Cement News tagged under: international
Semen Indonesia increases Vietnam spend18 July 2014, Published under Cement NewsSemen Indonesia has increased the amount it plans to spend on its next Vietnamese acquisition as it sets its sights on a higher-capacity purchase. Speaking to the Jakarta Globe, president director Dwi Soetjipto said Semen Indonesia is looking to acquire a second Vietnamese producer with a production capacity of 2.5Mta involving an investment of IDR3trn (US$250m). Dwi added that this was an upward revision from the company’s earlier plan, which had allocated IDR1trn for the acquisition of a... |
Cemex heading towards strong earnings rebound17 July 2014, Published under Cement NewsCemex is expected to post a significant rebound in pretax earnings for the full year, driven primarily by the US recovery and an anticipated pick-up in Mexican volumes and pricing, according to JP Morgan forecasts. In a largely positive report on Latin American cement companies, JP Morgan notes: "We like the Cemex story on the back of strong growth in EBITDA…especially from the US and Mexico. Also, growing free cash flow should help to un-leverage its balance sheet. Propelled princip... |
Change of Country CEO at Lafarge South Africa17 July 2014, Published under Cement NewsLafarge South Africa has announced that Kenneth MacLean has been appointed Country CEO, replacing Thierry Legrand who has taken up a new position at the Lafarge’s headquarters in Paris. After being with Lafarge South Africa for five years. Mr Legrand’s is taking up the role of Senior Vice President (SVP) of Transformation and Acceleration. In his new position Mr Legrand, who has been with Lafarge for 20 years, will focus on developing innovation within the group. Mr MacLean started with th... |
Indonesia ranks Vietnam’s top importer over Jan-May 201417 July 2014, Published under Cement NewsIndonesia accounted for the largest share of Vietnam’s exports over the first five months of this year, according to data from the Vietnamese Ministry of Industry and Trade. Indonesia imported 1.27Mt of cement and clinker from Vietnam, representing 12 per cent of sales over the January-May 2014 period. Taiwan ranked second with 581,600t, followed by Malaysia (423,371t), Chile (215,000t), Cambodia (206,473t) and Angola (193,159t). Vietnam’s domestic sales are expected to rise by nine pe... |
Argentina cement sales slip 1.8% YoY17 July 2014, Published under Cement NewsArgentina's cement deliveries fell 2.5 per cent MoM from 919,866t in May and 1.8 per cent YoY from 913,101t in June 2013 to 896,860t, according to the latest data from the country's cement association AFCP. Exports reached 14,637t in June, up 57 per cent from 9336t the previous month, but down 19 per cent from 18,030t noted in June 2013. For 1H14, Argentina's cement producers delivered 5,304,617t of cement, some three per cent less than 1H13. Moreover, exports fells sharply from 144,60... |
Lucky Cement plans Karachi coal-based power plant17 July 2014, Published under Cement NewsLucky Cement plans to invest in a coal-based power plant in Karachi, Pakistan, through its subsidiary Lucky Holdings Limited (LHL). The board is recommending to shareholders the approval of the US$200m investment to be set up by a new entity under the name of Lucky Electric Power Company Ltd, of which Lucky Cement would own a 75 per cent stake through LHL and has agreed to maintain at least a 20 per cent indirect stake to the sixth anniversary of the commercial date of operation. The ... |
Peru: June cement sales advance 0.84%16 July 2014, Published under Cement NewsCement shipments in Peru in June advanced 1.5 per cent to 807,953t in June 2014 from 795,896t in the same month last year, according to the country's cement producers' association, Asocem. For the January-July 2014 period, domestic sales edged up 0.84 per cent to 4,944,327t when compared to the equivalent period last year. Cement exports registered an increase of 25.9 per cent YoY to 116,177t from 92,271t. Peru's cement producers Cemento Andino, Cementos Lima, Cementos Pacasmayo, Cemen... |
SCG prepares to launch flagship products to Indonesian market16 July 2014, Published under Cement NewsSiam Cement Group (SCG) is preparing to introduce its three flagship products to the Indonesian market, a country high on the Thai building materials major's agenda as it looks to extend its southeast Asian presence. The three products are SCG’s energy-saving lightweight concrete SCG Smartblock, the quick-to-dry Portland composite cement SCG Cement PCC, and the ready-mixed concrete Jayamix by SCG Super Concrete. The products will be used to serve the Jakarta market initially. SCG Sma... |
Spanish consumption woes continue15 July 2014, Published under Cement NewsSpain's cement consumption fell two per cent YoY to 967,790t in June, according to the latest data from Oficemen, the country's cement association. The latest set of figures brings the total for the 1H14 to 5.2Mt, indicating a market contraction of 3.2 per cent over the same period of 2013. Isidoro Miranda, chairman, and Aniceto Zaragoza, CEO of Oficemen, have said they expect the year to close with a domestic demand of 10.4Mt and have called it "the worst year for the industry in half a ... |
OCL India inaugurates Bengal Cement Works15 July 2014, Published under Cement NewsOCL India Ltd, the flagship associate company of Dalmia Cement Bharat Ltd, announced the commissioning of its cement manufacturing unit at West Midnapore, West Bengal. Mamata Banerjee, Chief Minister of West Bengal, inaugurates the Bengal Cement Works, a unit of OCL India Ltd. Source: Dalmia Bharat Ltd The Bengal Cement Works was officially inaugurated by Chief Minister of West Bengal, Mamata Banerjee in the presence of dignitaries including Dr Sukumar Hansda, Minister for... |