Cement News tagged under: international
Siam Cement Group mulls entry into Philippines21 September 2011, Published under Cement NewsThai conglomerate, Siam Cement Public Co Ltd (SCG), is looking to manufacture cement in the Philippines on top of its existing network in the rest of Southeast Asia, an official said late on Monday. “Regarding investment [in the Philippines], in the future, we are looking for a cement plant, if any. We got invited by President [Benigno S C. Aquino III] to invest in cement so we are going to look into opportunity for this,” Kan Trakulhoon, SCG president and chief executive told visiting rep... |
Saudi Yanbu Cement to launch fifth line in Jan 201221 September 2011, Published under Cement NewsSaudi cement producer Yanbu Cement Co (YCC) said in a bourse filing yesterday it will launch its fifth production line, currently under construction, in January 2012. The new production line will have a daily capacity of 10,000t, bringing YCC capacity to 7Mta. |
Pakistan cement exports fall in first two months21 September 2011, Published under Cement NewsDuring the first two months of the current fiscal year (July 2011-August 2012) Pakistan exported 1.371Mt of cement and earned US$75.888m compared to 1.72Mt at US$80.900m in the same period of the previous year. This shows cement exports fell by 20.03 per cent in terms of quantity and 6.2 per cent in terms of value YoY, according to data released by Pakistan’s Federal Bureau of Statistics. In terms of Pakistani currency, exports fell 5.36 per cent during July-August 2011-12. Industry experts... |
Dangote to invest in new plant in Cameroon21 September 2011, Published under Cement NewsThe Dangote Group, Nigeria’s biggest cement producer, signed an agreement to build a US$115m plant in the West African nation of Cameroon. The plant in Cameroon’s northeastern port city of Douala will have a capacity of 1.5Mta, the company said in a statement. It will comprise a quarry and a cement-grinding unit, and will take between 14 months and 18 months to build. Funds for the Cameroon plant will be raised from external sources, and represent part of Dangote’s US$700m long-term inve... |
South Africa’s PPC forecasts lower profits21 September 2011, Published under Cement NewsPretoria Portland Cement (PPC) on Tuesday advised that it expects headline earnings per share for the year ending September 2011 to be between 25% and 30% lower than 218.7 cents previously. The group said it expected earnings per share to be between 25% and 30% lower than 212.9 cents in 2010. “In line with guidance given at PPC’s interim results during May 2011, cement demand in South Africa improved marginally during the second half of PPC’s financial year. However, cement demand in the... |
Egypt cement prices down as demand falls21 September 2011, Published under Cement NewsMirroring the economic slowdown in Egypt, cement prices have fallen by around 30 per cent, traders say. Cement plunged to EGP425 (US$71) this month from an average EGP700/t compared to September 2010, one trader said. While analysts attribute the decline in prices to fundamental factors – supply and demand – traders blame sector protests and deteriorating security conditions. "The construction sector has taken a serious blow, public and private investments are on hold. The property market ... |
Spanish volumes see double-digit declines21 September 2011, Published under Cement NewsFor the first eight months of 2011, Spain consumed 14.5Mt of cement, down 13.3% for the same period of 2010. Production stood at 15.7Mt, 12.4% lower than the first eight months of 2011. Exports figures, however, are similar to those recorded last year, reaching 2.7Mt. Imports, on the other hand, were down 37.6% YoU. For August 2011 alone, Spanish demand stood at 1.7Mt, representing a decline of 16.5% over August 2010, while the drop in production during the month was 23.5% to 1.8Mt. |
Cameroon cement consumption to increase threefold21 September 2011, Published under Cement NewsCement consumption in Cameroon may climb to as much as 8Mta by 2013, from about 2.5Mt now, Cameroon Radio and Television said. Demand for the building material will increase as the West African nation invests in energy and transport infrastructure, the state-owned broadcaster said, citing Badel Ndanga Ndinga, minister of industry, mines and technological development. |
Pakistan cement sales rise 7%21 September 2011, Published under Cement NewsPakistan rose seven per cent to 5.2Mt on the back of higher demand in the first two months of fiscal 2012. The growth in overall dispatches is attributed to a 14% upturn in local sales which reached 3.68Mt during July to August 2011 compared with 3.24Mt in the same period last year, according to data released by All Pakistan Cement Manufacturers Association. This is an unexpected surge in sales as they historically tend to pick up in the fifth month of the financial year, said Summit Capit... |
Kuwait Cement to import limestone from UAE20 September 2011, Published under Cement NewsKuwait Cement Co (KCC) has signed a US$500m long-term contract with UAE’s Ras Al Khaimah Rock Co to import limestone, Zawya news reported. Under the deal, RAK Rock will supply large quantities of limestone over 20 years to KCC’s plant in Shuaiba industrial estate, the cement company said. |