Cement News tagged under: international
PCA forecasts growth trend to continue, imports to increase rapidly14 April 2015, Published under Cement NewsUS cement consumption will continue its growth trend in 2015, with cement and clinker imports forecast to grow rapidly in 2017 and beyond, according to the Portland Cement Association (PCA). During the 2015 PCA Spring Meeting, PCA chief economist and Group VP Edward J Sullivan projected that total cement consumption would increase by 7.5 per cent from last year, and continue to grow in 2016 by 7.9 per cent. "The forecast indicates that the healing in the US economy has taken place," said M... |
Savanna Diamond Cement launches new Ghana plant14 April 2015, Published under Cement NewsSavanna Diamond Cement Co Ltd (SDCL) launched operations of its 0.44Mta cement factory in Buipe, in the northern region of Ghana. The new US$90m project was officially inaugurated by President John Mahama of Ghana. SDCL's new 0.44Mta integrated factory is officially launched in the presence of President John Mahama of Ghana. (Picture source: Flickr) The SDCL plant is a fully integrated process, using limestone mined in Buipe. It is served through a partnership with GRIDCo b... |
National Cement plans expansion into Uganda14 April 2015, Published under Cement NewsNational Cement, which currently operates a grinding plant in Kenya, plans to invest KES18.5bn (US$199m) in a new factory in Uganda, according to local news reports. The new plant marks the company's first foray into Uganda, and its first venture outside Kenya. With a capacity of 1Mta, the new cement facility is expected to be completed by the end of next year, the report by Ventures Africa states. In its home market of Kenya, National Cement operates a 0.35Mta grinding works in Athi Rive... |
Semen Padang posts 1Q sales decline, Indonesia14 April 2015, Published under Cement NewsPT Semen Padang, part of the Semen Indonesia group of companies, reported a 6.8 per cent decrease in sales volumes in the first quarter of this year to 1.5Mt. "The poor sales of cement were attributed to the sluggish domestic demand," said Semen Padang president director Benny Wendry told local press on Monday. However, the company does not intend to rein in production levels and maintains its target of 7.6Mt, according to Wendry. It plans to offset the slump in domestic sales by stepping... |
Indonesia first-quarter sales down 3.2%13 April 2015, Published under Cement NewsIndonesian cement consumption fell by 3.2 per cent YoY in the January-March period, latest figures from the Indonesia Cement Association (ASI) show. Over the first three months of the year, consumption dropped to 13.63Mt compared to 14.08Mt in 1Q14. Year to date consumption was down in Java (-1.3 per cent), Sumatra (-3.9 per cent), Sulawesi (-2.5 per cent), Kalimantan (-1.4 per cent) and Nusa Tenggara Timur (-6.5 per cent). However, a gain was recorded in Malukus and Irian Jaya (+7.7 per ce... |
Nomura expects Indian demand recovery in FY1613 April 2015, Published under Cement NewsNomura expects Indian cement companies to see demand recover in the current fiscal year, after a weak ending to fiscal 2015 in March. The broker expects Indian cement companies' revenues and operating profit to stay flat for the January-March period, owing to falling volumes. Cement volumes fell by about five per cent YoY during that period – the weakest in any quarter in the past couple of years, says the broker. However, going into fiscal 2016, which began in April, Nomura expects ceme... |
Mumbai Port Trust allots land for cement handling terminal13 April 2015, Published under Cement NewsThe Mumbai Port Trust has allocated allotted 25,000m2 of land at Petroleum Godown to UltraTech Cement for 30 years, to build a fully-automated cement handling terminal. The terminal will be used to ship in cement in from other states and distributed to users across the city, according to trust chairman and managing director Ravi Parmar. The facility will be equipped with portable unloaders, 30,000t silos, bagging facilities and other ancillary facilities and is estimated to cost about US$16... |
French cement demand hits 50-year low10 April 2015, Published under Cement NewsCement consumption in France fell a further 5.5 per cent to 18.2Mt in 2014, a level not seen since 1964, according to SFIC, the French cement association. In addition, the latest figures indicate that the downward trend is continuing. In 1Q15, demand decreased 10 per cent when compared with 1Q14. For the full-year 2015, the association forecasts consumption to contract by 3.5 per cent YoY to 17.5Mt. Meanwhile, the outlook for the construction industry remains mixed. While housebuildin... |
GCC expects declining growth on low oil prices10 April 2015, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) expects sales growth to decline this year after record revenue last year as low oil prices constrict demand in the United States, the company's top market. GCC Treasurer Luis Carlos Arias told Reuters in an interview that after a nearly 20 per cent sales spike in 2014, the company projects only single digit growth in the US, which accounts for about 70 per cent of total sales. Demand in Mexico is expected to fall slightly, he said. |
Saudi cement sales see annual gains09 April 2015, Published under Cement NewsSaudi cement sales for the month of February 2015 were 6.5 per cent higher than in February 2013 and 9.7 per cent higher than February 2014 when the market was impacted by a labour shortage caused by a government immigration crackdown, according to new research from NCB Capital. Sales were 3.3 per cent lower than in January 2015, but this was due to the shorter working month. NCB Capital said the increase was led by smaller players in the market like Najran Cement and Aljouf, who are co... |