Cement News tagged under: international
DG Khan full-year profit up 8% YoY18 September 2014, Published under Cement NewsPakistan-based producer DG Khan reported an eight per cent YoY rise net profit to PKR5.96bn (US$58m) for the full fiscal year ending 30 June 2014. The increase in earnings was primarily supported by lower distribution costs and financial charges, according to Global Research. Revenues rose by seven per cent to PKR26.54bn as prices rose 12 per cent YoY to PKR506/bag despite a decline in sales volumes to 3.96Mt. Despite the higher cement prices, the company’s margins declined by two p... |
Fujairah factory operations suspended for environmental violations18 September 2014, Published under Cement NewsThe UAE’s Ministry of Environment and Water (MoEW) has ordered the suspension of operations at a cement factory in Fujairah for one month due to violations of Cabinet Resolution No 24 (2011) for environmental protection, according to reports by Gulf News. “The ministry is strictly implementing laws and regulations that promote environmental protection and sustainability, a press release issued by the ministry said on Tuesday. The MoEW regularly conducts inspections in collaboration with l... |
Tororo Cement joins Uganda’s Chamber of Mines and Petroleum18 September 2014, Published under Cement NewsTororo Cement has become the latest member to join Uganda’s Chamber of Mines and Petroleum (UCMP). Through joining the UCMP, whose members’ main objectives are to encourage and foster responsible exploration and participation in the mining and petroleum sectors, the Uganda-based cement producer will benefit from improved relations with the government. “We have strived to stay at the very top in Uganda’s mining sector, operating in the districts of Tororo, Kapchorwa, [and] Moroto,” BM Gag... |
Morocco’s market demand falls 5% in August17 September 2014, Published under Cement NewsThe Moroccan cement market is not about to recover. The latest figures indicate a third-consecutive year of contraction, according to APC, the Moroccan cement producers' association. The cement market has contracted at the end of August by 4.98 per cent to 9.3Mt, the latest data shows. The fall in sales, which started in 2012, has been due to a low residential housing demand, attributed to rising real estate and building material prices. In the first quarter of 2014, housing starts feel... |
Semen Indonesia eyes Papua plant construction17 September 2014, Published under Cement NewsPT Semen Indonesia is considering the possibility of constructing a cement plant in Papua to meet demand potential in the country’s eastern-most province and reduce distribution and logistic costs. Dwi Soetjipto, Semen Indonesia president director, told local press that the plant would either be located in Jayapura or Manokwari, the two largest cities in proximity to a limestone quarry. "We hope the study can conclude soon so that we can include the investment needed for the plant in o... |
Peru August cement sales slip 0.75% YoY17 September 2014, Published under Cement NewsIn August domestic dispatches in the Peruvian cement market edged 0.75 per cent down to 908,553t when compared with the same month of 2013, according to Asocem, the country’s cement producers’ association. Cement exports reached 30,083t during the period. Production advanced 2.44 per cent to 958,712t. Sales were 0.27 per cent down to 6,698,788t in the first eight months of the year from 6,700,650t sold in 8M13. Output from Peru’s cement factories reached 6,908,979t, up 0.9 per cent YoY ... |
PCA recognises outstanding safety records17 September 2014, Published under Cement NewsOn 25 August, the PCA recognised 10 cement plants with the Chairman’s Safety Performance Awards for outstanding safety records at its autumn meeting in Chicago, USA. PCA honoured plants in three categories designated by the number of hours employees collectively worked in 2013 for achieving superior safety records. The plants were: • Lehigh Hanson Inc, Bellingham, Washington – less than 200,500 employee hours • Riverside Crestmore Plant, Riverside, California – less than 200,500 employee h... |
Cementos Argos to boost Colombian capacity with new 2.3Mta line16 September 2014, Published under Cement NewsCementos Argos is to expand its Sogamoso cement plant, located in the Boyacá department of Colombia, with a new 2.3Mta line, involving an investment of US$450m. The strategic location of the Sogamoso plant will enable the Colombian cement market leader to serve the Bogota market as well as growing demand in the centre of Colombia where around 70 per cent of cement consumption for the country’s infrastructure plant will be concentrated. As well as Bogota, the location of the plant allows fo... |
Morocco: Lafarge turnover slips 2.1% in 1H1416 September 2014, Published under Cement NewsLafarge’s Moroccan subsidiary, Lafarge Ciments, saw turnover in 1H14 slip by 2.1 per cent to MAD2.56bn (US$298m) as prices and a favourable product mix only partially offset by 3.6 per cent a 4.4 per cent decline in sales. Consolidated net income was down 5.1 per cent to MAD725m. For the second part of the year, cement demand is expected to remain weak and Lafarge is forecast to see its turnover down 1.5 per cent. |
Paraguay: cement price to fall 15%16 September 2014, Published under Cement NewsCement prices in Paraguay are forecast to fall 15 per cent and production raised by 18,0000 from its present 47,000 bags after several capital investments by Industria Nacional del Cemento (INC) are completed, according to Jorge Méndez, the cement company’s president. The largest investment relates to the fuel conversion of the kiln. “At present we are currently in the pre qualification stage of this project and will award the contract at the end of the year. The conversion will reduce co... |