Cement News tagged under: international
Cementir hit by hard Nordic winter13 May 2013, Published under Cement NewsCementir's first-quarter turnover eased by 0.3 per cent to €194.7m and the EBITDA declined by 26.9 per cent to €9.2m as the cement major was hit by a hard Nordic winter weather. The trading loss increased by 56.1 per cent to €12.4m, but at the pre-tax level the increase in the loss was a more modest 20.3 per cent up to €13.7m. The severe winter weather in Scandinavia and Italy had a particularly negative effect in the month of March. As a result, Scandinavian cement shipments were down b... |
Siam Cement appoints Chinese contractor for new Indonesian plant10 May 2013, Published under Cement NewsSiam Cement Group (SCG) of Thailand has signed an agreement with China-based Anhui Conch Design & Research Institute for the construction of a greenfield plant in West Java, Indonesia. The Chinese company, a subsidiary of the Anhui Conch Group, will supply machinery and equipment and provide engineering and construction services for the 1.8Mta plant to be constructed in Sukabumi. The new cement works will be run by Siam Cement’s wholly-owned subsidiary PT Semen Jawa. With an investment to... |
Vicem sales up 14.8% in first four months, Vietnam10 May 2013, Published under Cement NewsState-owned Vietnam Cement Industry Corporation (Vicem) sold 6.94Mt of cement and clinker in the first four months of this year, rising by 14.8 per cent YoY. Of the total, 6.9Mt of cement and clinker was sold in the domestic market, up 21.7 per cent YoY, while 41,000t of cement was exported, a rise of nine per cent, the corporation said on its website late Wednesday. In April, the corporation sold 1.94Mt of cement and clinker, up 3.7 per cent YoY, of which 1.5Mt of cement and 377,000t ... |
Western Diamond Cement Ltd secures project loan, Ghana10 May 2013, Published under Cement NewsStanbic Bank has closed a US$20.15m loan deal with Western Diamond Cement Ltd, part of the West African Cement SA (WACEM) Group, to build a cement production plant in the western region of Ghana. T he 1Mta cement factory will be located at Egyam Bokro near Takoradi and production is scheduled to start in 2014. Speaking at a signing ceremony in Accra, the Chairman of WACEM Group Manubhai Jethabhai Patel said the Group is committed to developing the natural resources of countries they o... |
China first-quarter 2013 exports rise10 May 2013, Published under Cement NewsChina exported 2.85Mt of cement and cement clinker worth of US$160m in the first quarter of 2013, a YoY increase of 30.6 per cent and 20.8 per cent respectively, according to data released by the Ministry of Industry and Information Technology. Full year exports last year were expected to have reached 11.5Mt last year, up 8.5 per cent on the 10.6Mt in 2011. |
Holcim Philippines gets go-ahead for new plant09 May 2013, Published under Cement NewsHolcim Philippines has received approval from its Swiss parent company to construct a US$550m cement plant in Bulacan, to support brisk private and public-sector investment. Speaking to local press, the company's CEO, Ed Sahagun, said the new plant will have a capacity of 2.5Mta and is expected to come on-stream in 2016. “The timing of the construction of new plant is perfect because the country is doing well in a lot of aspects,” Mr Sahagun said. The company is currently resuming oper... |
Argentina’s Supreme Court rejects cartel arguments09 May 2013, Published under Cement NewsThe Argentine Supreme Court rejected Wednesday the arguments provided by the country’s five largest cement companies – Loma Negra, Minetti, Cemento San Martin, Petroquímica Rivadavia, Cement Avellaneda - and its cement association AFCP against a combined ARP310m (US$60m) fine imposed by the state for price and market fixing. The court’s decision draws a line under a legal battle that started eight years ago when the original complaint was made under the Roberto Lavagna administration. The... |
Mangalam Cement to begin upgrade of Kiln Line 1, India09 May 2013, Published under Cement NewsMangalam Cement has halted operations of its Kiln Line 1 to upgrade its clinker manufacturing capacity, the company has informed the Bombay Stock Exchange. The cement producer stopped operations on 6 May so it can hike capacity by 0.5Mta. The project is likely to be completed by the end of the second quarter of FY14. It noted that supplies will be sufficient in the interim as it has clinker in stock. Mangalam Cement operates one cement plant Morak, Distt. Kota in Rajasthan with a capacity ... |
Himachal Pradesh gives Reliance Cement green light for new cement works09 May 2013, Published under Cement NewsThe Himachal Pradesh government has given Reliance Cement the green light to set up a new cement plant in the north Indian state. It has also served notices to four cement plants for failing to set up cement plants despite the government having granted approval some years ago. The cabinet, headed by Chief Minister Virbhadra Singh, took the decision to issue notices to Jaiprakash Associates Ltd, Lafarge India Pvt Ltd, Grasim Cements Ltd's subsidiary Harish Cement Ltd and India Cement Ltd,... |
Venezuela government sees per capita demand reaching the 300kg mark08 May 2013, Published under Cement NewsVenezuela’s cement consumption per capita is forecast at 300kg in 2013, in line with the National Plan, 2013-19, according to Vice President for Economy & Production and Minister for Industries, Ricardo Menendez. "Before the Bolivarian Revolution, per capita consumption was 130kg per person per year, only with the measures in the sector by Commander Chavez it climbed to 280kg" in 2012, he said in one of the plants of the Corporación Socialista de Cemento in Valles del Tuy, Miranda state. ... |