Cement News tagged: International
ACC and Ambuja optimistic on year ahead
Holcim’s Indian interests, ACC and Ambuja Cements both have an optimistic outlook for domestic cement demand this year, the Wall Street Journal reports. ACC said though economic growth during the current fiscal year hasn’t been robust, it has seen some positive signs in the last few months. “In the near term, we expect economic development will accelerate as India plans to invest about US$1t...
Jaypee Cement set to launch new Andhra Pradesh plant, India
Jaypee Cement’s new 5Mta cement plant, situated in Krishna District, Andhra Pradesh, will commence next month, Business Line of India reports. The new facility will cater mainly to the southern markets, Narayan Rao, senior general manager of the Jaypee Group said during a launch brand in the state. The company is also planning to increase capacity of the Andhra Cement plant. “Over the next...
Deutsche Bank revises China outlook
Following discussions with the China Cement Association, Deutsche Bank now expect capacity growth of 7.5% and 3.4% in 2012 and 2013 versus its previous expectations of 4.1% and 2.2%. Deutsche forecast national demand to grow 3.3% in 2012 compared to its previous forecast of 4.1%. This could prove conservative if property stabilizes and the economy recovers in 2H12, the bank notes. Neverthel...
Gyzyldash cement plant scheduled to begin in 2013
Within the next month Gyzyldash Cement will begin construction of a 5000tpd clinker plan (2Mta cement plant) in Azerbaijan. The contract was signed by Azerbaijan with Norm LLC and a consortium consisting of China Triumph International Engineering Co (CTIEC) and Japanese Mitsubishi Corporation for the turnkey construction of the plant. CEO of Norm LLC Hasan Yalchinkaya said in an interview w...
Domestic demand offsets fall in Pakistan exports
Pakistan produced 17.94Mt of cement in the first seven months of the current fiscal ending January 2012, according to data from the All Pakistan Cement Manufacturers Association (APCM). This represents a four per cent increase on production achieved during the corresponding period of the last fiscal, APCM chairman Aizaz Mansoor Sheikh said. In a statement he said that a 7.21 per cent declin...
Vassiliko workers strike over wages, Cyprus
Some 170 employees of the Vassiliko Cement Public Company staged a 24-hour warning strike over wage disputes, according to reports from the Cyprus Mail. Workers unions PEO and SEK accused the company of unilaterally proceeding with austerity measures which violated the collective agreements currently in place. Measures include the scrapping of wage rises and increments, changes in the overti...
Action against cement companies delayed, India
Action against the eight cement companies alleged of flouting the forest and environment norms in the Jaintia Hills district of Meghalya, India has been further delayed. Local press report that the delay is due to the Central empowered committee (CEC) directives to the government of Meghalaya to constitute a Joint investigation committee (JIC) to re-examine the findings of the state constit...
Pakistan cement industry pin hopes on MFN status to India
Pakistan and India are likely to discuss the issue of Most Favoured Nation (MFN) during a visit this week by an India trade delegation, headed by its Commerce Minister Anand Sharma, visits Pakistan. Both governments are expected to sign formal agreements including customs cooperation, certification of goods and also address challenges being faced by Pakistan exporters into India. Pakistan’s ...
Venezuela cement prices rise 13.4%
In January the prices of construction materials in Venezuela increased 2.5 per cent largely as a result from a rise in prices in the steel and cement sectors. Statistics from the Central Bank of Venezuela (BCV), showing the wholesale price index of construction materials, shows that in one month cement prices increased 13.4 per cent. According to BCV figures, in 12 months cement prices a...
Increased power tariffs result in cement price hikes, Tanzania
A recent rise in power tariffs by over 40 per cent has resulted in the price of Tanzanian building materials starting to also increase. A spot survey by local newspaper, ‘Daily News’ on Tursday showed that the price of Twiga cement sold by Tanzania Portland Cement Company (TPCC) has risen to between TZS14,500 and TZS15,500 per 50kg bag, depending on the location. This follows the company...
India Cement’s quarterly advance, outlook cautious
India Cements saw its profit more than double in 3QFY11-12 to INR56.31m crore (US$11.5m) helped by an accounting change and a revival in demand in the key Andhra Pradesh market. The Chennai-based company registered a net profit of INR21.47 crore net profit in the Octocber-December quarter of the financial year, the company said in a statement to the Bombay Stock Exchange. However, vice-chai...
Chettinad Cement to enter Karnataka this year, India
Chettinad Cement will commission a 2.5Mta cement plant in North Karnataka in the current year and has finalised plans to expand into Andhra Pradesh, Business Line of India reports. The Karnataka unit will mark Chettinad Cement's geographical expansion outside Tamil Nadu and will give it market reach into Maharashtra, where it plans to put up a grinding unit of about 1.5Mta, according to MAMR,...
Saudi Cement in talks to sell extra clinker supplies
Saudi Cement has said that due to the rising demand for cement in the Kingdom, it has started negotiating with a number of local producers for the sale of excess quantities of clinker. The company announced that since 4 February it has been in talks to sell as much as 600,000t of extra clinker supplies as local producers are benefiting from increased government spending.
Derba MIDROC Cement inaugurated, Ethiopia
Derba MIDROC Cement Plc, Ethiopia’s biggest cement factory, was inaugurated on Sunday in the presence of Ethiopia’s Prime Minister Meles Zenawi and other invited guests. The US$351m plant was built by the MIDROC Ethiopia group owned by Mohammed al-Amoudi, an Ethiopian-born Saudi Arabian billionaire who is one of the biggest investors in Ethiopia. Derba MIDROC located about 70km northwest of...
Birla Corp to replace coal with CBM at Durgapur unit, India
India's Birla Corp said Friday that the company will use coal bed methane gas rather than coal for its Durgapur plant in the state of West Bengal. India Energy News reported that the company took decision owing to the long-term risks associated with coal prices after being linked to global benchmarks. The state-owned coal major Coal India Ltd introduced new coal pricing mechanism linked to g...
US November shipments up 5%
Total shipments of Portland and blended cement in the United States and Puerto Rico for November 2011 were 6.2Mt, data from the US Geological Survey showed. This was 5% higher than shipments in November 2010. Shipments for the year through November were 67.3 Mt, slightly higher than those of the same period in 2010. The leading producing states in November were Texas, California, Missouri, ...