Cement News tagged under: international
Lucky considers increasing northern exposure12 October 2015, Published under Cement NewsLucky Cement plans to build a new cement plant in the north region of the country to meet growing demand, a senior company official said on Friday. "Yes, we have planned to set up a plant in the north [of the country], News International quoted the company's CEO Muhammad Ali Tabba, as saying. "Our next board of directors meeting is scheduled at end of October and we would take up the plan there for approval," he added. Lucky Cement would release all relevant financial and other information... |
Vicem Hoang Mai Cement plans new plant, Vietnam12 October 2015, Published under Cement NewsVicem Hoang Mai Cement JSC has announced plans to build a cement factory at an estimated cost of VND10.8trn (US$480m) in the central Vietnam province of Nghe An. The Hoang Mai Cement 2 factory will be constructed in the 2016-20 period in two phases, providing more than 2Mta of cement after the completion of each phase. The plant will serve the central region as well as export markets. |
Dominican Republic: Cemex introduces social and business programme12 October 2015, Published under Cement NewsCemex has introduced its inclusive social and business programme portfolio in the Dominican Republic in order to improve access to housing, employment, construction and assisted self-construction activities, among other initiatives. Global inclusive business manager Dulce Alejandre Mora stated that Cemex's Patrimonio Hoy scheme provides affordable and comprehensive solutions for the construction and improvement of housing for low-income families by offering an interest-free savings and lo... |
Pakistan: August export volumes and revenue down YoY09 October 2015, Published under Cement NewsPakistan exported 558,049t of cement on revenues of US$32.08m in August 2015, down 42.88 and 44.36 per cent in terms of volume and revenue on a YoY basis, according to the country's Bureau of of Statistics. Compared to July 2014, volumes rose by 18.88 per cent and revenues increased by 16.54 per cent. Exports over the first two months of the current fiscal (beginning in July 2015) to Afghanistan declined by 18.24 per cent to 394,500t YoY. Export to India over the July-August 2015 period... |
Saudi Arabia: Qassim Cement sees 6% rise in 3Q profit09 October 2015, Published under Cement NewsSaudi-based producer Qassim Cement reported a six per cent rise in third-quarter profit to SAR115m (US$30.7m), versus SAR109m in the same quarter of last year, according to a bourse filling. For the first nine months of this year, net profit reached SAR445m, up four per cent from the SAR429m recorded in the the corresponding period of 2014. The rise in profit is attributed higher sales both in terms of volume and revenue. |
Vietnam may fall short of full-year export target09 October 2015, Published under Cement NewsVietnam’s cement sector is unlikely to fulfill this year’s export target of over 20Mt of cement and clinker, the Vietnam National Cement Association (VNCA) said. Cement and clinker producers in the country will likely export between 15-16Mt by year end, versus 20.5Mt in 2014, the Xay Dung online newspaper cited the association as saying Wednesday. In the first nine months of this year, the sector exported nearly 12Mt of cement and clinker worth US$520m, down 26 and 27 per cent in volume an... |
Preliminary Pakistan data indicates September sales decline08 October 2015, Published under Cement NewsTotal cement industry dispatches in the month of September 2015 have decreased by eight per cent YoY, dragged down by a steep fall in exports, according to provisional cement sales figures. The data from an InvestCap Research report, published in The Express Tribune (Pakistan), indicated that sales were down to 2.9Mt versus 3.2Mt in September 2014. Compared to August 2015, September sales were down five per cent MoM. Demand in the domestic market continued to increase thanks to advances ... |
Aalborg welcomes decision to phase out NOx tax08 October 2015, Published under Cement NewsFollowing Denmark's Budget 2016 announcement, domestic cement producer Aalborg Portland has “warmly” welcomed the government's decision to phase out the NOx tax from 1 July 2016. “It is indeed very good news and a very positive message for us as energy-intensive business that the Government proposes a removal of a Danish special fee which none of our competitors are subject to. It is a strong signal that the Government has confidence in the investment climate in the energy-intensive produc... |
HSBC lowers China Resources Cement target price08 October 2015, Published under Cement NewsHSBC Global Research lowered its target price for China Resources Cement to HKD4.30 from HKD4.40 and maintained its "hold" rating. CRC recently said that based on the preliminary assessment of the group’s unaudited consolidated management accounts for the nine months ended 30 September 2015, attributable profit during the period is expected to "significantly decrease" as compared with that of 9M14. The decline is primarily attributable to lower selling prices of cement and clinker in ... |
Thai 3Q consumption likely to be flat - report07 October 2015, Published under Cement NewsCement consumption in Thailand is likely to be rather flat in 3Q15 and 9M15, according to a report by Bualuang Securities focussed on domestic cement major Siam Cement Co (SCC). Last week, the research house accompanied SCC's management and IR team to meet investors in Germany, Switzerland and France. The information gathered during the non-deal roadshow (NDR) gave Bualuang a clearer picture of SCC's long-term growth profile. Regarding SCC's Cement-Building Materials (CBM) business, Bual... |