Cement News tagged under: international
Kenya: Dangote seeks limestone on east coast30 November 2016, Published under Cement NewsDangote Group has expressed interest in prospecting for limestone in Malindi, 120km northeast of Mombasa. The group plans to explore limestone deposits in Kwachocha, Kijiwetanga Kizingo, Mbaraka Chembe and Mayungu, said Dan Kazungu, Mining Cabinet Secretary. Mr Kazungu announced that the ministry is processing a licence to allow the exploration works. The ministry will set up a regional mining office in Malindi town to serve Kilifi, Tana River and Lamu. Dangote’s entry into the Kenyan ... |
Nigeria: UNICEM Mfamosing's second line commissioned30 November 2016, Published under Cement NewsUnited Cement Co of Nigeria (UNICEM) commissioned its new line at Mfamosing, Cross River State, in September 2016. Loesche has since announced its scope of supply for the project, including the LM70.4+4CS, its largest VRM built for grinding clinker. With a pre-existing 2.5Mta capacity, UNICEM contracted Loesche to extend the plant with a further two vertical roller mills. A type LM60.4 mill was installed for the grinding of raw material at a rate of 500tph and the LM70.4+4CS which is desi... |
Pakistan: cement producers see profits of 12% 1QFY16/1730 November 2016, Published under Cement NewsPakistan's cement manufacturers posted 12 per cent growth in their profits during the first quarter of the current fiscal year of 2016/17 on high sales and low financial cost, acocording to a Topline Securities research report. An analysis of 15 out of a total of 19 listed manufacturers, representing 95 per cent of cement companies’ market capitalisation, the profitability of the sector grew to PKR13.6bn (US$127.9m) during the quarter. Analysts attribute this boost to a 10 per cent YoY inc... |
Tanzania: Lake Cement plans new plant in Bagamoyo29 November 2016, Published under Cement NewsLake Cement Ltd announced it will invest US$150m in a new cement plant in Bagamoyo, Pwani Region, Tanzania, with a production capacity of 1.4Mta. Construction is due to commence mid-2017, with completion expected to take approximately two years. The plant will use limestone sourced from the project area. Lake Cement also operates a 1Mta plant in Kimbiji, Kigamboni District. The Kimbiji plant’s product is sold countrywide, as well as exported to Rwanda, Burundi and the Democratic Republic ... |
Colombia's cement market contracts 14.4% YoY in Oct29 November 2016, Published under Cement NewsCement consumption in Colombia fell 14.4 per cent to 0.994Mt in October 2016 from 1.162Mt in October 2015, according to the latest figures by the country’s statistics office, DANE. Domestic cement production in October reached 1.076Mt, down 11 per cent YoY. In the first 10 months of 2016, domestic dispatches saw a 5.2 per cent drop to 10.077Mt when compared with 10.632Mt reported in October 2015. Cement production reached 10.388Mt, down four per cent YoY. |
Ecocem's turnover rises despite US problems28 November 2016, Published under Cement NewsEcocem's group turnover totalled EUR63.7m last year, up from EUR61m in the prior year as the company’s operating profit jumped to EUR2.6m from EUR1.5m. However, the company's US subsidiary Orcem Americas’ plan for a new EUR45m plant in California has run into planning difficulties. Orcem Americas has been involved in an ongoing planning dispute over the construction of a US$50m (EUR45m) grinding mill in Vallejo, close to San Francisco, the group’s first venture in the US. Residents have al... |
Pakistan: gas price reduction to benefit cement manufacturers28 November 2016, Published under Cement NewsThe Federal Minister for Finance, Senator Mohammed Ishaq Dar, approved a gas price reduction at a meeting of the Economic Coordination Committee (ECC). The decision will see prices fall from PKR600 to PKR400/mBTU. Lucky Cement, DG Khan Cement and Maple Leaf Cement, each of which operate captive gas-fired power facilities, are set to benefit from the decision with the impact on profitability estimated at 4.1 per cent, 1.6 per cent and 1.2 per cent, respectively. |
Moroccan cement demand up 8.4% YoY Oct 201625 November 2016, Published under Cement NewsMoroccan cement sales increased 8.4 per cent in October 2016 when compared with the previous year. In the first 10 months of 2016, cement sales in the kingdom edged up by 0.9 per cent, according to the Directorate of Financial Studies and Forecasting (DEPF), Ministry of Economy and Finance. Real estate loans were up 2.4 per cent to MAD246.4bn (US$24.4bn) at the end of the first nine months of 2016, an improvement when compared with the 2.2 per cent increase noted in 9M15. |
India: Jaypee Cement requests coal re-allocation25 November 2016, Published under Cement NewsJaypee Cement has requested that the central government allocate the two captive coal blocks won in auction to other firms in need of fuel. Jaypee Cement wished to surrender the two blocks in Maharashtra and Mandla South in Madhya Pradesh following the sale of the attached cement plants. The company informed The Economic Times India that, “both cement and captive power plants of Jaypee Balaji cement plant are being acquired by Ultratech Cement, but they have shown no interest in taking th... |
India: 32 manufacturers to sell at INR230/bag25 November 2016, Published under Cement NewsTelangana State Housing Corp has signed a MoU with 32 cement manufacturers this week. As per the MoU, the companies will supply cement at a price of INR230/bag (US$3.35/bag) for the next three years to the housing corporation. With cement prices high on the open market, the state government negotiated with the manufacturing companies for reduced rates. Housing Minister Undrakaran Reddy thanked the participating firms for coming forward and supporting the housing scheme. Mr Reddy estimates... |