Cement News tagged under: international
Pakistan reports mixed 6M dispatches in December03 January 2020, Published under Cement NewsIn the six months of July-December 2019, Pakistani cement plants in the northern region saw a rise in domestic dispatches, but export sales were subdued, according to All Pakistan Cement Manufacturers' Association (APCMA). In the south the domestic offtake was poor, but exports delivered a positive performance. APCMA attributes this to the two-tier growth in the country's economy. In the 6MFY19-20 cement dispatches in the country increased 6.5 per cent to 24.751Mt when compared with 23.23... |
Chilean cement demand declines 8% in October02 January 2020, Published under Cement NewsChile’s cement market contracted by eight per cent in October 2019 to 337,959t from 367,167t in October 2018, according to the Chilean construction chamber (CChC). However, MoM demand advanced 8.6 per cent from 311,328t in September 2019. In the first 10 months of 2019 cement consumption advanced 3.9 per cent from 3.273Mt in 10M18 to 3.401Mt. |
ASI calls for moratorium on issue of new cement plants in Indonesia02 January 2020, Published under Cement NewsThe Indonesian cement industry has called on the government for a moratorium on issuing construction permits for new cement plants for the next five years as the local market has an excess of 25Mta of capacity. As reported in the local press, Widodo Santoso, chairman of the Indonesia Cement Association (ASI) said: "This is a warning to the government, and here it refers to the Investment Co-ordination Agency (BKPM). Until 2024, it's best that no new construction permit will be issued for n... |
Cement prices are fluctuating in Pakistan02 January 2020, Published under Cement NewsAccording to a local research house, cement prices in north of Pakistan have declined from the recent peak of PKR550/bag (US$3.55/bag) (October 2019) and now they have fallen below PKR490/bag in some areas of north Pakistan. An analyst of Intermarket Securities Ltd attributes this fall to a drop in demand during the winter season as well as reportedly aggravated price competition by Cherat Cement (CHCC), which is trying to sell in other markets than its allocated areas. According to the r... |
Tourah Cement sells off kilns and mills for EGP31m01 January 2020, Published under Cement NewsTourah Portland Cement Company announced the sale of decommissioned kilns and grinding mills at a public auction held on 16 December. The items, which had ceased operation in 2013, raised EGP30.7m (US$1.91m), according to a statement to the Egyptian Exchange (EGX) on Monday. The company will also sell some scrap to its subsidiaries. During the first nine months of 2019, the company's losses widened to EGP516.56m from EGP19.6m a year earlier. The company suspended production in June 2019... |
Ash Grove Cement seeks license for shale-clay quarry in Montana01 January 2020, Published under Cement NewsThe Montana Department of Environmental Quality (DEQ) is accepting public comment on a draft environmental assessment for a shale-clay exploration project proposed by Ash Grove Cement Company near Montana City. The DEQ received an amendment to Ash Groves Exploration License on October 11 to extract a 10,000t bulk sample of shale for chemical testing. The site is above Ash Grove's existing Clark Gulch Quarry off Jackson Creek Road, west of Montana City. In addition to the bulk sample, Ash ... |
Dangote Cement Plc plans share buy-back31 December 2019, Published under Cement NewsDangote Cement Plc is seeking shareholder approval to commence a share buy-back in an attempt to improve return on equity and shareholder value. In a notification to the Nigerian Stock Exchange (NSE), the cement company said it would convene an extra-ordinary general meeting (EGM) of shareholders for January 22, 2020, to amend its Articles of Association to enable it undertake a share buy-back of up to 10 per cent of its issued shares. "The relevant shares will be repurchased out of the pr... |
India's demand recovery delayed to second half of FY2131 December 2019, Published under Cement NewsGrowth of Indian cement demand fell short of expectations in Fiscal Year (FY) 2019-20 and no major recovery is expected until after the 2020 monsoon, according to analysts quoted in a report in the Business Standard. The sector is expected to end both the calendar as well as the financial year with flat demand growth, which is well below expectations for 5 to 6 per cent growth forecasts at the start of the year. “The general elections in Q1, and subsequently, heavy rains in most parts of t... |
Gazakh Cement completes expansion31 December 2019, Published under Cement NewsGazakh Cement, Azerbaijan, has increased cement capacity by 20 per cent, raising its capacity from 1Mta to 1.2Mta, according to a report by the Trend News Agency. Gazakh Cement is undertaking further upgrade work at its plant to increase the overall capacity to 1.5Mta in 2020. The company, which is one of the biggest manufacturers of building materials in Azerbaijan, is also seeking to explore export markets, with small volumes of clinker already being exported to neighbouring Georgia. |
Lucky Cement successfully completes new line; receives PSX award31 December 2019, Published under Cement NewsLucky Cement Limited has informed the Pakistan Stock Exchange (PSX) and local authorities that the brownfield expansion for the additional 2.8Mta line at its Khyber Pakhtunkhwa plant in the north of Pakistan has been successfully completed on schedule. In a bourse filing, Irfan Chawala, Finance Director, stated that the new line was made operational with the start of clinker production on December 30, 2019: "With the addition of this new 2.8Mta line, the total production capacity (includ... |