Cement News tagged: International
Sepahan Cement workers strike, Iran
A total of 700 workers from Sepahan Cement Company have entered their third day of strike action in protest against unfavourable legal and working conditions, according to local press reports. According to the Iranian Labour News Agency (ILNA), the protestors have written to the Ministry of Cooperatives, Labour and Social welfare along with MPs regarding their concerns but to no effect. Th...
Vietnam exports seen rising
Exports of cement and clinker are forecast to increase by 27 per cent this year compared to 2011, according to forecasts by the Vietnam Cement Association (VNCA). As as the country attempts to reduce excess supplies, the VNCA expects clinker exports this year to reach 6.2Mt and cement exports to be around the 1.5Mt mark, bringing overall volumes to 7.7Mt. Last year, total exports reached 6....
Pakistan cuts Indian cement export prices
Pakistan cement producers have cut export prices for India by 13 per cent due to currency movements. The Business Recorder of Pakistan reports that due to the depreciation of the Pakistan rupee, cement producers have reduced export prices by US$/9/t. As such, cement is now being exported to India at an average price of US$60/t compared to US$69/t previously. Market sources said this will...
Oskolcement increases 1H shipments by 6.1%
Russia-based producer Oskolcement has reported shipments of 1.5Mt for the first six months of 2012, representing a YoY increase of 6.1 per cent. In terms of distribution, thanks to a fleet of new trucks purchased by parent company Eurocement, deliveries by road increased by 17.1 per cent YoY.
Indonesian president set to inaugurate new Gresik plant
Indonesia President Susilo Bambang Yudhoyono is scheduled to inaugurate? PT Semen Tonasa's V cement plant in South Sulawesi, on August 31, 2012. President Director of PT Semen Tonasa Sattar Bata told local media that the construction of the 2.5Mta has entered its final stages. "All the physical work had been completed in June, while the finishing touches and inaugural preparations wil...
Lafarge Republic sees increased market growth, Philippines
Having witnessed flat YoY sales in 2011, Lafarge Republic (formerly Republic Cement Corp) has said it expects market growth to accelerate on the back of increased government spending on infrastructure. During the company’s annual stakeholders meeting, company president Renato C Sunico, said that almost flat nationwide cement consumption of 15.6Mt last year was due to reduced government infr...
Citigroup lowers Italcementi price target, Italy
Citigroup has lowered its price target on Italcementi to EUR3.60 from EUR4.10, after cutting by 15% the pre-tax profit estimates for the Italian cement producer in 2012 and 2013. The prices and figures in Italy grew despite the weak market conditions but the dipping sales in France lead the bank to expect lower figures in 2012 than in 2011, Citigroup commented. The higher prices in North ...
Hanson Cement inquiry cost nearly GBP500,000, UK
An inquiry into health concerns at Hanson Cement’s Padeswood plant in Wales cost almost GPB500,000 (EUR630,000). Concerns by residents living near the cement works prompted a study by the Welsh government which lasted for two years. No links between the factory and levels of cancer and other illnesses were found, the report concluded last year. The Hanson Cement Investigation Response Te...
Siam Cement Group’s ASEAN focus
Siam Cement Group (SCG) has said it would spend more than half of its THB200bn investment budget for 2012-16 in the ASEAN region. Speaking to the Bangkok Post, SCG president and CEO Kan Trakulhoon said: “A market with 601 million people and a need for infrastructure development is promising.’ The move reflects the shift of major investment to Asean after as much as 70-80 per cent of SCG'...
China: first half profit concerns
With disappointing economic data emanating from China recently, a number of domestic cement producers have issued profit warnings for the first half of 2012 of between 30-50 per cent. While some of these manufacturers have reported improving market demand since the second quarter, pressure on cement prices is likely to persist. An increasing number of Chinese companies across the board are ...
Pakistan’s full-year domestic dispatches rise 8.84%
Pakistan has closed fiscal year 2011-12 (FY11-12) with an 8.84 per cent YoY rise in local dispatches, however exports for the year have seen their third successive year of decline and capacity utilisation remains under pressure. Domestic dispatches for the fiscal year, which ended on 30 June 2012, reached a record 23.947Mt, data from the All Pakistan Cement Manufacturers Association (APCMA...
Swiss second quarter deliveries fall
In the second quarter of 2012, Swiss deliveries fell by 3.2 per cent when compared with the previous year, figures from local cement association Cemsuisse show. Deliveries for the year to June are 11.4 per cent lower than the same period of last year. This value can be attributed to a fall of around 22 per cent in the first quarter; due to a prolonged cold spell.
Thang Long Cement sales reach 1.3Mt in 1H12
Vietnam-based producer Thang Long Cement JSC sold almost 1.3Mt of clinker and cement in the first six months, Thanh Nien reports. The firm has exported over 5000t of cement to Cambodia this year.
Cementir entering Britain
The Italian cement and aggregates group Cementir is entering the British market – not in cement or aggregates, but in waste management through its Turkish subsidiary Recydia. In Turkey, Recydia collects refuse to burn in its immediate parent's cement kilns. Recydia has invested GBP8.9m (€11m) in buying a company collecting and recycling municipal and industrial waste in Manchester, Liverpo...
Egypt set to resume cement license programme
The Egyptian government is to start resuming its cement licensing programme to attract investment, particularly foreign interest, according to an official at the Ministry of Finance. Reports in the Daily News, Egypt, state that the source noted that the “economic group of ministers prepared a plan to offer new cement licenses. The plan is the same prepared by the Industrial Development Auth...
Argentina’s June shipments rise MoM
During June 2012, Argentina shipped 906,263t of cement, including exports, representing an increase of 1.9 per cent compared to May 2012, data from the Asociación de Fabricantes de Cemento Portland (AFCP) showed. However, compared to June 2011, volumes were down 1.3%. Domestic consumption was 888,146t, a rise of 1.9 per cent over the previous month and an increase of 0.1 per cent compared w...