Cement News tagged under: international
Vietnam: cement output up 15.2% YoY31 August 2016, Published under Cement NewsVietnam is estimated to have produced 50.6Mt of cement in the first eight months of 2016, a 15.2 per cent increase from the same period last year, according the the government-run General Statistics Office. Cement output in August is expected to climb 13.1 per cent to 6.5Mt compared to August 2015. Following China, India, Iran and the US, Vietnam is the fifth-largest cement producer in the world. It operates 76 production lines with a combined output of 81.56Mta. Vietnam is currently f... |
Nigeria: cement prices in Lagos rise by over a third31 August 2016, Published under Cement NewsThe price of bagged cement in Lagos has risen sharply overnight, according to reports in The Nation. A 50kg bag now retails for between NGN2200 and NGN2300 (US$7-7.30), a rise of around 40 per cent on previous prices. Kunle Awobodu, vice-president of the Nigeria Institute of Building (NIOB), said: “Clients, contractors and quantity surveyors may have disagreements due to price variations. New price on old contracts in a competitive bidding may eventually lead to sub-standardisation in con... |
Lafarge Iraq signs transportation deal31 August 2016, Published under Cement NewsLafarge Iraq have signed an agreement with Iraq’s General Company for Land Transportation (GCLT), which is owned by Iraq’s Ministry for Transport, for the transportation of its cement products. The Lafarge deal is the largest in history for GCLT according to an Iraq Business News report. The contract will run for one year, but has the possibility of a five-year extension. Lafarge Iraq operates three cement plants in the country, Bazian and Tasluja located in Sulaimaniyah, Kurdistan, an... |
Indonesian cement exports expected to grow 50%30 August 2016, Published under Cement NewsIndonesia's cement and clinker exports are forecast to reach 1.5Mt in 2016, a 50 per cent increase when compared with the export volume of the previous year. In the seven months to July, exports had already noted a 63 per cent YoY increase. Indonesia exported 833,000t of cement and clinker in January-July, according to the Indonesia Cement Association (ASI). Around 509,000t of this was clinker while the remainder consisted of bulk cement. The news is particularly welcome for the countr... |
Northern India prices rebound as demand strengthens30 August 2016, Published under Cement NewsCement prices in northern India have risen by around 25 per cent YoY in the period April-July 2016, driven by rising demand, according to the Economic Times. This performance stands in contrast to other regions, where prices have either remained stable or fallen slightly. In the north, prices stood at INR305-345/bag (US$4.55-5.14), up on the same period last year and also higher than the INR225-240 seen in January 2016. Sabyasachi Majumdar, senior vice president, ICRA Ratings, said, “W... |
Philippines: 1H16 sales rise 10.7%26 August 2016, Published under Cement NewsPhilippine cement manufacturers reported a 10.7 per cent increase in sales to 13.2Mt for the first six months of the year. This increase has been supported by government rises in infrastructure spending and the private sector engaging more heavily in construction activities. President of the Cement Manufacturers Association of the Philippines (CEMAP), Ernesto Ordoñez, revealed that the growth rate seen in 1H16 is better than the “moving average increase of 10 per cent in the last five yea... |
Chinese firm invests in Zimbabwe26 August 2016, Published under Cement NewsMortal Investments Manufacturing Co announced that it is constructing a 1Mta plant in Redcliff, Zimbabwe. The arrival of the Chinese firm in the country is expected to intensify competition in the market that has been dominated by Lafarge and PPC. Mortal Investments is the second producer to invest in the region, following the lead of Sino-Zimbabwe Cement. This is positive news for locals, as it will bring a further 400 jobs to a town that has been struggling with high levels of unemploym... |
Bangladesh: river vessel worker strike affects imports26 August 2016, Published under Cement NewsThe import of clinker in Bangladesh has been affected as a result of the indefinite nationwide strike by Bangladesh River Vessel Workers' Federation (BRVWF), who demand a fixed minimum wage, improved compensation in case of accidental death and improved security. Five vessels carrying around 200,000t of clinker and a ship loaded with limestone have been waiting at outer anchorage of Chittagong Port to offload their cargo through lighter vessels, which are currently part of the strike. Th... |
Tajikistan: Chzhungtsai Mohir Cement plant opened25 August 2016, Published under Cement NewsThe Chzungtsai Mohir Cement cement plant has been officially opened by Emomali Rahmon, the President of Tajikistan, Asia Plus reports. The 1.2Mta plant is the second to be built in Yovon district, situated about 30km southeast of the capital, Dushanbe. Due to foreign investment into plants such as these, Tajikistan has gone from being a net importer to exporting cement. In the six months to the end of June 2016, the country produced 0.87Mt of cement, of which 0.2Mt was exported to Afgh... |
Tanzania: cement producers optimistic for future25 August 2016, Published under Cement NewsIn the face of overcapacity and cheap imports in the local market, cement producers in Tanzania remain optimistic about future prospects, which seem more positive in light of a continuing construction boom. Tanzania has an installed production capacity of 8.3Mta and a current demand of only 4.3Mta, but major infrastructure projects are expected to drive business and boost growth. Local producer Tanga Cement reported a decline in profit for 2015 compared to the previous year as a result of... |