Cement News tagged under: international
Vietnam: Thach My cement plant launches operations25 March 2014, Published under Cement NewsXuan Thanh Investment and Development JSC has started operations of its Thach My cement plant in the central Vietnam province of Quang Nam. The plant has a design capacity of 1.7Mta in the first phase. It was identified as a key project of the province when construction started in July of 2010. |
Thailand demand growth to halve in 201424 March 2014, Published under Cement NewsThe protracted political crisis in Thailand is impacting the domestic construction market, and cement consumption is expected to grow at half the rate expected, according to President and CEO of Siam Cement Group. "The overall market of cement and construction materials has shrunk over the past couple of months thanks to the sluggish economy which has been hit by the prolonged political problems,'' Mr Kan told the Bangkok Post. "Earlier we forecast the two industries should increase by 8-9... |
Eastern Province to launch new mill in 2Q1524 March 2014, Published under Cement NewsEastern Province Cement (EPC) is to launch commercial production at a new cement mill in April 2015. The construction of the grinding unit, with a capacity of 150tph, will be completed in October 2014, officials said yesterday. The equipment at the new facility will be installed over a period of two-and-a-half months, with the trial period to take three months, by end-March 2015. Earlier in March 2014, the cement manufacturer announced a SAR309m (US$82.4m/EUR59.4m) net profit for 2013, down... |
India: local tax on coal mines to hit cement firms24 March 2014, Published under Cement NewsIndia's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a new tax. The rationale behind the coal ministry's proposed increase in taxes on cement and steel companies that own coal mines is that, while they are insulated from the market vagaries as far as this key input is concerned, their output prices are market determined, leading to an undue advantage. The exact amount of ... |
Senegal cement battle looms24 March 2014, Published under Cement NewsAliko Dangote, Nigeria's powerful industrial conglomerate owner, is facing a battle to get his Senegalese cement plant up and running due to legal action and stiff competition. Vicat and its Sococim subsidiary in Senegal are ready to protect market share in west Africa by taking on Aliko Dangote. Dangote's Senegalese plant, one of the largest in Africa, is scheduled to start operation "within 90 days", Aramine Mbacke, the CEO of Dangote Senegal, told Financial Afrik magazine earlier th... |
India: ACC lined up to buy into two cement joint ventures24 March 2014, Published under Cement NewsACC (Holcim) is likely to buy Jaypee Group 74 per cent stake in two separate cement joint ventures with state-owned steel maker Steel Authority of India Ltd, according to the Business Standard. The two joint ventures are located at Bhilai (Chhattisgarh) and Bokaro (Jharkhand) with a total capacity of just over 4Mta. Jaypee Group has been struggling with debts and has been in talks with ACC to hive off some assets. In a BSE filing, Jaypee Group said its Board would meet "to consider stake ... |
Congo Rep opens Dolisie cement plant24 March 2014, Published under Cement NewsDenis Sassou Nguesso, President of the Republic of Congo, inaugurated a new cement works in Dolisie, located in the south west province of Niari, on Saturday 22 March. The 0.3Mta works was financed and built by China-based Forspak International, who invested XAF34bn (US$71m). Forspak CEO, Pen An Ping, said the plant will contribute significantly towards satisfying the country’s demand for cement. According to the industrial development and private sector minister Isidore Mvouba, current c... |
Lafarge Pakistan donates to drought-affected Tharparkar district21 March 2014, Published under Cement NewsRizwan Jamil (second-left), Lafarge Pakistan country marketing director, presents the donation to the Edhi Foundation Employees of Lafarge Pakistan have donated towards helping drought affected children and families in the Tharparkar district, Sindh province. A number of children have died in the Tharparkar desert due to the effects of the drought. The Edhi Foundation will use the money to fulfill basic needs of the drought-affected children and families in Tharparkar such ... |
Ecuador’s monthly sales return to growth21 March 2014, Published under Cement NewsEcuador cement sales in February rose by 14.3 per cent YoY to 511,794t, latest data from domestic association INECYC reveal. For the first two months of 2014, sales advanced by four per cent to 1.024Mt. The February advance follows a 4.6 per cent YoY decline in January sales, the association’s statistics show. |
Algeria sees decline in January imports21 March 2014, Published under Cement NewsAlgerian cement imports fell 13.6 per cent YoY during January 2014 as the value of imports fell from US$26.79m to US$23.16m. In terms of volumes, January saw cement imports contracted from 326.79t to 266.87t. Algeria expects to cease cement imports in four years’ time as it develops its national production capacity, said the country’s Minister for Industrial Development and Investment Promotion, Amara Benyounes in a recent statement. |