Cement News tagged under: international
CMS Cement explains cement shortage29 December 2011, Published under Cement NewsCMS Cement, Sarawak’s sole cement producer, refuted claims that it had caused project delays and a surge in house prices. In a clarification, CMS Group managing director Datuk Richard Curtis explained that there had been an unscheduled four-day shutdown of its Bintulu plant in late November due to an unforeseen technical breakdown. He said the situation was compounded by the exceptionally bad weather which seriously disrupted loading and unloading of bagged cement to be delivered b... |
East Africa Portland Cement severs clinker supply contract with Bamburi29 December 2011, Published under Cement NewsKenya’s East Africa Portland Cement (EAPCC) has severed a multimillion shilling clinker supply contract with Bamburi, ending a four-year deal that had raised questions over potential conflict of interest due to common shareholding and market rivalry of the two listed companies. The cement producer has now signed a new supply agreement with competitor National Cement, representing a cost saving of KES720/t. “We found out that other players were offering lower prices which m... |
Taiwan Cement: China’s demand to slow in 201228 December 2011, Published under Cement NewsTaiwan Cement Corp expects China’s cement demand to expand by 7-8% in 2012, compared to the double-digit growth of the past few years, and annual production capacity to total around 2.2bnt. The China Cement Association predicts China will churn out 1.88bnt of cement in 2012, accounting for 56% of global output, with China’s cement production to reach 2.07bnt this year. Taiwan Cement said China’s cement sector will see moderate recovery in 2Q2012 after an off-... |
VNCA: Vietnam to export 6Mt of cement and clinker next year28 December 2011, Published under Cement NewsVietnam is forecast to export 0.5Mt of cement and 5.5Mt of clinker in 2012, said an official from the Vietnam National Cement Association (VNCA). VNCA President Nguyen Van Diep said Africa will be the key target market of the country’s cement producers. In 2012, cement production is expected to rise to 73Mt as eight cement plants come online, adding 6.9Mta of production capacity. National cement consumption is forecast to reach 60Mt or 86% of domestic produ... |
Ahmadinejad opens Qom cement plant28 December 2011, Published under Cement NewsIranian President Mahmoud Ahmadinejad has inaugurated a 1Mta cement plant in Iran’s central province of Qom. Neizar cement factory, which was launched in the presence of President Ahmadinejad and Iran’s Minister of Road and Urban Development Ali Nikzad on Monday, has been set up at a cost of US$145m with key funding from Iran’s Bank Melli and the government’s Foreign Currency Reserve Fund. The factory is expected to create more than 200 direct and 3,000 indirect job opportun... |
Birla permitted to remove limestone from Chittorgarh23 December 2011, Published under Cement NewsThe Rajasthan High Court has granted a partial relief to Birla Corporation Ltd to remove 70,000t of excavated limestone from the mining area at its Chanderia unit in Rajasthan, according to a report in The Hindu. Birla Corporation had suspended limestone mining at Chittorgarh following the Court’s order on August 27, 2011. The Rajasthan High Court had ordered to stop mining within 10km of the Chittorgarh Fort. The Court has, however, directed Indian Bureau of Mines to conduct inspection an... |
TCC International to sell Manila terminal23 December 2011, Published under Cement NewsTCC International said it agreed to sell the cement terminal, bagging and bulk loading facilities, equipment, all other assets and leasehold improvements located on two parcels of land in Manila, Philippines for US$13.5m. TCC International believes the disposal will allow the Group to realize its investments in the above assets at a reasonable price and re-allocate its resources to focus on its operations in Mainland China and Hong Kong. |
India: cement majors advocate higher prices23 December 2011, Published under Cement NewsVicat (France) has joined Swiss major Holcim in advocating higher prices for cement in the Indian market, according to a report in the Business Standard. Markus Oberle, country head, Vicat group (India), told Business Standard, “The minimum price of cement (50 kg bag) should be INR300 (US$5.7) in India. The cost pressures are on a rise and there are several challenges for the industry here.” Vicat holds a majority stake in Andhra-based Bharathi Cement. Paul Hugentobler, member of executive ... |
Social housing boosts Moroccan cement consumption23 December 2011, Published under Cement NewsThe revival of Morocco’s social housing programme has given a significant boost to the country’s cement consumption. In November, demand for the building material was up 9.25% YoY. This brings the figure for the year to date to 14.59Mt, according to the Ministry of Housing. The highest consumption figures were recorded in the regions of Greater Casablanca and Tangier-Tetouan, with 2.22Mt and 1.62Mt, respectively. They are also the areas with the highest building starts of social housing uni... |
Indonesia – infrastructure spending to drive cement demand23 December 2011, Published under Cement NewsA finance ministry official said government capital spending in 2012 would be directed mostly for basic infrastructure development projects. "Especially infrastructure projects of the ministry of public works such as road, bridge, irrigation network, airport and seaport development projects," the director general of budget affairs, Herry Purnomo told Antara News. The allocation of capital spending in the 2012 budget is expected to reach IDR168.1tr or 2.1 percent of the country’s gross dome... |