Cement News tagged under: international
Dangote Cement appoints new CEO26 January 2015, Published under Cement NewsDangote Cement Plc has appointed Onne van der Weijde as chief executive officer, effective 1 February 2015. Mr Van der Weijde, ex-Holcim India head, will take the helm from Dangote Cement's outgoing CEO Devakumar Edwin. Mr Edwin told Reuters in an interview that the transition comes at a time when some of the large capital expenditure projects of Dangote Industries Ltd, which he handles, have started to materialise. |
Semen Indonesia targets seven per cent sales growth26 January 2015, Published under Cement NewsSemen Indonesia is targeting sales growth of around seven per cent this year, despite a cut in the price of the construction material for state-run enterprises initiated by the government last week. Semen Indonesia’s new president, Suparni, said the company is targeting production of 30Mt and hopes for an increase over 2014, when volume rose three YoY to 28.5Mt. That figure included 2.3Mt produced by Thang Long Cement, a Vietnamese company acquired by Semen Indonesia in 2013. The Indon... |
Spanish watchdog carries out preliminary inspection on price fixing allegations26 January 2015, Published under Cement NewsSpanish competition regulator, CNMC, has carried out preliminary inspections over 20-21 January 2015 at the headquarters of various local concrete and cement producers on allegations of potential price fixing. According to the article published in Expansion, if found guilty of colluding to fix prices, the companies could face a fine accounting for up to 10 per cent of annual turnover. |
CRH confirms discussions over Lafarge and Holcim assets23 January 2015, Published under Cement NewsCRH has confirmed that it is in discussions with Lafarge and Holcim regarding the potential acquisition of certain assets being disposed of by the two companies in advance of their proposed merger. “While there can be no certainty that these discussions will result in a transaction, if an acquisition was to proceed, it is likely that it would be funded through a combination of existing cash balances, debt and an equity placing,” CRH said in a statement released yesterday. “At this stage ... |
Bangladesh, Indonesia and Malaysia remain Vietnamese top importers23 January 2015, Published under Cement NewsBangladesh, Indonesia and Malaysia were the top importers of Vietnamese clinker and cement exports last year, the Vietnamese Ministry of Industry and Trade said on its website. Bangladesh took the lead after importing 8.39Mt of cement worth US$323m from Vietnam last year, while Indonesia came second with 2.65Mt worth US$123m and Malaysia ranked third with 1.28Mt worth US$62m. Following on was the Philippines with 1.15Mt worth US$44.26m, and Chile with 566,797t worth US$31m. Vietnam e... |
US recovery on a roll23 January 2015, Published under Cement NewsContinued, steady improvements are anticipated for US cement volumes and pricing through 2015. A widespread increase in construction activity is anticipated, but falling energy prices could present headwinds in certain areas. The US is expected to be the main source of global economic strength in 2015 by most forecasters with indicators trending upwards. The economy has been growing faster than previously forecast, and the IMF says a stronger housing market and business investment suggest... |
SCG positive on Thai demand outlook22 January 2015, Published under Cement NewsThai cement demand is expected to increase by six per cent in 2015 after remaining flat last year, and prices are expected to hold relatively steady despite new capacity on the way, the country’s leading cement producer has said. Speaking during the SCG Dinner 2015 hosted last week, CEO Kan Trakulhoon pointed out that demand resumed YoY growth in December and this year demand will be driven by state infrastructure and commercial projects, Bualuang Securities reported. After reaching a r... |
Argos recognised for sustainability efforts22 January 2015, Published under Cement NewsArgos has been awarded a Silver Class distinction in Robeco SAM’s 2015 Sustainability Yearbook for the second consecutive year. The company was included in the Yearbook once again for having one of the best sustainability performances due to the results it obtained in the Dow Jones Sustainability Index survey. Private entity RobecoSAM independently assesses the sustainability performances of companies that are part of the Dow Jones Sustainability Index. It lists the most sustainable compan... |
India: production begins at JK Lakshmi's Durg plant22 January 2015, Published under Cement NewsJK Lakshmi Cement has started production of its 2.7Mta cement works in Durg, Chattisgarh state, central India. The greenfield works, which will manufacture various types of cement including OPC, PPC and slag cement, began production earlier this week, according to a company statement. The new plant boosts JK Lakshmi’s total installed capacity to 9.3Mta. The start-up of the Durg plant is in line with Prime Minister Narendra Modi’s "Make in India" initiative to boost economy and growth of ... |
Qatari group expresses interest in Ethiopian plant construction22 January 2015, Published under Cement NewsA Qatari business group led by Sheikh Fahad Ahmed M T Al Thani has expressed an interest in constructing a cement plant in Dire Dawa, Ethiopia, as part of a series of investments across various sectors in the African country. AllAfrica news reported that during a meeting with Ethiopia’s president Mulatu Teshome last week, Mr Al Thani said he had visited various investment sites and plans to launch four projects worth around US$500m including the cement plant. Mr Teshome stressed tha... |