Cement News tagged under: international
Indonesia lowers SOE-produced cement prices19 January 2015, Published under Cement NewsIndonesia’s President Joko Widodo has decided to lower the selling price of cement produced by State-Owned Enterprises (SOE) by IDR3000/bag. On Friday last week, the president announced the price cuts of the SOE-produced cement, adjusted to the cut in subsidised gasoline (Premium) prices from IDR7,600/litre to IDR6,600/litre. SMGR corporate secretary Agung Wiharto said that although selling prices are lowered, the company will continue to maintain its EBIDTA margin at 30 per cent. In the t... |
India: JSW Group eyes capacity expansion19 January 2015, Published under Cement NewsThe JSW Group plans to expand its cement production capacity to 30Mta over the next decade from the current 5Mta as it seeks to become a bigger player on the Indian cement market scene. Speaking to BusinessLine reporters, Seshagiri Rao, Joint Managing Director of JSW Steel said the group plan is to become a significant player in the sector with 30Mta capacity by 2025. The company, one of India's largest business conglomerates, is looking to setting up grinding units closer to its steel pl... |
Iran output exceeds 50Mt in first nine months19 January 2015, Published under Cement NewsIran produced 51.645Mt of cement in the first nine months of the current Iranian calendar year (March 21 December 2014), the IRNA news agency reported on Sunday. Moreover, 56.85Mt of clinker were produced over the period. In the first six months, the country's exports reached 7Mt, according to the report. |
Semen Indonesia's Myanmar investment discussions still ongoing16 January 2015, Published under Cement NewsSemen Indonesia may withdraw from plans to invest in Myanmar if the company and its local partner fail to reach an amicable agreement over the partnership deal, a company executive has told the Jakarta Post. Last year the state-owned Indonesian cement firm said it had decided to postpone its plan to acquire a cement firm in Myanmar after it missed its mid-year deadline to conclude negotiations. Agung Wiharto, Semen Indonesia corporate secretary has now told local press that his company... |
Holcim remains committed to Lafarge merger despite SNB move16 January 2015, Published under Cement NewsHolcim said it remained committed to a planned merger with Lafarge despite a move by the Swiss National Bank (SNB) that knocked almost CHF3bn (US$3.45bn) off the Swiss company's market value. In a surprise move, the SNB said on Thursday it would abandon the 1.20 per euro cap on the franc, sparking a near 30 per cent surge in the franc against the European currency and triggering a bout of equity market turbulence. Speaking to Reuters, Holcim declined to comment on the SNB's move or its sha... |
India: UltraTech outlines upcoming greenfield expansion16 January 2015, Published under Cement NewsFollowing its planned takeover of two cement plants owned by the Jaypee group, UltraTech has outlined its next phase of greenfield expansion. India’s largest cement producer is planning to set up two greenfield grinding units in Bihar and West Bengal, according to managing director OP Puranmalka. In addition, the company plans to build a bulk terminal in Maharashtra to enhance transport and logistics, and increase capacity at its existing plant in Rajasthan. While the capacity expansion w... |
Honduran cement price to hold16 January 2015, Published under Cement NewsFollowing a suggestion by Silvio Larios, general manager of the Honduran Chamber of the Construction Industry (Chico), to revise the price of cement, representatives of the cement industry announced that the price of a bag of grey cement will not fall. The manager of Cementos del Norte, Juan Carlos Sikaffy, said most cement producers use coal in the firing of their kilns and not fuel oil. "In the international market these fuels have not dropped in price (coal), because the oil war is am... |
Russia: Angarsk Cement full-year output up 8% YoY16 January 2015, Published under Cement NewsAngarsk Cement and Mining Plant increased the output of cement to 770,000t in 2014, up eight per cent YoY. Clinker production edged ahead one per cent to 624,000t. The plant targets minimum cement production of a minimum of 715,000t this year. |
Indonesia: a return to higher ground?16 January 2015, Published under Cement NewsAs Indonesia’s cement sales growth disappointed last year, the industry is hoping a revival of government infrastructure spending will help overcome recent challenges and return demand levels to higher ground. From strong double-digit growth rates experienced in the 2011-12 period, Indonesian cement volume expansion has been slowing over the past two years. Latest industry figures show that Indonesian cement sales increased by just 3.6 per cent in 2014, dragged down by higher interest rat... |
St Marys Cement considers options to enhance capacity15 January 2015, Published under Cement NewsSt Marys Cement Inc, part of Votorantim Cimentos, is considering modernising its cement plant in Charlevoix, Michigan, or reopening its Dixon facility in Illinois, on the back of recovering US demand. Presenting a potential project during a public hearing with the Charlevoix Township Board of Trustees meeting, Marty Fallon, CEO of Votorantim Cement North America/St Marys Cement Inc, said the company is considering a US$130m upgrade to the Charlevoix plant which would increase production c... |