Cement News tagged under: international
GCC commissions Rapid City plant expansion21 December 2018, Published under Cement NewsMexican cement producer Grupo Cementos de Chihuahua (GCC) has announced the expansion of its Rapid City, South Dakota cement plant became operational, adding 440,000tpa capacity to the existing plant. The expansion of the Dacotah cement plant began in 2016, with a total investment of around USD105m. The expansion increases the plant’s production capacity to 1.167Mta and is expected to reduce variable production costs. Earlier this year, GCC acquired the 0.3Mta Trident cement plant in Three... |
BCCI and Saudi Arabia plan cement plant in northeastern Bangladesh21 December 2018, Published under Cement NewsBangladesh state-owned entity, Bangladesh Chemical Industries Corporation (BCIC), and Saudi business firm, Engineering Dimensions, have signed an agreement to set up a new cement plant in northeastern Bangladesh. Operating under the company name Bangladesh Friendship Cement Company Limited (SBFCCL), the plant will be located at Chhatak in the district of Sunamganj. BCIC Chairman, Shah M Aminul Haque, and Engineering Dimensions President, Mohammed N Hijji, signed the agreement at the Minis... |
Pakistan cement sector records 7.3% fall in FDI21 December 2018, Published under Cement NewsPakistan’s cement and construction industries received a total foreign direct investment (FDI) of US$265.3m during the July-Nov 2018 period, according to the State Bank of Pakistan. This translates to a fall of 10.7 per cent YoY compared to US$296.9m of the year-ago period. The cement sector alone attracted US$22.9m of FDI in the first five months of FY18-19, decreasing 7.3 per cent YoY from US$24.6m. Meanwhile, the construction industry saw a decline of 10.9 per cent to US$242.5m. |
New plant commissioned in Uzbekistan21 December 2018, Published under Cement NewsA new facility in Korauzyak district, Karakalpakstan (Uzbekistan), has been commissioned, according to Trend News. The Uzbek-Chinese joint venture, Titan Cement, saw a total investment of UZS302.4bn (US$36.3m) in the 200,000tpa project. Furthermore, in the Andijan region of Uzbekistan, a new US$630m project has begun construction with the support of Chinese companies. |
Pakistan exports rise in November21 December 2018, Published under Cement NewsPakistan's cement industry received foreign exchange revenue of US$26.77m by exporting 635,192t of cement during November 2018, compared to US$26.74m and 616,648t in the previous month. This shows minor MoM growth of 0.1 per cent and three per cent in terms of value and quantity, respectively, according to the Federal Bureau of Statistics. However, if compared to November 2017, it translates to an increase of 48.4 per cent in earnings of foreign currency and 74.8 per cent YoY in quantity. ... |
Cement consumption in Peru sees 5% rise in November20 December 2018, Published under Cement NewsCement consumption in Peru rose by 4.8 per cent YoY in November to 1.017Mt, up from 0.971Mt in November 0217, according to the latest data from the country’s cement association, Asocem. Cement production in November remained largely stable in November at 0.901Mt when compared with the previous month and increased by one per cent YoY. Clinker output saw a 26.1 per cent rise MoM and a 9.6 per cent YoY increase to 0.855Mt in the same period. However, cement imports more than doubled to 102,... |
Brazil’s cement sales up 2% in November19 December 2018, Published under Cement NewsCement sales in the Brazilian market between January and November 2018 totalled 48.7Mt, representing a 1.2 per cent fall YoY, according to the National Union of the Cement Industry (SNIC). Apparent consumption of cement, which includes domestic sales plus imports, slipped 1.5 per cent YoY to 49Mt. In addition, Brazil’s cement producers exported 78,000t of cement during 11M18, up 5.4 per cent when compared with 11M17, when 74,000t were exported. In November 2018 alone, 4.545Mt of cement w... |
Azerbaijan hits record high in cement production19 December 2018, Published under Cement NewsAzerbaijan has produced over 3.2Mta of cement in the first 11 months of the year, a record amount in the entire history of building materials in the country, according to Turan Information Agency. Representing a 21.1 per cent YoY increase, it has been attributed to government policies which stimulate local production and see high import duties on cement. In 2017 the country produced 2.954Mta of cement at a value of AZN265.5m (US$156.49m). |
Production rises in Iran's South Khorasan province19 December 2018, Published under Cement NewsTwo plants in Iran's South Khorasan province have produced around 765,000t of cement since the start of the current Iranian year (21 March-22 Oct), a 22 per cent YoY increase, according to Davud Shahraki, chairman of the province's Industry, Mining and Trade Organisation. "Two plants operating in Qaen and Darmian counties of South Khorasan province employ 350 people. These plants are able to produce 1.8 million tons of cement per year," said Mr Shahraki. The value of the produced cemen... |
Cemex expected to increase cement price 12-13% in new year18 December 2018, Published under Cement NewsCemex will increase the price of cement between 12-13 per cent at the beginning of next year, according to the Mexican Association of Independent Concrete Companies (AMCI). "The Mexican Association of Independent Concrete Companies announced an increase in the price of concrete of 20 per cent as of January 2019; independent concrete producers have reported that Cemex will increase cement prices by approximately 12 per cent, "Citibanamex analysts said. However, they highlighted that althoug... |