Cement News tagged under: international
Spain: consumption decreases 2.3% in 1H1612 July 2016, Published under Cement NewsCement sales in Spain slipped by 0.9 per cent to 1,048,116t while for 1H16 they fell 2.3 per cent to 5,525,720t. The continued fall in demand is attributed to the lack of construction in the infrastructure sector with the key housing sector unable to offset the decrease. "The virtual paralysis of public works has been a setback in our forecasts for the end of the year," says Jaime Ruiz de Haro, Oficemen president, adding that "at the end of 2015 we envisioned a scenario with slight growth... |
Argentina: domestic demand down 19% in June 201612 July 2016, Published under Cement NewsArgentina’s cement demand contracted 18.8 per cent YoY in June 2016 to 857,525t from 1,055,434t in June 2015 and by 2.7 per cent MoM from 881,663t in May 2016, according to data from domestic cement association, AFCP. The country’s cement producers also found no relief in exports as these fell by 0.9 per cent YoY from 4976t to 5020t in June 2016 and by 35.3 per cent MoM from 7758t in May 2016. For the first six months of 2016, domestic cement consumption dropped sharply by 14.2 per cent ... |
Nigeria: cement prices increase12 July 2016, Published under Cement NewsAccording to The Guardian Nigeria market research, there has been a fluctuating increase in cement prices since May 2016. Previously prices had been reduced by Dangote Cement Plc, the leading producer of cement in the country, with prices dropping from approximately NGN2000 (US$7.08) to NGN1000-1400 (US$3.54-4.96) per 50kg bag. However, bags of cement sell now at up to NGN2000 across all brands. This return to high prices has slowed housing construction, real estate activities and has inc... |
Vietnam offers support for state-owned cement firms12 July 2016, Published under Cement NewsAccording to figures released by the Ministry of Finance, the Vietnamese government is providing restructuring loans to unprofitable state-owned cement firms, VietNamNet Bridge reports. Firms, including Song Thao, Thai Nguyen and Ha Long, are being supplied with cash in an effort to prepare the cement sector for part-privatisation. Already, some plants have been transferred to Vicem from other state-owned enterprises (SOEs) and the government is understood to want to begin the sell-off, p... |
Saudi Arabia: export ban lifted11 July 2016, Published under Cement NewsThe Saudi Arabian government has decided to lift the export ban on cement, which was imposed in 2008 to push down prices and accommodate the demand generated by government-funded infrastructure projects. Once the ban has been lifted potential export destinations will include Qatar, Yemen, Jordan, Bahrain, Egypt, Iraq, east Africa and the UAE. This decision to remove the export ban may help Qatar, a country with major construction projects planned in the run up to Fifa 2022, meet its growi... |
0.5Mta CIMAF Gabon plant inaugurated11 July 2016, Published under Cement NewsGabon President, Ali Bongo Ondimba, formally inaugurated the new Cements de l’Afrique (CIMAF) cement plant in Owendo, Gabon, in the presence of the country’s Prime Minister and other dignitaries. "This is another testimony of the achievements that we see accomplished in the industrial Gabon. And we are happy that the inauguration today be in the company of our Moroccan brothers who took it upon themselves to come and invest in our country,” said the president. Built with an investment o... |
India: Sagar production rates fall11 July 2016, Published under Cement NewsSagar Cements’ reported production and sales figures for June 2016 are down when compared to the figures from June 2015. Cement production stood at 130,035t in June 2016, a one per cent drop from the 130,905t reported in June 2015. Sales figures for the month stood at 123,409t, down 20 per cent from 154,032t reported in the same month the previous year. For the period April-June 2016, production was down two per cent at 425,275t compared to 435,860t for the same period last year. Cement s... |
Cement imports suspended in RDC11 July 2016, Published under Cement NewsThe government of the Democratic Republic of Congo has suspended grey cement imports for three months, reports local news source Radio Okapi. Modest Bahai, the country’s economics minister, said the decision had been taken due to the influx of illegal cement imports, which cost the country around US$8m and threatened the domestic cement industry. He also gave assurances that the import ban would not send prices skyward in the market. |
Sri Lanka: Holcim exit causes tension with China and India08 July 2016, Published under Cement NewsThe possible takeover of Holcim Lanka Ltd by China Resources Cement Holdings Ltd, a subsidiary of the state-owned China Resources Group, is expected to cause tension with India as the world's largest cement-producing country extends its influence on the island. With strong current positions in the Colombo and Hambantota harbours, this deal would also give China a presence in Galle and Trincomalee in addition to consolidating its presence in Colombo. Holcim presently owns the Ceylon Ambuja... |
India: UltraTech wins two coal mines in auction08 July 2016, Published under Cement NewsUltraTech Cement, one of the largest cement manufacturers in India, has secured two coal linkages for its cement plants in Maharashtra. The company had participated in the auction of coal linkages for cement sector and won Penganga OC mines and Mana Incline mine in the State. The company has won the Penganga OC mine for a basic floor price of INR1510/t (US$22.4/t) and a premium of INR20/t (US$0.29/t). The bid price for the Mana Incline mine was at a basic floor price of INR2060/t. Fu... |