Cement News tagged under: Weekly Newsletter
Indonesian: expected sales rebound ahead11 December 2014, Published under Cement NewsIndonesian cement demand growth is expected to slow in 2014 but sales are anticipated to rebound next year as new projects get underway. For full-year 2014 the Indonesian Cement Association (ASI) expects sales to rise by four per cent, down from the 5.8 per cent achieved last year. The slowdown has been attributed to regional and national elections delaying infrastructure projects, high interest rates and weakening purchasing power. Forecasts for Indonesian cement sales in 2015 are mor... |
UltraTech re-evaluating Brazil asset bid11 December 2014, Published under Cement NewsIndian cement major UltraTech Cement is reportedly re-evaluating its decision to bid for the Brazilian assets put on the block by Holcim and Lafarge ahead of their planned merger. According to local press reports, the Aditya Birla company had submitted non-binding bids for the cement assets in October, after which binding bids are due in January. The company is now said to be “rethinking about the bids” and UltraTech Cement may “pull back at the binding stage,” sources familiar with the m... |
ARM secures loan to finance expansion10 December 2014, Published under Cement NewsARM Cement has secured a KES4.5bn (US$50m) loan from CFC Stanbic Bank to finance its expansion plans. “The credit adds to our existing facilities and will be used in current and new projects,” said ARM’s chief executive Pradeep Paunrana told Business Daily in an interview on Tuesday. ARM Cement opened its new 1.2Mta clinker plant in Maweni, Tanga, in November 2014, involving an investment of US$150m. It expects to complete a grinding plant in the same location next year. ARM will als... |
Lafarge in Ashaka buy-out offer09 December 2014, Published under Cement NewsLafarge Africa has offered to buy out minority shareholders in Ashaka Cement Plc. The move follows the merger Lafarge Africa’s Nigerian and South Africa businesses, which received approval from shareholders in July. Lafarge Africa said on Monday that as part of the merger deal it had acquired a stake in Ashaka Cement of more than 30 per cent, the trigger point for making a full takeover bid under Nigeria's securities and takeover rules. Under the terms of the offer, shareholders who acc... |
US September shipments up 14% YoY09 December 2014, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico during September 2014 were 9Mt, up by nearly 14 per cent compared to the same month of the previous year. Shipments for the year through September were up by nearly 14 per cent YoY, latest data from the US Geological Survey (USGS) confirms. The leading Portland cement-producing states in September were Missouri, Texas, California, Michigan and Florida, in descending order, and these accounted for 42 per cent of the tot... |
Pakistan monthly sales up 11% YoY08 December 2014, Published under Cement NewsPakistan’s cement dispatches rose by 11 per cent YoY in November 2014 to 3Mt largely thanks to higher domestic demand and exports from the northern region. According to the All Pakistan Cement Manufacturers Association (APCMA), consumption in the north rose by 13 per cent YoY whereas in the south the increase was just two per cent. Exports during the month improved by 10 per cent YoY, driven by a 14 per cent rise in dispatches from northern-based plants. This came as welcome news as d... |
Indonesia: PT Conch South Kalimantan cement plant on-stream05 December 2014, Published under Cement NewsPT Conch’s greenfield cement plant has come on-stream in South Kalimantan, Indonesia, with an installed capacity of 1.5Mta. Construction of the factory began in 2012 and has involved an investment of US$202m. It has the capacity to produce 3200tpd. The project is parent company Anhui Conch Cement's first cement plant in Indonesia. The facility was built with a 36MW steam powered electric plant in a strategic location near the South Kalimantan-East Kalimantan highway, only 30km from Tanju... |
Italcementi obtains EBRD loan for plant revamp04 December 2014, Published under Cement NewsThe Italcementi Group has signed an agreement with the European Bank for Reconstruction and Development (EBRD) granting it a loan for approximately EUR20m to fund the modernisation of the Shymkent cement plant in southern Kazakhstan. In addition to the loan, the EBRD will make an investment of approximately EUR4m in Shymkentcement, for an equity stake of around 21 per cent. The project, arranged under the EBRD policy to support energy efficiency initiatives in Kazakhstan, will replace the... |
South Africa: PPC to reshuffle board03 December 2014, Published under Cement NewsPPC and its investors have agreed to reshuffle the company's board, calling off a special shareholder meeting scheduled for next Monday. “Shareholders are hereby notified that following discussions initiated by [Executive Chairman] Bheki Sibiya with a number of shareholders, the board of directors of PPC has decided to embark on a process that is much more likely to achieve the best outcome for the company and all of its shareholders,” PPC said. The compromise comes as a blow to former... |
Cemex to resume Tepeaca plant expansion02 December 2014, Published under Cement NewsCemex announced that it is to restart the expansion of its Tepeaca cement plant in Mexico having put the project on hold in 2008. The additional investment involves 4.4Mta of new capacity at a cost of around US$200m, taking the total spend on the Tepeaca plant to US$650m. The company had already spent US$450m on the project by 2008. Upon completion in 2017, total capacity of the plant will reach 7.6Mta. “We are encouraged by our industry’s positive outlook in Mexico. With this investment,... |