Cement News tagged under: international
Belarus cement plant modernisation costly exercise12 June 2013, Published under Cement NewsBelarus is ruing its decision to modernise its three cement plants with Chinese technology. The country’s cooperation with China over the new dry-process lines at local cement plants attracted a soft loan from China's Eximbank of US$530m, just under half of the US$1134m total project cost. The plan envisaged the installation of three new 1.8Mta kiln lines, which would increase domestic cement production from 4.6Mt (2011) to 10Mta by 2014. The launch dates for the production lines were... |
Cemex Philippines to expand Naga cement plant11 June 2013, Published under Cement NewsAnticipating an increase in demand for cement in the country, Cemex Philippines is embarking on a PHP2.5bn (US$58m) expansion of Apo Cement Corp’s facility in Naga City, Cebu. Apo plant director, Normandy Chan, said the company decided to expand the plant to meet the rising demand for cement in the country, which was brought about by the strong growth posted by the economy. “With the rise in demand, comes the need for much improved and innovative infrastructure,” Chan said. Chan explained ... |
Egypt's cement production drops 20% because of gas shortages11 June 2013, Published under Cement NewsA shortage of natural gas in Egypt and subsequent constraints in electricity supply over the last four months has forced the country's cement industry to reduce production by 20 per cent. Peaking electricity use in the summer months is expected to aggravate the decline. An even steeper drop in production capacity of 25 per cent was incurred by Arabian Cement Company (ACC)'s Suez plant after the operator was struggled to come to terms with unforeseen gas and power shortages. The cement comp... |
El Salvador records 18.5% drop in cement prices11 June 2013, Published under Cement NewsCement prices in El Salvador rose by 18.5 per cent YoY to US$8.49 per 42.5kg bag in February 2013, according to CASALCO, the Salvadorian Chamber of the Construction Industry. The rise in cement prices has affected the growth of the construction sector, according to the organisation. “The increase in cement prices has had a direct impact on all construction costs,” said Carlos Guerrero, CASALCO president. Cement consumption in the first three months of 2013 decreased 9.1% to 6506 bags ... |
GCC's cement companies see a double-digit rise in 1Q13 turnover and profit10 June 2013, Published under Cement NewsCombined net profits of the GCC's listed cement companies grew to US$585.3m during the first three months of the year, according to analysis by Kuwait's Gulf Investment House. This is a 16.9 per cent increase on the US$500.9m achieved last year. Total sales increased by 13.8 per cent during the quarter to US$1.4bn. Prices fell slightly to US$66.10/t, compared with US$66.70 in the same period last year. This was due to a drop in prices in Saudi Arabia, although the increased volume of produ... |
Kenya: confidence running high for East African Portland Cement10 June 2013, Published under Cement NewsInvestors in East African Portland Cement Company saw the cement manufacturer’s share price rally to a 12-month high at the end of trading on Friday. Shareholders hope that the company will post a profit in the full-year period ending 31June. Local analysts confirm that confidence is returning and investors can expect the cement maker to post a profit in the full-year period, having previously been in the loss-making territory. “There’s expectation of good performance and better turnover ... |
Venezuela aims to boost cement output10 June 2013, Published under Cement NewsThe Venezuelan government announced an investment plan of around US$200m to boost cement production within its borders, Minister of Industries, Ricardo Martinez, reported. During an inspection of Cemento Andino, as part of the "street government" public-management model in the state of Trujillo, Menendez said the objective is to increase production until it reaches 500kg per capita consumption. According to the minister, Venezuela currently produces around 280kg per capita annually, a m... |
Adequate fuel supply needed to meet Saudi cement demand10 June 2013, Published under Cement NewsWith massive investments being pumped into the infrastructure space, the outlook for the Saudi cement sector looks bright. Cement companies have benefitted largely from cheap raw materials and fuel availability, making them outstandingly profitable. However, there are some concerns on fuel supply, which could lead to cement shortages. Despite buoyant demand, the cement sector is facing difficulty in ensuring smooth supply of fuel from the government. At the same time, the ma... |
Algeria’s cement imports double to 1.3Mt in 4M1310 June 2013, Published under Cement NewsCement imports into Algeria have doubled in the first four months of 2013, surpassing US$116.2m when compared with US$53.5m for the equivalent period last year – an increase of 117.5 per cent, according to Algeria’s National Centre for Customs Information and Statistics. In the four-month period, Algeria imported 1.313Mt, a 116.4 per cent advance from the 606,625t during 4M12. The launch of new projects and the resumption of building and public works projects since the start of the spring h... |
India Cements to restructure non-core assets07 June 2013, Published under Cement NewsIndia Cements has said it will restructure its non-core assets, enabling the company to focus on core areas of its business and increase profitability. The company is expected to announce businesses in which it wants to partially or fully exit when it announces its quarterly results later this year. “We are working on whether to merge, hive-off or to sell to make all these businesses profitable and if we can grow independently,” N Srinivasan, vice-chairman and managing director, said. ... |