Cement News tagged under: international
Dangote inaugurates Ethiopian cement plant05 June 2015, Published under Cement NewsDangote Cement has inaugurated its US$480m integrated cement works in Ethiopia in the presence of Prime Minister Hailemariam Desalegn. The new facility has a capacity of 2.5Mta and is located in West Shewa Zone, near Muger town of Oromiya Regional State, about 85km from the capital Addis Ababa. During the inauguration ceremony yesterday, Aliko Dangote, owner of the Dangote Group, said: "The ease of investing in Ethiopia proves the enduring political stability in the country and a favourable... |
RAM reaffirms Lafarge Malaysia ratings on strong business and financial profile05 June 2015, Published under Cement NewsRAM Rating Services has reaffirmed the ratings of Lafarge Malaysia Bhd’s debt notes based on the strong business and financial profile. The ratings agency had on Thursday reaffirmed the AA2/Stable/P1 ratings of the group’s MYR350m Islamic securities programme (2010/2017). “The ratings are premised on Lafarge Malaysia’s strong business and financial profile. The group is the leading producer of cement in Malaysia, whose annual production capacity of almost 13Mt accounts for about 40 per... |
India to auction 10 coal blocks05 June 2015, Published under Cement NewsThe government of India said Thursday it will auction 10 coal blocks with extractable reserves of 356Mt to cement and steel companies. The auction process will begin on 8 June with the government notifying the blocks for different sectors. Bid documents for the blocks will be on sale from that day. The government will invite technical and financial bids for the mines and the last date for submission of the documents will be 21 July. The auction will take place between 11-17 August 2015.... |
PCA: 'global cement consumption on the rise'04 June 2015, Published under Cement NewsGlobal cement consumption is expected to grow through 2015 and 2016, with North America leading recent gains in the developed world, according to a report released by the Portland Cement Association (PCA). According to forecasts by the association, cement consumption among developed economies increased by roughly 9.2Mt in 2014, followed by another 9Mt increase in 2015. "Most of the gains in developed world cement consumption is attributed to North America," said Edward J Sullivan, chief ec... |
Siam City Cement announces INSEE Alliance04 June 2015, Published under Cement NewsSiam City Cement (SCCC) this week announced one of Thailand's first industry-wide distribution channels and marketing collaborations in the building material sector with 11 other leading producers of construction materials to offer a " complete range of quality solutions' . The 'INSEE Alliance', which include companies producing structures, roofing, walls, flooring, and decorative materials will bundle their product offerings to project developers and modern-trade stores. Siva Mahasandana,... |
US monthly shipments ahead, imports up 66%04 June 2015, Published under Cement NewsPortland and blended cement shipments in the US and Puerto Rico in March 2015 rose by 3.5 per cent YoY to 6.3Mt, latest data from the US Geological Survey (USGS) show. Shipments for the year through March totalled 16.4Mt, up by 5.7 per cent from the same period of 2014. The leading producing states for Portland and blended cement in March were California, Texas, Missouri, Florida and Alabama, in descending order. The leading consuming states (Texas, California, Florida, Georgia and Arizona,... |
Savannah welcomes new presidential directive04 June 2015, Published under Cement NewsKenya's Savannah Cement has welcomed a presidential directive, seeking to ensure that public institutions source 40 per cent of their requirements from local manufacturers, saying that the move has the "capacity to accelerate the growth of local industries." Issued as part of President Uhuru Kenyatta's 52nd Madaraka Day national address, the directive is geared towards fostering a buy 'Kenya build Kenya' culture by all public sector institutions. President Kenyatta of Kenya said the govern... |
Ramco boosted by cost control, stable pricing04 June 2015, Published under Cement NewsIndia-based Ramco Cements reported a 274 per cent rise in 4QFY14-15 net profit to INR934.2m (US$14.6m) on better cost management and stable cement prices. Revenues for the three months to the end of March 2015 edged ahead by 1.2 per cent to US$156m but sales volumes fell 16.4 per cent to 1.88Mt (2.25Mt a year earlier). For the fiscal year that ended on 31 March 2015, Ramco Cements achieved a profit of US$37.9m, a rise of 76 per cent and a revenue of US$584m. Cement sales totalled 7.67M... |
Vietnamese producer targets new export markets04 June 2015, Published under Cement NewsLa Hien Cement JSC, a subsidiary of the Vietnam National Coal Mineral Industries Group (Vinacomin), is seeking new export markets in Asia and Africa, an executive of the company said. According to Nguyen Van Dung, Director of the La Hien JSC, the company will seek new markets while securing its traditional markets including Thai Nguyen, Bac Kan and Lang Son provinces, the Vietnam News Agency reported. The company aims to ship its clinker to Bangladesh, the Philippines and a number of natio... |
Pakistan: hopes of FY15-16 budget boost03 June 2015, Published under Cement NewsThe Pakistan cement industry has submitted a number of proposals to the government ahead of Budget FY15-16. The All Pakistan Cement Manufacturers’ Association has proposed a review of the Federal Excise Duty (FED), Sales Tax, import duty on coal, duties on waste and scrap tyres, duties on Iranian cement and an increase in the allocation of funds under the government's Public Sector Development Programme (PSDP). The industry body argues that the rationalisation of taxes should help ce... |