Cement News tagged under: international
Ha Tien 1 Cement seeks Indonesian coal import approval24 March 2015, Published under Cement NewsVietnamese producer Ha Tien 1 Cement JSC (HT1) is seeking government approval to import coal from Indonesia for cement production as the market price has fallen sharply along with the drop in crude oil prices. At present, HT1 is buying coal from Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) at US$100/t. Meanwhile, the coal price in Indonesia is US$52/t FOB. Analysts noted that if Ha Tien 1 can import 25% of total coal it needs for production, it would be a... |
Argentina’s February cement deliveries up 13% YoY23 March 2015, Published under Cement NewsTotal cement dispatches (including exports) from Argentina’s cement producers fell five per cent MoM in February, but rose 11.8 per cent YoY to 897,299t, according to cement association AFCP. Domestic deliveries reached 885,296t, down 4.6 per cent MoM but up 12.9 per cent YoY. Argentina imported 273t of cement in February, higher than the 227t reported for January. Exports fell 26 per cent from 16,589t in January to 12,276t one month later. YoY the drop was more marked at 34.2 per cent... |
Bangladesh, Indonesia and Taiwan top Vietnamese importers23 March 2015, Published under Cement NewsBangladesh, Indonesia and Taiwan were the top importers of Vietnamese clinker and cement in the first two months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 1.12Mt of cement worth US$43.19m from Vietnam in the period, while Indonesia came second with 559,188t worth US$27.2m and Taiwan ranked third with 170,296t worth US$7.39m. Next in line were the Philippines followed with 157,200t worth US$6.17m, and Laos with 59,255t wort... |
Eurocement-Ukraine net loss widens23 March 2015, Published under Cement NewsEurocement-Ukraine (Kharkiv region) reported loss of UAH258.279m (US$10.3m) for 2014 compared to a loss of UAH 21.1m the year before. Ukrainian News reported that as at late 2014, the assets of the company made up UAH840.956m, receivables – UAH 159.678m, and current liabilities – UAH528.563m. |
KHD closes 2014 with EBIT advance20 March 2015, Published under Cement NewsKHD Humboldt Wedag International AG (KHD) reported EBIT of EUR 1.1m in the 2014 financial year, despite slightly lower revenue. The German equipment manufacture yesterday said its order intake for the year fell to EUR101.3m due to the “continued slow investment in the cement industry and the corresponding delays in awarding new orders.” The drop in revenue of 3.8 per cent to EUR240.2m is connected with the lower order backlog at the beginning of 2014. However, its Parts & Services business... |
JSW may shelve Gulbarga investment, India20 March 2015, Published under Cement NewsJSW Cement planning to shelve its plan to set up a 3Mta clinker plant at Chittapur in Gulbarga, Karnataka district, temporarily as the company's short-term goal is to ensure that its Andhra Pradesh plant reaches full capacity, the Times of India (TOI) reported citing a senior company official. JSW Cement currently runs three plants Nandyal unit (4.8Mta) in Andhra Pradesh, Vijayanagar unit (0.7Mta) in Karnataka and Dolvi unit (0.7Mta) in Maharashtra. While its Vijayanagar and Dolvi pla... |
Spain: February consumption up 8%19 March 2015, Published under Cement NewsSpain’s demand for cement increased 8.3 per cent in February to 810,104t, when compared with February 2014, according to Oficemen, the country’s cement association. For the first two months of 2015, consumption advanced 6.6 per cent YoY to 1.6Mt. However, Oficemen CEO, Aniceto Zaragoza, highlights that more needs to be done to consolidate growth. "In continuing this trend, it will take more than a decade to just reach half of cement consumption recorded in 2007. We believe it is necess... |
Sri Lanka: Tokyo Cement plans expansion project19 March 2015, Published under Cement NewsSri Lanka-based Tokyo Cement plans to invest US$50m on a capacity expansion of 1Mta to help cater for local demand requirements. The group has already formed a new subsidiary under the name of Tokyo Eastern Cement for the implementation of the project over the next two financial years. The project will receive a tax holiday of five years, and therefore a tax rate of 12 per cent. The company proposes to finance the project with internal funds and loans. During FY13-14, the group’s revenue ... |
Vietnam: Hoang Phat Vissai Group receives loan for project development19 March 2015, Published under Cement NewsThe Bank for Investment and Development of Vietnam (BIDV) has agreed to lend Hoang Phat Vissai Group VND6.3trn (US$296m) to to develop the Song Lam cement plant in the central province of Nghe An. The plant, which is being transformed from the Do Luong cement plant, is located in Bai Son commune, Do Luong district and has a production capacity of 18,000tpd of clinker. The first phase will last from 2015-17 with two production lines with a combined capacity of 12,000tpd and the second phase... |
Saudi calls for lift of export ban to supply Egypt19 March 2015, Published under Cement NewsSaudi Arabia’s cement producers have again asked the government to lift a three-year-old ban on their exports so they can supply Egypt with 6Mt of cement, according to Jihad Al-Rasheed, chairman of the national cement committee in the council of Saudi chambers of commerce and industry. “We are ready to export 6Mt of our cement surplus to Egypt following the signing of large contracts between that country and global companies this week,” Mr Al-Rasheed told the Saudi Arabic language daily Al... |