Cement News tagged under: international
Optimism returns to US and wider markets18 December 2015, Published under Cement NewsThis week saw the first rise in US interest rates in seven years as the US Federal Reserve signalled its belief that the economy was getting back on its feet and that the financial recovery was gaining momentum. The renewed optimism for the US economy and the prospects for greater cement consumption in the coming year is based on a more vigorous uptake of construction and housing projects. The strength of the recovery is far from certain though and financial markets will need to see contin... |
US cement prices to see 8% growth in 201517 December 2015, Published under Cement NewsFollowing the Great Recession when US cement prices contracted for five years, they appear to be back in the lift. In 2013-14 domestic prices increased by five per cent YoY. In 2015, the rise is accelerating to eight per cent, according to analysts at IHS. The last time growth approached these levels was in 2005-06, when the price of cement advanced by 13 per cent. The reactivation of idled kilns, which is leading to expensive upgrades to comply with the latest NESHAP emissions rules, ... |
Fiji's construction sector is thriving17 December 2015, Published under Cement NewsConstruction activity continues to thrive as revealed by partial indicators of the Reserve Bank of Fiji. The central bank revealed that up to September 2015 domestic cement sales rose by 46 per cent (to 130,522t) YoY. In the first half of 2015, the total value of work put in place by the construction sector rose by10.9 per cent YoY to US$226.3m. This, according to RBF was in comparison with a growth of 24.4 per cent in the same period last year. Higher private (8.9 per cent) and public se... |
CMA consults on cement price announcement order16 December 2015, Published under Cement NewsThe Competition and Markets Authority (CMA) has said it is consulting on a further draft order to prohibit Great Britain cement suppliers from sending price announcement letters to their customers. The CMA consulted on the proposed order in September and following changes made as a result of responses received to the first consultation, is now consulting on an amended version. The order sets out that GB cement suppliers will be prohibited from sending generic price announcement letters... |
Peru's cement market contracts 4.8% in November16 December 2015, Published under Cement NewsCement dispatches in Peru fell 4.8 per cent YoY in November 2015, according to Asocem, the country’s cement association. Some 0.884Mt of cement was sold, down from 0.929Mt in November 2014. Total sales saw a 3.4 per cent drop to 0.923Mt. Output fell five per cent YoY from 0.973Mt to 0.924Mt in November 2015. |
Vietnam output up 10.3%, exports to miss target16 December 2015, Published under Cement NewsVietnam produced 61.2Mt of cement in the first 11 months of this year, up 10.3 per cent from the same period of last year, the government-run General Statistics Office said. The country's cement sales increased 10.2 per cent YoY to 6.5Mt in November. The Ministry of Construction predicted that Vietnam’s sales of cement and clinker to rise to between 72-74Mt this year. Domestic sales are expected to have risen 4.5-6.5 per cent to reach 53-54Mt, while exports will be betweem 19-20Mt. ... |
CIMAF to start up Rep Congo works in January16 December 2015, Published under Cement NewsJanuary 2016 will see the start of operations at CIMAF’s Hinda works in southern Republic of Congo, according to the country's Industrial Development and Private Sector Promotion Minister, Isidore Mvouba. He reported the construction work at the new plant is now finished and the 0.5Mta facility is now ready for its official inauguration by Congo's President, Denis Sassou Nguesso. |
Sika opens new mortar plant in Philadelphia, UK16 December 2015, Published under Cement NewsSika has opened a state-of-the-art new mortar products plant in North America. The new facility is an extension of Sika's existing concrete admixture plant, the capacity of which has also been increased. Christoph Ganz, Regional Manager North America: "We are continuing the expansion that has taken place in the past two years by investing in Sika’s growth drivers such as mortars. This means that we are expanding our supply chain, and in parallel our sales force and marketing efforts. The st... |
CPA: ONS construction figures highlight growth in private housing but sharp falls in public housing15 December 2015, Published under Cement NewsLatest figures from the UK’s Office of National Statistics (ONS) state that total construction output rose by 0.2 per cent in October compared with September and was one per cent higher than a year ago. The Construction Products Association (CPA) underlined that these figures, released on Friday, clearly highlight the rise in private housing and the sharp fall in public housing. Dr Noble Francis, Economics Director of the CPA, commented: “After the slowdown in construction activity in Q3, ... |
New Kazakhstan cement plant agreement signed15 December 2015, Published under Cement NewsHuaxin Cement Co of China has signed an agreement to invest US$150m in the construction of a 1Mta cement plant in the Aktobe region of Kazakhstan. The deal was signed by Berdybek Saparbayev, governor of the Aktobe region, and Xu Yongmo, chairman of the board of Huaxin Cement. The agreement was concluded during Kazakh Prime Minister Karim Massimov's official visit to China. Construction of the facility is expected to begin in mid-2016. The new plant will produce various cement types, incl... |