Cement News tagged under: international
Euro area construction output down by 0.8%18 April 2013, Published under Cement NewsConstruction output in the euro area declined for the fourth consecutive month in February, the latest data from Eurostat shows. Construction in the euro zone decreased 0.8 per cent from January, when it fell 2.1 per cent, the European Union’s statistics office in Luxembourg said yesterday. The January figure was revised lower from an initial estimate of a 1.4 per cent drop. However, from a year earlier, February construction gained 0.8 per cent. In Germany, Europe’s biggest economy, c... |
Jaiprakash in new attempt to sell Gujarat assets, India17 April 2013, Published under Cement NewsJaiprakash Associates is reportedly planning to sell its Gujarat-based cement units within a few weeks in an effort to reduce debt. According to reports by the Business Standard of India, the Gujarat cement assets are expected to be sold for INR4000 crore. Earlier, the group was in talks with the Birlas to sell the cement units, however, as its expected valuation of US$170/t was deemed too high, it failed to secure the deal. Sources say the sale is now likely to be carried out at US$150/t.... |
Saudi orders cement imports to meet shortages17 April 2013, Published under Cement NewsKing Abdullah of Saudi Arabia has ordered 10Mt of cement to be imported into the kingdom to meet cement shortages and the construction of more cement plants over the medium-term is also being encouraged. Citing trade minister Tawfiq al-Rabiah, the Saudi Press Agency, reports that King Abdullah wants three to four cement plants to be built over the next three years and has granted SAR3bn towards the scheme. The Saudi cement industry has quickly grown to support high consumption and i... |
Brazilian first-quarter cement sales decline16 April 2013, Published under Cement NewsCement sales in Brazil reached 16.1Mt in the first quarter of 2013, a decline of 1.9 per cent from the same period of last year, latest data from local association SNIC shows. The decline in sales confirms a deceleration trend compared to the quarterly expansions seen in 2012 which rose 13.7 per cent, 5.9 per cent, five per and 4.1 per cent in the 1Q-4Q12, respectively. In March 2013 alone, reached 5.5Mt, down 8.3 per cent YoY. Cumulative sales for the last 12 months (April 2012 – ... |
Vicem sales rise 19.2% in first three months of year16 April 2013, Published under Cement NewsVietnam’s leading cement producer Vietnam Cement Industry Corp (Vicem) reported a 19.2 per cent YoY rise as domestic shipments increased but exports declined. The state-run cement corporation said it sold 4.91Mt of cement and clinker in the first quarter of 2013, rising 19.2 per cent YoY. Of the total, 4.87Mt was sold in the domestic market, up 28 per cent YoY, while 44,000t of cement was exported, down 22.8 per cent YoY, the corporation said on its website. In March, Vicem 2.06Mt of ce... |
Argentina sees strong monthly rise in shipments15 April 2013, Published under Cement NewsArgentine cement factories shipped 938,872t in March 2013 (including exports), representing an 11.9 per cent increase compared to February, latest data from local cement association AFCP shows. However, on an annual basis, shipments declined 3.5 per cent compared to March 2012. Dispatches of AFCP members destined for the internal market, including imports, reached 915,326t , which shows an increase of 13.1 per cent over the previous month but compared with March 2012, a decrease of ... |
Iranian full-year cement production rises 5.7%15 April 2013, Published under Cement NewsDuring the Iranian year ending 20 March 2013, the country produced 70.26Mt, which represented growth of 5.7 per cent compared to the same period of the previous year (66.44Mt). Clinker production, meanwhile, rose 4.54 per cent YoY to 70.44Mt from 67.38Mt in the same period of last year. During the year just ended, Abyek Cement Company was the biggest Iran’s cement player, with producing 3,192,454t of cement and 2,941,334t of clinker. Iran exported 1.364Mt of cement and clinker last... |
Philippine producers seek incentives on expansion15 April 2013, Published under Cement NewsPhilippine cement manufacturers are seeking incentives with the Board of Investments for new capacity projects, as local producers seek to meet expected increases in cement demand. The Cement Manufacturers Association of the Philippines (CeMAP) has petitioned the BOI for the inclusion of the industry in the 2013 Investment Priorities Plan (IPP) to be eligible for government perks, particularly the income tax holiday which could exempt them from paying income tax for a maximum of eight ye... |
Phu Son added to list of Vietnam investment projects15 April 2013, Published under Cement NewsThe Phu Son cement plant in the northern province of Ninh Binh has been added to the list of projects to be invested in for the 2012-15 period by Vietnamese Prime Minister Nguyen Tan Dung. Phu Son cement plant is located in Nho Quan district, Ninh Binh province and has a total investment of US$136.3m and production capacity of 1.2Mta. Construction of the plant, which began in 2011, is expected to complete in two years, Vietnam News Brief Service reports. The government leader earlie... |
CPA: UK construction output, growth ‘conceals underlying trend’15 April 2013, Published under Cement NewsThe latest figures from the UK’s Office of National Statistics (ONS) published Friday indicated a pick-up in February as the industry recovered from the poor weather experienced in January. Overall, construction output in February was 5.5 per cent higher than in January but 7.0 per cent lower than it was one year ago. Commenting on the figures, Construction Products Association Economics Director, Noble Francis said: “It was expected that construction output in February would be considera... |