Cement News tagged under: international
JK Cement begins construction of UAE cement plant16 January 2012, Published under Cement NewsIndia’s JK Cement has started construction of a white cement plant in the UAE, the completion of which could make it a top five player in the niche market of white cement. The company’s vice president N. Gowrishankar told Gulf News that the new plant, to be constructed in the emirate of Fujairah, will involve an investment of US$149.7m and a capacity of 0.6Mta of white cement, with the ability to switch operations to 1Mta of grey cement. The plant is scheduled for commissioning in 2013. ... |
Spanish firms to pay fine on northern cartel16 January 2012, Published under Cement NewsA number of Spanish cement companies have been imposed with a fine worth over EUR11.09m by Spanish competition watchdog, CNC, for setting up a cartel in northern Spain. Cements Portland was ordered to pay a fine of EUR5.72m, followed by Beriain (EUR2.5m), Cetya (EUR1.14m), Vresa (EUR959, 277) and Cemex Espana (EUR502, 283), Cinco Dias reported. |
India Cements sets its sights on pan-Indian presence16 January 2012, Published under Cement NewsSouthern Indian cement producer, India Cements, is aiming to achieve a pan-Indian presence to benefit from development across the region by acquiring new mining leases and improving performance. The company, which enjoys a 28 per cent market share in the southern Indian market, has set up a 1Mta grinding unit in Maharashtra in the western part of India and moved into Rajasthan, in the northwest where it has set up a 1.5Mta composite cement plant. "Wherever we have got mining leases, w... |
Mining closure set to affect Kenyan production16 January 2012, Published under Cement NewsOperations by Kenya’s leading cement producers including East African Portland Cement and Bamburi Cement – all with operations in the Athi River region – may be forced to halt production due to the closure of mines by locals in the county of Kajiado. Local newspaper the Nairobi Star reports that Maasai leaders have ordered the shut down all the mines. Other producers with operations in the Athi River region which are said to be affected include Simba Cement, Mombasa Cement and Rhino Cemen... |
Talks on new Guatemala-Honduras venture16 January 2012, Published under Cement NewsHonduran President, Porfirio Lobo Sosa has begun talks with representatives from a Guatemalan cement producer on the possible establishment of a cement factory in Honduras. Cementos Progreso, Guatemala’s leading cement producer is said to be interested in investing in the Central America country, La Tribuna (Honduras) reports. During the meeting, both sides expressed an interest in supporting the project and a visit by the interested parties to Honduras could possibly take place as early... |
JK Lakshmi to invest in capacity expansion, India13 January 2012, Published under Cement NewsJK Lakshmi Cement is ensuring it is well placed for a revival in future domestic demand by planning to spend US$386m in the next financial year on expanding capacity, the Wall Street Journal reports. Vinita Singhania, managing director of JK Lakshmi Cement, said the producer plans to expand capacity to 8-9Mt by the end of the next fiscal year. Current capacity stands at 4.8Mt and is likely to rise to 5.3Mt by 31 March 2011, the end of the current fiscal year. JK Lakshmi is also currently... |
UK monthly construction output flat13 January 2012, Published under Cement NewsUK construction output figures from the Office of National Statistics for November show no change from the low levels recorded in October. However, output was 1.6 per cent lower than in November 2010 when the industry was severely affected by bad weather. New work fell by 1.3 per cent (-UK£241m) and repair and maintenance fell by one per cent (-UK£97m). The only increases were in new infrastructure work, which increased by 14.7 per cent (+UK£436m); private commercial new work, which inc... |
India: 2012 outlook negative13 January 2012, Published under Cement NewsWith the Indian cement industry currently caught in a down-cycle, Fitch Ratings has said the 2012 outlook for the Indian cement sector is negative. Moderation in cement demand and overcapacity are the main issues plaguing the sector at present. Fitch expects future activity in the real estate and infrastructure sector to remain muted given low credit growth, leading to cement dispatch volumes growth ranging from 2-5 per cent in 2012. Cement volumes had been relatively stable until ear... |
Brazil cement sales rise 7.3% in 201112 January 2012, Published under Cement NewsBrazilian cement demand has continued its upward momentum with 2011 sales advancing 7.3 per cent YoY, latest data from Sindicato Nacional da Indústria de Cimento shows. Preliminary industry figures and market estimates, show that domestic sales reached 63.5Mt in 2011 compared to 59.12Mt in the previous year. Including cement exports, which totaled 44,000t last year, full year sales from Brazil were 63.55Mt against 59.19Mt in 2010. Statistics for December alone showed sales reached 5Mt,... |
HeidelbergCement inaugurates new mill, Bangladesh12 January 2012, Published under Cement NewsHeidelbergCement officially inaugurated a new 0.8Mta cement ball mill at its plant in the seaport Chittagong, Bangladesh. The investment costs amount to approximately US$16m and aims to further serve the promising domestic market. Test runs of the new mill have already been conducted successfully at the end of 2011 and production started in the first week of January. "We are very pleased that we are able to officially inaugurate our state-of-the-art cement mill today," says Dr Bernd Schei... |