Cement News tagged under: international
Holcim, Cemex Europe deal to be examined21 October 2013, Published under Cement NewsEU antitrust regulators will assess a bid by Cemex to acquire Holcim's cement operations in Spain following a request from Spanish authorities, the European Commission said. Cemex and Holcim announced plans back in August this year to exchange some assets and combine others in Germany, Czech Republic and Spain to boost profit amid tough conditions in the European construction sector. The Spanish part of the deal involved Cemex and Holcim combining all their cement, ready-mix and aggregate... |
UltraTech Cement's quarterly profit falls 52% YoY21 October 2013, Published under Cement NewsUltraTech Cement, India’s largest cement maker, posted a 52 per cent decline in net profit for the July-September quarter, mainly due to lower selling prices and subdued demand. The company reported a net profit of INR2.6bn (US$42m) for the quarter ended 30 September. Domestic cement and clinker sales stood at 9.1Mt. It noted that cement demand remained “sluggish due to a prolonged monsoon and a “low-take off from the infrastructure and housing sectors.” It further added that a sof... |
Cemex third quarter loss expected to narrow21 October 2013, Published under Cement NewsCemex is expected to post a narrower third quarter loss for the July-September period of 2013 led by a pick-up by US sales, the company’s biggest market. According to a Reuters' survey of six analysts, the Mexican cement major is expected to report a loss of US$22m compared with a loss of US$203m a year earlier. An increase in US sales is expected to offset weak performances in Europe and Mexico, the news agency said. Analysts expect third-quarter results to show that Cemex sold more cemen... |
Qizildas Cement launches production, Azerbaijan21 October 2013, Published under Cement NewsNORM LLC has launched production at its 2Mta Qizildas Cement plant, marking the entry of a new player on the Azerbaijan market. “At present, construction work is completed at the plant and production of the first cement started. Full commissioning of the plant is planned by the end of 2013,” the company said. The new plant is located on a 160ha plot about 2.6km north of the Sangachal Oil Terminal in Baku’s Garadagh district and will reduce the country’s dependence on imports for oilwell c... |
Hetuda factory resumes production, Nepal21 October 2013, Published under Cement NewsHetuda Cement Factory has resumed clinker production following a three week closure due to a technical issue with its kiln. The cement plant halted production on 28 September 2013, and according to senior technical officer of the factory, Tej Bahadur Godar, told Republica News that output had restarted following the completion of necessary refractory repairs. In the last fiscal year, production had to be halted for two months while the company improved its dust control by installing a re... |
Siemens wins new order from TPI Polene, Thailand21 October 2013, Published under Cement NewsTPI Polene Public has placed an order with Siemens for engineering and supply of the power distribution system and drives for a new clinker production line in Saraburi, Thailand. Siemens will be supplying the drive solutions as well as the switchgear for the high, medium and low-voltage distribution systems and is also responsible for project management and engineering. The deal for the drive systems covers 20 slip-ring rotor motors for the main drives, 12 gear units, 33 variable-speed d... |
Dangote plans to enter Niger market18 October 2013, Published under Cement NewsDangote Cement plans to spend US$350m to build a new cement in Niger as part of the its African expansion drive. Speaking to press following a meeting with Niger President Issoufou Mahamadou on Wednesday, Aliko Dangote, stated: "I announced to the head of state my intention to build a cement plant worth US$350m which will produce 1.5Mta." "The realisation of this project will create 6000 to 7000 jobs," he added. He said the plant would produce its own electricity with an anticipated sur... |
Argentina: cement market expands 17% YoY18 October 2013, Published under Cement NewsIn September, Argentina’s cement producers delivered 1,050,170t of cement, including exports. While this represents a 2.7 per cent decrease when compared with August dispatches, the volume rose 15.8 per cent YoY. The internal market absorbed 1,041,084t, 2.8 per cent less than the previous month. However, when compared with September 2012, Argentine producers enjoyed a 17 per cent rise in sales. |
Ecuador Jan-Sept cement sales rise 11% YoY18 October 2013, Published under Cement NewsCement sales in Ecuador for the first nine months of 2013 have increased by 11 per cent YoY, latest data from the country’s cement association, Inecyc, shows. During the January-September period the company sold 4.836Mt compared to 4.356Mt in the first nine months of 2012. In September 2013 alone, cement sales were 565,775t, a rise of 8.8 per cent from the 519,919t recorded in the same month of last year. |
Vietnam expects price stability18 October 2013, Published under Cement NewsVietnam’s Ministry of Finance's Pricing Management Department expects cement prices to remain stable this month following September’s increase, local press reported. Some companies operating under the country’s largest cement producer, Vicem, raised prices by 5-9 per cent a month ago to VND1.3m-1.5m/t (US$61-71) in the north and VND1.6m-VND1.8m in the south. Vicem chairman attributed the hikes to higher production costs due to higher electricity prices. Cam Pha Cement Company, for exampl... |