Cement News tagged under: international
Livetouch Investments plans new US$30m plant in Zimbabwe27 March 2019, Published under Cement NewsLivetouch Investments has announced plans to invest US$30m for a new plant in Hwange, Zimbabwe. The facility is expected to be set up by the end of the year and would run alongside the company’s other plant in the area, which was inaugurated in 2017 . "Our medium-term plan is to put another plant in the Hwange area, which will produce 100,000t of cement per year. We are expecting to commit US$30m into this project," said Dongning Wang, CEO, in an interview with NewsDay. The Chinese compa... |
Lehigh Hanson proposes new grinding facility in Canada26 March 2019, Published under Cement NewsLehigh Hanson has submitted a proposal for a new grinding facility with a marine terminal located next to its existing integrated plant on Tilbury Island, Canada. The 0.65Mta Delta grinding unit would have an operational life of at least 40 years, according to the company. Panamax or Handymax vessels would deliver raw materials to the facility, while the final product would be delivered to customers by truck or barge. The Canadian Environmental Assessment Agency is currently determining w... |
Higher electricity costs to impact Vietnamese cement prices26 March 2019, Published under Cement NewsVietnam Cement Industry Corp (VICEM) has announced that its electricity costs will increase by VND20bn (US$855,730) per month, and therefore product prices are also expected to rise. Local producers have stated that they will raise prices by VND30,000-50,000/t. On 20 March power prices went up by 8.4 per cent to VND1864, exclusive of VAT, after remaining unchanged for two years. A household which uses 520kWh a month will now pay an extra VND83,000, according to Vietnam News. Vietnam Elect... |
Iran reports 4% growth in 11M cement exports26 March 2019, Published under Cement NewsIran has reported a four per cent YoY growth in cement exports at 12,652,000t in the first 11 months of the last Iranian year (21 March 2018-21 February 2019). However, the value of cement exports fell 14 per cent YoY to around US$398.4m, according to the Islamic Republic of Iran Customs Administration (IRICA). Cement imports also declined during the period, decreasing 21 per cent YoY to around 39,600t. |
Tajikistan boosts output in Jan-Feb 201926 March 2019, Published under Cement NewsTajikistan recorded a nine per cent increase in cement production to 482,000t in the first two months of 2019. Exports from the country reached 182,000t in the same period, according to a report by Asia-Plus, however, an annual comparison was not stated. An estimated 5Mta of cement capacity is now operational in the country, with Huaxin Gayur Cement, Chzhungtsai Mohir Cement and Huaxin Gayur Sughd Cement accounting for approximately 80 per cent of the overall volume of cement output. |
State Bank of Pakistan reviews performance of cement in 1H1926 March 2019, Published under Cement NewsThe State Bank of Pakistan has released its second quarterly report on The State of Pakistan’s Economy for FY19. As stated by the report, the effects of macroeconomic stabilisation measures, taken since December 2017, started to unfold as the economy moved into the second quarter of FY19. The report covered the performance of cement in terms of local and export sales. In line with other construction-allied industries, cement production declined by 1.6 per cent in 1H-FY19, compared to an e... |
Ghanaian cement prices rise for the second time in two months22 March 2019, Published under Cement NewsCement prices in Ghana have risen by GHS2.40 (US$0.45), which is the second increase for cement prices in the last two months. Cement producers have had to raise their prices as the cost of raw materials increased due to the depreciation of the local cedi currency. Ghacem has raised its prices across the board. Its Super Rapid cement advanced from GHS30.47 to GHS32.47/50kg bag (US$6.1/ 50kg bag and GHS649.4/t (US$124.18/t)), Super Strong Cement has moved up from GHS30.83 to GHS33.23 and Gha... |
Qassim Cement to export 120,000t of cement to Kuwait21 March 2019, Published under Cement NewsSaudi Arabia’s Qassim Cement Co has signed an agreement with Kuwait-based Al-Arada Building Materials Co to export 120,000t of cement. While no value for the deal has been released, the related financial impact is expected to show later in the year. The deal came into effect on 1 March and will be valid until the end of 2019, according to a bourse statement. |
Niger's president inaugurates Malbaza Cement plant21 March 2019, Published under Cement NewsNiger's President, Issoufou Mahamadou, inaugurated the new Malbaza Cement Co plant in the Tahoua region of Niger, on 20 March 2019. Owned by private capital from Niger, the plant currently has a cement capacity of 0.54Mta, but this has the option to be expanded to 0.65Mta at a later date. The construction was financed by a consortium of local banks, the West African Development Bank and promoters who invested XOF66bn (US$114.7m). Its output will cover Niger’s cement requirements and reduc... |
PPC Zimbabwe calls on government to protect local cement production21 March 2019, Published under Cement NewsZimbabwe’s largest cement producer, PPC Zimbabwe, has called on the government to pass legislation to protect domestically-produced cement from imports. Last year, the government lifted a two-year import bank on some basic commodities, including cement, to reduce the shortages that drove the public into panic buying. This has had a negative impact on local cement producer competitiveness, according to PPC Zimbabwe’s Managing Director, Kelibone Masiyane. “What really has rendered us uncom... |