Cement News tagged: International
Indian producers move forward with cartel appeal
Eleven Indian cement producers fined by the Competition Commission of India (CCI) for cartel practices, yesterday approached the Competition Appellate Tribunal (COMPAT) to challenge the findings announced earlier this year. A notice has now been issued to the CCI and the matter is listed for the next hearing on 22 November. ? The three-member COMPAT bench, headed by chairman Justice VS Sirpur...
Boral sees US housing recovery
Australian market conditions have remained difficult in the quarter to the end of September, though weather conditions have been somewhat better. While infrastructure investment has been strong, this has not been sufficient to offset the continued negative impact coming from the residential market. Cement pricing has been weak because of low import parity costs that reflect low bulk shippin...
Holcim looking to build new Indonesian cement plant
Holcim is reportedly planning to build a cement plant in Tuban, East Java in addition to the plant it is currently constructing to capture a further portion of Indonesia's huge long-term potential for cement demand. Holcim is currently building a new plant in Tuban on the main island of Java. Slated to come on-stream in the first half of 2013, this important plant will have a capacity of 1....
New Tajikistan cement plant inaugurated
A new cement plant by Suhgd Cement, situated in north Tajikistan, has been officially inaugurated in the presence of Gul Sherali, the country’s Minister of Energy and Industry. The official opening took place following two months of successful test runs. The new plant has a capacity of 100,000tpa with plans to increase volumes to 1Mta. Currently there are three small scale cement produce...
Holcim Philippines to boost cement capacity
Holcim Philippines has announced that it is planning to invest US$350m-450m in a new 2Mta cement plant to meet long term domestic market needs. Speaking at a press briefing, Holcim Philippines COO Roland van Wijnen said that the company has been in the process of increasing its capacity in line with recent strong gains in local consumption. It has begun reactivating its idle facilities beginn...
Ash Grove announces two company promotions, USA
Ash Grove Cement Company announced promotions in its sales leadership teams, Chairman of the Board and Chief Executive Officer Charlie Sunderland announced. The promotions are effective 1 January 2013. Ernie Peterson is promoted to vice president of sales - Midwest and will report to Charlie Sunderland. Peterson has been with Ash Grove 15 years, including the last five years as regional sal...
Iran six month output hits 36Mt
Cement production in Iran during the first six months of the current Iranian calender (beginning 20 March 2012) has reached 36Mt, Esfandiar Salarvand MD of Fars & Khuzestan Cement Company, told local press. Mr Salarvand said that Iran plans to export 12Mt of cement in the current calender year. Last month, Vajihollah Jafari deputy industry minister of Iran said that Iran plans to produce 7...
New Ethiopian cement factory to set to start production
A new 1500tpd cement plant, situated in the eastern town of Dire Dawa, is set to start production in a fortnight. Ture Dire Dawa Cement factory has completed its construction and is awaiting approval from the Ethiopian Conformity Assessment Enterprise (ECAE), according Mohammed Amin, public relation officer of the factory. “We have delivered a sample of our products and are waiting for ...
Indian cement prices rise
A positive cement pricing trend which started in September has continued into October across most of India. The national average price of cement in October stood at INR299/50kg bag, representing a 1.7 MoM rise. A disciplined pricing approach by cement producers has helped drive prices upward. An increase in prices in the southeastern state of Andhra Pradesh has been most welcome as the area...
Congo New Cement capacity expansion plans
Congo New Cement Co expects profits to double this year amid increasing demand and plans to increase capacity at its Loutete cement works. Bloomberg reports that the company, a joint venture owned by China Road & Bridge Corp and the Republic of Congo’s government called, expects profit to increase to almost CFA1bn (US$2m) in 2012 from CFA500m last year, Eugene Ngangoue, a director of the com...
JK Lakshmi to revive Udaipur operations, India
JK Lakshmi Cements plans to restore operations at its Udaipur cement plants as part of its efforts to double cement capacity in the next two years. "We will be spending nearly INR350 crore for reviving the operations. This will help us add nearly 1.4Mta to our existing capacity, thus enabling us to cater to the growing demand for cement," JK Lakshmi Whole-time Director Shailendra Chouksey ...
Siam Cement outlines Southeast Asian expansion plans
Thailand’s Siam Cement Group has outlined further details of plans to expand its cement presence in Southeast Asia. According to reports in The Nation, the group is to invest THB11bn to set up a cement plant in West Java, Indonesia with a capacity of 1.8Mta which is scheduled to commence operations in 2015. The board has also approved a THB5.5bn (US$ 357m) investment to increase capacit...
Lucky Cement 1Q net rises, updates on international expansion
Lucky Cement has reported a strong rise in profit after tax for the first quarter of the current fiscal year and provided a progress update on its expansion into Iraq and Democratic Republic of Congo. The company declared an after tax profit of PKR2014m (US$21m) for the quarter ending 30 September 2012, representing an increase of 33.79 per cent higher than the same period of last year, tha...
Anhui Conch earnings outlook raised, China
Despite Anhui Conch posting a 67 per cent YoY decline in third quarter net profit, Credit Suisse and Citigroup see an improved outlook for the Chinese cement major. Credit Suisse said that Conch’s results "were solid in the context of a very difficult quarter for the industry”. The house estimates unit gross profit to average at CNY80/t in 4Q12, leading to a potential net profit of CNY2.4bn....
Italcementi to revamp Rezzato works, Italy
Leading Italian cement producer Italcementi said it will invest EUR150m to revamp its Rezzato works. The project is scheduled to start in November and is expected to be operational by the end of 2014. The restructuring will lead to improvement in the environmental and economic sustainability of the plant, CEO Carlo Pesenti said. The project aims to cut production costs by 23 per cent...
Keeping pace with demand
Updates this week from the Latin American cement sectors of Colombia, Bolivia and Peru show buoyant market conditions prevail and some local producers are expanding capacities to capture a greater share of market growth. Colombia Earlier this week, Cementos Argos reported that it has seen a continued upward trend in its domestic market of Colombia where current economic growth forecasts,...