Cement News tagged under: international
Myanmar: BASF to open new construction chemicals plant16 December 2016, Published under Cement NewsGerman industrial chemical firm BASF has announced that it will open its first manufacturing plant in Myanmar in 2017, Newswire Today reports. The plant will produce chemicals for the construction industry, BASF’s portfolio of which includes cement additives, and will be sited in Myanmar’s commercial capital, Yangon. “As Myanmar’s construction industry grows more sophisticated in its scope, which includes high-rise buildings, roadways and bridges, the requirement for high-quality techn... |
Zimbabwe: Mortal Investments plant complete16 December 2016, Published under Cement NewsThe construction of Mortal Investments Manufacturing Co’s US$10m plant in Redcliff, Zimbabwe, has been completed. The Chinese investor begun construction of the new plant in August after purchasing a 100,000m 2 plot of land. According to Redcliff Municipality Mayor, Councillor Fred Kapuya, the plant is in its test run phase, which is expected to be completed early 2017. |
Mexico: Cemex increases cement price 11%15 December 2016, Published under Cement NewsCemex notified its distributors that from January 2017 it will increase the price of grey cement by around 11 per cent nationwide. Other producers such as Holcim and Cruz Azul are following suit with similar price rises of around MXN300 (US$14.60) Distributors of Construramas, Cemex’s chain of shops in Nuevo Léon and other Mexican states said the latest price rise will see cement at MXN2740-3000/t. Retail customers in Nuevo Léon will see the price of a 50kg bag of cement rise by MXN155-172... |
Kenya: Savannah Cement 2500tpm supply deal15 December 2016, Published under Cement NewsSavannah Cement claims to be supplying 2500t of cement each month to the Outer Ring Road expansion project. The KES16bn (US$157m) road project is being financed by the African Development Bank and the Kenyan government and is scheduled for completion in September 2017. Meanwhile, the cement manufacturer has plans to install a second grinding unit at its Kitengela complex to boost production capacity. With the installation of the unit nest year, Savannah Cement expects to double its produc... |
Indonesian cement sales fall 9% in November14 December 2016, Published under Cement NewsThe Indonesian cement market is seeing a steep fall in cement sales as the year draw to a close. Cement sales volume during January-November 2016 was almost stagnant with November sales down nine per cent when compared with the same period last year to 5.74Mt, according to the Indonesian Cement Association (ASI). Cement sales volumes during the 11M16 period increased only 0.3 per cent YoY to 56.5Mt. In 2015 sales expanded by 1.8 per cent driven by government spending at the end of the yea... |
Kenya: locals request priority in EAPCC land sale14 December 2016, Published under Cement NewsEast Africa Portland Cement Co (EAPCC) has proposed the disposal of parcels of land and residents in some of the areas have requested priority in the sale. On 17 November 2016, Athi River-based company EAPCC announced plans to sell parcels of its land in an attempt to raise approximately KES8bn (US$78.3m). The company has suggested the proceeds could go towards retiring KES5bn of debt. As the state controls 52.3 per cent of the company (25.3 per cent directly by the Ministry of Industr... |
Fitch: Latin America 2017 outlook stable13 December 2016, Published under Cement NewsAccording to a new Fitch Ratings report, the 2017 Latin American cement outlook for both ratings and the sector is stable. Associate Director at Fitch Ratings, Gilberto Gonzalez: “Issuers have built significant operations in the US, which should benefit from increased public and private spending… Housing starts should increase seven per cent to 1.26m, which should provide an additional boost.” For Argentina cement consumption is forecast grow in the mid-single digits, recovering some o... |
Saudi Arabia: domestic firms' sales down 22% in November13 December 2016, Published under Cement NewsSaudi Arabian cement companies saw their sales fall 21.92 per cent YoY to 4.2Mt in November from 5.4Mt in the same month last year, according to a Yamama Cement report. Total production declined 20.2 per cent 4.23Mt in the month under review when compared to the 5.3Mt registered in November 2015. Inventories rose 16.5 per cent to 1.13Mt last month, up from 971,000t a year prior. Of the Saudi cement producers, Yanbu Cement posted the highest sales figures of 690,000t, up 11.3 per cent Y... |
Average oil price in 2017 to hover around US$61/bbl, gas at US$3.50/mBtu13 December 2016, Published under Cement NewsBrent oil is expected to average US$61/bbl in 2017, peaking at US$70/bbl during the US driving season while WTI’s average is forecast at around US$59/bbl, according to the latest report by Bank of America Merrill Lynch (BoAML). This follows last week’s OPEC announcement to cut crude production by 1.2Mbpd with non-OPEC producers supplying an extra 0.6Mbpd. “This joint curb is a first since 1998 and in our view marks a clear turning point. It will likely tighten global oil market balances a... |
Russia: market volume down in St Petersburg and Leningrad13 December 2016, Published under Cement NewsFor 2016 cement demand in St Petersburg and Leningrad totalled 3.7Mt, falling short of the 4.3Mt estimated for the year in 2015. The main players in these markets are Eurocement Group, with a 58 per cent share, Cesla (18 per cent), Pikalevskaya Soda (14 per cent) and companies of the Eurocement Group in Belarus (six per cent). |