Cement News tagged under: international
Egypt: Beni Suef Cement starts SRC production15 December 2015, Published under Cement NewsBeni Suef Cement has started to produce sulphate-resistant cement (SRC) for use in tunnels and other special projects. The Egyptian cement producer is aiming to boost sales by selling 200,000t of this new product in 2016, in addition to sales of ordinary Portland cement. |
BofAML forecasts 2H16 oil price recovery; downside risks prevail as OPEC meeting ends in acrimony14 December 2015, Published under Cement NewsBrent crude oil prices are expected see a recovery in the second half of next year, leading to average price of US$50/bbl in 2016, according to Bank of America Merrill Lynch (BofAML). However, the "deep sense of acrimony" that emerged from last Friday's OPEC meeting creates downside risks to BofAML's 2016 pricing assumptions, it cautions. BofAML highlighted that its expectations for next year "embed rational economic behaviour." The forecasts include relatively robust global oil demand grow... |
US October shipment update – preliminary data14 December 2015, Published under Cement NewsPortland and blended cement shipments in the US and Puerto Rico amounted to 9.32Mt in October, according to preliminary data by the US Geological Survey (USGS). Of the total, imports accounted for 1.027Mt of shipments. Over the first 10 months of the year, shipments reached 77.49Mt, including 8.06Mt of imports. Clinker production in October is reported to be 6.88Mt, and for the year to date amounted to 62.82Mt. |
PCA: FAST Act set to increase cement usage throughout the five-year program11 December 2015, Published under Cement NewsWith the passage of a five-year federal transportation bill, cement manufacturers will see a rise in consumption, according to the Portland Cement Association (PCA). The Fixing America’s Surface Transportation (FAST) Act will provide more than US$305bn to maintain and improve the nation’s surface transportation. Cement consumption's largest impact will focus on authorisations from the Federal Highway Administration (FHWA). “FAST represents an average addition of 835,000t to the cement ind... |
Kenyan output and demand growth slows11 December 2015, Published under Cement NewsDuring the first 10 month of the year, Kenyan cement manufacturers increased output by 10.58 per cent YoY, The Star (Kenya) reported citing latest provisional data by the Kenya National Bureau of Statistics (KNBS). This is a slower pace of growth compared to 15.59 per cent in a similar period last year. In the period under review, 5.33Mt of cement were produced, a modest growth over the 4.82Mt recorded in 10M14. The highest monthly production this year was recorded in July at 570,904t, but... |
Fitch Ratings: Latin America cement sector outlook stable, ratings negative10 December 2015, Published under Cement NewsIn its new report on the 2016 outlook for the Latin American cement sector, Fitch Ratings said the outlook for the regional cement sector is stable in 2016, however, the outlook on ratings is negative for next year. Further weakening sales volumes in Brazil are expected to be only slightly offset by stable demand growth in countries such as Colombia, Mexico, and Peru, according to Fitch Ratings. "Brazilian cement volumes will likely decline in the high single digits as lower investment a... |
SCG sets sights on Vietnam expansion10 December 2015, Published under Cement NewsThailand’s Siam Cement Group (SCG) is seeking to enlarge the production of building materials in Vietnam as part of its plan to expand operation to overseas markets. SCG aims to have its cement and building material production in Vietnam grow 40 per cent a year while the chemical and package sectors will grow by 40 and 20 per cent annually, respectively, said Dhep Vongvanich, executive director for SCG in Vietnam. The group expected to have attention from the Vietnamese government and the ... |
Hail Cement Co to halt kiln line for annual maintenance, Saudi Arabia10 December 2015, Published under Cement NewsHail Cement Co said it will shut down its production line for the annual maintenance of the kiln and raw mill for the period 8-19 December. The relevant impact will appear in the financial statements of the fourth quarter of 2015, while the cement mill and packing line will be in operation. Accordingly, the company's commitment towards its customers will not be impacted. |
Cemex planning another price rise in Mexico09 December 2015, Published under Cement NewsCemex plans to increase prices for bulk cement in Mexico starting January 2016, according to local media. Reforma reported that a letter was sent by Cemex to its customers in November to inform them of the pending hike. JP Morgan has noted that Cemex had raised prices by 21 per cent over FY-2015 which resulted in a decline in the company’s market share as peers had raised prices to a much lower extent. In the research house's view, this is likely to result in continued volume improvement ... |
Malaysia: CMS Cement to raise prices09 December 2015, Published under Cement NewsCMS Cement Sdn Bhd, a subsidiary of Cahya Mata Sarawak Bhd, announced that it will raise its cement price by an average of 4.6 per cent, effective 1 January 2016, due to the depreciation of the ringgit. In a statement issued on Tuesday, CMS said it will increase the prices to maintain the quality of its cement manufacturing and supply businesses, among others. It added that the sustained depreciation of the ringgit since January 2015 had created an unprecedented increase in the cost ... |