Cement News tagged under: international
Dangote: new capacity development update28 March 2014, Published under Cement NewsFull-year results from Dangote Cement show the company has been outperforming growth in its domestic market of Nigeria as new capacity boosts market share. With a number of new projects scheduled for completion this year both on the home front and across the sub-Sahara Africa region, the emerging cement major is targeting 60Mta of production, grinding and import capacity by 2016. On Wednesday the company delivered its 2013 financial review highlighting that revenues rose by 22.4 per ... |
Holcim suspends Joliette investment27 March 2014, Published under Cement NewsHolcim said it would suspend its CAD250m (US$225m) investment to expand capacity at its Joliette works in Canada given the potential economic uncertainty caused by the new Port-Daniel-Gascons cement works in Gaspésie, Québec, local press have reported. The Québec government recently awarded a CAD250m grant and tax benefits for 10 years to the greenfield project by McInnis Ciment. "We put the project on hold until we know really what impact the arrival of the new plant. We do not want to p... |
Vicem February sales rise 42% YoY27 March 2014, Published under Cement NewsVietnam Cement Industry Corp (Vicem), the country’s leading cement producer, sold 1.48Mt of cement and clinker in February, up 2.78 per cent from the previous month and 42 per cent from a year ago. Of the total, 1.12Mt of cement and clinker were sold domestically, a rise of 15.1 per cent YoY, while 359,000t of were exported – marking an increase of 513 per cent YoY, In the first two months of the calendar year, total sales rose three per cent YoY to 2.84Mt, of which 2.14Mt was sold to the ... |
Belarus set to increase cement exports to Russia27 March 2014, Published under Cement NewsBelarus is set to increase cement exports to Russia by 0.5Mt this year, according to Belarusian Archictecture and Constructions Minister Anatoly Chernyl. In line with an agreement with the Eurocement Group of Russia, exports will rise by 0.5Mt in 2014, the Belarusian Telegraph Agency quoted the official as saying. Belarus has guaranteed the delivery of 1.5Mt of cement to Eurocement in 2014 and with another 0.5Mt available to the market, exports to Russia from Belaruse could potentially inc... |
Bolivia: Itacamba starts Yacuses construction in May26 March 2014, Published under Cement NewsItacamba will start building its new cement plant in Yacuses, Bolivia, on 13 May when civil works on the project commence. In April, heavy equipment will roll onto the terrain to prepare the 7ha site for construction. The Yacuses works reflects an investment of US$200m. With a production capacity of 0.85Mta will cover the current 0.5Mta supply deficit in the Santa Cruz market. The project represents the realisation of a shelved 40-year old plan. However, two years ago, the project was... |
Lafarge Ciments plans Moroccan integration26 March 2014, Published under Cement NewsLafarge’s Moroccan subsidiary Lafarge Ciments will be proposing a merger with Lafarge Bétons and Lafarge Granulats, its concrete and aggregates divisions at the company's next General Meeting. "This will allow the deployment of an integrated development strategy of service offers and constructive solutions and, a stronger cooperation between the Group's various activities. It would also implement the synergies between the different business areas and improve the positioning and visibility... |
Pakistan exports decline over 8MFY1426 March 2014, Published under Cement NewsPakistan exports have declined in the first eight months of the current fiscal, both in terms of volume and revenues. During the July 2013 – February 2014 period, exports totaled 5.46Mt on revenues of US$332.02m compared to 5.81Mt at US$376.71m in the same period of last year. This translates into a fall of 6.04 and 11.86 per cent in quantity and dollar value, respectively. Similarly, in terms of the Pakistan rupee, exports fell by 3.71 per cent to PKR34.77bn over the Jul-Feb perio... |
China cement prices ease26 March 2014, Published under Cement NewsCement prices in China eased to a national average of CNY361/t (US$58) by 28 February 2014, down from a recent peak of CNY373/t (US$60) on 20 January, according to figures from Digital Steel. The downturn was largely due to weakening prices in Central Southern and Eastern China. Meanwhile, the industry's inventory ratio climbed to 72 per cent by end-February, up from a trough of 62 per cent on 8 November 2013. Figures from the National Bureau of Statistics show output rising by 10.8 per cen... |
Singha's Sri Lanka terminal on track for 2015 completion26 March 2014, Published under Cement NewsSingha Cement’s new state-of-the-art Sri Lankan cement terminal is on track for completion next year, doubling the company's existing capacity. “The reason for this expansion is to meet the high demand for Singha cement in the country as well as to provide an enhanced, quality service to our customers,” Colin Nelson, managing director of the company, told Lanka Business Today. Singha Cement, part of the Italcementi Group, currently operates a land based terminal at Peliyagoda in Colombo, f... |
Kuwait Cement profit rises 16.3% YoY26 March 2014, Published under Cement NewsKuwait Cement Co (KCC) announced profits of KWD17.1m (US$60.7m) with earnings per share (EPS) at 26.1 fils for 2013, compared to a net profit of KWD14.7m and EPS of 23.7 fils in 2012. KCC said in statement on the website of Kuwait Stock Exchange (KSE) yesterday that the company's board of directors recommended the distribution of 18 per cent cash of the fiscal year ended in December 2013.? Shareholder equity reached KWD194m in 2013, compared to shareholder equity of KWD151.6m in 2012, wit... |