Cement News tagged under: international
Zuari Cement plans to increase Indian presence11 June 2015, Published under Cement NewsZuari Cement, part of the Italcementi Group, is looking to increase its presence in India ahead of an anticipated increase in domestic consumption. The company has plans to add another 1Mta to its current capacity of 6Mta by the end of the year. Speaking to Cnbc-TV18, Nabil Francis, MD-India, Zuari Cements said: “We have established a new site in Sholapur, so at the end of this year we will be over 7Mta as a capacity." On the outlook for cement demand growth in the country, Mr Francis s... |
Norm Sement plans to begin oil well cement production in 201611 June 2015, Published under Cement NewsAzerbaijan-based producer Norm Sement plans to start producing oil well cement from 2016 to reduce reliance on imports, Hasan Yalcinkaya, CEO of the company, said at a briefing yesterday. Yalcinkaya said the company is also preparing to export its products to the Caspian Sea countries. “Currently, we are considering the opportunities for exporting our products to Russia’s south regions, as well as to Kazakhstan and Turkmenistan” Trend News Agency quoted him as saying. The plant produced 54... |
CRH reportedly to take part in preliminary bidding for South Korean producer11 June 2015, Published under Cement NewsCRH announced it will take part in the preliminary bidding for Tongyang Cement scheduled on the 12 June after selecting Goldman Sachs as an underwriter, according to local press reports citing investment bank sources. Tongyang Cement was put on the market in early April after its parent group was liquidated. The 74.1-per cent stake held by Tongyang Corp. and Tongyang International is estimated at KWR400-600bn (US$360-540m) Tongyang Cement is ranked second on the domestic the cement market... |
Taiheiyo Cement's Singapore additions10 June 2015, Published under Cement NewsTaiheiyo Cement, which operates a cement terminal in Singapore through Singapore Cement Manufacturing (SCMC), a joint venture with Singapore-based Hong Leong Asia Ltd, announced the completion of a new 24,000t cement silo at SCMC's cement terminal. Infrastructure investment, including subway and highway construction, is driving the robust cement market in Singapore and fueling demand for low-heat-type cement as a way to prevent thermal cracking in concrete structures with large cross-sect... |
Mechel signs memorandum with Jidong Cement10 June 2015, Published under Cement NewsRussian mining and metals company Mechel ОАО signed a coal supply memorandum with Chinese cement producer Jidong Cement. According to the signed memorandum, Mechel is due to supply 1Mt of steam coal produced at Neryungrinsky and Elga open pits to Jidong Cement between April 2015 and March 2016. The price and exact volume of the supplies will be determined on a monthly basis. The sides also agreed to consider expanding further their cooperation into supplies of metallurgical coals to Jidon... |
Spanish regulator expands cartel probe10 June 2015, Published under Cement NewsSpanish competition watchdog, CNMC, has expanded its probe into concrete and cement producers on alleged cartel agreements. The regulator carried out inspections at the headquarters of concrete and cement makers on 27 and 28 May as part of the probe on 14 sector players, the CNMC said in a statement. The regulator said it has 18 months to decide whether it will impose a fine on the companies and reminded that the investigation on potential cartel agreements is among its priorities, econo... |
Slovenia: Lafarge to appeal Environment Agency decision10 June 2015, Published under Cement NewsLafargeCement plans to appeal the decision by Slovenia's Environment Agency which rejected its request for an integrated pollution prevention and control permit for its plant close to Trbovlje. The company said Tuesday its request was rejected on a formality and that it had had supplemented its filing with all requisite documents, including the project documentation and an environmental impact report. The statement comes a week after the Environment Agency rejected the application, ... |
Pakistan increases duty on imported cement09 June 2015, Published under Cement NewsPakistan's Finance Minister, Ishaq Dar, has proposed a number of measures under Budget FY15-16 that will have a direct and indirect impact on the cement industry and which are likely to help increase demand in the country. The proposals include an increase in the duty on imported cement, rationalisation of the tax structure for the cement industry and housing development, a significant rise in spending under the government's Public Sector Development Programme (PSDP), a five-year tax holi... |
Polish cement production up 2.9 per cent YoY09 June 2015, Published under Cement NewsCement production in Poland increased by 2.9 per cent YoY to 1.62Mt in May, according to the country's cement association, SPC. Year-to-date production increased by 1.5 per cent YoY to 5.64Mt. |
Kenya cement prices seen rising on weak shilling09 June 2015, Published under Cement NewsCement prices in Kenya are likely to rise due to a weak shilling which manufacturers say has increased spending on imported equipment and inputs, local press report. Cliinker, coal and spare parts are the most affected due to high importation costs in the past two months. "In May alone we lost KES160m in foreign exchange loss during the purchase of equipment and inputs. We might adjust prices in June because we are losing a lot," National Cement managing director Narendra Raval told ... |