Cement News tagged under: Weekly Newsletter
Trinidad Cement directors recommend rejection of Cemex bid04 January 2017, Published under Cement NewsThe board of directors of Trinidad Cement Ltd (TCL) has written to shareholders advising them to reject Cemex's TTD597m (US$89m) offer for a controlling interest in the company, the Jamaica Observer reports. “The company (TCL) has experienced a turnaround after multiple past efforts to do so. The evidence of the turnaround is supported by the company’s return to sustainable profitability in 2015 and continuing to produce positive net income throughout 2016,” said the directors in their le... |
Vietnam slows down cement capacity development29 December 2016, Published under Cement NewsThe Vietnamese cement sector has 20Mta overcapacity and must now slow down the pace of investment into new cement production, the government has decided. Vietnam’s cement industry development plan 2011-20, which was approved by the Decision 1488/QD-TTg in 2011 and which has until now supported the development of the industry, will be replaced by a new plan in response to current market conditions. After five years of implementation since 2011, the Prime Minister has agreed to take 14 c... |
Shree Cement Ltd to construct 5Mta plant in Bengal29 December 2016, Published under Cement NewsShree Cement is planning a 5Mta cement plant and a 20MW captive power plant at the villages of Parbatpur and Digha, Tehsil Raghunathpur, dist. Purulia, West Bengal. A railway siding, loading unloading system and residential colony will also be constructed. The total estimated cost of the project is INR6000m. The total land area is 104 acres. The project is waiting for environmental clearance and Pollution Control Board approval. According to West Bengal Pollution Control Board sources, pe... |
India: new MHI plant operational by January21 December 2016, Published under Cement NewsMy Home Industries Ltd (MHI) has announced the launch of its new cement plant in Tuticorin, Tamil Nadu. The plant is expected to start functioning from January 2017. Executive Director of MHI, Samba Siva Rao, said that the grinding unit at Tuticorin would expand the company’s market share in the southern market: “We are leaders in Andhra and Telangana. In Tamil Nadu we have about seven percent market share and in Karnataka, it is about five to six percent. This plant would help strengthen... |
Oficemen: full-year cement demand in Spain expected 3% down20 December 2016, Published under Cement NewsCement demand in Spain edged up 0.6 per cent YoY in November to 1,008,191t, according to the country's cement association, Oficemen. In the January-November period, consumption fell three per cent YoY to 10.336Mt. The association expects full-year domestic cement sales to be down three per cent when compared to 2015. "The electricity price has risen more than 80 per cent from April to October and leaves us at the edge of the abyss in the international markets," explains the CEO of Oficeme... |
China Resources Cement and BBMG sign strategic co-operation agreement20 December 2016, Published under Cement NewsChina Resources Cement said it has entered into a strategic co-operation agreement with BBMG Corporation. The parties will jointly explore the Chinese and overseas markets and further promote the advancement of the technology as well as the transformation and upgrade of the cement industry. Both companies will establish a market communications mechanism to strengthen the sharing of market information and experience in production, technology and business management on a regular basis, w... |
Indonesia: Bosowa Corp opens new 1.8Mta grinding plant19 December 2016, Published under Cement NewsThe Bosowa Corporation has started operation of two new facilities in Banyuwangi, East Java, built with a IDR1.59trn (US$118.2m) investment as part of its expansion strategy this year. The company has completed a cement grinding plant worth INR800bn and a liquefied petroleum gas (LPG) terminal worth INR787bn, are set to tighten Bosowa's grip on both the cement and energy industries in the surrounding regions. "The facilities aim to strengthen distribution and the existence of LPG and cemen... |
Pakistan: Fauji Cement and Sinoma sign WHR project19 December 2016, Published under Cement NewsSinoma Energy Conservation Co will supply and setup a power generation plant for Fauji Cement Co Ltd (FCCL), which will produce 7.6MW electricity by capping waste heat gases of cement plant from Line-1 and the Wartsila captive power plant. The project will commence on 1 January 2017 and will be commissioned in 14 months. This will be the second Waste Heat Recovery (WHR) power plant after the first one with a capacity of 12MW was commissioned on Line-2 on 23 March 2015. On completion... |
USA: Portland and blended cement shipments in September fall 2.8%16 December 2016, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico in September 2016 were about 8.8Mt, down by 2.8 per cent from sales in September 2015. The leading cement-producing states for Portland and blended cement in September 2016 were Texas, Missouri, California, Florida, and Michigan (in descending order} and these accounted for about 41 per cent of the national total. The leading cement-consuming states (Texas, California, Florida, Illinois, and Ohio, in descending orde... |
New EU carbon allowance mechanism proposed15 December 2016, Published under Cement NewsMEPs have proposed that a system should be established for the cement and clinker sectors, among others, whereby importers will be required to surrender allowances to cover for the carbon content of imported goods. The Border Adjustment Measurement (BAM) scheme should be fully compatible with WTO rules and "focus on sectors with a low trade intensity and high emissions intensity such as cement," MEPs said. "Once this mechanism is in place, no free allocation shall be given to sect... |