Cement News tagged under: international
PPC commits to new DRC plant01 October 2013, Published under Cement NewsPPC has signed a memorandum of understanding with the Barnet Group, its local partner in the Democratic Republic of Congo (DRC), to build a US$230m cement factory there. Ketso Gordhan, CEO of PPC, said that the greenfield project in the DRC included the construction of a 1Mta cement factory and associated quarry. The plant would take about 24 months to complete. PPC previously confirmed the company was finalising an agreement with Chinese engineering, procurement and construction company... |
European cement sector: towards greater efficiency30 September 2013, Published under Cement NewsCemtech Europe 2013 has opened its doors to 200 cement industry specialists, gathered together in the magnificent city of Prague, Czech Republic, for three days of intense discussion on achieving the most efficient and competitive operations possible in today’s challenging environment. Jan Gemrich, executive director of the Czech cement association, provides an overview of the current status of the domestic market and advances by the local producers While the eurozone has re... |
Global i.nova branding to revolutionise cement marketing30 September 2013, Published under Cement NewsItalcementi is changing the way we look at cement. The approach to the cement sector market is traditionally based on the standardised supply of a commodity, but Italcementi is offering a new approach. Using its i.nova system, customers will find it easier to distinguish and select, for instance, the acoustic insulating products that are grouped under the i.sound 'family', or the thermal insulating products grouped under the i.clime "family" or again, the products that remain in contact wit... |
Cement traders threaten to halt cement imports of storage rate hike30 September 2013, Published under Cement NewsIndia’s cement traders threatened to halt imports of cement from Pakistan via the Attar-Wagah land route unless a considerable hike in storage charges is rescinded. The Land Port Authority of India (LPAI) announced a rise in storage charges from the current INR20/t to INR100/t from 1 October 2013, according to the traders. Traders under the banner of the Confederation of International Chambers of Commerce and Industry (CICCI), in a letter to LPAI, sought withdrawal of the price rise to... |
Pakistan export earnings rise in first two months27 September 2013, Published under Cement NewsPakistan cement exporters have had a good start to the current fiscal, with volumes and earnings up on an annual basis. During July and August 2013, Pakistan exported 1.62Mt of cement on revenues of US$96.79m compared to 1.4446Mt at US$91.55m, representing a rise of 12.03 and 5.72 per cent in volumes and US dollar value, respectively. In terms of the Pakistan rupee, the export value rose 13.79 per cent to PKR9.83bn during the two-month period. However, the average export price was dow... |
VDZ honours Duncan Herfort for outstanding contribution to cement production27 September 2013, Published under Cement NewsDuncan Herfort, chief scientist of Cementir Holding SpA (Aalborg Portland), has been awarded the Klaus Dyckerhoff Prize for his outstanding work in the field of cement production at the 7th International VDZ Congress in Duesseldorf, Germany. Mr Herfort was particularly recognised for his major achievements in the field of cement chemistry. The jury underlined the various renowned scientific publications he has written on the interactions of cement constituents and their effects on cement hy... |
Asia Cement sees slower 2014 revenue growth27 September 2013, Published under Cement NewsAsia Cement, the Thai-based subsidiary of Italcementi, expects slower revenue growth next year due to a weaker economy and domestic demand. While this year's revenue is estimated to rise 17.6 per cent to THB10bn, next year revenue growth is expected to slow to four per cent, according to Asia Cement's co-managing director Nopadol Ramyarupa. "The economic slowdown and revised GDP figure have affected our projection," said Mr Nopadol told the Bangkok Post. Thailand's economy fell into r... |
APCMA elects new chairman for 2013-14 term27 September 2013, Published under Cement NewsMuhammad Ali Tabba of Lucky Cement Company Ltd has been unanimously elected as chairman of the All Pakistan Cement Manufacturers Association (APCMA) for the 2013-14 term. Sayeed Tariq Saigol of Maple Leaf Cement Factory and Babar Bashir Nawaz of Attock Cement Pakistan were also unanimously elected senior vice chairman and vice chairman of the association, respectively. Also elected as members of the executive committee are: Muhammad Raza Mansha (DG Khan), Azam Farooque of (Cherat Ceme... |
Maple Leaf full-year profit boosted by higher cement prices26 September 2013, Published under Cement NewsMaple Leaf has reported a over a six-fold rise in annual net profit for FY13 driven in part by higher cement prices and lower coal costs. According to a notice sent by the company to the Karachi Stock Exchange, for the 12 months ended 30 June 2013, the company posted a profit of PKR3.23bn compared to PKR496m in the previous fiscal – a staggering increment of 550 per cent. Sales rose by 12.3 per cent to PKR17.36bn thanks to higher domestic prices and better export volumes. Rising cem... |
HSBC cuts target price for China Shanshui Cement26 September 2013, Published under Cement NewsHSBC Research cut its target price for China Shanshui Cement to HK$3 from HK$4.2, and downgraded the stock from "overweight" to "underweight". The research house thinks expectations for better pricing in 2H (during the peak season) will disappoint given Shanshui's geographical exposure. Furthermore, HSBC forecast earnings to remain depressed in FY2014 due to persistently high tax expenses resulting from Shanshui's use of high-yield corporate bonds for offshore financing, as well as i... |