Cement News tagged under: international
SC refuses to interfere with COMPAT order against Indian cement firms13 June 2013, Published under Cement NewsThe Supreme Court declined to interfere with the order of the competition tribunal directing 10 cement firms to deposit 10 per cent of the penalty of INR63bn (US$1.08bn) imposed on them for allegedly indulging in cartelisation. However, the apex court slightly modified the order of the Competition Appellate Tribunal (COMPAT) by extending the deadline of 16 June to 24 June for depositing the amount with the tribunal. It also added that the 10 per cent amount deposited by each company sha... |
Zambia: Zambezi Portland ups cement output13 June 2013, Published under Cement NewsZambezi Portland Cement (ZPC) has increased cement capacity from 1000tpd to 1400tpd in the last three months. ZPC acting chief financial officer, Peter Kang’ombe, said in an interview in Ndola that the increase in production was attributed to the booming construction sector that has provided high demand for the commodity. Mr Kang’ombe said the high demand for the commodity still surpassed the company’s production as the entire 1400t of cement was consumed by the local market within a da... |
New Zealand: jobs on line at cement works13 June 2013, Published under Cement NewsHolcim (New Zealand) has told staff that is about to begin a review of the works' staffing structure. Jobs are on the line at the Cape Foulwind Cement Works in Westport, Buller. The works employs about 110 in the plant and quarry and about 10 drivers. "With the current business challenges we're all facing, we're reviewing our staffing structure at the plant and quarry over the next six weeks or so," Holcim general manager, cement, Ross Pickworth, told The Westport News. "We expect to ha... |
Zambia: 'High cement prices will affect construction sector growth'13 June 2013, Published under Cement NewsCement traders in Eastern Province have accused Lafarge Cement Zambia of creating artificial shortages by preferring the international market. Meanwhile, local contractors in Lusaka have warned that the recent increments in cement prices could slow growth in the construction sector. However, Eugene Chungu, Lafarge spokesperson, said the recent increase in cement demand and prices, which had been caused by panic buying after the Lusaka plant shutdown three months ago, should ease following ... |
Bolivia: Coboce to start new Irpa Irpa line13 June 2013, Published under Cement NewsBolivia’s Coboce is scheduled to start production at its new Irpa Irpa plant on 18 June, effectively delivering 70,000 bags of cement to the market. Currently, the company produces around 30,000 bags, which are mainly destined for local markets. The increase in output will see supply expand nationwide. With the completion of the works, the company will enter “a new historic step,” according to the general manager of Coboce, Fernando Quiroga. The project represents an investment of... |
Cement sector set to benefit from Pakistan FY13-14 budget13 June 2013, Published under Cement NewsPakistan’s cement sector has welcomed the new Pakistan federal budget for FY13-14, presented by the country’s finance minister Ishaq Dar to parliament. The budget includes the National Economic Council’s approval of PKR1155bn (US$11.7bn) in development projects, including the PKR540bn Federal and the PKR615bn Provincial Public Sector Development Programmes, which will see considerable investment in water, energy, road, rail as well as transport and communication networks. Water projects w... |
Squeeze tightens on Indian cement13 June 2013, Published under Cement NewsMuted volume growth and continuing cost pressures have put a further squeeze on the earnings of Indian cement companies with a disappointing 15 per cent YoY fall in EBITDA/t in Q4FY13. Among the large companies, only HeidelbergCement managed to report an improvement while UltraTech Cement, Dalmia Cement and Prism Cement all reported flat EBITDA/t during the quarter. Volumes declined one per cent YoY over the same period, significantly below the government’s recently revised 7.3 per cent in... |
Indonesia: cement sales up in Kalimantan12 June 2013, Published under Cement NewsCement sales of PT Semen Indonesia in Kalimantan rose 11.4 per cent in the period of January to April reaching 1.47Mt. The growth is the third biggest nationally, company spokesman Muhammad Helmi said to newsmen on Tuesday. "The highest sales growth is recorded in Nusa Tenggara regions by around 23.1 per cent followed by Papua-Maluku regions by 14 per cent," he said. He stated that the cement market in Kalimantan still has plenty of potential and continued to grow in line with increasing... |
Pakistan: cement outlook is positive12 June 2013, Published under Cement NewsPakistan’s cement industry saw good performance during 9M FY2013. Local dispatches touched 20.74Mt, total exports were recorded at 6.923Mt and capacity utilisation 74.15 per cent. Pakistan cement was exported to Afghanistan, South Africa, Iraq, India, Sri Lanka, Tanzania, Djibouti, Mozambique, Sudan and Kenya. According the Pakistan Economic Survey 2011-12, released by the Ministry of Finance on 11 June, the cement industry played a vital role in the manufacturing sector in Pakistan during... |
Oman Cement mill grinds to a halt12 June 2013, Published under Cement NewsOman Cement Company has announced that one of its mills with a capacity to grind 150tph has developed a major technical fault and has had to be closed down. As a result of the outage, the company said that production could drop by as much as 360,000t between June and September if it has to wait for the replacement part. In a statement to the Muscat Securities Market, the firm said that an inspection by a technical expert from the mill's equipment manufacturer stated that the required spare ... |