Cement News tagged under: international
Arabian Cement launches round 2 of social start-up22 May 2017, Published under Cement NewsEgypt-based Arabian Cement Company (ACC) has launched the second round of its social start-up programme, continuing in partnership with Nahdet El Mahrousa (NM), TradeArabia reports. Building on the success of the first round, Khaleeha Suessi will offer entrepreneurship training for 15 shortlisted start-ups, out of which more than six start-ups will eventually receive seed funding and incubation services for one year. This round of Khaleeha Suessi is bringing together several community c... |
Shree Cement's eastern promise22 May 2017, Published under Cement NewsShree Cement is looking to expand its presence in eastern India with the construction of two grinding facilities, according to local press. As part of its expansion plan in the east from its base in Bihar, Shree Cement is constructing one plant in Raghunathpur, West Bengal, and the other near Cuttack, Odisha, the report in Business Standard (India), stated. Managing Director, HM Bangur, told the daily that Shree had acquired 120-130 acres in Bengal and that a deal to acquire 150 acres i... |
Indonesia: sustaining profitability19 May 2017, Published under Cement NewsWeaker-than-expected growth in Indonesian cement consumption and fierce competitive pressures have led to a tough pricing environment, resulting in local producers looking to mitigate the impact of a challenging market. However, latest volume data by the Indonesian Cement Association (ASI) reveal strong domestic and export sales for the month of April, but can this recovery be sustained? Domestic cement consumption in 2016 was virtually flat (+0.1 per cent) compared to the previous... |
Peru sees fall in April cement dispatches19 May 2017, Published under Cement NewsPeru’s cement dispatches fell 10 per cent to 0.73Mt in April when compared with April 2016, when 0.811Mt were delivered, according to the country's cement producers' association, Asocem. Domestic deliveries reached 0.699Mt in the fourth month of the year, down 10.5 per cent YoY. Cement exports rose five per cent MoM to 31,000t and clinker exports stood at 59,000t. In terms of domestic demand (domestic deliveries plus imports), the fourth month of 2017 saw a 12.8 per cent YoY decline t... |
Wonder Cement looks to lift capacity to 11Mta18 May 2017, Published under Cement NewsWonder Cement plans to set up three units in the Indian states of Maharashtra, Madhya Pradesh and Haryana to increase its total cement capacity to 11Mta over the next three years. "We have 5.2Mta of installed capacity and hope to increase to 11Mta by 2020," JC Toshniwal, managing director of Wonder Cement, said. He further added that the company is expected to receive environmental clearance for a 2Mta grinding unit in Dhule, Maharashtra, next month and production is expected to commence b... |
Shree profits fall sharply18 May 2017, Published under Cement NewsShares of Shree Cement declined over five per cent on Wednesday after the company said its profits more than halved in March quarter. The company reported a standalone profit of INR304.5bn (US$4.73bn) for the fourth quarter ended 31 March, compared with INR663bn, reported for the same period last year, said the Economic Times. The company said total income during the quarter under review increased to INR2834bn from INR2724bn in the January-March quarter of 2015-16. The earnings are not co... |
Cemex delivers concrete for Riga's Bulk Terminal18 May 2017, Published under Cement NewsCemex has supplied more than 3500m 3 of concrete to the Riga Bulk Terminal, a state-of-the-art marine terminal being built for the Freeport of Riga, Latvia’s port authority. Located in Kundzinsala, in Riga’s northern district, the terminal is a key part of a global and regional cargo supply chain and passenger traffic network in the Baltic Sea region. Cemex in Latvia supplied the concrete for the construction of the base plate, walls, and coverings for the new loading point of the Riga Bul... |
Cemengal completes contract for Cemindo Gemilang18 May 2017, Published under Cement NewsCemengal of Spain has completed an engineering and supply contract for Indonesian cement producer Cemindo Gemilang. The contract, signed on 22 July 2016, was for three cement grinding units. In a reference letter dated 26 April 2017 and posted on Cemengal’s website, Anang Adji Sunoto, project and operation director of Cemindo Gemilang, wrote: "This engineering and supply contract was performed within due time, quality, budge and safety requirements." |
Brazil's Jan-April sales down 10.1%17 May 2017, Published under Cement NewsIn the first four months of 2017, Brazilian cement sales to the domestic market totalled 17Mt, according to preliminary data from Sindicato Nacional da Indústria do Cimento (SNIC). This amount represented a decline of 10.1 per cent compared to the same period of last year. In the 12 months to the end of April 2017, cumulative sales totalled 55.5Mt, 10.7 per cent less than the comparative period a year earlier. Standalone figures for April 2017 show sales were down by 16 per cent YoY to... |
Pakistan cement exports hit by strike action17 May 2017, Published under Cement NewsExports of cement and other commodities from Pakistan via seaports in Karachi have been affected by a strike by goods carriers. Goods transporters went on strike last Monday against a ban imposed by the Sindh High Court on the movement of heavy vehicles in Karachi during the daytime. The strike was later joined by 14 other transport bodies. The import of a range of raw materials and finished goods was also affected. As a result of the industrial action, port traffic was brought to a s... |