Cement News tagged under: international
Canada: LafargeHolcim to shut Kamloops plant21 October 2016, Published under Cement NewsLafarge Canada announced that it will shut its plant in east Kamloops for the foreseeable future. A downturn in demand in Alberta and western Canada and a result of plunging oil prices has made the 0.2Mta works unnecessary. The shutdown is due to be completed by the end of the year and will leave just operational cement plants in British Colombia, a Lafarge plant in Richmond and Lehigh Hanson’s in Delta. Despite the plant closing, it will not be dismantled. Discussions continue on whet... |
Cementos Argos sees Honduras potential21 October 2016, Published under Cement NewsThis week it was announced that Cementos Argos was looking to expand its overseas cement capacity by upgrading its 0.3Mta Cementos del Sur (Cesur) facility in San Lorenzo Valley, southern Honduras. Cementos Argos bought Lafarge’s 53.3 per cent shares in the Cesur grinding station as well as the 1Mta Piedras Azules integrated plant from Lafarge in 2013 for EUR232m. The Honduran population is expected to grow by 1.4 per cent annually from 8.4m in 2013 to 8.65m in 2020. In four years' time... |
Venezuela: Peña mini-plant expected online in 1Q1720 October 2016, Published under Cement NewsThe new cement plant currently under construction in Barranco Amarillo, Peña, Yaracuy state, has been completed 70 per cent and is expected to enter service in the first quarter of 2017, according to the Yaracuy government. Following commissioning, the mini plant, which represents an investment of US$15m, is expected to produce 4.5m cement bags per year destined for public works projects. Yaracuy State Governor, Julio León, said during an inspection of the plant: "It is expected that ... |
DR Congo: Matadi cement price falls20 October 2016, Published under Cement NewsFor the first time in a month, the price of a 50kg bag of cement has fallen in Matadi from CDF12,500 (US$12.16) to CDF8500, according to domestic news reports. The drop in price comes as a result of increased supply of cement imported from Angola. However, sales remain subdued and the Association of Independent Cement Consumers of Kongo-Central has recommended that the government removes the import tax charged at the border post of Lufu. |
Cameroon: new Cimencam plant by 201819 October 2016, Published under Cement NewsSociété les Cimenteries du Cameroun (Cimencam) announced that the commissioning of its new Nomayos cement plant is scheduled for mid-2018. The new grinding unit will boast an installed capacity of 2Mta and is expected to cost XAF23bn (US$38.5m). The project, which was originally announced in 2011, will benefit from 5-10 years of tax and customs duties exemptions, as per an agreement signed in May between Cimencam and the State of Cameroon. The agreement follows the conditions provided in ... |
UK: construction activity falls in August18 October 2016, Published under Cement NewsThe UK's Office of National Statistics has released its construction figures for August that saw a fall of 1.5 per cent in construction activity. Decreases were seen in all new work as well as the repair and maintenance segments of 1.4 and 1.5 per cent, respectively. Infrastructure suffered the biggest downturn of 5.1 per cent. In comparison, July saw a 6.1 per cent rise in infrastructure. Meanwhile, total new housing declined 1.3 per cent in comparison with the previous month, whi... |
India: JSW Cement capacity expansion by 202017 October 2016, Published under Cement NewsJSW Cement announced plans to expand its production capacity to 30Mta by 2020. According to Director and CEO of JSW Cement, Anil Kumar Pillai, an investment of INR27bn (US$404.3m) has been allocated to increasing capacity to 17Mta by 2018, up from its current capacity of 8.76Mta. The company has a five per cent market share in southern India and has plans to venture into the eastern markets. JSW Cement’s plants are located in Vijayanagar in Karnataka, Nandyal in Andhra Pradesh and Dolvi i... |
Spain sees demand fall 3.4% in September14 October 2016, Published under Cement NewsSpanish cement consumption contracted 3.4 per cent in September to reach 973,047t, according to the country’s cement organisation, Oficemen. In the January-September 2016 period demand slipped 2.9 per cent to 8.4Mta. Oficemen CEO, Aniceto Zaragoza, has insisted that the situation remains “very delicate” for the sector and he does not expect the situation to change in the next few months. The association emphasised that investment recovery in infrastructure should be a political priorit... |
J K Cement: Indian cement demand to grow 7% in FY17, 8% in FY1814 October 2016, Published under Cement NewsJ K Cement expects the government’s infrastructure push to drive cement demand in India in the next two years. “We expect demand to hit seven per cent in FY17 and eight percent in FY18,” said the company’s CFO, AK Saraogi. He added that compared to last year there has been a sizeable change in the real estate and developer market and a turnaround has started to happen. “Railways, metro, roads and transport, the smart cities initiative would all have a trickle-down effect on the cement ... |
US fundamentals remain strong14 October 2016, Published under Cement NewsShould investors be worried about the apparent slowdown of US cement shipments in recent months? The IMF has revised down its US growth estimates from 2.6 to 1.6 per cent for 2016 and construction is expected to see a deceleration. A flow of company warnings have been issued with Buzzi Unicem Inc seeing volumes down by double digits in Texas and down 3-4 per cent in the Midwest. HeidelbergCement has also indicated that its August volumes have been below expectations in California and so... |