Cement News tagged under: Weekly Newsletter
Pakistan: Gharibwal Cement to site new plant in Haripur30 March 2017, Published under Cement NewsIn an announcement to the Pakistan Stock Exchange, Gharibwal Cement has said that has been awarded a licence to prospect for limestone in Haripur district with a view to establishing a new cement plant. On 29 March Gharibwal was among 14 firms that were given permission by the government of Khyber Pakhtunkhwa to establish a new cement plants in the province. Today’s announcement indicates that Gharibwal’s new unit will be located in Haripur, just to the north of Pakistan’s capital, Islama... |
EU reportedly set to block HeidelbergCement, Schwenk's Cemex Croatia deal29 March 2017, Published under Cement NewsEU antitrust regulators are set to block HeidelbergCement and Schwenk's joint bid for Cemex's Croatian unit barring a last minute change of mind, Reuters reports. The European Commission, which opened an investigation into the deal in October last year, has not been convinced so far by the companies' offer to lease a terminal on the Dalmatian coast to a rival to address its concerns, the news agency reported citing two source familiar with the matter. The EU competition authority has said ... |
Tanzania: Moshi plant ordered to halt operations on pollution concerns29 March 2017, Published under Cement NewsMoshi cement factory has been ordered to halt operations over environmental pollution concerns, with the Tanzanian government demanding the implementation of the National Environment Management Council’s (NEMC’s) recommendations. January Makamba, minister of state in the Vice President’s office, Union and Environment, ordered the immediate closure of the factory, stating: "This factory should from effective today halt operations pending implementation of NEMC recommendations on environment... |
USA: Ecocem to appeal San Francisco Bay grinding plant planning refusal27 March 2017, Published under Cement NewsEcocem is appealing the decision by a US local authority to refuse the Irish cement manufacturer permission to construct a EUR45m (US$47.5m) grinding plant in San Francisco Bay. The planning commission in Vallejo, California, recently refused Ecocem’s subsidiary, Orcem Americas, permission to build on the city’s waterfront based on environmental concerns including increased traffic and pollution. The Irish Times reported on Friday that Orcem has since lodged an appeal with Vallejo city... |
Indocement expects 3-5 per cent rise in domestic consumption22 March 2017, Published under Cement NewsIndonesia's second-largest cement producer, PT Indocement Tunggal Prakarsa, expects domestic cement consumption to increase by 3-5 per cent in 2017, its President Director, Christian Kartawijaya, told the Jakarta Post. Mr Kartawijaya said that he attributes the expected rise in demand due to a number of factors including funds coming from the government’s tax amnesty, the drop of interest in housing loans (KPR) and relief in requirements for the loan-to-value (LTV) ratio. Last year Indoc... |
Moroccan cement sales slip 10% in February20 March 2017, Published under Cement NewsMorocco's cement market contracted 9.9 per cent YoY in February to 1.064Mt from 1.181Mt in February 2016. The Laayoun-S Elhamra region saw the largest decrease of 39.4 per cent YoY to 6.761Mt while other significant decreases of 15-16 per cent YoY were reported in the key markets of Tanger-Tétouan and Al Houceima, Casablanca-Settat and Marrakech-Safi. However, YoY growth was noted in Guelmim-Oued Noun (+88.1 per cent), Dakhla-Oued Ed-Dahab (+27.7 per cent), Drâa-Tafilet (+74 per cent) and... |
Uruguay: Ancap to make further production cuts20 March 2017, Published under Cement NewsAncap is expected to make cuts in overtime, security and cleaning personnel to move the company's results closer to the black while keeping both plants at Minas and Paysandú operational, according to the newspaper El País de Montevideo. Losses at the companies reached US$207m in the past decade with 2016 results indicating a loss of US$25m. To return Ancap to profitability, the company’s syndicate has proposed to access international reserves to install a third kiln line at Paysandú, part... |
Cemex launches Cemex Ventures20 March 2017, Published under Cement NewsCemex has announced the launch of Cemex Ventures, the company's open innovation and venture capital unit. According to a statement by the company, Cemex Ventures will develop opportunities in key focus areas outside of Cemex’s core business, such as urban development, connectivity improvements within the construction value chain, new construction trends and technologies, and the creation and development of new project finance resources. What sets Cemex Ventures apart is its flexible appr... |
Spanish cement market starts 2017 with good growth17 March 2017, Published under Cement NewsSpain's cement market expanded by 4.2 per cent YoY in February 2017 when sales reached 910,252t, according to Oficemen, the Spanish cement association. However, exports fell by around nine per cent to 611,000t. "We consider that this slight increase in the consumption of cement is an unexpected and punctual data, due to the volatility of the market," says Oficemen General Director, Aniceto Zaragoza. "To this we have to add with concern, that the current motor of the construction sector, t... |
India: Government to sell non-operational CCI units17 March 2017, Published under Cement NewsThe government of India has announced that it plans to sell off five non-operational units of the Cement Corporation of India (CCI) as the first step towards complete divestment of the company, the Times of India reports. "As far as CCI is concerned, non-operating units of CCI are to be disinvested first as a part of strategic disinvestment of CCI," Minister of State for Heavy Industries and Public Enterprises, Babul Supriyo, said. The initial sell-off will involve facilities at Mandha... |