Cement News tagged under: international
Beni Suef begins construction of coal mill, Egypt16 February 2015, Published under Cement NewsBeni Suef Cement has began the construction of the coal mill worth EGP200m (US$26.3m), to be used as an alternative to natural gas and heavy fuel oil at its cement plant in Egypt. Farouk Mustafa, managing director of the company, said he expects the project to be completed in October, adding that the project is being partly funded through a EGP100m loan with Egyptian Gulf Bank. Mustafa said that using mazut as a temporary measure to prevent natural gas shortages halting production. Howe... |
Semen Baturaja reports January sales decline13 February 2015, Published under Cement NewsState-owned cement producer Semen Baturaja recorded a 9.7 per cent decline in January sales volumes, due to increased rainfall and weakening commodity prices which resulted in property and infrastructure developments being delayed. "Until the end of January of this year, we managed to sell 90,764t valued at IDR87.552bn," corporate secretary Zulfikri Subli told local press. However, the company expects sales volume to rise in the following months, bringing total sales this year to incre... |
SITA to start commissioning new SRF facility, UK13 February 2015, Published under Cement NewsSITA UK is to start the commissioning process for its solid recovered (SRF) plant in Rugby to be used at Cemex UK's local cement works. The processing plant will undergo a series of commissioning tests over the next few months before starting full-scale production of the trademarked Climafuel SRF in the summer. The residual waste material arriving at the site will primarily be collected from commercial and industrial businesses across the region that would otherwise go to landfill. Once re... |
Japanese producers increase exports13 February 2015, Published under Cement NewsJapanese cement producers have increased export levels in a bid to help offset a slowdown in domestic consumption due to a slump in housing investment. According to the Japanese Cement Association, the country’s exports rose by four per cent to 9.11Mt in 2014, marking the first increase in six years. A Nikkei Report stated that Japanese cement makers are heightening exports to tighten the supply-demand balance. Local producers had initially expected domestic demand would increase due to ... |
Saudi full-year output update13 February 2015, Published under Cement NewsSaudi Arabia, the largest cement producer in the GCC, produced over 57Mt of cement in 2014, according to a report in Arab News. Demand in the kingdom continues to grow fuelled by huge mega projects including include railways, airports, stadiums, medical cities, utilities, and petrochemical facilities. Saudi Arabia is the largest cement producer in the GCC with 63Mta, accounting for 50 per cent of the region’s capacity. In 2014 it imported 2.5Mt of compared to 4.9Mt in 2013, according to d... |
Indocement sees volumes rising 6% YoY13 February 2015, Published under Cement NewsPT Indocement Tunggal Prakarsa expects volumes to grow six per cent this year, reported Kontan, citing CEO, Christian Kartawijaya. The HeidelbergCement group reported cement sales of 18.8Mt in 2014, up three per cent YoY, thanks to increased capacity. The company said it will spend IDR5trn (US$391m) on capital expenditure this year. The 14th line at its Citeureup plant in West Java is expected to start operating from the third quarter of this year. |
Indonesia's January sales decline12 February 2015, Published under Cement NewsIndonesian cement sales fell by 2.9 per cent YoY to 4.5Mt in January 2015, as heavy rains affected construction activity in several areas. Most region of the country registered a drop in demand during the month. Widodo Santoso, head of the Indonesia Cement Association (ASI), said that the largest declines were recorded in Kalimantan (-12.9 per cent) and Sumatra (-9.6 per cent). Sales on the main island of Java remained stagnant at 2.55Mt. There was, however, a large rise recorded in the M... |
Binani reportedly in talks to sell Rajasthan grinding unit12 February 2015, Published under Cement NewsBinani Cement is in discussions to sell its 1.2Mta grinding unit at Neem Ka Thana, Rajasthan, to reduce debt. The company is looking for prospective buyers and is hoping to complete the sale after March, a source told Cogenis news. UltraTech Cement is said to be among the parties interested in the acquisition. Binani Cement expected to raise INR4bn (US$64.2m) through the sale of the northern Indian unit, which will be used to repay loans, according to the report. Parent company Binani Ind... |
Kuwait Portland Cement posts 5.2% rise in annual profit12 February 2015, Published under Cement NewsKuwait Portland Cement said Tuesday its net profit stood at KWD8.26m (US$27.9m) for 2014, up 5.2 per cent from the KWD7.85m recorded in 2013. Earnings per share increased to 90.89 fils from 86.37 fils. The company said total assets rose to KWD88.9m at end-2014 from KWD74m a year earlier. The board of directors proposed a 70 per cent cash dividend for 2014, equal to 70 fils per share, in addition to a five per cent bonus issue, translating into five shares for each 100 shares held. |
TPCC refutes plant closure reports, Tanzania12 February 2015, Published under Cement NewsTanzania Portland Cement Company (TPCC) has refuted reports of closing down its operations due to environmental concerns as "false and overly exaggerated". Alfonso Rodriguez, TPCC managing director told the Daily News on Wednesday that: "We are not closed, the operations are going on as usual at TPCC." Last week, the cement producer was reportedly ordered to close down operations by the National Environment Management Council (NEMC) over allegations of environmental pollution. |