Cement News tagged under: international
Ambuja Cement secures Maharashtra limestone resources10 July 2017, Published under Cement NewsAmbuja Cement has secured a limestone resources of 42Mt in the state of Maharashtra through an e-auction by the state government. The LafargeHolcim company participated in the e-auction for a limestone block for Nandgaon Ekodi Limestone Block in Chandrapur district at a final bid price of 125.05 per cent of value of mineral dispatched. |
Moroccan cement market contracts 8% in May07 July 2017, Published under Cement NewsCement sales in Morocco fell 7.6 per cent to 1.24Mt in May. The drop has been attributed to the recession in the real estate sector following a slump in social housing and the slowdown on construction sites as a result of the delay in the formation of a new government and adoption of Finance Law 2017. In the first five months of 2017, cement sales retreated six per cent to 6.05Mt YoY. |
Swiss cement demand contracts 4.7% in 2Q1707 July 2017, Published under Cement NewsIn the second quarter of 2017, dispatches by Swiss cement producers to the domestic market have contracted by 4.7 per cent to 1,187,613t from 1,245,811t in 2Q2017, according to Cemsuisse, the country’s cement association. In the first half of the year, dispatches slipped by 3.9 per cent YoY to 2,040,783t from 2,123,948t. |
Siam City to invest in Vietnam operations06 July 2017, Published under Cement NewsSiam City Cement Vietnam Co Ltd will invest an additional US$30-50 in its Vietnamese cement plants in Kien Giang, Ba Ria-Vung Tau and Dong Nai provinces, and Ho Chi Minh City (HCMC) in the next 6-12 months, the Saigon Daily Times reports. At a meeting between the company and HCMC authorities on Monday, Philippe Richart, general director of the company, said the Vietnamese economy would continue expanding in the future. In September 2016 LafargeHolcim announced that it is to divest of its V... |
Votorantim Cimentos inaugurates new Sivas plant06 July 2017, Published under Cement NewsVotorantim Cimentos on Wednesday inaugurated its new plant in Sivas, central Turkey, continuing the company’s strategy of geographic diversification with investments in markets with high growth potential. Involving an investment of EUR140m, the new plant has a capacity of 1.8Mta and will replace the company's old Sivas facility, located about 500km from the capital Ankara and 900km from Istanbul. “This expansion makes our Sivas operation not only more competitive and efficient, but also be... |
Pakistan terminal begins commercial operations06 July 2017, Published under Cement NewsPakistan International Bulk Terminal Ltd (PIBT) has started commercial operations from the country's first and only common-user coal, cement and clinker terminal at Port Qasim, near Karachi. In May the company announced that the terminal commenced hot commissioning and achieved a significant milestone by handling the first coal cargo vessel of 41,000t. PIBT has invested around US$285m to establish the state-of-the-art mechanised, coal, clinker and cement bulk cargo terminal. Under a 30-... |
US and Puerto Rico shipments down slightly05 July 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico in April 2017 were about 7.6Mt, slightly less than sales in April 2016, latest data from the US Geological Survey shows. The leading producing states in April 2017 were Texas, California, Missouri, Florida and Alabama, in descending order. The leading cement-consuming States (Texas, California, Florida, Ohio and Georgia, in descending order) received 41 per cent of the April shipments. Shipments for the yea... |
Drop in Saudi 2Q earnings expected05 July 2017, Published under Cement NewsSix Saudi cement companies are expected to see a decline in their revenues and profits, by 37.1 to 62.8 per cent in the second quarter of 2017, according to a recent report by Al Rajhi Capital. The companies covered in the report are Arabian Cement, Yamama Cement, Saudi Cement, Qassim Cement, Yanbu Cement and Southern Province Cement. The sales volume of the Saudi cement sector declined by 17 per cent YoY in the first two months of the second quarter as a result of a continuous slowdown in... |
UltraTech reduces prices05 July 2017, Published under Cement NewsUltraTech Cement has reduced prices of its products by 2-3 per cent, extending benefits of a tax reduction under the countrys Goods and Service Tax (GST) regime, local press report. The company has started the supply of batches from its warehouses on new rates effective 1 July , when the new tax structure came into force. Cement has been taxed at 28 per cent under the GST as compared to 30-31 per cent in the previous taxation system. The reduction in prices would vary from state to st... |
Buzzi completes acquisition of the Zillo Group05 July 2017, Published under Cement NewsBuzzi Unicem has completed the acquisition of the Zillo Group with the purchase of the remaining 52.1 per cent of the share capital of Cementizillo, the Italian cement major confirmed in a statement earlier this week. Following completion of the deal, Buzzi Unicem owns 100 per cent of the company. The acquisition includes two integrated cement plants at Moncelice and at Fanna and will make Buzzi the clear leader in the northeast of the country. Not only does mean Buzzi closes the gap on It... |