Cement News tagged under: international
Tangshan Jidong to launch restricted shares, China08 January 2014, Published under Cement NewsTangshan Jidong Cement Co Ltd announced that 59,500 of the company's restricted shares (a 0.004 per cent stake) will become tradable from 9 January 2014, China Business Newswire reported. The Hebei Province-based manufacturer mainly sells construction materials. |
Morocco sales recovery in sight?08 January 2014, Published under Cement NewsOverall Moroccan cement sales proved disappointing through 2013, but industry body Association Professionnelle des Cimentiers (APC) is hopeful of an upturn this year. During the first 11 months of the year, cumulative cement sales declined by 6.52 per cent YoY, according to the latest APC data. Demand has been affected by credit constraints, the completion of some major public and private development projects, and a MAD15m cut to the state’s 2013 investment budget. Cement sales fell ... |
CRH full-year development spend07 January 2014, Published under Cement NewsCRH announced a total of seven acquisitions and investment initiatives in the second half of 2013, taking full-year development activity to EUR0.69bn. The company invested EUR0.22bn in the six months to the end of December last year, including one transaction in Asia, three under its American Materials division and a further three in its Distribution segment. Commenting on the these developments, CRH’s new chief executive Albert Manifold said: “Development spend of almost EUR0.7bn in 2013... |
Pakistan exports fall in 5MFY1307 January 2014, Published under Cement NewsDuring the first five months of FY13-14, Pakistan exported 3.749Mt of cement on foreign exchange revenues of US$225.30m, down 0.44 and 8.03 per cent YoY in terms of volume and value, respectively. However, on a more positive note, in local currency terms, Pakistan producers and exporters saw growth of 0.93 per cent to PKR23.48bn. The average price fell 7.63 per cent to 7.63 per cent to US$60.09/t from US$65.05/t in the same five months of the previous fiscal. According to Pakistan’s B... |
TCC retains top six slot in China07 January 2014, Published under Cement NewsTaiwan Cement Corp (TCC), one of Taiwan's top cement manufacturers, has retained its position as China’s sixth largest cement producer by capacity. Last year, Taiwan Cement had production capacity of 55.27Mt in China, up 2.06 per cent from a year earlier when it also ranked sixth, according to statistics released by China Cement Net on Friday. The company was the third largest supplier in southern China with capacity of 21.08Mt, trailing only China Resources (Holdings) Co and Anhui Conch ... |
Semen Baturaja sets higher 2014 capex07 January 2014, Published under Cement NewsPT Semen Batujara plans to increase capital expenditure for this year by 87 per cent YoY to IDR750bn (US$61.58m), according to reports by the Investor Daily. The investments will be geared towards increasing capacity and financing operating costs. The company plans to build a new factory to boost its capacity from 2Mta to 3.85Mta. The new plant is scheduled to begin operations in the fourth quarter of 2016. Semen Baturaja raised IDR1.3bn from an Initial Public Offering in June and will put... |
Zuari Cement’s commitment to India’s long-term potential06 January 2014, Published under Cement NewsZuari Cement is pressing ahead with new capacity plans in three Indian states despite current market challenges, citing huge long-term potential for domestic cement consumption. The Italcementi group company is setting up a grinding unit in Auj and Shingadgaon in Solapur (Maharashtra), a terminal in Kochi (Kerala) and a 3Mta integrated cement plant in Gulbarga (Karnataka). “The INR2500-crore capacity augmentation will go on in spite of the tough market conditions now, as we believe that ... |
HeidelbergCement completes the sale of Raigad grinding unit06 January 2014, Published under Cement NewsHeidelbergCement India has completed the sale and transfer of its cement grinding facility situated at Raigad in state of Maharashtra to JSW Steel, as a going concern on slump sale basis. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products. |
Saudi slowdown set to continue06 January 2014, Published under Cement NewsThe current slowdown being seen in the Saudi Arabian cement market due to labour shortages is set to continue in the short-term, NCB Capital has cautioned. Saudi cement sales declined by 15 per cent in November 2013 YoY following the expulsion of 2m illegal expatriate labourers. The crackdown led to suspension of construction projects and delays in the transportation of cement and as a result, NCB expects the market to be affected over the next 4-6 months Last week, Zamil Al Mugren, chairm... |
Pakistan first-half cement sales edge ahead06 January 2014, Published under Cement NewsPakistan’s cement sales in the first half of fiscal FY14 edged ahead by 1.8 per cent with a long-awaited pick-up in exports recorded in December, latest data from industry association APCMA shows. Overall sales increased by 3.8 per cent in 2013 with domestic sales increasing to 2.33Mt from 2.24Mt in the same month of the year before. After declining for the first five months of FY14, exports increased to 625,000t in December 2013 against 580,000t in December 2012, resulting in YoY grow... |