Cement News tagged under: international
Indonesian July 2014 cement delivery fall 25%11 August 2014, Published under Cement NewsIndonesian cement dispatches dropped by a quarter YoY to 3.7Mt in July 2014. The slowdown is attributed to falling economic growth, the presidential election and the Idul Fitri/Lebaran holiday. Apart from business closures, the holiday also leads to the large-scale movement of workers to their hometowns, which results in trucks being banned from specific roads. According to Widodo Santoso, chairman of the Indonesian Cement Association (ASI), cement sales are expected to recover and expand... |
Kenya National Cement Co to expand with IFC finance11 August 2014, Published under Cement NewsThe IFC is providing up to US$70m to Kenya's National Cement Company Ltd (KNCC) to expand the cement producer's operations, increase the local cement supply and promote infrastructure development in Africa. IFC will provide up to US$55m in debt. In addition, IFC and the IFC African, Latin American and Caribbean Fund will inject US$15m equity into National Cement and will have a seat on the company’s board, said the IFC in a statement. The project marks IFC’s largest investment in building... |
Changes needed to Pakistan cement tariffs and tax11 August 2014, Published under Cement NewsWith domestic cement dispatches dipping in July to 1.73Mt compared with 1.85Mt during same month last year, Pakistan producers witnessed a decline of 6.52 per cent. Furthermore, exports last month were 503,000t against 749,000t during July 2013, a reduction of 32.89 per cent. Total dispatches during July were only 2.23Mt compared to 2.6Mt during same month last year, a decline 14.12 per cent. Now the Pakistan Cement Manufacturers Association (APCMA) is requesting the government to consider c... |
China: MIIT issues warning on new capacity08 August 2014, Published under Cement NewsChina’s Ministry of Industry and Information Technology (MIIT) has issued an emergency decree ordering regulatory departments across the country to stop the cement sector from adding new capacity. The move is in response to some local governments indiscriminately launching new capacity to spur a slowing economy, ignoring the country's restructuring efforts. Policymakers have tried repeatedly in recent years to eliminate excess capacity in the cement sector as part of efforts to restructure... |
New alternative fuel for Lafarge Canada BC cement plant08 August 2014, Published under Cement NewsLafarge Canada Inc and Van Houtte Coffee Services Inc are teaming up to replace a portion of Lafarge's fossil fuels energy at the Kamloops, British Columbia (BC) cement plant with used K-Cup® packs. Some 70,000lbs per annum of used K-Cup® packs will have a second life as an alternative fuel source rather than being sent to landfill, according to a statement by Lafarge Canada. K-Cup® packs have been specifically identified and permitted as an alternative fuel for the Kamloops plant. "As par... |
Tajikistan output surpasses 0.6Mta in first seven months08 August 2014, Published under Cement NewsOver the first seven months of the year, Tajikistan produced more than 0.6Mta of cement, some 0.58Mt more than the same period of last year, according to data from the country's Ministry of Industry and New Technologies (MoINT). The Yovon cement plant, which launched operations in late September 2013, accounted for around 443,000t of cement output during the reporting period. With 10 cement plants now operating in Tajikistan, the country targets 1Mta of cement production in 2014, accor... |
Pokot factory nearing construction phase, Kenya07 August 2014, Published under Cement NewsConstruction is expected to start on the Pokot Cement Factory as the establishment of preliminary facilities gets underway. Governor of West Pokot, Simon Kachapin, said that the Indian investors behind the factory have been allowed to start setting up associated facilities such as housing for the workers who will construct the plant. The new 1.2Mta plant is being established by Cemtech Ltd, a subsidiary of the Sanghi Group of India. As part of the project, the group will also set up a 6... |
Limak Cimento in Côte d'Ivoire joint venture06 August 2014, Published under Cement NewsLimak Cimento, part of the Turkish conglomerate Limak Holding, is to enter the Côte d'Ivoire market through a new grinding and packaging plant venture with local partner Afrikbat. The two parties held a signing ceremony in Ankara, Turkey, to establish the joint venture companies named Limak Afrika SA, news agency Anadolu Ajansi reported. Limak will hold a 51 per cent stake. Construction of the 1Mta plant, to be built in Abidjan, will start this year and is expected to launch in the thi... |
Algeria to become net exporter?06 August 2014, Published under Cement NewsAlgeria's cement imports have increased by 30 per cent to US$283.9m in 1H14, according to the country's Customs Office. In terms of volumes, imports reached 3.086Mt in the six first months of 2014, up 26.6 per cent when compared with 2.438Mt in 1H13, said the National Information and Statistics Office. However, Algeria's current cement shortage could be reversed in the next few years as several new plants enter service. The most recent project, funded by the National Investment Coun... |
Mauritius opens LafargeHolcim merger inquiry06 August 2014, Published under Cement NewsThe Competition Commission of Mauritius (CCM) has opened an inquiry to determine whether the merger of Holcim and Lafarge will have a negative impact on the competition in the island's cement market. If the merger is completed successfully, Lafarge and Holcim have said they will both sell their holdings in Holcim (Mauritius) Ltd to a third party. "We appreciate that the merger parties have informed the CCM of their actions and are reactive with respect to measures that restore competiti... |