Cement News tagged under: international
Vicem sales exceed full-year target15 January 2015, Published under Cement NewsState-owned Vietnam Cement Industry Corporation (Vicem) sales rose by 3.2 per cent from a year ago and exceeded the year’s target by 5.7 per cent boosted by higher exports. For the full year, the country’s leading cement producer sold approximately 24.64Mt of cement and clinker. Of the total, 18.68Mt of cement and clinker were sold in the domestic market, down 2.7 per cent YoY, and 3.4Mt were exported, up 54.1 per cent. In 2014, Vicem’s clinker production edged up 0.7 per cent YoY to 16... |
Kenya: Savannah Cement selects database management system15 January 2015, Published under Cement NewsKenya’s Savannah Cement Ltd has selected the SAP® ERP application powered by SAP HANA® to improve its operational reporting, real time planning and forecasting. Savannah Cement is one of the newest entrants into the cement market in Kenya, with a 1.5Mta cement plant strategically located near the capital Nairobi. "SAP HANA has changed our view of database management and greatly simplified tasks, giving our business a cutting-edge advantage and incomparable agility," said Brian Wamwenje, ... |
Saudi Cement Co 4Q net profit up 8.91%15 January 2015, Published under Cement NewsSaudi Cement Co has posted a 8.91 per cent rise in fourth-quarter net profit to SAR269m (US$71.7m) from SAR247m and 16 per cent QoQ from SAR232m. The YoY rise in fourth-quarter net earnings was attributed to higher sales due to improved local demand. The cement producer reported SAR1075m net profit for the fiscal year 2014, a decline by four per cent from SAR1124m a year earlier. The company ascribed the lower cement sales to lower local demand and an increase in selling and distribution ex... |
Tajikistan to add further capacity over 2015-1615 January 2015, Published under Cement NewsTajikistan’s Ministry of Industry and New Technologies has said that six new cement plants will be put into operation in Tajikistan in 2015 and 2016, according to reports by Avesta news agency. Tajik-Chinese joint venture Tajchina has already started construction of a 1.2Mta cement plant, the report stated. Morever, new cement plants will also be built in Dangara, Bobojon Gafurov, and Isfara districts, as well as in Istiklol city. Another cement plant, with a capacity of 1Mta, will be const... |
Saudi monthly cement sales up 17% YoY14 January 2015, Published under Cement NewsSaudi Arabian cement sales in December 2014 rose 17 per cent YoY to 5.59Mt from 4.79Mt in the same month of the year before, latest statistics published by domestic producer Yamama Cement Co reveal. Saudi Cement Co registered the largest sales volume during the month with 785,000t, followed by Southern Province Cement (769,000t) and Yanbu Cement (623,000t). The highest YoY increase in December 2014 was achieved by Najran Cement (+109 per cent), followed by Hail Cement (+48 per cent) and... |
Honduras: Chico calls for lower cement prices14 January 2015, Published under Cement NewsThe Honduran Chamber of the Construction Industry (Chico) has requested cement producers to revise the price of bagged grey cement. Cement companies have maintained the price of HNL168.50 (US$8.02) per 42.5kg in Tegucigalpa with variations from one location to another on the back of transport costs. The monthly economic activity index (IMAE) released by the Central Bank of Honduras reports that construction shrank by eight per cent in October 2014 when compared with a contraction of 4.8 p... |
Lucky Cement gets go-ahead for coal power plant investment14 January 2015, Published under Cement NewsLucky Cement Ltd's Board of Directors has approved the investment of around PKR27bn (US$268.4m) to set up a 660MW coal-based power plant in Karachi, Pakistan. Under the name of Lucky Electric Power Co Ltd (LEPCL) the power plant will be wholly-owned by Lucky Cement and will be financed with a debt/ equity ratio of 75:25. The announcement comes shortly after fellow-Pakistan producer Attock Cement Ltd signed an Memorandum of Understanding with K-Electric to establish a coal-fired plant fo... |
Ghorahai works halts production14 January 2015, Published under Cement NewsNepal-based producer Ghorahai Cement Industry (GCI) has halted output at its cement plant in the Dang district as protests by tipper operators disrupt the flow of production. The tippers, which supply raw materials to the cement factory, have remained off the road for nine days, as operators call for a revision in the transportation charge. "We have not been able to produce cement for the past nine days as tipper operators are not supply raw materials to the factory," a GCI official told Re... |
Steppe Cement preliminary full-year update13 January 2015, Published under Cement NewsKazakhstan-based producer Steppe Cement Ltd achieved a cement sales volume of 1.61Mt in 2014, up 18 per cent on the over the 1.3Mt in the previous year. Revenue for the year ended 31 December 2014 was KZT20,925m, seven per cent higher than the KZT19,469m recorded for the corresponding year ended 31 December 2013. The average price (ex-VAT) for delivered cement was KZT12,975/t, down nine per cent Yo compared with KZT14,245/t for the corresponding period of 2013. For 2014, the average ex-f... |
PCA: construction recovery continues to expand13 January 2015, Published under Cement NewsConstruction recovery in the US continues to expand and all regions are expected to participate in 2015, according to the PCA State Construction and Cement Forecast report, 2014-15. Favourable demographics, pent-up demand, and improved confidence will help fuel the stronger relative growth, the association notes. The recently-released state forecast expects the strongest rates of cement growth to occur in the West and South with increases of 7.6 and 7.4 per cent, respectively. The Midwest ... |