Cement News tagged under: international
Siam Cement Group plans greenfield Laos plant01 May 2014, Published under Cement NewsSiam Cement Group, Thailand's largest industrial conglomerate, is set to construct a greenfield cement factory in Laos, president and chief executive Kan Trakulhoon, has revealed. The Bangkok Post reported that the board of directors have approved a plan to build the works with a cement capacity of 1.8Mta. The new plant, to be located in Khammouane province, will become operational in the second quarter of 2017. |
MPA: strong first-quarter points to positive start to 201401 May 2014, Published under Cement NewsMPA results for 1Q14 indicate significant increases over the same period of 2013 for the British minerals products and construction sectors, albeit lower than the last quarter of 2013. Aggregates and asphalt sales volumes were about 17 per cent higher and ready mixed concrete sales five per cent up in 1Q14. These strong volumes need to be put in the context that 1Q volumes in 2013 were historically low and markets had yet to see the benefits of the sharp pick up in housing activity from Apr... |
Pakistan export volumes and revenues fall01 May 2014, Published under Cement NewsPakistan export volumes have seen a decline in the first nine months of the current fiscal both in terms of volumes and dollar value. However, latest monthly figures show a significant increase in exports to India. For the July 2013 – March 2014 period, Pakistan exported 6.123Mt of cement on revenues of US$374.78m compared to 6.522Mt at US$421.12m in the comparative period of the previous year. This translates to YoY declines of 6.11 and 11.11 per cent in terms of quantity and value, respe... |
JK Lakshmi explores further avenues of growth01 May 2014, Published under Cement NewsJK Lakshmi Cement, part of the HS Singhania Group, is looking to lift capacity to around 20Mta over the next five years after its latest round of expansion is complete. By end-March 2016, the company will have a total cement manufacturing capacity of 11Mta with units across Durg in Chhattisgarh, Sirohi in Rajasthan and grinding facilities in Kalol (Gujarat) and in Jharli (Haryana). Speaking to the Economic Times, JK Lakshmi Cement wholetime director Shailendra Chouksey said: "We plan to l... |
Chinese sector set for turbulent ride – MS01 May 2014, Published under Cement NewsThe Chinese cement industry is in for a turbulent ride, according to analysts at Morgan Stanley, as falling construction starts and infrastructure investment affect demand. "Slower sales momentum, rise in inventory and tighter credit conditions will drive developers to start destocking, which would undermine new construction starts in 2014 and even into 2015," the investment bank said. Fewer land purchases by developers will also hit funding to local government and therefore infrastructure... |
Cemex LatAm Holdings sees growing cement shipments in Colombia30 April 2014, Published under Cement NewsCemex Latin American Holdings' turnover increased by 10.3 per cent in first quarter of the year to US$422.8m, but the EBITDA was just 0.2 per cent ahead at US$141m. The increase at the trading level was 2.4 per cent to US$118.1m. After a net interest charge 17 per cent lower at US$24.4m, the pretax profit did improve by 13.3 per cent to US$94.3m and the net attributable profit more than doubled to US$54.6m. Net debt at the end of March was 18.5 per cent lower than a year earlier at US$123... |
Peru: Pacasmayo 1Q net income down30 April 2014, Published under Cement NewsPeruvian producer Cementos Pacasmayo reported a drop in net income of 11.8 per cent YoY to PEN39.8m (US$14.1m) in the first quarter of 2014. EBITDA came in at PEN80.7m compared to PEN81.3m in the corresponding period of 2013. However, cement sales volumes grew by four per cent YoY, exceeding market growth, with cement net sales improving by 5.9 per cent YoY and total sales by three per cent YoY. During the Jan-Mar 2014 period, cement shipments in Peru increased marginally by 1.35 per cen... |
Philippine sales climb in first three months30 April 2014, Published under Cement NewsSales of local cement manufacturers grew by 8.6 per cent to 5.2Mt in the first three months of the year, on the back of continued growth in the construction and real estate industries. Cemap president Ernesto Ordoñez told the Philippine Inquirer that the increase in sales could be attributed to the hike in infrastructure spending by the government, as well as the continued spending and the confidence shown by the private sector in the local economy. Going forward, Ordoñez added that C... |
Russia’s cement industry gathers in St Petersburg29 April 2014, Published under Cement NewsCement producers from Russia, CIS countries and Eastern Europe have gathered in St Petersburg, Russia, for the 8th Petrocem international cement conference and exhibition. Addressing delegates on the first day of the meeting, Mikhail Skorokhod, president of Eurocement Group, the leading cement producer in Russia, heralded the emergence of a modern and more efficient cement industry in the region, where dry-process cement plants utilising state-of-the-art technologies are now becoming the no... |
Full-year Iranian exports reach 18Mt29 April 2014, Published under Cement NewsIran exported around 18Mt of cement in the Iranian calendar year that ended on 20 March 2014, IRNA cited a report published by the Iranian Ministry of Industry, Mines and Trade on Sunday. The Tehran Times noted that the country’s annual cement output is currently about 80Mt, of which 50Mt is used domestically. In August 2012, former Iranian Industry, Mines and Trade Minister Mehdi Ghazanfari said that the country's cement production capacity would reach 110Mt by 2015. |