Cement News tagged under: international
Pacasmayo expects 5% sales rise in 201525 February 2015, Published under Cement NewsPeru’s Cementos Pacasmayo is positive about the year ahead as it expects sales to rise by five per cent. The company’s general manager, Humberto Nadal del Carpio, attributes the increase to the development of several construction projects in the Latin American country. In the north of the country, the Talara refinery, the northern highway and regional projects are predicted to require around 0.5Mt of cement over the next 2-3 years. In addition, around US$90bn of infrastructure projects wil... |
KORFEZ awarded Italcementi project in France25 February 2015, Published under Cement NewsKORFEZ ENG has signed a contract with Italcementi Group for the supply of a new second compartment mill shell lining for one of the cement producer’s plants in France. This system is intended for a 3.80m diameter two-compartment raw mill. A total grinding compartment of 7250mm will be equipped with a combination of lifter and sorting liners. The order is supplemented with a free mill inspection so that all the necessary information and dimensions that form a basis for the design can be g... |
Swire Bulk Logistics enters partnership with Golden Bay25 February 2015, Published under Cement NewsSwire Bulk Logistics, the industrial shipping division of The China Navigation Company (CNCo), has entered into a long term partnership with New Zealand’s Golden Bay Cement (GBC), a trading division of Fletcher Building Ltd, to build, own and operate a dedicated, self-discharging cement carrier. The 9000dwt vessel, named Aotearoa Chief, to be built at China’s Jinling shipyard, is specifically designed to operate on the New Zealand coast, with a view to optimising supply chain efficiency. ... |
US natural gas price to soften before recovery in 201624 February 2015, Published under Cement NewsAs the US faces ample natural gas inventories and high production, US gas prices are expected to further soften this year. “We introduce an end of 2Q15 target of US$2.25/mBtu and lower our 2015 US nat gas price forecast to US$2.85, from US$3.90 prior,” say analysts at BofA Merrill Lynch Global Research. High production, especially in the US northeast where new pipeline capacity has come online, has helped to raise annual output growth from 1.9 to 5.7bcf/d through 2014, bringing total US ga... |
Cementir shareholders approve capital hike24 February 2015, Published under Cement NewsThe shareholders of Cementir Holding SpA announced on Monday that the company's Board of Directors will be able to raise the company's capital by up to EUR300m within five years, according to a statement released yesterday. The Italian cement major said in January it would ask its shareholders to approve an increase of up to EUR300m, including share premium, in one or more tranches. Via the rights issue, Cementir aims to increase its resources and financial flexibility in implementing i... |
Deuna Zement signs agreement on Duen quarry24 February 2015, Published under Cement NewsContrary to the original plans, Germany-based producer Deuna Zement will now not quarry limestone from the 100m-wide strip of woods in Duen. This compromise and further concessions were laid down in a comprehensive seven-point agreement between Deuna Zement GmbH and Duenwald town authorities. In addition, the open-pit operator has agreed to establish a modern, gentler blasting methods to relieve the pressure for the inhabitants of nearby Zaunröden. In addition, blasting will be more closel... |
Indian producers roll back prices23 February 2015, Published under Cement NewsIndian cement producers have rolled back cement price increases announced in January due to a weaker than expected cement demand off-take. "The dispatch scenario is very gloomy. The January-March quarter is generally a good quarter, but not this time. Pricing is weak, specifically in north India," said Prashant Bangur, whole-time director of Shree Cement Ltd told local press. Cement manufacturers in eastern, central and western markets have also rolled back price hikes announced in Ja... |
DG Khan eyes new Pakistan plant construction20 February 2015, Published under Cement NewsDG Khan plans to build a US$300m near Karachi as economic growth boosts cement demand in Pakistan. “There will be a shortage domestically in three years if there is 10 per cent growth in demand each year,” Inayat Ullah Niazi, CEO of DG Khan, told Bloomberg in an interview. The new plant near Hub, a city west of Karachi will produce about 2-2.5Mta of cement, Niazi said. Construction is slated for completion in late 2018. Some 40 per cent of the project will be financed through internal... |
Tunisia: Carthage Cement cuts cement price20 February 2015, Published under Cement NewsIn the past few days, Carthage Cement has lowered the price of cement by TND6/t for bagged cement and TND10/t for bulk. For instance, a bag of OPC will now cost TND141,640/t while its bulk equivalent will cost 122,500/t. The step comes as the Tunisian government is gradually removing its subsidies in the energy sector. Mostafa Hamrouni, president of the national Chamber of Cement Manufacturers said that "the professionals of cement industry and regulators exert the effort required to cont... |
India: Malabar Cements to resume Cherthala operations20 February 2015, Published under Cement NewsMalabar Cements Limited (MCL) will resume operations at its Cherthala unit in the Indian state of Kerala, by the end of this month, having secured uninterrupted clinker supplies. K Padmakumar, managing director of MCL told 'The Hindu' that a ship carrying 27,010t of clinker had reached the Cochin port from Fujairah, which would be transported by road to Cherthala soon. The unit stopped functioning in 2009 due to a shortage of clinker supplies, as MCL's Walayar cement plant in Kerala was ... |