Cement News tagged under: Weekly Newsletter
Cementir sets out 2014-16 business targets18 December 2013, Published under Cement NewsCementir's Board of Directors has approved the company's 2014-16 Business Plan which sees average annual EBITDA growth of around 16 per cent over the period. The plan lays the foundations for a further period growth following positive trends seen during 2013, the company said in a statement released yesterday. The strategy focuses on four key priorities: Improving the profitability of the current business Consolidating the group’s leadership in the white cement market Complet... |
Germany: Renewable Energy Sources Act feared by cement sector18 December 2013, Published under Cement NewsThe Renewable Energy Sources Act (EEG) is expected to be detrimental to the production of the German cement industry as well as presenting considerable risks to the sector's competitiveness, according to a recent study of the Münster-based EEFA Research Institute on behalf of the German cement association VDZ. The report entitled: ‘Wettbewerbsfähige Stromkosten. Voraussetzung für die Zementherstellung am Standort Deutschland’ [Competitive Electricity Costs. Requirements for the cement prod... |
SCCC maintains positive outlook for 2014, Thailand18 December 2013, Published under Cement NewsSiam City Cement Co (SCCC) maintains a positive outlook for cement demand in its domestic market of Thailand despite government infrastructure project having been delayed due to current political instability. Thailand’s second-largest cement producer expects cement demand to increase by five per cent as government-supported infrastructure should resume following next year’s general election, according to a report by Asia Plus Securities. An increase in demand through 2013 has helped lift... |
Holcim (New Zealand) selects locations for two cement import terminals17 December 2013, Published under Cement NewsHolcim (New Zealand) has selected Timaru and Auckland as the location for two new 30,000t bulk cement import terminals. The company said that having reviewed proposals from ports throughout New Zealand, it had identified Waitemata in Auckland and Timaru as its preferred locations for the two terminals. "An import terminal at the Port of Auckland enables Holcim to supply cement direct into one of its major markets", Holcim (New Zealand) Ltd capital projects manager Ken Cowie said. "And c... |
Bosowa Corp set to start Banten plant construction, Indonesia17 December 2013, Published under Cement NewsThe Bosowa Corporation said it plans to start construction of a new cement plant in Cilegon, Banten, in the first quarter of next year. Company CEO, Erwin Aksa, told the Jakarta Post that should construction begin in March 2014, operations could commence by the end of 2015. The new facility is expected to serve the surrounding areas, notably Banten, Greater Jakarta and Lumpung, Erwin added. The project is expected to cost an estimated cost of IDR1.5trn (US$123.92m), 70 per cent of which... |
PPC gets competition tribunal go-ahead for Safika Cement acquisition16 December 2013, Published under Cement NewsPPC’s previously-announced acquisition of South African blended cement producer Safika Cement has been unconditionally approved by the country’s Competition Tribunal. An agreement to acquire a controlling equity stake in Safika Cement for a cash consideration of approximately ZAR350m (US$35.3m) was announced by PPC in August this year. PPC said last Friday, that the completed deal further enhances its footprint in South Africa where Safika Cement owns five blending facilities and one mi... |
Chinese sign US$733m cement deals in Nigeria and Myanmar13 December 2013, Published under Cement NewsSinoma and CITIC Heavy Industries have agreed deals worth US$733m to construct cement plants in Nigeria and Myanmar, respectively. Sinoma International Engineering Co Ltd, part of China National Materials Co Ltd, signed a US$536m contract with Nigeria’s Dangote Cement Plc, according to a Reuters report. Sinoma and Dangote will build two clinker cement production lines in Nigeria, each with a cement capacity of 6000tpd. Meanwhile, CITIC Heavy Industries is collaborating in Myanmar with a... |
UltraTech in talks for two plant projects12 December 2013, Published under Cement NewsUltraTech Cement is planning to invest the construction of two cement plants in the northern Indian state of Uttarakhand. The Industrial Development Department of Uttarakhand has reportedly signed a Memorandum of Understanding with India’s largest cement producer for a 3.5Mta plant in Tuni and a 2Mta plant in Someshwar. Chief minister of Uttarakhand, Vijay Bahguna, said: "The setting up of these two major plants in the field of cement manufacturing, in these two socially and economical... |
Saudi November sales drop 17%11 December 2013, Published under Cement NewsSaudi cement sales fell 17 per cent in November 2013 to 3.65Mt compared to 4.37Mt in the same period in 2012. All companies reported a decline in sales with the exception of Northern Province Cement, Arabian Cement and Madinah Cement which saw increases of 58, 24 and 20 per cent, respectively, the report, based on data released by Yamamah Cement Company (YCC), said. Riyadh Cement and Al Jouf Cement posted the largest drop in November at 45 and 44 per cent, respectively, the report said... |
Indocement eyes 6% sales growth in 201410 December 2013, Published under Cement NewsIndocement has set a growth target of six per cent next year on the back of new capacity additions and rising domestic demand. In the first nine months of the year, the company increased total cement and clinker volume by just 0.6 per cent per cent. The Citeureup works is adding 1.9Mta of grinding capacity later this year which will boost total capacity to 20.6Mta. It is further adding 4.4Mta of integrated capacity in 2015 in a brownfield project which started construction in October. Two ... |