Cement News tagged under: international
Syria: IS kidnaps 300 Al Badia cement workers08 April 2016, Published under Cement NewsSome 300 employees and contractors of the Al-Badia Cement plant have been abducted by Islamic State (IS) militants in Dumeir, some 30km northeast of the Syrian capital, Damascus. The hostages were taken to a spot where IS had launched an assault against forces loyal to President Bashar al-Assad earlier in the week. There have been no successful efforts in establishing contact with any of the workers, according to state-run news agency Sana. No further details of the abduction are known ... |
India: Sagar Cements reports 16% rise in March sales08 April 2016, Published under Cement NewsIndia’s Sagar Cements Ltd reported a 16 per cent increase in March sales from 170,410t in 2015 to 197,583t. Sales were particularly strong in Andhra Pradesh and Telangana, where they rose by 135 per cent to 59,830t and by 119 per cent to 52,101t, respectively. Sales in Karnataka were hit by a 47 per cent decline and in Tamilnadu they fell by 36 per cent. Orissa and Maharashtra recorded decreases of 18 and six per cent, respectively. Output saw a 42 per cent rise from 140,480t in March 2015 t... |
The BRICs come under pressure08 April 2016, Published under Cement NewsWhile the cement world has been concentrating on the slowdown in China and the large-scale mergers in India's cement sector, there has been little notice to the plight of other BRIC countries that are underperforming and are not attracting the investment that had previously put them at the top of the growth chart. The Economist Intelligence Unit this week observed that: "It has been clear for some time that the BRICs has had its day. While China and India have largely lived up to the grou... |
Pakistan: cement industry excels in March07 April 2016, Published under Cement NewsPakistan's cement industry has returned an excellent performance in terms of domestic and export fronts during the month of March. It has recorded its highest ever monthly dispatches of 3.584Mt on the back of healthy growth in domestic consumption and turnaround in exports, thus enabling it to utilise more than 90 per cent of installed capacity during March. According to All Pakistan Cement Manufacturers’ Association (APCMA), cement dispatches to domestic markets during March increased by ... |
Bharathi Cement wins Asia's 2015-16 most promising brand award07 April 2016, Published under Cement NewsBharathi Cement Corporation Pvt Ltd, a Hyderabad-based cement producer and member of the Vicat-France Group, has been adjudged as the “Asia’s most promising brand Award for 2015-16” by World Consulting and Research Corporation, reports Business Wire India. Bharathi Cement was chosen from the survey conducted by ibrands 360. For the award, nearly 100 top brands were selected out of a shortlist of 400 from different areas of business across Asia. Ashish Padhi, counsellor (science, education... |
India: cement prices to hold up thanks to merger deals06 April 2016, Published under Cement NewsIndia's stock researcher Livemint is forecasting that mergers like that between JP Associates Ltd and UltraTech Cement Ltd and also Birla Corp Ltd and Reliance Infrastructure Ltd will rationalise ownership to support cement prices. Meanwhile, with government projects gaining traction in areas like state metros, highways, low-cost housing and dedicated freight corridors, besides irrigation and water supply, demand and consequently cement dispatches are likely to improve from the fourth quar... |
Nigeria: cement standards may need revision06 April 2016, Published under Cement NewsNigeria's government is expected to revisit the review of cement standards to address restrictions placed on the use of certain classes of the commodity. Nigeria has witnessed at rise in building collapses around the country in recent months. The local Guardian newspaper learnt that stakeholders are awaiting the composition of the board of the governing council of the Standards Organisation of Nigeria (SON) by the government to drive the review agenda. The Federal Ministry of Industry, T... |
Israel imposes partial freeze on cement transfers to Gaza05 April 2016, Published under Cement NewsIsrael has halted some cement imports to the Gaza Strip after it emerged that parts of the shipments were being retained by Hamas officials. The Times of Israel reports that the freeze on cement imports – which does not affect imports bound for public sector programmes – was imposed on Sunday, 3 April 2016. Israel has previously imposed stoppages on cement imports to Gaza over concerns that material was being diverted to build tunnels across the border. In a statement released on Monda... |
Ethiopia: Derba plans US$300m expansion04 April 2016, Published under Cement NewsDerba Cement, a MIDROC Ethiopia subsidiary, is planning to expand its cement plant at a cost of US$300m. The expansion project is expected to take from 18 to 24 months. Derba Cements CEO, Haile Assegide, explained Derba was preparing to build a second plant in Chancho City. Upon completion, the plant would have the capacity of producing 2.5Mta of cement, he furthered. The company’s first plant, which also has a 2.5Mta capacity, was built at a cost of US$351m. However, the company is p... |
Indonesia: incumbents suffer as new entrants fight for market share04 April 2016, Published under Cement NewsCement prices in Indonesia are falling as newer firms attempt to win market share from the established players, state-owned Semen Indonesia, HeidelbergCement’s Indocement Tunggal Prakarsa and Holcim Indonesia. A report from Indonesia Investments notes that the entry of five new firms into the Indonesian market has led to production capacity rising above 100Mta, while demand is set to reach just 63Mt in 2016. This has led to heavy downward pressure on prices: a report by Trimegah Securi... |