Cement News tagged under: international
Iran to increase cement exports to Iraq15 September 2014, Published under Cement NewsIraq has agreed to increase the volume of cement exports from Iran, a senior trade official has said. "As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh, Chazzabeh and Mehran border terminals," Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency, as quoted by Zawya news. He noted that the new regulations have been adopted by Iraq's Trade Ministry. Last week it was reported tha... |
Raysut signs Somaliland jv terminal project15 September 2014, Published under Cement NewsOmani producer Raysut Cement has announced that it has agreed a deal with Barwaaquo Cement of Somaliland to operate a joint venture terminal for the packaging and distribution of cement. The two companies will build a US$7.5mn terminal in the port city of Berbera which will have the ability to store and distribute both bagged and bulk cement set to be delivered from Oman by sea. It will have a capacity to store up to 12,000t of cement and completion is scheduled for the end of 2015. R... |
Vanguard signs east Indonesian mining concession15 September 2014, Published under Cement NewsVanguard Mining Corporation has agreed with Yupolo Resources to buy 80 per cent of equity interest in the company and co-develop a 3500ha gypsum and limestone concession in Nusa Tenggara Timur, Indonesia. It is expected that the gypsum deposits will be in excess of 30Mt, while the limestone deposits are approximately 400Mt. The proposed mining concession is just 4km from the newly expanded Menanga Sea Port. Both the companies are jointly planning to develop this concession in four stages... |
Eren Holdings to build cement plant in Cameroon12 September 2014, Published under Cement NewsTurkey-based Eren Holdings has signed an investment agreement with the Cameroon government which will see its local subsidiary Medcem build a new cement plant in the African country. The new works is expected to add 0.6Mta to the domestic production base, which currently consists of Lafarge’s Cimencam 1.6Mta plant and the 0.5Mta Cimaf unit of Addoha. In addition, Dangote Cement has scheduled the start-up of a 1Mta works in October. Current cement demand in Cameroon is estimated at 2.8M... |
Egypt: Sinai Cement to self-finance coal conversion12 September 2014, Published under Cement NewsEgypt's Sinai Cement (SCEM) said that its planned plant coal conversion worth EGP300m (US$42m) will be fully financed by the firm's cash flows. The company added in a bourse statement on Wednesday that it will not resort to neither loans nor credit facilities to fund the plant's conversion to coal. (Source: EGX & Arab Finance Editor) |
Pick-up in south Indian prices12 September 2014, Published under Cement NewsCement producers with operations in the south of India are expected to see improvements in profitability helped by better price realisations and an anticipated increase in demand. Cement demand in south India is expected to be boosted after the formation of the Telegana state, ending political state, a report by the Economic Times of India stated. Moreover, prices in the south, particularly Andhra Pradesh which had remained weak, have been looking up since June, the report added. Price i... |
PCA praises action by Congressional leaders on nation's waterways12 September 2014, Published under Cement NewsThe Portland Cement Association (PCA) has said it applauds the US House of Representatives for passing legislation which protects states’ primary authority in protecting the nation’s waterways. The Waters of the United States Regulatory Overreach Protection Act (H.R. 5078) will provide appropriate safeguards against regulatory overreach while allowing industry the certainty it needs to continue moving our nation’s economy forward. “PCA fully supports this bipartisan effort to establish nec... |
PCA: demand growth in 2014 and beyond11 September 2014, Published under Cement NewsCement consumption is expected to grow in the United States through 2014, followed by additional gains in 2015 and 2016, according to a recent Portland Cement Association (PCA) economic forecast. Consistent with a report earlier this spring, cement consumption will increase 7.9 per cent this year compared to 2013 levels. The forecast indicates considerable evidence that the economy's growth path has strengthened from gains in the labor market, low consumer debt, and increased consumer wealt... |
Indonesian August sales higher11 September 2014, Published under Cement NewsIndonesia cement sales jumped 37.4 per cent YoY to 4.7Mt in August 2014 on the back of higher demand from the property and infrastructure projects. Widodo Santoso, chairman of the Indonesian Cement Association (ASI), said that the development of smelters, power plants, apartments, hotels, and social housing has been key to improved cement sales last month. However, the 37.4 percentage point growth was also caused by fewer working days in August 2013 as the Idul Fitri holiday fell in that ... |
State Window authority clears Bhavya Cements grinding plant proposal11 September 2014, Published under Cement NewsThe State Level Single Window Clearance Authority (SLSWCA) has approved the proposal by Hyderabad-based Bhavya Cements Ltd to set up a 3Mta cement grinding unit in in Dhenkanal district, Odisha state. "Of the 5-6 proposals that came up for the consideration of SLSWCA, we have approved the project of Bhavya Cements Ltd. The land requirement for the project will be assessed," the SLSWCA said. |