Cement News tagged under: international
Moroccan cement sales dip 0.45% in Feb 201518 March 2015, Published under Cement NewsAfter registering a 5.61 per cent advance in domestic cement consumption in January 2015, Morocco’s cement market slipped 0.45 per cent to 1.137Mt in February, according to the Ministry of Habitation. For the first two months of the year, cement deliveries increased 2.42 per cent YoY to 2.22Mt. Despite lower sales figures in February, cement producers expect their deliveries to stabilise in 2015. |
Joint-venture agreement signed for new Nepalese plant18 March 2015, Published under Cement NewsChina’s Hongshi Holdings Group on Tuesday signed a joint-venture (JV) agreement with Shivam Holdings Nepal to set up a NPR30bn (US$297m) cement factory. Hongshi Holdings will invest NPR21bn (70 per cent) in the project while the Nepali partner will inject NPR9bn. The JV will be named Hongshi-Shivam Cement Private Limited. An agreement to this effect was signed by Vishwonath Goel, chairman of Shivam Holdings, and Xu Youyuan, executive vice-president of Hongshi Holdings, in Kathmandu on ... |
Fitch expects negative impact on Lafarge credit profile if Holcim merger fails18 March 2015, Published under Cement NewsA failure of the proposed merger between Lafarge and Swiss Holcim would have negative effect on the credit profile of the French company, Fitch said. According to the rating agency, a collapse of the merger would be credit neutral for Holcim and positive for the credit profile of Irish rival CRH because its commitment to acquire assets from the two companies hinges on the deal’s completion. The rating agency believes the merger would come to a successful ending despite Holcim’s decisio... |
PCA cautions on proposed EPA ozone regulations18 March 2015, Published under Cement NewsThe Environmental Protection Agency's (EPA) proposal to further tighten ozone standards could result in the loss of more than 45,000 construction jobs each year, slow the nation's economy, and impede vital infrastructure investments, the PCA cautions in a recent note. In comments filed to the EPA on Tuesday, March 17, PCA estimates that the cement industry alone would have compliance costs and plant closures that could lead to the loss of nearly 900 jobs. Cement manufacturing jobs are highl... |
Indonesian monthly consumption down 6.2%17 March 2015, Published under Cement NewsIndonesian cement consumption during February 2015 fell by 6.2 per cent YoY to 4.2Mt, latest data from the Indonesia Cement Association (ASI) shows. For the first two months of the year, demand declined by 1.2 per cent YoY to 9.07Mt. Consumption was down in the main market of Java by 1.3 per cent, while reductions were also seen in Sumatra (-7.7 per cent) and Sulwesi (-6.3 per cent). Increases were recorded in Kalimantan (+6.8 per cent) and Nusa Tenggara Timur (+5.5 per cent). The slow... |
Peru cement sales fall 4.9% in Feb 201517 March 2015, Published under Cement NewsPeru’s cement market contracted by 4.9 per cent YoY as dispatches fell from 816,000t to 775,000t in February 2015, according to Asocem, the country’s cement association. In January, cement dispatches increased 1.7 per cent. "This is mainly due to climatic factors, low public spending, weak private investment and low trust in the government. As in January, heavy rains during February in the highlands and jungle witnessed, "said the cement association. Public expenditure fell 23 per cen... |
Cherat’s first-half boosted by domestic deliveries17 March 2015, Published under Cement NewsCherat’s Cement’s domestic sales increased by 10 per cent during the first half of the current Pakistan fiscal boosted by strong construction activity. Total dispatches over the period rose by four per cent, as exports to Afghanistan declined by six per cent. Turnover increased by four per cent. During the six months under review, production costs escalated mainly due to significant upward revision in electricity tariff, and imposition of fuel price adjustment levy. However, improved liqu... |
IDA to propose 12 licences in Upper Egypt17 March 2015, Published under Cement NewsThe Industrial Developmental Authority (IDA) is set to propose 12 new cement licences in several Upper Egypt governorates this year, according to its chairman. The IDA is also working on preparing new mechanisms and regulations for proposing cement licences, before submitting them to Prime Minister Ibrahim Mehleb within 10 days. Mehleb will approve them as soon as possible, said Ismail Gaber, Chairman of IDA, told Daily News Egypt on the sidelines of the Economic Summit in Sharm El Sheikh. ... |
Indian joint venture on the cards?17 March 2015, Published under Cement NewsThe Jaypee Group is in talks with HeidelbergCement and JSW Cement, to form a joint venture which will control the majority of its cement plants as part of an ongoing exercise to reduce debt, the Economic Times of India reports. The plan envisages a separate joint venture entity which will house around 20-22Mta of Jaypee’s operational units spread across Uttar Pradesh, Himachal, Uttarakhand, Andhra Pradesh, Chattisgarh and a new greenfield unit in Karnataka, which is expected to come on-stre... |
Asia will drive cement growth, says Italcementi chief executive16 March 2015, Published under Cement NewsItalcementi Group foresees stronger growth of 2-3 per cent this year, with the key driver being Asia, backed by economic recoveries in the European Union and North America. Given the expected stronger growth, the group plans to expand its businesses to African countries such as Mozambique, Ghana and Tanzania, CEO Carlo Pesenti said during an interview with The Nation last week. "The company foresees better performance in Asia, including Thailand, with revenue for the continent projected to ... |