Cement News tagged under: international
Xinjiang Tianshan Cement to issue CNY400m of bills20 July 2012, Published under Cement NewsXinjiang Tianshan Cement Co Ltd said it plans to issue CNY400m (US$62.7m) worth of unsecured short-term bills with a maturity of 365 days on July 24th. Shanghai Pudong Development Bank Co Ltd is the lead underwriter for the issuance. Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AA and A-1 respectively. The company stated that CNY110m of the proceeds from the issuance will be used to replenish working capital and the remainder will be used to ... |
CMS addresses cement Sarawak shortage, Malaysia19 July 2012, Published under Cement NewsCMS Cement, Sarawak’s sole cement producer, has assured that the current shortages being experienced by the construction industry in Miri will be resolved by next week. Sarawak is situated on the island of Borneo and is one of two states, with Sabah, comprising what is referred to as East Malaysia. Sarawak is Malaysia’s largest state with around 37 per cent of the total land mass and has a population of 2.4m. Othman Abdul Rani, head of CMS’s cement division, said the shortage was large... |
New cement factory set for Mozambique’s Manica province19 July 2012, Published under Cement NewsA cement factory is to be established in the Manica province of Mozambique, according to its Mayor Eusébio Lambo Gondiua said that contacts have been made with the relevant authorities and in coordination with the Barue district government in order to ensure the project would be carried out. The location of the factory has already been selected, according to the Mayor. Currently, the Dondo cement plant which belongs to Cimentos de Moçambique (part of the Cimpor group) supplies cement t... |
Vietnam to propose association for exporters18 July 2012, Published under Cement NewsVietnam has called for domestic exporters to cooperate in fair pricing and is proposing to establish an association for cement and clinker export firms as the country looks to alleviate an increasing cement surplus. According to local press reports, Vietnam’s Ministry of Construction is proposing the new association which would help curb 'unhealthy competition' among these export companies as some local firms have cut prices. A proposal has been submitted to the prime minister for approva... |
Indonesia’s June sales rise 9.5 per cent17 July 2012, Published under Cement NewsIndonesian cement consumption increased by 9.5 per cent to 4.5Mt in June 2012, data from PT Semen Gresik showed on Monday. Cement sales for the first half of 2012 were 25.9Mt with the main islands of Java and Sumatra being the largest consumers. |
Ghacem to commission new mill by year-end, Ghana17 July 2012, Published under Cement NewsGhana’s leading cement producer Ghacem is to commission an additional 1Mta mill this year at its Tema Factory in November this year, according to the company’s managing director Morten Gade. Speaking at the company’s 2011 Workers Performance Appraisal Awards Ceremony, Mr Gade said that last year Ghacem produced 2.55Mt of cement and, of which its Tema plant accounted for 1.3Mt and the Takadori plant 1.25Mt. A new 1Mta mill will also be constructed at the Takordori works in 2013, Mr Gade no... |
Southern Province Cement second-quarter profit rises, Saudi Arabia17 July 2012, Published under Cement NewsSouthern Province Cement (SPC) posted a 9.6 per cent increase in second quarter profit, Reuters reports. SPC achieved a net profit of US$69.86m during the quarter, up from US$63.6m a year earlier. Revenue rose 6.77 per cent to US$71.6m compared to US$67m in 2Q11. The company attributed the increase in profits to the start of a second line at its Tuhama plant which started commercial production in March, as well as increased demand from local markets. In May this year, SPC signed a c... |
Assam cement producers cut prices, India17 July 2012, Published under Cement NewsCement producers in the northeastern Indian state of Assam have cut prices by 7-8 per cent per bag, according to reports in the Economic Times of India. The newspaper writes that manufacturers based in Assam have been criticized for not lowering prices despite enjoying subsidies under the North East Industrial and Investment Promotion Policiy (NEIIPP) 2007. Cement prices have now dropped in the range of INR25-30/bag. Leading cement companies – which have been selling cement at INR370 /... |
Coal India threatens to cut supplies to four UltraTech Cement power plants16 July 2012, Published under Cement NewsCoal India has threatened to cut supplies to four of UltraTech Cement’s captive power plants located in the Indian states of Rajasthan, Chhattisgarh and Madhya Pradesh. DNA India reported that last week, Coal India wrote to 16 captive power plants, including the UltraTech facilities, threatening to break long-term linkages. These units were found to be incomplete when a meeting of the Standing Linkage Committee reviewed their implementation status, officials of Coal India Ltd (CIL) said. ... |
US monthly shipments rise 17.5 per cent YoY16 July 2012, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico for April 2012 were almost 6.7Mt, 17.5 per cent higher than shipments in April 2011, data from the US Geological Survey (USGS) shows. Shipments for the year through April were 21.9Mt, up by about 19%. The leading producing states in April were Texas, Missouri, California, Florida, and Pennsylvania, in descending order and accounted for 43% of total output. The leading consuming States (Texas, California, Florida, Oh... |