Cement News tagged under: international
ACC reports 19% rise in 4Q14 profit04 February 2015, Published under Cement NewsACC, India’s second-largest cement manufacturer, reported a 19 per cent jump in profit in the October-December quarter, driven mainly by a substantial tax reversal. Net profit rose to INR3.26bn in the three months ended 31 December from INR2.75bn a year ago, the company said in a filing to the Bombay Stock Exchange. The tax reversal for the quarter stood at INR1.8435bn against a reversal of INR358.5m in a year ago. The Holcim group company said net sales increased by three per cent to I... |
PCA applauds Obama for included infrastructure spend in proposed budget04 February 2015, Published under Cement NewsThe Portland Cement Association (PCA) applauds President Barack Obama for including substantial funding for the nation's 'crumbling' infrastructure in his 2016 proposed budget plan. In a statement released yesterday the Association said it has long supported a nationwide plan that would address highways and transportation structures, which are vital to the daily lives of the American public. Key to taking on this large construction project is utilising resilient construction techniques that... |
Colombian cement market expands 10.3% in 201403 February 2015, Published under Cement NewsColombian cement consumption increased by 10.3 per cent to 11.9Mt in 2014, according to the country’s statistics service, Dane. The restart of civil works and the start-up of social housing projects is behind the upturn. Major market expansion occurred in the provinces of Nariño (49.2 per cent), Norte de Santander (20.4 per cent), Huila (21.3 per cent) and Cundinamarca (17 per cent). Output from domestic cement plants also rose, by 10.2 per cent to 12.3Mt. |
Moroccan cement demand drops 5.4% in 201403 February 2015, Published under Cement NewsThe Moroccan cement market contracted by 5.4 per cent to 14.1Mt in 2014, reaching a new low as demand hits a level not seen since 2008. The country’s construction sector remains depressed with 177,300 dwellings starting construction but no advances in social housing or self-construction. In addition, the higher-end real estate and tourist markets no longer provide relief. Historically-low interest rates are also unable to reinvigorate the market and economic uncertainty weighs heavily on ... |
US Jan-Nov shipments03 February 2015, Published under Cement NewsPortland and blended cement shipments in the US and Puerto Rico in November were 6.5Mt, essentially unchanged from the level in November 2013, USGS data shows. The leading consuming states (Texas, California, Florida, Illinois and Ohio, in descending order) received about 39 per cent of the November shipments. The leading Portland cement producing states in November were Texas, California, Missouri, Florida and Alabama, in descending order. Clinker production totaled 6.8Mt during the mont... |
Paraguayan cement consumption update03 February 2015, Published under Cement NewsParaguayan cement demand currently stands at around 115,000 bags of 50kg, according to local press sources. Industria Nacional del Cemento (INC) produces around 50,000 bags/day while Yguazú’s output reaches around 45,000 bags/day. In addition, the market also absorbs between 18,000-22,000 bags per day of imports, according to the Customs Office. Total imports in 2014 reached 273,710t, reflecting a value of US$35.34m. This represented a 28 per cent fall when compared with imports of 381... |
Philippine prices set to rise?03 February 2015, Published under Cement NewsCement prices in the Philippines are set to rise by PHP10/40kg bag shortly, according to separate advisory statements issued by three domestic producers to local distributors. Cemex Corp, Lafarge and Eagle Cement have each notified distibutors of the impending rise, the Manila Standard reported yesterday. The daily noted that Cemex’s Rizal cement currently sells for PHP198/bag (US$4.49), while Lafarge Republic’s brand sells at PHP197 and Eagle Cement at PHP193/bag. The planned price hike i... |
South Cement Co to issue 270-day bills03 February 2015, Published under Cement NewsSouth Cement Co, Ltd, a subsidiary of Hong Kong-listed China Building Materials Co, has announced it will issue CNY1.5bn (US$240m) unsecured super short-term bills with a maturity of 270 days on the interbank market today. The company said in a statement that the bills will be issued at the face value and the coupon rate determined in the process of bookbuilding. Both of value date and payment due date is set on 4 February and the to-be-issued tradable on 5 February/ Shanghai Brilliance... |
Vietnam records 47% rise in January cement demand02 February 2015, Published under Cement NewsVietnam’s cement consumption increased six per cent MoM and 47 per cent YoY to 4.37Mt in January 2015, according to the Department of Building Materials at the country’s Ministry of Construction. The country's leading cement producer Vietnam Cement Industry Corporation (Vicem) sold 1.41Mt of cement in domestic markets, up 46 per cent YoY. Exports reached 1.5Mta. By the end of January, the cement inventory was around 2.69Mt, primarily clinker. Ministry forecasts expect cement demand ... |
Zimbabwe: Chinese project faces mining hurdle02 February 2015, Published under Cement NewsChinese plans to set up a cement-making factory in Zvishavane have run in to problems after it emerged that the mining rights in the area belong to Shabanie Mashaba Mines (SMM). Top Zimbabwe government sources told the Zimbabwe Independent this week the project was supposed to be set up some 30km from the mineral-rich town of Zvishavane along the Zvishavane-Mbalabala road. However, they [the Chinese investors] can only set up the factory when the issue of mining claims to the area held by S... |