Cement News tagged under: international
Holcim sells stake in power generation subsidiary, Philippines04 January 2013, Published under Cement NewsTrans-Asia Oil and Energy Development Corp (TA Oil) has acquired the stake of partner Holcim Philippines Inc in a power plant in Bulacan province. In a disclosure to the Philippine Stock Exchange, TA Oil said that it "signed a share purchase agreement for the purchase by Trans-Asia of Holcim's 50 per cent stake in Trans-Asia Power Generation Corporation." The deal gives Trans-Asia full ownership of the power firm. Prior to the conclusion of this transaction, Holcim was in a joint ventu... |
Pakistan export volumes fall, rise in value terms03 January 2013, Published under Cement NewsDuring the first five months of the current fiscal (FY12-13) Pakistan exported 3.612Mt of cement and earned US$245.48m compared to 3.624Mt at US$192.31m in the corresponding period of last year. This shows that cement exports rose 27.65 per cent in terms of value in dollars but fell by 0.32 per cent in terms of quantity over the July-November FY11-12 period, according to data by Pakistan’s Federal Bureau of Statistics. However, in terms of the Pakistan rupee, exports rose 39.68 per cent... |
Further double-digit gains forecast for Indonesian demand03 January 2013, Published under Cement NewsIndonesian cement consumption is expected to rise between 10-12 per cent in 2013, driven by developments in the property and infrastructure sector, according to estimates by the Indonesian Cement Association (ASI). Cement demand last year is expected to have increased by 14.5 per cent to 55Mt. The ASI is optimistic that this high growth trajectory can be sustained this year thanks in part to the economic development master plan (MP3EI). “The domestic cement consumption is still high, ... |
Iran cement production rises 5.85% in first nine months of the year03 January 2013, Published under Cement NewsIran produced 53.16Mt in the first nine months of the current Iranian year (beginning 20 March 2012), representing a 5.85 per cent increase on the 51.65Mt produced in the same period of last year. The country produced 53.39Mt of clinker over the same period, 5.8 per cent higher than the 50.46Mt manufactured in the first nine months of the previous year. Exports of cement and clinker over the nine month period amounted to 10.45Mt (comprising 9.28Mt of cement and 1,17Mt of clinker) achi... |
Bangladesh: clinker shipment held at port03 January 2013, Published under Cement NewsA clinker shipment from Singapore for Bangladesh's second largest cement producer HeidelbergCement Bangladesh (HCB) has been hindered by litigation for the past month. According to sources from the Chittagong Port Authority (CPA), as well as Bangladesh shipping Industry sources, a foreign flag bulk carrier DD Fidelity has been detained since 6 December 2012 on the order of the High Court of Bangladesh due to a dispute regarding the original bill of landing. The vessel shipped 22,810t o... |
Algerian Jan-Nov12 imports increase 92%03 January 2013, Published under Cement NewsThe first 11 months of 2012 saw Algeria increase its cement imports by 91.95 per cent, according to Algerian customs figures. In terms of value, imports rose from US$117.4m to US$225.4m while in terms of volumes, the advance reached 96.61 per cent from 1.267Mt to 2.492Mt. The high demand for the product, particularly in the dry season from March to August, has been the main cause of this import hike. The country currently has a cement deficit of over 2.5Mta. |
Cement major to set up third unit in West Bengal31 December 2012, Published under Cement NewsAmbuja Cement, the Indian subsidiary of Holcim, has expressed an interest in setting up a third unit in Bengal, according to a report in the Times of India. The company already operates plants in Sankrail and Farakka. State commerce and industries minister Partha Chatterjee said the cement major was looking to establish a new greenfield unit in Bengal. The minister was speaking to reporters on the sidelines of an event to launch the expansion of the company's 2.4Mta grinding unit in Sankra... |
Kenya: EAPCC reverts to Bamburi for clinker supply31 December 2012, Published under Cement NewsEast Africa Portland Cement Company (EAPCC) has turned to its shareholder, Bamburi Cement, to supply clinker a year after it severed a four-year supply deal with the firm and inked a contract with National Cement. EAPCC fell out with National Cement for breach of contract linked to non-payment and making orders of clinker that were below the agreed quantity threshold, according to reports in the Business Daily of Kenya. “I’m not supplying them because they are not paying,” said Mr Naren... |
Angola: Kwanza-Sul cement factory to start production in 201331 December 2012, Published under Cement NewsFábrica de Cimento do Kwanza Sul (FCKS) will start production in November 2013. The factory, which is located at Sumbe in Kwanza-Sul province, Angola, will produce 4500tpd cement when fully operational. Construction of the US$600m plant is being carried out by ETA Star from Dubai, UAE, while equipment has been supplied by FLSmidth, Denmark. FLSmidth will also operate the plant under an operation and maintenance contract. |
Northern India: rising demand to support prices29 December 2012, Published under Cement NewsA slower rate of new capacity additions coupled with strong demand in north India will improve the business environment enabling higher prices for cement companies such as Shree Cement, JK Cement and JK Lakshmi Cement. A reduction in oversupply will improve utilisation levels and eventually lead to higher prices. While India will see capacity expansion of more than 80Mt in the next two years, in north India, it will just be 8-10Mt, according to a report in the Economic Times. Demand gro... |