Cement News tagged under: international
China prices continue to fall13 June 2012, Published under Cement NewsThe average price of cement across China last week fell 0.83 percent week-on-week to CNY336.25/t, reports Shanghai Securities News. According to the report, the price of cement has been falling for several weeks since the end of April. Price adjustments of CNY10-50/t mainly occurred in Beijing, Hebei and Anhui. |
Minister denies cement crisis from Master Plan13 June 2012, Published under Cement NewsVietnamese Construction Minister Trinh Dinh Dung has denied that the cement industry's master development plan (2011-20) is causing a crisis goes in line with market movements. Last year, Vietnam's cement consumption was reported to account for 89% or 55Mt of total output, Dung noted. “I confirm that there is no cement crisis caused by the development scheme as raised by some people.” The country’s current huge surplus is caused by the low consumption demand. The government’s Resolution... |
Lafarge to accelerate cost cuts, lower debt12 June 2012, Published under Cement NewsFollowing the implementation of its new organisation, Lafarge has announced its 2012 to 2015 plan to cut costs by EUR1.3bn over the next four years and bring its net debt below EUR10bn as early as possible next year. The group is targeting a return on capital of more than eight per cent in 2015. Bruno Lafont, Chairman and Chief Executive Officer of Lafarge, said in a statement: "The plan we are presenting today will quickly drive higher returns for our shareholders, significantly strengthe... |
Dangote commissions Obajana Line 3, Nigeria12 June 2012, Published under Cement NewsAliko Dangote has commissioned the expansion of his Obajana cement plant, raising capacity to 10.5Mta. The additional 5.25Mta line is part of the company’s efforts to make it a powerhouse of African production as it aims to reach 50Mt of capacity across the continent by 2015. Dangote said that this recent investment in this new Line No 3 at the Obajana plant situated in Kogi state, raises the company’s domestic capacity in Nigeria to 28Mt. Nigerian president Goodluck Johnson preside... |
Arabian Cement Co commissions second line, Egypt12 June 2012, Published under Cement NewsArabian Cement Company has officially opened its Line No 2 which has doubled the capacity of the plant at Suez to 5Mta. Speaking during the opening ceremony, Jose Maria Magrina, ACC CEO, said: “We are extremely pleased to announce opening our second production line, which will increase our production capacity, bringing us one step closer to becoming among the largest cement producers in the market. We have already finished the commissioning of the second line, and are now ready to produce... |
Cemena outlines Falcon expansion plans, Bahrain12 June 2012, Published under Cement NewsCemena Holding Company, plans to increase capacity of its Falcon Cement Company (FCC) plant, the Bahrain-based firm has announced. Cemena, which was set up in 2008 by Gulf Finance House, told shareholders at the company's annual general meeting that it plans to raise capacity at FCC to 3500tpd in the future. The expansion of FCC will help the company meet Bahrain's growing demand for cement with the increasing number of infrastructure projects, Gulf Daily News reports. FCC was establis... |
Saudi Arabia cement capacity seen reaching 66Mta by 201511 June 2012, Published under Cement NewsSaudi Arabia's cement production capacity is expected to reach over 66Mta by 2015 from 47Mt this year, a report from Al Rajhi Capital said. S audi Arabia’s development plan is underpinning construction growth as building activity moved up a notch alongside existing projects such as King Abdullah and Jazan Economic Cities and hence, demand for cement increased accordingly. In 1Q12, national cement consumption reached 14.3Mt, up 16 per cent YoY. "Construction activities have accelerated i... |
Bangladesh clinker imports to become more costly11 June 2012, Published under Cement NewsWhile presenting his Budget Speech July 2012 to June 2013, Abul Maal Abdul Muhith, Minister for Finance, Government of Bangladesh has proposed that import duty on clinker to be imported by registered cement manufacturers will be increased from BDT350/t to BDT500/t. In addition, duty other cement clinker imports will rise from BDT 550/t to BDT750/t. In FY11, Bangladesh imported US$446m worth of clinker compared to US$333m in FY 2010 - representing a growth of 34%. The country usually im... |
US March shipments rise 11% YoY11 June 2012, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for March 2012 were nearly 6Mt, data from the US Geological Survey showed. This was 11% higher than shipments in March 2011. Shipments for the year through March were 15.2 Mt, up by about 20%. The leading producing states in March were Texas, California, Missouri, Florida, and Pennsylvania, in descending order, and accounted for nearly 47% of total output. The leading consuming States (Texas, California, ... |
Brighter outlook for global markets?11 June 2012, Published under Cement NewsA recent report by Morgan Stanley sees the global supply-demand balance turning positive, leading to improved pricing power which it expects will return globally next year. The research house also sees important changes in the make-up of global volume growth as China's cement demand expansion is seen slowing. However, clear threats still exist in the form of uncertainties in Europe and in the possibility that US economic recovery could be stumbling. ?? The Morgan Stanley report highlights ... |