Cement News tagged under: international
Dangote sets date for Ibese plant launch, Nigeria30 January 2012, Published under Cement NewsNigeria’s largest cement producer, Dangote Cement, says it will launch its new Ibese plant on 9 February 2012. The plant, with a cement capacity of 6Mta, is situated in Ogun State. President of the Dangote Group, Alhaji Aliko Dangote told Nigerian newspaper, The Moment, that the new plant will help the country cut its reliance on imports, and his organisation has taken up the challenge in leading the way to make the nation self-reliant in cement production. "Our long-term ambition is t... |
Vietnam new plants to add pressure to existing surplus30 January 2012, Published under Cement NewsDespite the Vietnam cement sector witnessing an over-supply scenario, this year the country is set to see a further 7Mta of new capacity from government-approved projects enter the market. Local press quoted the chairman of the Vietnam Cement Association (VNCA), Nguyen Van Thien, as saying that seven or eight new projects may come on-stream this year if project deadlines are met. These projects all belong to the cement industry development plan approved by the government, Thein told Tuoi ... |
Aramco offers enough fuel for Saudi Arabia cement to raise output30 January 2012, Published under Cement NewsConcerns that ongoing fuel issues with Saudi Arabian Oil Co (Aramco) will delay increases in domestic cement capacity are being allayed by an Aramco representative. O kaz newspaper reported an unidentified Aramco official as saying that the company is providing enough oil and natural gas to cement companies for them to raise production by 16 per cent from current levels, A recent report by NCB Capital had said ongoing fuel issues with Aramco could delay the 4.5Mta of new capacity e... |
Full-year Egyptian demand declines due to uprising27 January 2012, Published under Cement NewsEgypt's cement consumption in 2011 decreased by an estimated eight per cent to 45.2Mt according to a report by CI Capital, following an increase of three per cent to 48.9Mt the year before. Economic turmoil in the wake of political uprisings has reduced the demand for housing and infrastructure construction. Due to continued political and economic uncertainty a further decline of 2% to 44.5Mt is expected in 2012. However, the government has announcement plans to build 75,000 residential u... |
Bolivia looks to imports to solve shortage27 January 2012, Published under Cement NewsTo address a possible shortage of cement, Bolivia’s Deputy Minister of Public Works, Vladimir Third, announced yesterday, the country is considering scaling up imports as gas supply issues hinder production against a backdrop of rising demand. Mr Third explained that the shortage of cement is due to high demand by the domestic construction industry on the back of strong economic growth, local press reports. According to government estimates, the domestic cement market may not be covered b... |
Pakistan exporters hike Afghanistan prices by 25%27 January 2012, Published under Cement NewsPakistani exporters have raised prices to Afghanistan by 25 per cent to US$50/t up from US$37-40/t, the Express Tribune reports. Senior analyst at KASB Securities, Shagufta Irshad, said the move will have a positive impact on the earnings of these companies in the current financial year. With DG Khan and Lucky Cement both situated in the northern part of Pakistan and are major exporters to Afghanistan. Sales to this neighbouring market constitute about 30 per cent of DG Khan’s total ex... |
Cementos Lima's 2011 shipments fall, Peru26 January 2012, Published under Cement NewsCementos Lima, the largest cement manufacturer in Peru, saw cement shipments in 2011 decline by 53,000t, down 1.6% from 2010. This brings the company’s total cement shipments for the year to 3.2Mt. However, cement dispatches in the overall Peruvian rose from 8.5Mt to 8.8Mt. Cementos Lima’s sales are mainly focused on the central coast of the company which saw a decline in mainly in the self-construction markets. The company's revenues were PEN1092.2m (US$405.9m), down 1.3% compared t... |
Construction sector impacts UK 4Q11 figures26 January 2012, Published under Cement NewsFourth quarter 2011 UK GDP figures published yesterday by the Office of National Statistics show that the domestic economy contracted by 0.2 per cent, with the main contributors being the manufacturing and construction sectors which fell 0.9 and 0.5 per cent, respectively. Commenting on the outlook, Noble Francis, Economics Director at the Construction Products Association (CPA) said: ‘Unfortunately the prospects looking forward are even worse, as construction is expected to fall a further ... |
TCL to challenge Competition Commission, Trinidad26 January 2012, Published under Cement NewsTrinidad Cement Company (TCL) has been granted an application for special leave by the Caribbean Court of Justice, allowing the cement producer to challenge a report on the region’s cement trade undertaken by Caricom’s Competition Commission. This follows an investigation conducted by the commission into TCL’s operations regarding the production and sale of cement in Caricom which began in December 2009, the Trinidad Guardian reports. The seven judges that sat on yesterday’s panel ordered ... |
CMA announces Muthiah as new head, India26 January 2012, Published under Cement NewsMr MAMR Muthiah, managing director of Chettinad Cement Corporation has been announced as the new president of the Cement Manufacturers Association of India at its 50th annual meeting, according to a press release. |