Cement News tagged under: international
TCMA responds to concerns over upcoming price hike03 January 2019, Published under Cement NewsThe Turkish Cement Manufacturers' Association (TCMA) has responded to concerns raised by the Construction Contractors Confederation (İMKON) regarding a price hike of 40 per cent on cement products. "Despite the cost increases, our sector will not boost prices as high as 40 percent, just to stay within the scope of the overall anti-inflation program," said Nihat Özdemir, chair of Limak Holding and president of the TCMA. Regarding the alleged 40 per cent price hike, İMKON had stated that c... |
Vietnamese cement exports hits record high in 201802 January 2019, Published under Cement NewsThe volume of Vietnamese cement exports rose 55 per cent YoY to 31.65Mt in 2018, according to the Vietnam Cement Association (VNCA). As the highest ever export value in the sector, it represents an estimated value of US$1.2bn. The country's cement has been shipped to more than 40 countries with an average price of US$50/t for cement and US$38-US$42/t of clinker, up 20-23 per cent from the rates in 2016, according to VNCA's Chairman, Nguyen Quang Cung. Vietnam's Ministry of Construction... |
Challenges to grow in 2019 for Pakistan cement sector02 January 2019, Published under Cement NewsPakistan's cement industry is likely to face a number of challenges in 2019 on the domestic front owing to a flatness in demand, high markup rates, price competition and currency depreciation, etc. According to the 'Investment Strategy 2019' report released by Spectrum Securities Ltd, after tremendous sales growth (13.8 per cent YoY) in cement dispatches during FY18, demand is expected to remain flattish in FY19 mainly due to higher base of FY18, reduction in allocation of the Public Sect... |
Vietnam sees 9% cement production rise in 201831 December 2018, Published under Cement NewsVietnam is estimated to have produced 90.2Mt of cement in 2018, up 9.1 per cent YoY, according to the latest data from the country’s government-run General Statistics Office (GSO). The sum included 8.6Mt in December, an increase of 9.8 per cent compared to the year-ago period. In 2017, the country produced 85.4Mt of cement, including 7.6Mt in December, according to revised figures. |
Tajikistan records 24% production rise31 December 2018, Published under Cement NewsTajikistan recorded a 24 per cent YoY rise in cement production to o ver 3.5 Mt in Jan-Nov 2018, with about 40 per cent of this volume exported to neighbouring countries, according to media reports. Uzbekistan received most of the country's exports at a total of 738,000t since the beginning of the year. Meanwhile, cement exports to Afghanistan reached 481,000t and 85,000t were exported to Kyrgyzstan. Production in Tajikistan amounted ... |
Belarus looks to increase cement sold via commodity exchange31 December 2018, Published under Cement NewsBelarus' Architecture and Construction Ministry is in favor of exporting more cement via the country's commodity exchange, according to Deputy Architecture and Construction Minister, Alexander Sidorov . "We’ve previously agreed that we are going to sell 10 per cent of the total amount of cement exported by Belarusian cement mills via the commodity exchange. If the demand of foreign buyers rises, we are ready to raise the share of cement exported via the exch... |
JK Cement to raise INR6bn for capacity expansion27 December 2018, Published under Cement NewsJK Cement Ltd on Monday launched a qualified institutional placement offering (QIP) to raise funds from institutional investors for its capital expenditure. The company is seeking to raise INR6bn (USD85.39m) to fund the expansion of grinding capacity at its Mangrol and Nimbahera plants by 1Mta each, according to the Hindustan Times. The company will also increase the existing clinker capacity at Mangrol by 2.48Mta, with surplus clinker to serve two new split grinding units to be construc... |
Chile's Colbun to supply renewable power to Polpaico27 December 2018, Published under Cement NewsCemento Polpaico SA (Chile) has signed a long-term renewable power supply contract with local power company Colbun. Through the agreement, Colbun will supply a total of 183GWh of renewable electricity per year to Polpaico. The contract, will run for a term of 10 years starting from January 1, 2019. Initially, Polpaico will receive power for its Cerro Blanco and Coronel plants, that represent 93 per cent of its total demand. In 2022 more facilities will be added, thereafter fulfilling 100 p... |
GICA to commission new Sigus plant in March 201927 December 2018, Published under Cement NewsConstruction of the new Sigus integrated cement plant in Oum El Bouaghi province, Algeria, is 87 per cent complete, according to Sofiane Bensaci, Finance Director of the company. With a production capacity of 2.2Mta, the Sigus plant will employ 150 direct jobs and 2000 indirect jobs, and commence production in March 2019. Total investment in the plant, which is part of the state-owned Groupe Industriel des Ciments d’Algerie (GICA), is DZD51bn (USD429m). |
Shree Cement commissions clinker line at Karnataka27 December 2018, Published under Cement NewsShree Cement (India) has commissioned the clinker section of its 3Mta integrated cement plant at Kodla village in the Kalaburagi District of Karnataka. Shree Cement is one of India’s most rapidly expanding cement companies, with its principal cement manufacturing operations located in six states across north and eastern India. |