Cement News tagged under: international
UltraTech to build Madhya Pradesh plant20 July 2017, Published under Cement NewsIndian cement major UltraTech plans to establish an integrated cement plant in Madhya Pradesh with a capacity of 3.5Mta. "The board has approved a greenfield integrated cement plant at Dhar in Madhya Pradesh with a capacity of 3.5Mta. The plant will involve an investment of INR2600 crore [US$403m] and is likely to being commercial production by the fourth quarter of FY19," UltraTech chairman, Kumar Mangalam Birla, said during the company's 17th annual general meeting. The new plant will... |
EAPCC announces 10% price cut20 July 2017, Published under Cement NewsEast African Portland Cement Co (EAPCC) has announced a 10 per cent reduction on the ex-factory price of its Blue Triangle Cement. The Kenyan cement producer attributed the price cut to improved processes following the implementation of a strategic turnaround plan it embarked on last year, according to a report in The Star national newspaper. “Over the last 10 months, we have been re-engineering our processes from production to distribution, sales and marketing,” EAPCC Managing Director... |
Cuban cement price sees 47% hike20 July 2017, Published under Cement NewsCement prices in Cuba rose substantially at the end of last week with a bag of P350 cement now priced at CUP165, up from CUP112, at retail level. Lower-grade cement has increased in price from CUP89 to CUP109.20/bag. The price rise has affected many Cubans who are repairing or building homes. |
Steppe Cement price focus helps lift 1H turnover19 July 2017, Published under Cement NewsSteppe Cement reported a 15 per cent decline in volumes for the first half of 2017 while turnover was up by four per cent over the same period as the Kazakhstan-based producer focussed on pricing. In a market update for the first half of the year published on Monday, the company said sales volumes fell to 650,333t from 761,777t a year earlier. Meanwhile, turnover reached KZT8553m (US$26.2m) versus KZT8190m in 1H16. The average price for delivered cement in the 1H17 increased to KZT13,15... |
Pakistan producers see mixed dispatch performance19 July 2017, Published under Cement NewsPakistan cement producers recorded a mixed performance in total dispatches for FY17 as a double-digit decline in exports was witnessed. During FY17, which drew to a close at the end of last month, the industry recorded growth a four per cent rise in dispatches YoY to 40.267Mt. Of this total, local sales climbed eight per cent YoY to 35.604Mt, while exports fell by 21 per cent YoY. Dispatches by local producers for the 12 month period included: • Lucky Cement: 6.89Mt (-1 per cent YoY) •... |
DG Khan Hub plant to start production by year-end19 July 2017, Published under Cement NewsDG Khan’s new US$300m Hub cement plant in Balochistan province, Pakistan, will begin production by December 2017, according to a local brokerage house. The Express Tribune reported yesterday that Shajar Capital said it along with its clients paid a visit to the construction site to assess the process which “as per the project management is expected to come online by the end of calendar year 2017.” The company has set the target to complete its civil work by September 2017 and move into ... |
Indonesia 1H sales dip, exports rise18 July 2017, Published under Cement NewsCement sales in Indonesia registered a slight decline over the first half of this year, while exports sales fared better over the six-month period, according to the latest industry data. Domestic sales were down by 1.3 per cent YoY to 29Mt in the 1H17, compared to 29.37Mt a year earlier, statistics published on state-owned Semen Indonesia’s website reveal. Widodo Santoso, chairman of the Indonesian Cement Association (ASI), told local press that the decline is attributed to the long hol... |
Argentina consumption up 17% YoY in June18 July 2017, Published under Cement NewsArgentina’s cement market expanded 4.1 per cent MoM to 1,007,450t in June, according to the country’s cement association, AFCP. When compared with June 2016, the increase reached 17.2 per cent. Around 8972t of imports are included in this figure – more than quadrupling when compared with June 2016 although when compared with May 2017, the rise is more modest at 51 per cent. Domestic cement companies dispatched 1,001,428t, including exports, up 3.6 per cent MoM and 16.1 per cent YoY. Of th... |
Senegal production rises in 4M1718 July 2017, Published under Cement NewsSenegal’s cement production during the first four months of 2017 showed a slight increase of 2.5 per cent, compared to the same period in 2016, African Press Agency (APA) News reported citing the Directorate of Forecasting and Economic Studies (DPEE). According to DPEE, which relies on data from two cement plants (Sococim and Ciments du Sahel) out of the three existing in the country, cement production increased to 2.27Mt at the end of April 2017, representing an increase of 56,300t in abs... |
Qassim Cement Co reports 53% drop in 2Q profit18 July 2017, Published under Cement NewsQassim Cement Co reported a 53.29 per cent YoY decline in 2Q17 net profit, while the drop on a QoQ basis was 33.63 per cent, according to a bourse filing. Profits totalled SAR53.2m (US$14.2m) in 2Q17 compared to SAR113.9m for the same period last year, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Monday. The contraction was in part attributed to lower domestic demand. The reduction compared to the first quarter was due to a decrease in cement prices, in addit... |