Cement News tagged under: international
Tanzania to import Pakistani cement17 October 2011, Published under Cement NewsTanzania has decided to import cement from Pakistan as it faces acute shortages following mechanical breakdown at a plant, Guardian newspaper reported on Saturday. Masoud Hamisi of Tandika hardware said due to shortage he decided to import cement from Pakistan. “There is no local cement. We have turned to imported supplies.” Cement producers say production cost is too high in Tanzania (probably four times) compared to that of Pakistan. While it costs US$86 to transport 1t cement from Da... |
Cameroon, Lafarge to invest in new plant17 October 2011, Published under Cement NewsThe Cameroon government and Lafarge are investing CFA50bn (US$581m) in a cement factory to be built in Nomayos, a small town 15km southwest of Yaounde, the unit’s chief executive officer said Friday. Jointly owned by Cameroon’s government and Lafarge’s Cimenteries du Cameroon, or Cimencam, the new plant will produce some 500,000tpa of cement, Cimencam CEO Pierre Moukoko Mbonjo told Dow Jones Newswires. The Nomayos factory will be the third for Cimencam, which already produces 1.6Mta of cem... |
National Cement to upgrade Kiln Lines 3 and 4, Egypt17 October 2011, Published under Cement NewsNational Cement’s managing director announced that the company will upgrade its third and fourth production lines. The project will take two years to complete at a total cost of EGP600mn, in addition to raising the company’s capacity by 0.5Mta. Source: Cairo Financial Holding |
Earthquake rebuilding to increase producer earnings17 October 2011, Published under Cement NewsJapanese cement producers, Taiheiyo Cement Corp and Sumitomo Osaka Cement Co are likely to have logged better-than-expected results for the April-September half on reconstruction demand from the Great East Japan Earthquake. Taiheiyo Cement is expected to report a consolidated operating profit of about JPY4bn, beating its earlier projection by roughly JPY1bn. For the same period a year earlier, it had posted an operating loss of JPY1.8bn. Sales likely stayed flat at around JPY340bn. Domesti... |
Heated Brazilian demand results in rising cement imports14 October 2011, Published under Cement NewsBottlenecks in the supply of cement to meet a heated demand in Brazil are leading to mounting imports of cement and clinker which have reached 2.1Mt from Jan-Sep 2011, up 74,3% from the same period in 2010, reports Brasil Economico. Recent data from industry association, Sindicato Nacional da Indústria do Cimento (SNIC), shows that cement sales during the January-September 2011 period advanced 7.7% YoY to 47.2Mt. Local cement demand has been increasing on the back of a boom in residential ... |
China cement sector fundamentals not too bad - UBS14 October 2011, Published under Cement NewsUBS says cement prices increased in most of the major cities south of the Jiangsu province, including Wuxi, Suzhou, Changzhou etc. It has two positive readings from the price increase: the demand is actually not too weak and has seasonally strengthened; the market coordination still works. "In the East of China, the market coordination and supply disciplines are most vulnerable in south of Jiangsu, and this round of price increase seems to be partly thanks to the kilns shutting down in the a... |
Cemex announces developments in affordable housing initiative14 October 2011, Published under Cement NewsCemex announced today a number of developments in the progress of its affordable housing initiative, a project that was undertaken to help provide quality concrete housing to low-income families in developing countries. “Our goal is to help support people as they strive to provide homes and shelter for their families. We do this by not only helping to supply these new homeowners with affordable and reliable products, but also to help them find the right financial solutions to secure qualit... |
Plans to double Bokajan cement plant output, India14 October 2011, Published under Cement NewsThe Cement Corporation of India (CCIL) is to double capacity of its Bokajan factory due to expected increases in demand in the northeast, together with a view to explore regional export markets. A study by the National Council of Applied Economic Research shows that demand in Assam was likely to rise to 3.05Mt by 2010-11. The report projected an additional increase of 0.45Mt if the region’s economic growth rate was eight per cent. The environmental impact assessment report for the Bokajan ... |
PPC, NovaCimangola bid for Congo cement stake-govt14 October 2011, Published under Cement NewsPPC and NovaCimangola SA are the two final bidders to buy a 58 per cent stake in Democratic Republic of Congo’s state-owned cement producer, Cimenterie Nationale (CINAT), after they had their technical bids accepted, the government said on Thursday. Reuters reports that PPC valued the entire company at US$75m, and made a conditional offer of US$43.5m for the stake, according to Marc Ejiba, a government spokesman. NovaCimangola SA made an offer of US$40.6m, noting that it would be necessary... |
Chinese to invest US$100m in Tajikistan plant14 October 2011, Published under Cement NewsChinese company Huaksin Central Eisha Investment, in cooperation with Tajik enterprise, Gayur, has started construction of a new cement plant in the Javansky district, southern Tajikistan. Total capacity of the plant is expected to reach 1Mta, while the total cost of the project is estimated at US$100m. According to the Tajik Ministry of Energy and Industry, the new plant will be built in accordance with all the necessary environmental requirements and is expected to aid the problem of sh... |