Cement News tagged under: international
Kazakhstan’s Rudny Cement Factory opening delayed until 201810 November 2017, Published under Cement NewsThe opening of the 0.5Mta Rudny Cement Factory in Kazakhstan has been rescheduled for 2018, according to the regional governor’s office. The works was initially scheduled to start operation by the end of this year. The KZT14.8bn (US$44.4m) project is in the final stage of completion but the refusal by the Sberbank Kazakhstan to provide additional financing is leading to the delay. Shareholders invested an additional KZT1.1bn out of the required KZT2.8bn in the project, but after the bank'... |
Eurocement Group unveil plans to build cement plant09 November 2017, Published under Cement NewsAccording to Trend News Agency, the new cement plant will be an expansion of Akhangarancement JSC’s existing site in Tashkent, Uzbekistan. This project is expected to raise the production capacity of Akhangarancement from 2Mta to 5Mta. The site already includes the Combine of Building Materials and Structures (KSMiK), which produces commercial concrete, mortar and reinforced concrete structures. The addition of this new project will make Akhangarancement JSC the largest cement enterpri... |
Pakistan’s cement industry expected to grow 8%08 November 2017, Published under Cement NewsPakistan’s cement consumption grew 16.53 per cent between July-August of this year with a positive outlook for the rest of the year forecast. Domestic cement demand is expected to increase by 8-8.5 per cent per annum on the back of hydropower plants currently under construction or planned as part of the Public Sector Development Programme (PSDP) and China Pakistan Economic Corridor (CPEC) investments. CPEC is expected to implement three hydropower projects at Karot, Suki Kinari and Kohala... |
Mexico City government agrees preferential price with CANACEM08 November 2017, Published under Cement NewsMiguel Angel Mancera, Mayor of Mexico City, has confirmed an agreement between the capital’s government and the national cement industry association, CANACEM, to access preferential prices in the acquisition of materials for reconstruction projects. He further explained that the special prices would also apply when the materials were used in earthquake reconstruction of buildings or infrastructure. CANACEM representative, Luis Guillermo Colin, said the industry would provide technical... |
Fund manager gains veto control over PPC07 November 2017, Published under Cement NewsThe Public Investment Corporation (PIC) has increased its stake in PPC Ltd, South Africa, to just over 25 per cent, the threshold required to gain ‘negative control’ over the country’s largest cement producer, according to a report in Business Day. The PIC, which also controls 66 per cent of the second-largest player in South Africa, Afrisam, is now the able to block any significant transactions the PPC Ltd board seeks to pursue. Such transactions would require support from 75 per cent of s... |
Iran cement production output falls 2.6%07 November 2017, Published under Cement NewsThe output of Iranian cement production facilities has fallen by 2.6 per cent YoY. Iran has produced 23.62Mt of cement within the first five months of this financial year, compared to the 24.25Mt produced during the corresponding period last year. Trend News Agency reports that this fluctuation has been common in recent years. In 2014, Iran’s cement production fell by 33 per cent due to weak domestic consumption. Between 2001 and 2017, Iran’s production capacity increased from 29.5Mt t... |
Dangote market share in Cameroon now exceeds 45%07 November 2017, Published under Cement NewsThe Cameroon subsidiary of Nigeria’s Dangote Cement Group (Nigeria) has captured a 45 per cent share of the local market only two years after launching activities in the country, according to a report in Journal du Cameroun. “We can say that we are above 45 per cent”, said Mr Diekam, the commercial director of Dangote Cement Cameroon. This has been achieved in spite of a competitive market place that features four multinationals including CIMENCAM, a subsidiary of LafargeHolcim (Switzerland... |
Pakistan sees the highest capacity utilisation in 20 years07 November 2017, Published under Cement NewsA spokesman for the All Pakistan Cement Manufacturers Association (APCMA) has stated that the nation’s cement industry utilised over 93 per cent of installed capacity over the July-October period. Although a capacity of 1.08Mt remained idle, this was still the highest capacity utilisation for the last 20 years. The spokesperson added that the idle capacity could have been used if the government adopted export-friendly policies. Whilst total cement despatches rose by 16.5 per cent in t... |
Vietnam's Vissai Cement joins WCA07 November 2017, Published under Cement NewsVietnam’s largest cement exporter Vissai Cement has joined The World Cement Association, adding to the organisation's network which covers 26 countries. “We are delighted that with Vissai Cement, we are welcoming a new member from an exciting country to our international community,” said Norman Greig, Secretary General of the World Cement Association. “A lot is happening in the Vietnamese cement industry right now, and Vissai’s fast-growing, diversified and international operations make t... |
Argentina’s cement market expands 23% in October 201706 November 2017, Published under Cement NewsIn October Argentina cement producers delivered 1,150,386t of cement, including exports, according to the Argentine cement producers association, AFCP. This represents a two per cent rise MoM and 23.2 per cent YoY. Of this total, domestic deliveries stood at 1,141,190t, up 23.3 per cent YoY, while exports increased 14.5 per cent YoY to 9196t. When compared with September 2016, domestic dispatches were up 1.8 per cent from 1,121,423t and exports 41.1 per cent from 6517t. Domestic demand ed... |