Cement News tagged: International
Cementos Moctezuma posts positive 3Q12 results
Mexico’s Cementos Moctezuma 3Q12 net sales reached MXN2.297bn (US$177.7m), representing a rise of 12.7 per cent when compared to last year’s equivalent period. Operating profit climbed MXN757m, up from 3Q11’s figure of MXN573m. Pretax profits improved from MXN591m to MXN758m over the three-month period, according to information sent to the Mexican stock exchange. For the first nine months...
Oman Cement 9M12 net profit surges on local demand
Oman Cement Company’s profit after tax increased 32.5 per cent to OMR12.859m (US$33.4m) in the first nine months of the year against net earnings of OMR9.703m during the same period last year. Cement sales rose 20.8 per cent to 1.689Mt from 1.98Mt last year. Turnover increased 15.16 per cent to OMR41.762m against OMR36.265m last year. Clinker production also sharply increased to 1.505Mt...
India Cements plans Tamil Nadu capacity expansion, India
India Cements is planning work on a brownfield expansion to add over 3Mta at two of its cement plants in the southern Indian state of Tamil Nadu. The Dalavoi plant, in the Ariyalur district, the company plans to construct a new line that will add over 2.55Mta to the existing 2.16Mta capacity, according to reports by Business Line India. This will take total capacity at the plant to 4.71Mta. ...
Pakistan’s 1QFY13 cement exports rise in value terms
Pakistan cement exports in the first quarter of the current fiscal rose in value terms YoY but in quantity terms volumes are still declining, according to data from Pakistan’s Bureau of Statistics. During the period from July-September 2012, US$146.321m worth of cement was exported which was up by 42.35 per cent compared to the same period of last year. However, in terms of quantity, export...
Siam Cement doubles cement sales forecasts
Siam Cement Pcl has doubled its forecast for cement sales growth this year. The company is expected to benefit government projects and the private property sector, and growth should continue in 2013, Reuters reported Chief Executive Kan Trakulhoon as saying. "Cement demand is expected to reach 35Mt this year, which is the highest since 1996," Kan told reporters, referring to the year before t...
Lehigh Cement gets green light for conveyor project, USA
Lehigh Cement Co has been given approval to construct a 4.4 mile long underground conveyor system from the company's quarry to the plant in Union Bridge, Maryland, USA. The board of the Carroll County Commissioners unanimously approved a zoning amendment enabling the company to proceed with the project. The conveyor will transport about 12,000tpd of stone from the company’s New Windsor quarry...
Philippine nine-month cement sales surge
Philippine cement sales increased 20 per cent in the first nine months of 2012, the first time such a high growth rate has been achieved for nearly 20 years. Figures from the Cement Manufacturers Association of the Philippines (CeMAP) show that between Jan-Sept 2012, cement sales reached 13.9Mt against 11.6Mt recorded in the same period last year. CeMAP president Ernesto M. Ordonez told ...
Binani Cement abandons Mauritius project
Indian cement maker Binani Cement has pulled the plug on its Mauritius project. A key issue cited by the company are the lack of area granted to the company by the Mauritius Port Authority. Rajesh Kumar Bagri, director of Binani Cement, says: "We will receive only four hectares from the Mauritius Ports Authority for the cement. This is not enough. Initially, there was talk that 6.5ha would be...
Holcim to modernize Volsk cement plant, Russia
Holcim Russia plans to invested EUR350m for the modernization of its Volsk plant. The project will include the installation of a new semi wet-process production line with a capacity of 4500tpd, replacing the wet process technique. Construction work is expected to start in the second quarter of 2013 and the new line is scheduled to start commissioning in the third quarter of 2016. Las...
Bolivia’s cement sales up 8.5% to September
Bolivian cement sales continued their upward trend with deliveries to September increasing 8.52 per cent to more than 2Mt, according to the Bolivian Institute of Cement and Concrete (IBCH). Domestic cement plants registered an increase of 5.47 per cent, but imports also noted a rise of 4.72 per cent. Insumos Bolivia imported 23,000t of cement in the first nine months of last year. This year,...
OCL to raise funds for new plant, India
OCL India Ltd, part of the Dalmia Group, is planning to raise around US$40m from International Finance Corporation (IFC) to support investment for the company's new 1.35Mta grinding plant at Medinipur, West Bengal. The US$102m plant will be located at Kulapachuria, Salboni sub-division. As a part of developing Godapaisal Industrial Park, the West Bengal Industrial Development Corporation has...
Eurocement’s Ukraine operations see further market growth
Plants operating under the Eurocement-Ukraina network produced more than 1.2Mt of cement in the first nine months of 2012. More than 1.22Mt of cement have been sold in the reporting period. According to VV Gorgolyuk, CEO of Eurocement-Ukraina, results during the period indicate that the potential for further market growth and the strengthening of leadership position in the market of the pla...
JK Cement signs MoU for new plant, India
JK Cement has signed a memorandum of understanding (MoU) with the government of Madhya Pradesh to set up a cement plant in the Panna district of the central Indian state. The MoU was signed in the presence of Chief Minister Shivraj Singh Chouhan and JK Group officials, official sources said, according to reports in the Times of India.
UltraTech second quarter profit surges, India
India’s largest cement producer UltraTech reported a 97 per cent rise in standalone profit to INR5.5bn (US$102m) for the second quarter of the current fiscal FY12-13 but higher input costs continue to impede the domestic industry. During the July-September 2012 period, net sales rose 20 per cent to INR47bn, as consumption has seen a gradual uptick through the year. Cost cutting measures ...
Mozambique prices expected to fall
Mozambique’s minister of industry and trade Armando Inroga expects cement prices will fall by year-end as production stabilises. Further reductions are expected next year as competition increases with new facilities coming on-stream. In the capital Maputo prices have climbed from MZN215/50kg bag (US$7.5) to MZN240 (US$8.3). Prices are reported to be much higher in the central and northern pr...
Iran forecast to produce 75Mt cement by year-end
Iran is projected to produce 75Mt of cement by the end of the current Iranian year (March 20, 2013), according to local news reports. ISNA quoted Iranian deputy industry minister, Vajihollah Jafari, as saying that production capacity will be 86Mt by the end of the year. Iran exported over 6.8Mt of cement during the first six months of the current (Iranian) year.