Cement News tagged under: international
Sri Lanka sets maximum retail price for cement30 December 2019, Published under Cement NewsA special gazette notification has been issued by the Consumer Affairs Authority declaring the maximum retail price of locally manufactured cement in Sri Lanka at LKR1005 (US$5.53) per 50kg bag. The maximum retail price of a bag of cement that has been imported in bulk will be LKR950 per 50kg bag, and the maximum retail price of a bag of imported cement is LKR930. |
Confidence Cement plans to install 5.6MW Power Plant30 December 2019, Published under Cement NewsConfidence Cement Limited (CCL) of Bangladesh has informed the Dhaka Stock Exchange that its Board of Directors have decided to install a 5.6MW captive power plant at a cost of around BDT280m (USD3.30m) in an effort to ensure uninterrupted electricity supply for Unit 3 of the factory. The company has annual production capacity of 1.5Mta at Chittagong in southern Bangladesh. According to company annual reports, Confidence Cement produced 710,636t of cement during FY2018–19, against 577,192t... |
Azerbaijan: output of cement falls 1.6 per cent over 11 months to November 201930 December 2019, Published under Cement NewsConstruction materials worth AZN709.8m (USD417.5m) were produced in Azerbaijan from January through November 2019, which is 4.4 percent more compared to the same period of 2018, according to the State Statistical Committee of Azerbaijan. The volume of cement production over the 11 month period amounted to over 3.1Mt, representing a decline of 1.6 percent compared to the same period of 2018. The volume of construction lime was 40,600t (an increase of 48.5 percent), while building blocks and ... |
Power Cement completes plant expansion30 December 2019, Published under Cement NewsPower Cement Ltd, part of the Arif Habib Group, has completed the expansion of its Nooriabad facility, Pakistan, making the company the second largest producer in the southern region of the country. The upgraded plant installed a second production line, supplied by FLSmidth (Denmark), increasing capacity from 3000tpd to 10,700tpd. Total plant capacity now stands at 3.6Mta. |
Vietnamese cement demand declines 4% in November24 December 2019, Published under Cement NewsCement demand in Vietnam fell by four per cent YoY to 5.437Mt in November 2019, according to data published by the Vietnam National Cement Association (VNCA). When compared with 5.48Mt reported for October 2019, the decline was one per cent. While VICEM saw its deliveries contract by seven per cent YoY to 1.823Mt, for its joint-venture companies the drop was 10 per cent as they supplied 1.453Mt in November 2019. When compared with October, VICEM sales were up four per cent from 1.752Mt an... |
Eastern Indian cement demand to expand 8-10% in FY19-2024 December 2019, Published under Cement NewsCement demand in eastern India is expected to grow by 8-10 per cent in the current financial year despite the economic slowdown, according to industry sources. Cement consumption in India is expected to expand at the slower rate of seven per cent, down from double digits in the previous year. “Cement demand growth during Q1 (April-June 2019) in the east was 15-16 per cent but since then it has tapered off. However, we expect strong demand in Q4 and hope to end the year with 8-10 per cent... |
Belarus government awards US$4m grant to Krasnoselskstroimaterialy23 December 2019, Published under Cement NewsThe Belarus Council of Ministers will provide a non-repayable grant of BYN8.5m (US$4.06m) to state-owned cement producer Krasnoselskstroimaterialy OJSC in 2019-20, according to BelaPAN news agency. The cement company will use the grant to improve heat efficiency at its plant in Volkovsysk, Hrodna region. |
Indian petcoke imports rise in October23 December 2019, Published under Cement NewsIndia imported 809,000t of petcoke in October 2019, up more than 364 per cent from the year-ago period, according to Iman Resources. The imports were primarily sent from the US and Saudi Arabia, at 372,000t and 295,000t, respectively. Oman sent 38,000t, while 32,000t came from China. The origin of the remaining 72,000t was not clarified. The spike has been related to the lifting of the petcoke consumption order in October 2018, which saw cement producers increase their fuel-grade petcoke i... |
Increase in gas price may impact Pakistan cement industry23 December 2019, Published under Cement NewsPakistan's government intends to increase gas prices effective from 1 January 2020 for all types of commercial consumers, including the cement industry. A research house anticipates a large gas price increase, which could eat into the margins for a range of sectors such as cement, chemicals, fertiliser and textiles. The proposed prices hike will be considered by the petroleum division, which will then forward their proposal to the Economic Coordination Committee (ECC), Government of Paki... |
Papua New Guinea 1.65Mta plant in planning stages20 December 2019, Published under Cement NewsMayur Resources ' Central Cement & Lime Project in Papua New Guinea (PNG) is another step closer to development with debt lead arranger KPMG Corporate Finance receiving Letters of Interest from a number of lenders wishing to participate in the debt financing of the US$350m project. KPMG approached a variety of debt providers around the world, including commercial banks and export credit agencies linked to the engineering, procurement and construction providers for the 100 per cent Mayur‐ow... |