Cement News tagged under: international
Swiss cement industry to solve future raw materials shortage27 January 2014, Published under Cement NewsFive out of six cement plants in Switzerland are expected to run out of limestone and marl over the next 10-15 years. As their existing quarries border areas with protected status as landscapes of national significance, they can not be readily expanded. “We have to find a solution that enables a reduction in these areas,” says Georges Spicher, director of cement association cemsuisse. However, the negotiations with the federal government, the cantons and communities are likely to be dif... |
Vietnam's Jan cement output increases27 January 2014, Published under Cement NewsVietnam is estimated to produce 4.8Mt of cement in January, up three per cent YoY but down 13.24 per cent from December 2013, the government General Statistics Office said in a monthly report. The office revised down the country’s cement output in December 2013 to 5.5Mt the earlier estimated figure of 5.7Mt. In 2013, Vietnam’s cement output hit 56.84Mt, according to the revised figure. |
Fitch Ratings raises GCC outlook27 January 2014, Published under Cement NewsFitch Ratings has revised its outlook for Grupo Cementos de Chihuahua (GCC) from 'Stable' to 'Positive.' The upward revision reflects Fitch's view that GCC's operations could gain momentum resulting from US construction spending expanding in 2014 driven by continued strength in residential construction, and to a lesser extent in modest recovery in commercial and public construction spending. The outlook also incorporates an expectation of higher public spending in Mexico in 2014. In Fitch... |
Morgan Stanley maintains Cemex rating27 January 2014, Published under Cement NewsMorgan Stanley has maintained its 'Overweight' rating on Cemex, raising its price target to US$14.00 from US$13.00. It believes that the Mexican cement major could be turning the corner in its domestic market where demand will be driven by infrastructure in the first half of the year, and by retail and housing projects in the latter half. Morgan Stanley analysts Nikolaj Lippmann and Lillian Starke, have said that the Cemex-Holcim asset swap deal announced in August 2013 could be the fir... |
Dangote heads to South America?24 January 2014, Published under Cement NewsDangote Cement plc is planning to build a presence in three South American countries, according to Nigeria’s economic newspaper Business Day, quoting Devakumar Edwin, Dangote’s CEO. Mr Edwin said the company has signed a joint-venture agreement with an undisclosed regional firm. He also refused to name the three countries concerned, saying only that they “have enormous natural resources and experience high growth rates.” His reticence to offer further information he attributes to reasons of... |
Cade likely to impose fine on Brazil producers24 January 2014, Published under Cement NewsBrazil's antitrust watchdog Cade is likely to impose fines totalling BRL3.1bn (US$1.3bn) on six cement producers for alleged market collusion. Late Wednesday, four of five members of the board of Brazil's Administrative Council for Economic Defense, or Cade, voted for the penalties, while the remaining member requested a review of the process. Under the regulator's rules, during the review period Cade members can change their votes. Cade didn't offer a timetable for a final decision. Ac... |
West China Cement completes Phase 1 of waste sludge treatment facility24 January 2014, Published under Cement NewsWest China Cement announced that it has completed Phase 1of its first waste sludge treatment facility at its Lantian plant, as part of on-going energy conservation and environmental protection efforts. The facility has been established under the auspices of the Shaanxi Provincial and Municipal Environmental Protection Administrative Department to co-treat industrial waste produced by the new manufacturing plant of Samsung (China) Semiconductor Corporation (Samsung) in Shaanxi Province. ... |
CBR to close Harmignies cement plant, Belgium23 January 2014, Published under Cement NewsCBR, part of HeidelbergCement, announced Wednesday to staff representatives that the company plans to close the Harmignies 0.22Mta white cement plant in Belgium, a move which is expected to affect 97 jobs. "This announcement can be explained by the structural difficulties faced by the plant as well as the deterioration of the white cement market. If it is confirmed, this could generate for the collective dismissal of 97 workers at the site," said the works’ management, stressing that a the... |
February launch for Cimaf plant23 January 2014, Published under Cement NewsCiments de L’Afrique (Cimaf), a subsidiary of Ciments de L’Atlas, has said it intends to officially start production at its Doula grinding plant in Cameroon next month. The new milling facility, located in the industrial zone of Bonabéri, will have an initial cement capacity of 0.5Mta and be supplied with clinker from Morocco. According to local sources, the last bagging tests were recently concluded and the first bag of cement was produced on 27 November 2013. Polysius France was aw... |
Ahangarancement output rises in 2013, Uzbekistan23 January 2014, Published under Cement NewsAhangarancement, part of the Eurocement Group, produced over 1.116Mt of clinker and 1.62Mt of cement in 2013. The Uzbekistan-based producer said clinker volumes rose by 13 per cent YoY (or 137,600t) while cement output was up by six per cent (86,400t). The company’s shipments increased by 88,100t to 1.613Mt last year, an increase six per cent. Shipments of bagged cement also rose by 23 per cent YoY. Its PPC 400 cement type was the biggest seller in 2013, accounting for 40.8 per cent of sh... |