Cement News tagged under: international
Deutsche Bank lowers China demand forecast27 May 2014, Published under Cement NewsAccording to the latest research report by Deutsche Bank, cement demand forecast was lowered to 4.5 per cent, due to the recent slowdown in the real estate market in China. However, the forecast still exceeds cement supply of 1.9 per cent. The target prices of cement stocks were reduced in accordance with the adjustments on sales volume and average selling prices. |
Lafarge Malaysia mulls export opportunities26 May 2014, Published under Cement NewsLafarge Malaysia is exploring the possibility of exporting cement to other markets in Southeast Asia and around the Indian Ocean, its chief executive has said. Speaking to local press, Bradley Mulroney said the company is considering exporting to Myanmar, Sri Lanka, Bangladesh, Maldives, Mauritius, among other countries. However, he emphasised the company's commitment to serving Peninsular Malaysia. Last week, the country's leading cement producer reported a rise in revenue and net pro... |
New Kyrgyz Republic plant planned26 May 2014, Published under Cement NewsA new cement plant is to be constructed in the Aravan district of Osh province, Kyrgyz Republic. The main investor in the 500tpd facility is a Chinese company, according to local press reports citing a statement from the press service of the the regional administration. "The agreement between the Chinese company and the Head of Alya Anar rural district stipulates that locals will be employed," the statement said. |
Ecuador monthly sales see marginal YoY gains26 May 2014, Published under Cement NewsEcuador cement sales during January-April 2014 period reached 2.047, just 0.8 per cent ahead on the 2.030Mt sold in the comparative period of last year, latest data from domestic cement and concrete institute INECYC shows. April 2014 sales totalled 524,903t down 3.8 per cent from the same period of last year when dispatches reached 545,440t. However, sales were higher than those recorded in March 2014 (497,600t), representing a 5.5 per cent MoM increase. |
Lafarge Republic & Global Power team up for special cement variant26 May 2014, Published under Cement NewsLafarge Republic, Inc (LRI) and Global Business Power Corporation (GBPC) have launched an initiative aimed to lower the costs of rehabilitation projects, such as the rebuilding efforts for Yolanda- and the Bohol earthquake-affected areas of the Philippines, through the introduction of a special cement variant called “Kapit–Balay” cement. Kapit-Balay cement is a result of the Total Ash management partnership between LRI and GBPC. Under this collaboration, Lafarge utilises the fly ash from GB... |
PPC to construct Harare mill, Zimbabwe23 May 2014, Published under Cement NewsPPC said it would spend US$80m on a cement mill in Harare, Zimbabwe, to be commissioned in 2016. The new mill, to be funded by a corporate loan, is expected to boost operating efficiencies. The company is planning to close less efficient mills at its Bulawayo factory. Last year, PPC announced it would also construct a clinker plant in Mt Darwin in northern Zimbabwe and a cement mill in Tete province, Mozambique. Market slowdown In an interim trading statement released earlier th... |
Moroccan cement sales fall 3.1% in April23 May 2014, Published under Cement NewsCement sales in Morocco took a further dip in April, declining by 3.1 per cent YoY, according to the Ministry of Economy and Finance. For 2014, the cement industry expects another challenging year. Holcim Maroc forecasts a four per cent decline, in addition to the 6.3 per cent market contraction experienced in 2013. |
Tunisian prices to rise following government subsidy cut23 May 2014, Published under Cement NewsThe price of cement in Tunisia is to rise following the announcement by Kamel Bennaceur, Minister of Energy and Mines, that the government will remove the subsidy on cement. Prices are set to increase by TND7.5-8 (US$4.6-4.9) local news sources have reported. |
Trinidad Cement shelves bond offering23 May 2014, Published under Cement NewsTrinidad Cement dual-currency offering of speculative-grade notes has been postponed to await more favorable market conditions, according to a company statement. The deal was intended to target refinancing efforts and support general corporate purposes, and terms on an oversubscribed order book were not consistent with the company’s development strategies. A $300 million tranche of seven-year (non-call four) secured notes was talked in the 9.5 per cent area, and the same went for a $25 m... |
Eurocement inks US$500m Chinese supply deal21 May 2014, Published under Cement NewsRussian cement major Eurocement Group has signed a package of contracts with Chinese companies for equipment supply, engineering, installation supervision and employee training services, totalling over US$500m. The contracts were signed with units of China’s Sinoma, CNBM, and Sinomach. “The contracts signed 20 May 2014 imply a delivery of a complete set of equipment necessary for the construction of new production lines for the production of cement using the so-called dry method,” a press r... |