Cement News tagged under: international
Talks to recommence operations at the KKS factory, Sri Lanka17 August 2015, Published under Cement NewsWorking Director of Sri Lanka Cement Corporation (SLCC) and Lanka Cement Plc, Reyyaz Salley, has been in talks with the Chief Minister of the Northern Provincial Council, Wigenswaran, regarding recommencing operations at the Kankasanthurai (KKS) cement factory. SLCC is currently in the process of compiling a proposal to restart the factory which is 90 per cent complete. Once the country's general election is over, the completed proposal will be submitted to the President to request per... |
Indonesia: cement demand declines Jan-Jul 201514 August 2015, Published under Cement NewsSlowing property and infrastructure development in southeast Asia’s largest economy caused a drop in cement sales from January to July 2015. Domestic cement sales fell 4.1 per cent to 31.3Mt from the same period last year, according to Indonesia Investments. Apart from the stuttering economy (which slowed to a six-year low in the second quarter of 2015), the month of July also saw the Idul Fitri celebrations when business traditionally comes to a near-standstill. In the country’s largest c... |
USA: Lehigh Cement silos make way for new riverfront14 August 2015, Published under Cement NewsA group of Lehigh Cement silos on Richmond’s riverfront in Virginia were demolished on Wednesday afternoon. The silos on Wharf Street were being removed to make way for a paved pedestrian and bicycle trail to connect the Commonwealth’s past and present capitals of Jamestown and Richmond over 52 miles. The cement silo demolition is a key milestone in the implementation of the city’s riverfront plan. The demolition is expected to be complete by the end of the month and will cost about US$740,... |
Tanzania: government pledges support13 August 2015, Published under Cement NewsLocal producers in Tanzania are being asked by the government to supply them with information on their production costs to make it easier for them to act on their complaints. Domestic cement producers are complaining of an unlevelled playing field due to cheap imports which, they say, were distorting the market. While the government is keen to find solutions for the cement producers including aid to help them reduce costs and fight off imports, it says cement producers have not been helpful... |
Egypt to postpone the issue of new licences12 August 2015, Published under Cement NewsEgypt’s General Authority for Industrial Development announced it will postpone the issuing of licences to establish new cement factories to review the cement market in Egypt, according to a report in the Egypt Independent. The authority was planning to issue between 12-14 licences for cement factories during the current fiscal year. Each factory was to produce 1.5Mta in different governorates. Due to the recession in domestic and global markets, and an increase in the untapped potential... |
Moody's raises LafargeHolcim outlook to "stable"12 August 2015, Published under Cement NewsRatings agency Moody's Monday raised the outlook on the long-term and short-term credit ratings of the merged cement group LafargeHolcim to "stable" from previously "negative". The long-term Baa2 rating and the short-term Prime-2 rating were affirmed. Moody's said the ratings action was prompted by the successful completion of the merger process and the EUR6.5bn the merged company received from the sale of assets to CRH. The "stable" outlook reflects the agency's expectations that La... |
Pakistan monthly sales ahead despite heavy rains12 August 2015, Published under Cement NewsPakistan’s domestic cement dispatches increased by 4.19 per cent in July 2015 to 1.8Mt. Exports, however, declined by 7.45 per cent to 465,000t. Total cement dispatches during the first month of the current fiscal year reached 2.26Mt, a slight increase of 1.56 per cent YoY. The increase in domestic sales was achieved despite heavy rains that affected construction activity in many parts of the country. Dispatches in the North Zone reached 1.52Mt from 1.42Mt a year earlier. However, ... |
Iran nuclear deals may affect cement exports from Pakistan11 August 2015, Published under Cement NewsPakistan exporters and brokerage houses have shown mixed reactions on Iran's nuclear deal with major world powers, with some expecting Pakistan’s cement exports to decline after the lifting of sanctions on Iran. “I think the drop in Pakistani cement exports may range between 10 and 15 per cent after December 2015,” an official of a leading cement maker told local media. An analyst at KASB Securities said the removal of sanctions on Iran will not aggravate current competition situation in... |
Conch reportedly planning Russian investment11 August 2015, Published under Cement NewsAnhui Conch Cement Co of China is planning to build a 2Mta a cement plant in the Ulyanovsk region of Russia, local press report. The estimated investment in the project is US$300m, according to Esmerk Russian News. |
Zambian prices expected to come down11 August 2015, Published under Cement NewsCement prices in Zambia are expected to drop further with new capacity investments being lined up, according to the country's Commerce, Trade and Industry Permanent Secretary, Siazongo Siakalenge. Mr Siakalenge said two Chinese investors, namely, Jidong Development Group and Sino Construction Limited, had expressed interest in setting up two cement plants in Lusaka and Ndola, respectively. "Government signed a Memorandum of Understanding (MoU) with the two companies in China in April thi... |