the Government to achieve a compromise which allows lower cement prices," said the official. Argos said it would review the pricing structure and seek a reduction in cement prices, in con...
GCC: returning to form
This year has marked a broad-based recovery in the construction markets of the Gulf Cooperation Council (GCC) and the region appears to be returning to form, driven particularly by projects in Saudi Arabia and Qatar, as well as emerging signs of recovery in the UAE. A recent report by Global Investment House (GIH) states that the turnaround seen in 2012 is expected to maintain moment...
Qatar could face shortages due to lack of capacity additions
Qatar could face a “major cement shortage” in the near term with no major capacity expansions in the pipeline to meet expected strong rises in demand, a new report by Global Investment House (GIH) has cautioned. In anticipation of the FIFA World Cup in 2022 in Qatar, there are numerous projects planned and underway to ensure that the country has the right infrastructure and competition ve...
CRH opens regional headquarters in Singapore
CRH announced the official opening today of its regional headquarters in Singapore, to oversee the expansion of its existing interests in India and China, and to pursue further development opportunities in the wider Asia region. Commenting on the opening, Ken McKnight, President of CRH Asia said:“ The opening of our regional headquarters in Singapore today marks a further step in the evoluti...
HeidelbergCement India reports quarterly loss
HeidelbergCement India has reported a loss for the third quarter of 2013 due to higher finance costs and depreciation expenses. During the July-September period of 2013 the company reported a INR28.35 crore loss having registered a INR7.5 crore net profit in the same quarter of the last fiscal, it said in a filing to the Bombay Stock Exchange. Total expenses rose to INR314.43 crore during...
Cemento Andino expand production capacity to 2Mta
Venezuela’s Minister of Industry, Ricardo Menéndez, announced that Cemento Andino will increase capacity at its Las Llanadas plant in Trujillo from 0.7Mt to 2Mt. The expansion will see the construction of a second, 1.2Mta production line. The project will be carried out by an undisclosed Chinese equipment supplier.
Asia Cement expects higher nine-month net profit
Asia Cement said it expects a 150 per cent YoY increase in unaudited net profit attributable to shareholder for the first nine months of the year. The company says the advance is due to higher sales volumes and a decrease in coal costs compared to the same period of last year.
China: new measures to curb overcapacity
China has announced new plans to curtail overcapacity that is persisting in a number of sectors and is offering fiscal incentives to encourage the removal of obsolete capacity. New projects will be banned in sectors experiencing overcapacity including the cement, steel, aluminium, glass, and shipbuilding, and new fiscal incentives will be provided to encourage companies to phase out extra ob...
Lafarge Pakistan plans to issue shares
Lafarge Pakistan Cement Ltd has called an extraordinary general meeting on 29 October 2013 to seek approval from shareholders to make arrangements to settle an outstanding payment of PKR1.434bn (US$13.5m). According to company, this amount represents technical and managerial support provided to the company by Pakistan Cement Holding Ltd (PCHL) which is payable in foreign currency. The contin...
Cimpor to refocus Portuguese operations towards exports
With Portuguese cement demand remaining subdued, Cimpor is trying to reorientate cement output from its domestic operations towards export markets, CEO, Ricardo Lima, has said. Speaking to economic daily Diario Economico, Mr Lima said that the company is trying to transform Portugal to an export platform. The company currently has an installed cement capacity of some 9Mt in the country while ...
Armenian exports rise in first six months of 2013
Armenian cement exports have increased over the first six months of the year despite a drop in domestic output. Data from the National Statistics Service reported by ArmInfo that over the January-June 2013 period, cement production declined 3.2 per cent to 180,000t from 186,300t in the same period of the year before, while exports rose 64 per cent from 56,000t in 1H12 to 92,000t in the firs...
Production halted at Birla Corp's Durgapur units due to east coast cyclone, India
Birla Corporation said production at its Durgapur cement unit in West Bengal has been affected by the severe Cyclone Phailin that hit eastern areas of India earlier this week and the company is now working towards restoring power before operations can resume. "The operations at the company's Durgapur Cement units have been affected on account of severe 'Tornado' on October 13, 2013, which d...
Brazil sales edge ahead 2.3%, Jan-Sept
Brazilian cement sales in the first nine months of 2013 totalled 52.4Mt, a rise of 2.3 per cent on the same period of last year, latest data from Sindicato Nacional da Indústria do Cimento shows. Third quarter sales rose by 3.8 per cent to 18.8Mt, compared to 2.8 per cent growth in the same quarter of 2012. However, this is slower than the 4.8 per cent YoY growth seen in the second quarter ...
Fancesa to open bidding process for new plant, Bolivia
Bolivian cement producer Fancesa will put out its planned new cement works out to tender next year. Mirko Gardilcic, Fancesa manager, said the new works will be a split-site plant with the clinker factory in the outskirts of Sucre while the grinding unit will be built near Santa Cruz de la Sierra. The new facilities will increase Fancesa’s current production capacity by 40 per cent. The ...
Lafarge confirms commitment to Indian market
Despite the current slowdown on the Indian market, Lafarge has reaffirmed its commitment given the country’s huge long-term potential. In an interview with the Economic Times (ET) of India, Martin Kriegner, CEO of Lafarge India, said that even though market growth has slowed from original projections, the company aims to be “more resilient” and is not giving up on any segments. “In the short...
FLSmidth confirms Qatari project talks, contract to be finalised
Following reports in Qatari media stating that FLSmidth has entered into an agreement with Qatari Investors Group for supply of equipment and machinery for a cement plant in Qatar, the Danish equipment supplier has confirmed negotiations are currently taking place. However, in a statement released yesterday, FLSmidth said that the order is yet to be confirmed: "If and when a contract is final...