Cement News tagged under: Weekly Newsletter
Sumitomo Osaka to expand Kochi plant, Japan18 August 2015, Published under Cement NewsSumitomo Osaka Cement Co said Monday it will spend JPY2.6bn (US$21m) to expand facilities at its plant in the city of Susaki, Kochi Prefecture, western Japan, according to local press reports. Upon completion of the project in January 2017, capacity at the plant will be boosted by 0.2Mta to 0.5Mta, the company said. Sumitomo Osaka Cement is seeking to ensure stable supplies of the materials as demand is seen increasing in the Kanto eastern region on the back of construction projects relate... |
LH to sell two eastern Indian plants to Birla Corp17 August 2015, Published under Cement NewsLafargeHolcim announces that it has entered into a letter agreement with Birla Corp Ltd, subject to approval by the Competition Commission of India (CCI), for the divestment of certain assets in India for an enterprise value of INR50bn (approximately US$765.8m). The proceeds from the sale of the divestment business will be used to further reduce debt. As announced in April 2015, LafargeHolcim has received conditional clearance from the CCI for the merger. In that context, a package of ass... |
Peru: cement sales decline 5.2% in July17 August 2015, Published under Cement NewsPeru’s cement market contracted 5.2 per cent in July, according to Asocem, the country’s cement producers’ organisation. Deliveries fell from 846,000t in July 2013 to 802,000t in 2014. Total dispatches, which includes exports, decreased by 5.5 per cent YoY from 870,000t to 822,000t over the same period. The association attributes the fall in domestic sales to lower public investment as well as a weak private investment. "Public investment continues to decline. National government spending... |
Holcim Philippines' strong 2Q results13 August 2015, Published under Cement NewsHolcim Philippines Inc's strong sales continued in the second quarter of 2015 as its plants delivered record supplies of cement. Holcim Philippines net sales from April to June rose by 9.7 per cent to PHP9.4bn (US$203m) from PHP8.6bn in the 1Q15. The company’s second-quarter net income improved by 1.6 per cent QoQ to PHP1.5bn due to higher volume and prices. Holcim Philippines President and CEO, Eduardo A Sahagun, said keeping operations steady is important at a time of sustained strong d... |
Cemex announces divestment of operations in Austria, Hungary and Croatia12 August 2015, Published under Cement NewsCemex announced today that it has signed an agreement for the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately EUR160.1m. The Austrian operations consist of 24 aggregate quarries (approximately 6.47Mt of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.60Mm 3 of ready-mix sold in 2014). Cemex’s operations in Austria had net sales of approximately US$241m in 2014. The Hungarian operations being divested consist of five aggregate qua... |
Semen Indonesia may review expansion plans amid slow demand environment12 August 2015, Published under Cement NewsSemen Indonesia has said it may review some planned expansion projects amid sluggish domestic cement demand, according to a senior company executive. “We will probably be accelerating the projects that have already started construction, but for other projects, like our regional expansion and the packing plant, we may adjust the plans,” said Ahyanizzaman, finance director at Semen Indonesia told the Jakarta Globe. “Our biggest investments are the Rembang plant and the Indarung plant. We’re... |
Pakistan export pressures continue through FY14-1510 August 2015, Published under Cement NewsPakistan exported 7.682Mt and earned US$443.63m in FY14-15 (July 2014 - June 2015) compared to 8.81Mt at US$508.15m, according to data from the country's Bureau of Statistics. The data translates to a fall of 12.88 per cent and 12.77 per cent in terms of quantity and revenue, respectively. Statistics show that exports to Afghanistan were down by 21.4 per cent to 2.87Mt compared to 3.65Mt during FY13-14. A spokesman for the All Pakistan Cement Manufacturers Association attributed the d... |
Chinese demand seen improving - Citi10 August 2015, Published under Cement NewsCement demand in China is likely to improve sequentially in the coming six months with the speeding up of infrastructure construction and more policy support, says Citi. Cement demand in China had declined 5.3 per cent YoY in 1H 2015 on slow infrastructure investments and weak property new starts, leading to an 18 per cent drop in the cement price year-to-date. Citi forecasts demand will only decline three per cent for the full year in 2015 and grow 1.8 per cent in 2016. The house upgra... |
Indocement plans to close three inefficient lines, Indonesia10 August 2015, Published under Cement NewsIndocement Tunggal Prakarsaplans, part of the HeidelbergCement Group, plans to discontinue production activities of lines P1, P2, and P6 at its flagship Citeureup works, Indonesia. "We seek to stabilise margins this year by shutting down factories that are not efficient, including factories P1, P2, and P6 in Citeureup with a total production capacity of 1.2-1.5Mta," Indonesia Finance Today quoted Christian Kartawijaya, President Director of Indocement as saying. Mr Kartawijaya said operati... |
CalPortland Co to buy Martin Marietta's California cement business06 August 2015, Published under Cement NewsTaiheiyo Cement Corp announced Tuesday that its California subsidiary CalPortland Co (CPC) will buy Martin Marietta Materials Inc's cement business in California for US$420m. Major assets included in the deal are the Oro Grande cement plant (situated near the major market of Los Angeles) and the Stockton and San Diego cement terminals. "This asset purchase from Martin Marietta will allow CPC to replace the cement production capacity lost by the discontinuation of cement production ... |