Cement News tagged under: international
Cemento Andino breaks production records08 January 2013, Published under Cement NewsVenezuela’s Cemento Andino broke major records in production and delivery, according to reports by Cesar Villareal, general manager of the Trujillo group. For the full-year, the company produced 586,000t of cement. The 2012 figure comes after the company broke historical production records in January, November and December, when the monthly output reached 65,756t, 65,521t and 67,000t, respectively – significantly above the previous record of 64,304t noted in August 2011. "In 2012, prod... |
Fiji Industries denies cement shortage08 January 2013, Published under Cement NewsFiji Industries Ltd (FIL) has denied claims made by the special administrator of Suva City Council (SCC) of a cement shortage. Suva City Council’s (SCC) special administrator, Chandu Umaria, has claimed that the Terry Walk pathway construction project was facing delays because of a shortage of cement supplies. Umaria maintained that SCC’s cement distributor was not supplied with adequate volumes. Last month, cement supplies to the island and surrounding areas were temporarily disrupte... |
Pakistan first-half domestic sales rise, exports remain under pressure07 January 2013, Published under Cement NewsPakistan has recorded a rise in domestic cement sales in the first half of the current fiscal but export levels continue to remain under pressure. Latest data from the All Pakistan Cement Manufacturers’ Association (APCMA) shows that local dispatches in 1HFY12-13 rose by 7.61 per cent to 11.728Mt YoY however exports declined by 5.28 per cent during the period to 4.22Mt. Cement units located in the south registered growth of 7.98 per cent in local dispatches but a 16.34 per cent decli... |
Federal government steps in to help resolve oversupply dispute, Nigeria07 January 2013, Published under Cement NewsNigeria’s Federal Ministry of Trade and Investment has stepped in to mediate in a dispute over a supply surplus being created in the local industry. Last week, a statement by Dangote Cement's head of corporate communications Anthony Chiejina said that Dangote and Lafarge WAPCO Cement were worried about Ibeto Cement Company continuing to import cement into Nigeria, despite the capacity of local manufacturers to meet demand. The oversupply has led to the closure of the Gboko plant run by Da... |
Chettinad Cement seeks shareholders’ approval for delisting, India07 January 2013, Published under Cement NewsIndia-based cement producer Chettinad Cement Corporation has begun seeking shareholders approval to delist from the three Indian stock exchanges on which it trades. The company is listed on the National Stock Exchange (NSE), Madras Stock Exchange (MSE) and Bombay Stock Exchange (BSE). Promoter group company Chettinad Holdings Pvt plans to acquire 11.56 per cent of the equity to take full ownership of the company, according to a statement by the company to the BSE. The promoter current... |
Hoang Mai Cement sets 2013 profit target, Vietnam07 January 2013, Published under Cement NewsHoang Mai Cement (HOM) JSC targets a profit of VND86bn (US$4.11m) this year, according to the company’s chief accountant, Tran Minh Son. HOM is part of the Vicem group which directs much of the largely state-run Vietnam cement industry. For the nine months to September 2012, HOM achieved a net profit of VND54.58bn on revenue of VND1.06trn, down 30.67 per cent and up 3.92 per cent YoY, respectively. The nine-month earnings per share was VND788. HOM is now carrying out a plan to buil... |
Southern Province signs contract for power plant expansion, Saudi Arabia07 January 2013, Published under Cement NewsSouthern Province Cement Co (SPCC) has signed a contract with Wartsilla for the expansion of the former’s power generating plant at the Tahama works. The contract was signed by HH Prince Abdullah bin Mosa’ad bin Abdulrahman Al-Saud, SPCC chairman, with Wartsilla to add four diesel units operating by heavy fuel with a total capacity of 32MW. |
Gresik achieves record production in 201204 January 2013, Published under Cement NewsState-owned Indonesian cement producer PT Semen Gresik achieved record production last year and targets further increases this year, according to a senior member of the company. Cement production rose 18 per cent in 2012 to 22.6Mt and revenue is expected to hit IDR19trn (US$2bn). “We hit a record in terms of production,” said the company’s president director Dwi Soetjipto in Gresik early this week. Revenue reached IDR18.43trn in the first nine months of 2012 and net income was IDR4.55... |
South Africa 9M12 sales rise 2.9%04 January 2013, Published under Cement NewsSouth Africa cement sales for the first nine months of 2012 rose 2.9 per cent to 8.529Mt from 8.290Mt in the same period of 2011, latest data from the Cement & Concrete Institute (C&CI) shows. The moving annual total also rose 3.9 per cent to 11.473Mt from 11.038Mt in the corresponding period a year a go. However, 3Q12 sales were down 3.8 per cent to 2.976Mt compared to 3.092Mt in the 3Q11. |
Mangalam Cement new projects set for 2013 completion04 January 2013, Published under Cement NewsIndia-based producer Mangalam Cement, part of the BK Birla group, will complete its capacity expansion projects this year. The company is increasing clinker capacity from 1.5Mta to 2.2Mta and is also setting up a 1.25Mta grinding works at its existing plat at Morak, Rajasthan. According to sources, the clinker expansion project is likely to be completed by April 2013 with the grinding plant slated for completion for October of this year, according to Economic Research India. Mangalam C... |