Cement News tagged under: international
UltraTech Cement given go-ahead for two new plants29 September 2014, Published under Cement NewsUltraTech Cement Ltd’s (Aditya Birla Group) proposal to set up two greenfield cement plants with an installed capacity of 9.5Mta has been cleared by Andhra Pradesh government. These two plants of a similar size have been proposed to be set up at Dachepalli of Guntur district and at Pentikota of Kurnool district by the company. The company, which has a total installed capacity of 62Mta across about 21 plants in India, currently operates a 4.9Mta capacity plant at Tadipatri in Anantapu... |
Vietnam Ministry requests review of cement projects29 September 2014, Published under Cement NewsTwelve cities and provinces have been asked by the Vietnamese Ministry of Construction to review cement plants in the localities under the industry’s master plan until 2020 with a vision to 2030. The request will involve the authorities of Hanoi, Haiphong, Hoa Binh, Bac Can, Ha Giang, Thanh Hoa, Nghe An and Thua Thien-Hu provinces. The ministry’s requirement follows the prime minister’s approval to cancel five cement projects, comprising Cao Duong, Cho Moi, Viet Duc, Long Tho and Ngan Son ... |
Saudi Arabia: Al Jouf Cement extends second clinker line trial29 September 2014, Published under Cement NewsAl Jouf Cement has extended the experimental operation of its second clinker line until the end of the 4Q14 in an attempt to reach full production capacity. The new line will not make a contribution to company finances until 1Q15 when full commercial production will commence. |
Pakistan: Lucky plans 660MW power project29 September 2014, Published under Cement NewsDirectors of Lucky Cement have asked shareholders permission to set up of a 660MW coal-based power project in Karachi through the Lucky Holdings Limited (LHL) subsidiary, according to Reuters. The proposal will be considered in the company’s September annual general meeting. A new company, Lucky Electric Power Co Ltd (LEPCL) will set up the plant which is expected to cost INR20bn (US$200m). Lucky Power will be a wholly-owned subsidiary of LHL and a 75 per cent indirect subsidiary of the ... |
JSW Cement to solely make Portland Slag cement29 September 2014, Published under Cement NewsJSW Cement Ltd intends to manufacture only Portland slag cement (PSC) in India. The company has a cement production capacity of 6Mta. JSW has fixed the price of PSC between INR275 (US$4.47) and INR325 (US$5.28) a bag. The company expects the demand for cement to grow due to the focus on infrastructure projects. |
Lafarge evacutes Syrian factory amid security concerns26 September 2014, Published under Cement NewsLafarge said Thursday it has evacuated its Syrian factory and halted all operations there indefinitely there amid security concerns. Lafarge operates a 3Mta factory in Ein Al-Arab, about 160km northeast of Aleppo, near the Turkish border, an area where the US has carried out air strikes against Islamic State militants. The plant was evacuated on 18 September 2014 and all operations have been halted until workers' security can be guaranteed, a spokeswoman said. Islamic State took ... |
Pakistan sees strong increase in August export growth26 September 2014, Published under Cement NewsPakistan recorded an acceleration in exports during August 2014 against the previous month and were also higher on an annual comparative basis. Exports during August 2014 reached 984,039t – a rise of 76.62 per cent compared to the month before. Revenues were also 76.84 per cent higher at US$57.648m compared to July 2014. On an annual basis, volumes and revenues increased by 23.42 per cent and 28.74 per cent, respectively, July-August 2014 data However, exports during the first t... |
Indonesia, Taiwan and Malaysia top Vietnam's eight month export table26 September 2014, Published under Cement NewsIndonesia, Taiwan and Malaysia were the largest importers of Vietnamese clinker and cement in the first eight months of this year, latest data from Vietnam’s Ministry of Industry and Trade shows. During the period, Indonesia imported 1.56Mt of clinker and cement worth US$73m from Vietnam, while Taiwan acquired 933,128t worth US$40m and Malaysia purchased 904,117t worth US$44m. Next in line were the Philippines (721,060t worth US$27m) and Cambodia (348,139t worth US$19m), the ministry ad... |
Berenberg upgrades Italcementi26 September 2014, Published under Cement NewsAnalysts at Berenberg bank have upgraded its recommendation on Italian cement major Italcement's stock to 'buy' from 'sell' with a target price of EUR6.30. Berenberg said the planned merger between Holcim and Lafarge "remains the dominant theme for the sector". They said Italcementi's asset portfolio favours the company as the cement sector faces significant consolidation. |
JSW to make switch to Portland Slag Cement, India26 September 2014, Published under Cement NewsJSW Cement Ltd will be completely switching over to the production of Portland Slag Cement (PSC), its CEO, Anil Kumar Pillai, has revealed. Speaking to local reporters, Pillai said slag cement was “ideally” suited to both infrastructure and housing constructions “We have 6Mta of cement production capacity and will be producing only this variety of cement,” he added. The price for the product has been fixed in the range of INR275-325/bag of PSC. The company is expecting an increase in deman... |