Cement News tagged under: international
Young talent joins Cemex UK29 January 2015, Published under Cement NewsA new cohort of trainees has started at Cemex UK, bringing young people and new talent into the construction and building materials industry. Six trainee quarry managers, three external candidates with engineering degrees and three internal with relevant qualifications from within Cemex, have completed their business familiarisation programme and are about to start a six week rotation programme visiting a key aggregate site each week. Following the rotation the trainees will be based withi... |
Siam Cement fourth-quarter net profit up 11% YoY28 January 2015, Published under Cement NewsSiam Cement PCL, Thailand's largest industrial conglomerate, said on Wednesday its 4Q14 net profit rose 11 per cent due mainly to improving margin for its petrochemical business despite an inventory loss. Net profit was THB8.86bn (US$271.53m) for the October-December quarter, beating analysts' forecasts. For the whole of 2014, net profit dropped eight per cent to THB33.6bn (US$30.66m), the company said in a statement. Ceiling of bond issue raised Meanwhile, Siam Cement also announc... |
Ecuador 2014 sales down 2%28 January 2015, Published under Cement NewsEcuador cement sales dipped in 2014 to 6.47Mt, down two per cent from the 6.60Mt recorded in the previous year, latest data from domestic cement association INECYC shows . Last year's decline follows three consecutive years of annual sales growth in the Latin American country from 2011 to 2013. During December 2014, monthly sales rose 4.85 per cent to 557,786t compared to November 2014 (532,009t). |
Cementos Argos may refinance short-term debt in 2015, Fitch28 January 2015, Published under Cement NewsThe majority of Cementos Argos’ short-term debts due in 2015 are expected to be refinanced, according to an analysis of Colombian cement firm by Fitch Ratings. This move is anticipated due to the pressure on free cash flow during 2014 that was caused by the firm's aggressive acquisition programme, while the ratings agency believes that the business's liquidity is adequate and its funds from operations are stable. Cementos Argos has available credit worth COP2.20tn (US$922.43m), as well... |
Iranian exports exceed 14.5Mt in first nine months28 January 2015, Published under Cement NewsIran’s cement and clinker exports have surpassed 14.5Mt in the first nine months of the Iranian calendar year (starting 21 March 2014). Of the total, 68.7 per cent were cement and the remainder clinker, news agency IRNA reported citing Iran’s Ministry of Industries and Mines. Among the country’s export destinations are Iraq, Azerbaijan, Turkmenistan, Afghanistan, Russia, Kazakhstan, Kuwait, Pakistan, Qatar, Turkey, the UAE, Georgia, Oman, India, and China. |
Philippine full-year cement sales up 9.6%27 January 2015, Published under Cement NewsPhilippine cement sales increased by 9.6 per cent YoY in 2014, Ernesto M Ordonez, president of the Cement Manufacturers’ Association of the Philippines (CeMAP), confirms. Sales by producers in the local market by end-2104 reached 21.3Mt compared to 19.44Mt in the previous year. The Southeast Asian country also saw a jump in 4Q14 sales which increased by 15.7 per cent to 5.21Mt. The increase in sales is being supported by continuous growth in construction projects. Data from the Philipp... |
Indocement expects 5-6% sales rise27 January 2015, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk, part of the HeidelbergCement Group, said sales would rise 5-6 per cent this year on hopes of strong demand from the infrastructure sector, Kontan reported, quoting the company's corporate secretary, Sahat Siahaan. The country's second-largest cemen producer expects to boost production capacity to 24.9Mta by the end of this year, from last year's 20.5Mta as production starts at its 14th factory at its sizeable Tuban works. A recent visit by UBS to ascertai... |
Molina: Venezuela to take cement output to 9Mt in 201527 January 2015, Published under Cement NewsAs part of the Venezuelan government’s investment in the country’s cement sector, the new Cerro Azul plant in Monagas state, is expected to add 1Mta of cement to national output and hence bring the forecast output for 2015 to 9Mt, according to the Minister for Ecosocialism, Habitat and Housing, Ricardo Molina. He added that the Gran Misión Vivienda Venezuela and Barrio Tricolor housing programmes need 4.5Mt while the balance will be used in the construction of infrastructure, roads and ur... |
Norm Sement works reaches design capacity, Azerbaijan27 January 2015, Published under Cement NewsNorm Sement has reached design capacity of its 2Mta Qizildas cement plant in Azerbaijan, and is confident on the outlook for the year ahead as it looks to increase market share and begin production of oil well cement, CEO Hasan Yalcinkaya told local news. Involving an inestment of US$350m, the integrated cement facility represents one of Azerbijan's largest non-oil related investments to date. Speaking to Trend News, Mr Yalcinkaya, said: "We managed to successfully complete our projects,” ... |
S&P Puts Holcim (Canada) On WatchDev26 January 2015, Published under Cement NewsStandard & Poor's (S&P) Ratings Services are placing its long-term corporate credit rating on Holcim subsidiary Holcim (Canada) Inc on CreditWatch with developing implications on the parent company’s plan to divest of its Canadian operations within the next few months. "This CreditWatch placement follows our expectation that Holcim Canada's parent, Switzerland-based Holcim Ltd, will divest of its Canadian operations within the next few months in anticipation of potential competition authori... |