Cement News tagged: International
Hoang Mai Cement sets 2013 profit target, Vietnam
Hoang Mai Cement (HOM) JSC targets a profit of VND86bn (US$4.11m) this year, according to the company’s chief accountant, Tran Minh Son. HOM is part of the Vicem group which directs much of the largely state-run Vietnam cement industry. For the nine months to September 2012, HOM achieved a net profit of VND54.58bn on revenue of VND1.06trn, down 30.67 per cent and up 3.92 per cent YoY, r...
Southern Province signs contract for power plant expansion, Saudi Arabia
Southern Province Cement Co (SPCC) has signed a contract with Wartsilla for the expansion of the former’s power generating plant at the Tahama works. The contract was signed by HH Prince Abdullah bin Mosa’ad bin Abdulrahman Al-Saud, SPCC chairman, with Wartsilla to add four diesel units operating by heavy fuel with a total capacity of 32MW.
Gresik achieves record production in 2012
State-owned Indonesian cement producer PT Semen Gresik achieved record production last year and targets further increases this year, according to a senior member of the company. Cement production rose 18 per cent in 2012 to 22.6Mt and revenue is expected to hit IDR19trn (US$2bn). “We hit a record in terms of production,” said the company’s president director Dwi Soetjipto in Gresik early t...
South Africa 9M12 sales rise 2.9%
South Africa cement sales for the first nine months of 2012 rose 2.9 per cent to 8.529Mt from 8.290Mt in the same period of 2011, latest data from the Cement & Concrete Institute (C&CI) shows. The moving annual total also rose 3.9 per cent to 11.473Mt from 11.038Mt in the corresponding period a year a go. However, 3Q12 sales were down 3.8 per cent to 2.976Mt compared to 3.092Mt in the 3Q...
Mangalam Cement new projects set for 2013 completion
India-based producer Mangalam Cement, part of the BK Birla group, will complete its capacity expansion projects this year. The company is increasing clinker capacity from 1.5Mta to 2.2Mta and is also setting up a 1.25Mta grinding works at its existing plat at Morak, Rajasthan. According to sources, the clinker expansion project is likely to be completed by April 2013 with the grinding plant...
Holcim sells stake in power generation subsidiary, Philippines
Trans-Asia Oil and Energy Development Corp (TA Oil) has acquired the stake of partner Holcim Philippines Inc in a power plant in Bulacan province. In a disclosure to the Philippine Stock Exchange, TA Oil said that it "signed a share purchase agreement for the purchase by Trans-Asia of Holcim's 50 per cent stake in Trans-Asia Power Generation Corporation." The deal gives Trans-Asia full owne...
Pakistan export volumes fall, rise in value terms
During the first five months of the current fiscal (FY12-13) Pakistan exported 3.612Mt of cement and earned US$245.48m compared to 3.624Mt at US$192.31m in the corresponding period of last year. This shows that cement exports rose 27.65 per cent in terms of value in dollars but fell by 0.32 per cent in terms of quantity over the July-November FY11-12 period, according to data by Pakistan’s Fe...
Further double-digit gains forecast for Indonesian demand
Indonesian cement consumption is expected to rise between 10-12 per cent in 2013, driven by developments in the property and infrastructure sector, according to estimates by the Indonesian Cement Association (ASI). Cement demand last year is expected to have increased by 14.5 per cent to 55Mt. The ASI is optimistic that this high growth trajectory can be sustained this year thanks in part t...
Iran cement production rises 5.85% in first nine months of the year
Iran produced 53.16Mt in the first nine months of the current Iranian year (beginning 20 March 2012), representing a 5.85 per cent increase on the 51.65Mt produced in the same period of last year. The country produced 53.39Mt of clinker over the same period, 5.8 per cent higher than the 50.46Mt manufactured in the first nine months of the previous year. Exports of cement and clinker ove...
Bangladesh: clinker shipment held at port
A clinker shipment from Singapore for Bangladesh's second largest cement producer HeidelbergCement Bangladesh (HCB) has been hindered by litigation for the past month. According to sources from the Chittagong Port Authority (CPA), as well as Bangladesh shipping Industry sources, a foreign flag bulk carrier DD Fidelity has been detained since 6 December 2012 on the order of the High Court o...
Algerian Jan-Nov12 imports increase 92%
The first 11 months of 2012 saw Algeria increase its cement imports by 91.95 per cent, according to Algerian customs figures. In terms of value, imports rose from US$117.4m to US$225.4m while in terms of volumes, the advance reached 96.61 per cent from 1.267Mt to 2.492Mt. The high demand for the product, particularly in the dry season from March to August, has been the main cause of this i...
Cement major to set up third unit in West Bengal
Ambuja Cement, the Indian subsidiary of Holcim, has expressed an interest in setting up a third unit in Bengal
Kenya: EAPCC reverts to Bamburi for clinker supply
East Africa Portland Cement Company (EAPCC) has turned to its shareholder, Bamburi Cement, to supply clinker a year after it severed a four-year supply deal with the firm and inked a contract with National Cement.
Angola: Kwanza-Sul cement factory to start production in 2013
Fábrica de Cimento do Kwanza Sul (FCKS) will start production in November 2013.
Northern India: rising demand to support prices
A slower rate of new capacity additions coupled with strong demand in north India will improve the business environment enabling higher prices for cement companies
Pakistan: Thatta Cement captive power plant comes online
Pakistan cement manufacturer, Thatta Cement Company Limited (TCCL), has informed Karachi Stock Exchange (KSE) recently that its subsidiary, Thatta Power Limited (TPPL), has successfully started its captive power plant’s commercial production of power.