Cement News tagged under: international
Leocem warns of Sierra Leon shortages27 October 2014, Published under Cement NewsLeocem Sierra Leone has warned on cement shortages in the west African country as the Ebola epidemic has led to a decline in the number of cargo ships coming to the capital, Freetown. Citing concerns by shippers, the cement producer said in a statement that reduced deliveries could mean materials needed to manufacture and package cement will be in short supply. Already, those in the construction industry have raised concerns about higher cement prices, currently at the official price of S... |
Southern Cement 3Q net profit up 53% YoY, beats esitmates27 October 2014, Published under Cement NewsSouthern Cement posted a third-quarter net income of SAR285m (US$76m), rising 53 per cent YoY. The result was above NCB Capital and consensus estimates of SAR200m and SAR196m, respectively. However, on an adjusted basis, earnings were down 7.6 per cent YoY and below estimates by 12-14 per cent. With sales in-line at 1.56Mt, the negative surprise came from higher costs. NCBC estimated costs at SAR102/t, and believes it could have been as high as SAR 122/t. Southern Cement announced... |
Barnstone cement works celebrates 150th anniversary27 October 2014, Published under Cement NewsThe Barnstone cement works, owned by Lafarge Tarmac, recently celebrated its 150th anniversary, with a special celebratory event held at Colwick Hall, UK. Honorary guest was Ken Clarke QC, MP for Rushcliffe who, along with Charles Law, managing director of Cement, Lime & Powders, joined almost 200 past and present employees of the plant, local suppliers and Barnstone and Langar Parish councillors Alex Cessford and Rod Whitehead, in congratulating the plant on this significant milestone in i... |
Exports loom: Dangote has 29Mta of production in sight24 October 2014, Published under Cement NewsAlhaji Aliko Dangote, president of Dangote Group of Companies, said the company's cement production will hit 29Mt in Nigeria by December this year, while exports will be the next step. Speaking at the Obajana cement plant yesterday, the Dangote president said the 29Mt will be possible after the commencement of operations of the fourth phase of the Obajana cement plant. Mr Johnson Olaniyi, Dangote's regional sales director, said the company will soon start exporting the product to other ... |
Pakistani cement industry weak due to lack of innovation24 October 2014, Published under Cement NewsPakistan is lagging behind in introducing different types of cement for use in different projects. Most construction requirements are met by ordinary Portland cement (OPC). This puts the industry at a disadvantage in the international market, says Pakistan’s Technology Upgradation and Skill Development Company (Tusdec). “The construction sector is expanding and there is dire need to introduce new cement qualities in Pakistan for better efficiency and cost reduction,” said Nabeel Asghar, Tu... |
China: three cement firms fined for price fixing23 October 2014, Published under Cement NewsJilin Yatai Group Cement Sales Co Ltd (Yatai), North Cement Co Ltd and (North) and Jidong Cement Jilin LLC (Jidong) were handed out fines for price fixing after China's National Development and Reform Commission (NDRC) instructed the Jilin Province Price Bureau to impose financial penalties totalling CNY114m (US$19m) following alleged breaches of the Anti-Monopoly Law (AML) by the companies involved. The NDRC found that in April 2011, the three cement producers met and agreed to coordinate ... |
China’s August cement production stable at 224Mt23 October 2014, Published under Cement NewsChina’s cement output remained largely stable in September 2014 at 224.15Mt when compared against August 2014, when the world’s largest cement maker produced 224.8Mt. YoY output slipped slightly from 225.06Mt. In the year to date, China’s cement production has reached 1809.41Mt. |
US cement market grows 2.8% in August22 October 2014, Published under Cement NewsCement shipments in the USA were up 2.8 per cent in August 2013 when compared with August 2013, according to preliminary data from the US Geological Survey (USGS). While southern Texas, Georgia and Florida all noted double-digit increases of 27, 24 and 11 per cent, respectively, dispatches in southern California and Arizona fell by one and eight per cent, respectively. Across the country, August 2014 was significantly wetter and cooler than the year-ago equivalent with rainfall particular... |
India moves towards ending coal monopoly21 October 2014, Published under Cement NewsThe Indian government has taken a cautious step towards ending the coal monopoly as its plans to allow private players to mine and sell coal, a move that is expected to benefit cement companies amongst others. The cabinet has approved auction of 74 of the recently-cancelled 204 coal blocks in the next 3-4 months. While state-owned companies will be allocated coal blocks on a priority basis and will not have to bid in the auction, private companies will be able for the first time to buy bl... |
Kenya: Savannah Cement to widen its east African sales21 October 2014, Published under Cement NewsSavannah Cement has confirmed plans to develop its business to the wider east African market as part of its regional integration support. The project will see the company pursue sales opportunities in all the east African countries by next year, the firm’s Managing Director, Ronald Ndegwa, has said. “Savannah Cement’s overall corporate development is anchored on a regional market coverage strategy and we are glad that we have made good inroads in the respective east African markets,” Mr... |