Cement News tagged under: Weekly Newsletter
PT Semen Baturaja will open a new plant in 2017 and targets strong sales13 April 2016, Published under Cement NewsA major growth area for state-owned PT Semen Baturaja is South Sumatra, where the company has signed contracts with several firms to build a new plant called Baturaja II in anticipation of increasing construction projects in the province. Project developments and construction in South Sumatra continues to increase ahead of the 2018 Asian Games, including a light rail transit project, overpasses, sports facilities and hotels. Zulkifli Subli, PT Semen Baturaja 's corporate secretary, ... |
Vietnam PM approves Thaicement Ha Tien works12 April 2016, Published under Cement NewsVietnam's Prime Minister, Nguyen Xuan Phuc, has approved the investment in Thaicement's 4.5Mta Ha Tien plant in the Mekong delta province of Kien Giang as part of projects to be implemented during the 2011-20 period with a vision to 2030. The PM assigned the Ministry of Construction and People’s Committee of Kien Giang province to conduct a survey and exploration of limestone and clay assessment and present to National Mineral Reserves Councils for approval before granting the investment ... |
Syria: IS kidnaps 300 Al Badia cement workers08 April 2016, Published under Cement NewsSome 300 employees and contractors of the Al-Badia Cement plant have been abducted by Islamic State (IS) militants in Dumeir, some 30km northeast of the Syrian capital, Damascus. The hostages were taken to a spot where IS had launched an assault against forces loyal to President Bashar al-Assad earlier in the week. There have been no successful efforts in establishing contact with any of the workers, according to state-run news agency Sana. No further details of the abduction are known ... |
The BRICs come under pressure08 April 2016, Published under Cement NewsWhile the cement world has been concentrating on the slowdown in China and the large-scale mergers in India's cement sector, there has been little notice to the plight of other BRIC countries that are underperforming and are not attracting the investment that had previously put them at the top of the growth chart. The Economist Intelligence Unit this week observed that: "It has been clear for some time that the BRICs has had its day. While China and India have largely lived up to the grou... |
Ethiopia: Dangote keen on further expansion07 April 2016, Published under Cement NewsSpeaking to Ethiopian news portal, 2Merkato, Aliko Dangote, announced the Nigeria-based cement group would expand its investment in Ethiopia. Aliko Dangote, the Nigerian billionaire and chairman of Dangote Industries established a US$600m plant in Ethiopia in June 2015, but plans are on the table to expand the 2.5Mta factory. Commenting on the development, Mesfin Abera, the company’s sales and marketing head, said Dangote Industries has decided to expand the existing plant. The 2.5Mta exp... |
Cote d'Ivoire: Work starts on second CIMAF plant07 April 2016, Published under Cement NewsPlans to bring Société Ciment d'Afrique's (CIMAF) production capacity in Côte d'Ivoire to 2Mta by 2017 were outlined in a meeting yesterday between Moroccan investors and the country's president. StarAfrica reports that Anas Sefrioui, president of CIMAF’s parent Addoha Group, used his meeting with Ivoirian President, Alassane Ouattara, to announce that work would begin this week on the construction of a new 1Mta grinding plant at the port of San Pedro in the west of the country. This... |
Pakistan: cement industry excels in March07 April 2016, Published under Cement NewsPakistan's cement industry has returned an excellent performance in terms of domestic and export fronts during the month of March. It has recorded its highest ever monthly dispatches of 3.584Mt on the back of healthy growth in domestic consumption and turnaround in exports, thus enabling it to utilise more than 90 per cent of installed capacity during March. According to All Pakistan Cement Manufacturers’ Association (APCMA), cement dispatches to domestic markets during March increased by ... |
HeidelbergCement to sell Italcementi's Belgian operations as part of integration plan06 April 2016, Published under Cement NewsHeidelbergCement has laid out its plans for the restructuring of Italcementi's operations following the former's moves to acquire a 45 per cent stake in the Italian firm last July. These include selling off Italcementi’s entire Belgian operations to address competition concerns. In a press release, HeidelbergCement said that the integration process will see the retention of Italcementi’s Italian operations and brand. The company adds that it expects the acquisition to be finalised by July... |
Deadline nears for LafargeHolcim India assets bids05 April 2016, Published under Cement NewsAdvisors to the sale of LafargeHolcim's 11Mta Indian cement production capacity say that they expect to receive seven to eight bids before next week's deadline. The sale - which was a required by competition authorities - has attracted the attention of a number of private equity firms. According to reports by India’s Mint newspaper, Temasek Holdings, Advent International, Barings Asia Private Equity, Blackstone, Aion Capital and the investment arm of Piramal Group are all evaluating the d... |
PT Indocement factory to go online in 3Q1605 April 2016, Published under Cement NewsPT Indocement Tunggal Prakarsa's new cement factory in Citeureup, West Java, is expected to be operable by the third quarter of 2016, with investment of IDR6.5trn (US$491m). Indocement, part of the HeidelbergCement Group, has allotted IDR2.3trn from internal cash for its 2016 capital expenditure (capex) to finalise the construction of its new plant. The company will also use further capex for maintenance activities. Meanwhile, Indocement subsidiaries Bahana Indonor and Indomix Perkasa ha... |