Cement News tagged under: international
Kazakhstan: struggling economy hits cement industry07 October 2016, Published under Cement NewsWith a slump in oil prices, geopolitical tension between Russia and the West, and a slowdown in the Chinese economy, Kazakhstan’s GDP grew just 0.1 per cent YoY in 1H16. Following the decision of the central bank to partly float the currency, the tenge has fallen from KZT140 to the US$ to KZT340 over the past 30 months. Despite these struggles, construction activity is frenetic in Astana, the country’s capital. US$2bn of government infrastructure projects are underway for Astana Expo 2017... |
DR Congo: new plants to fight imports07 October 2016, Published under Cement NewsThis week it was announced that the Cementerie Kongo (CIMKO) greenfield cement plant project, a joint venture between Lucky Cement Ltd and the local Groupe Rawji, would be completed this October. While it will take a short while for the plant to be optimised, its targeted cement capacity of 1.2Mta is expected to be pressed into action as soon as possible to serve the country's 3Mta cement demand. While GDP in the Democratic Republic of Congo has slipped, with the government forecasting 4... |
Vietnam: 9M16 cement sales reach 55.25Mt05 October 2016, Published under Cement NewsAccording to the Ministry of Construction, Vietnam's cement sales reached 55.25Mt for the period January-September 2016. No YoY comparative figures were given. Of the total, 43.55Mt were sold domestically, a 7.7 per cent increase on the previous year, and 11.7Mt of cement and clinker were exported, representing a -1.3 per cent YoY change. In the month of September Vietnamese companies sold 5.25Mt of cement in the domestic market and exported 1.3Mt of cement and clinker, the ministry added... |
Ethiopia: protesters start fires at Dangote plant05 October 2016, Published under Cement NewsA Dangote cement plant in the Ada Berga, Oromia region, was set alight by angry protesters on Tuesday. The protesters were angered by the death of at least 55 people in a stampede triggered by clashes between police and demonstrators at a religious festival held by the Oromo people on Sunday. Protesters claimed the stampede was a result of violence by the security forces, but the Prime Minister has denied that the security forces had opened fire. The government has declared three days of ... |
India: land acquisition underway for 3Mta Jaykaycem plant05 October 2016, Published under Cement NewsJaykaycem (Central), an associate company of JK Organisation, is planning a 3Mta integrated cement plant near the villages of Devra, Puraina and Sotipura, Madhya Pradesh district, India. The two phase project will consist of a 2.64Mta clinker section, plus the cement grinding plant and a 40MW captive power plant and a 15MW WHR-based power plant. Land acquisition is in progress and the project is waiting for environmental clearance. The estimated cost of phase-I is INR27,743.4m (US$416... |
India: Alstom grinding plant erection to start by the end of 201605 October 2016, Published under Cement NewsAlstom Industries, a part of JDB Group, is planning a cement grinding unit at Village Baghjap, Morigaon district, Assam, India. The unit will produce 1000tpd of PPC & OPC cement. The cost of the project is INR450m. Environmental clearance has been received and 15 acres land has been acquired and acquisition of another 10 acres land is in progress. The project has been postponed due to issues in environment department. Work on the project is expected to commence in December 2016 and ... |
DR Congo: CIMKO plant nears commerical production04 October 2016, Published under Cement NewsThis October the US$270m CIMKO plant owned jointly by Lucky Cement and Groupe Rawji located 240km (150 miles) west of the capital, Kinshasa, will start producing cement and work towards its 1.2Mta cement capacity. The project has been financed by lenders including the African Development Bank, the International Finance Corporation, Denmark’s Export Credit Agency EKF and by Habib Bank Ltd. The Democratic Republic of Congo's Prime Minister, Matata Ponyo Mapon, said his government wi... |
Georgia: new cement plant in partnership with LafargeHolcim04 October 2016, Published under Cement NewsGeorgian Cement Company (GCC) opened its new cement plant on the 4 October 2016 in Poti, with an initial annual capacity of 0.25Mta. GCC decided on the location of the plant after market research revealed that western Georgia was mainly supplied by cement imported from Turkey. To complete the project GCC entered a partnership with Lafarge, which has since merged with Holcim to become LafargeHolcim. Construction of the plant commenced in 2014. The new plant boasts a unique laboratory based... |
Philippines: government urged to curb smuggling04 October 2016, Published under Cement NewsThe United Filipino Consumers and Commuters (UFCC) is urging government officials to stop smuggling at Iloilo pots and across the rest of the region. UFCC President, Rodolfo Javellana Jr noted that the Port of Iloilo was one of the main entry points for cement smugglers. Of nine smuggled cement shipments, three entered through the Port of Iloilo. Speaking at the group’s anti-smuggling campaign, Mr Javellana Jr said cement shipments were not only undeclared, but also underpriced. Between J... |
Pakistan: FY16 earnings up 16% YoY04 October 2016, Published under Cement NewsPakistan cement industry performed well in FY16 and concluded on a positive note for the cement sector with earnings clocking in at PKR36.4bn (US$348.3m), up 16 per cent YoY. According to research house, the growth in earnings was backed by eight per cent YoY increase in revenue amid higher dispatches, increased in margins due to lower fuel and power costs and 54 per cent YoY decline in finance cost. However, 6.6 per cent YoY increase in effective tax rate due to increasing share of local ... |