Cement News tagged under: international
Korean cement hit by USD19m losses as rail strike ends31 December 2013, Published under Cement NewsThe Korean railroad workers union called an end to its 22 day strike on December 30, leaving the domestic cement industry to count its losses. The cement industry relies on railway transportation for more than 30% of its transportation needs. The cement companies estimate that their combined loss for the 22 days of strike would be KRW20bn (USD19m), according to a report in the Korea Economic Daily. This was far worse than the strike in 2009 which lasted just eight days. The Korea Cement As... |
Indian cement recovery under pressure in 201431 December 2013, Published under Cement NewsIndian cement sales in 2014 are expected to remain under pressure on the back of slower government spending as fiscal deficit concerns mount, and a slow recovery in the capital expenditure cycle by private firms, according to a report by Mint (India). At the same time, higher costs may continue to weigh on the profitability of cement makers in the coming year. Analysts expect cement sales growth to improve only marginally to 6.5% next year compared to 4-5% in the current fiscal year, the re... |
Oman seeks anti-dumping measures30 December 2013, Published under Cement NewsUAE cement producers have defended their export levels to Oman after Raysut Cement Company calls for anti-dumping measures to be put in place to restrict imports from the neighbouring country. Raysut Cement is now urging the Omani government to put a "ceiling" on the amount of imports from UAE producers, stating that they " are offloading a large amount of cement in Oman, which has pushed prices down to a low level, especially in northern Oman," according to Samidh Mukhopadhya, CFO of O... |
North Holdings Investment Inc to construct Ethiopian plant30 December 2013, Published under Cement NewsNorth Holdings Investment Inc, an Ethio-American company based in the US, is to build an 8.4Mta cement factory in the Amhara Regional State near Dejen town. Company president, Temesgen M. Bitew, told The Reporter that his company is planning to build the two-line plant as well as set up a transport company and coal preparation plant. At an estimated cost of US$800m, Temesgen said the firm will secure the loan from a London-based investment bank. |
India Cements gets MoE go-ahead to double capacity30 December 2013, Published under Cement NewsIndia Cement has received the go-ahead by an appraisal committee under the Ministry of Environment (MoE) to double its cement capacity and set up a 40MW power plant at its Dalavoi works in the southern Indian state of Tamil Nadu. Clinker capacity at the plant will expanded from 1.24Mt to 2.77Mt while cement capacity will be increased from 2.16Mt to 4.71Mt. The project is expected to take around two years to complete and upon completion, the additional output will serve the markets of Tami... |
Fajar Group/Taiwanese Indonesian joint venture project30 December 2013, Published under Cement NewsThe Fajar Group is to build a cement factory in Barru, South Sulawesi, in collaboration with a Taiwanese firm, Indonesian press have reported. The 10,000tpd plant will be 80-per cent owned by the undisclosed Taiwanese company, Antara News quoted Fajar Group founder Alwi Hamu as saying. Hamu added that land clearance has been undertaken for the new plant and construction is expected to begin following Indonesia's legislative and presidential elections next year. He said the IDR7trn invest... |
Vietnam full-year output seen 4.7% higher30 December 2013, Published under Cement NewsVietnam is estimated to have produced 57Mt of cement in 2013, up from 4.7 per cent a year ago, the government's General Statistics Office (GSO) has said. During December, output is estimated to have increased by 7.54 per cent from the previous month, and nine per cent YoY to reach 5.5Mt, according to the latest GSO estimates. The office, however, revised down November output to 5.3Mt from a previously-estimated 5.5Mt. Cement sales are expected to have risen by 4-5 per cent this year t... |
Japanese producers to increase shipping capabilities30 December 2013, Published under Cement NewsThree major Japanese cement producers plan to increase their shipping capacity for the distribution of cement throughout the country to meet current and expected increases in demand. According to a recent Nikkei report, Sumitomo Oskaka Cement will spend JPY6.8bn on a new 8000t ship in February, followed by two 2000t ships and a 5500t ship after April 2015. Despite decommissioning three older vessels, its total fleet will expand to 20 ships with a combined capacity of 93,000t compared to t... |
Nuh Cimento subsidiary sells stake in electricity producer, Turkey30 December 2013, Published under Cement NewsNuh Cimento announced that its Nuh Enerji Elektrik energy subsidiary has agreed to sell its 100 per cent stake in electricity producer Pamuk Elektrik to Haldiz Insaat Otomotiv, for a consideration of TRY8.2m (EUR 2.8m) The deal is subject to approval from Turkish energy market regulator EPDK and from the other related local authorities, according to a bourse statement by Nuh Cimento. The Turkish cement producer added that it would record a TRY16.6mn loss from the sale. |
Indonesia: groundbreaking of Bosowa cement port27 December 2013, Published under Cement NewsIndonesia’s Chief Economic Minister, Hatta Rajasa, inaugurated the groundbreaking ceremony for the construction of the Bosowa cement packing terminal and port in Barru, South Sulawesi, on 26 December. The project includes a jetty for clinker shipments, a pier for ships or barges, a pier for small vessels dispatching cement, a cement packing terminal and cement storage facilities. Hatta said the construction of the port and related facilities, a IDR700bn investment, would not only support Bos... |