Cement News tagged under: international
Adana Cimento invests in new line, Turkey26 August 2011, Published under Cement NewsCement producer Adana Cimento, an Oyak Group company, says it plans to invest US$80m in a clinker facility in the city of Iskenderun. With this investment annual clinker production capacity of Adana Cimento will increase to 3.3Mt from the current 2.3Mt. The new facility is expected to be completed and come online within two years. |
India sector to see lowest profitability in a decade - report26 August 2011, Published under Cement NewsCrisil Research has forecast that the profitability of the cement sector will decline to its lowest in a decade by the next financial year, mainly due to a huge glut in supply. The independent research house said in a statement, describing the highlights of a study it has completed recently, that the supply glut will slacken cement manufacturers operating rates, consequently restricting their ability to pass on a sharp rise in power and fuel costs to consumers. "The magnitude of the ... |
Pakistan monthly export volumes rise26 August 2011, Published under Cement NewsData from Pakistan’s Federal Bureau of Statistics shows that in the first month of the current fiscal year (July 2011) Pakistan exported 706,936t of cement, earning US$39.072m compared to 673,400t at US$39.249m in June 2011. On a month-on-month basis, t his reflects growth of 4.98 per cent in terms of quantity but a 0.45 per cent reduction in value. Similarly, compared with July 2010 data, (918,579t at US$41.621m) volumes were down 23.04 per cent and the value fell 6.12 per cent. Pak... |
Lehigh Cement files suit over new reclamation plan24 August 2011, Published under Cement NewsThe Lehigh Southwest Cement Company is going to the courts to help stave off a decree from the state that could have barred the sale of products from the cement quarry to state and local governments. The company is challenging the California Department of Conservation’s request for a new reclamation plan by seeking a temporary restraining order enjoining the department from removing Lehigh from the AB 3098 list, an official listing of mines in California that meet the requirements of the st... |
GCC decline in profitability slows, Saudi Arabia outlook positive – GIH Research24 August 2011, Published under Cement NewsThe pace of decline in GCC cement sector profitability appears to be slowing down, according to recent figures by Global Investment House. The consolidated cement sector profitability declined by 4.7% YoY to USD785.9m in 1H11 compared to a decline of 12.0%YoY in 1H10. Saudi Arabia remains the only driver of GCC cement sector profitability with the net profit increasing by 13.5% YoY in 1H11. However, rest of the GCC countries continues to witness erosion in their profitability. Cement price... |
Lafarge Cement Zimbabwe’s increased output24 August 2011, Published under Cement NewsLafarge Cement Zimbabwe says it plans to produce 280,000t of cement this year despite encountering a major plant breakdown in June. Following the introduction of multiple currencies in 2009, Zimbabwe’s construction industry has been steadily improving, albeit at a slower pace. Lafarge’s full-year production figures for 2010 stood at 250,000t while initial forecasts for 2011 were placed at 320,000t. The company’s performance and improvements manager, Edson Chakanyuka explained that should p... |
Pakistan market expected to see 10 per cent growth23 August 2011, Published under Cement NewsWith only half of the allocated development fund expected to be utilised in fiscal year 2011-12 along with a slowdown in export markets, Pakistan cement dispatches are expected to see an improvement of up to 10% to 33-35Mt in the current fiscal year. Experts said that this would be despite the fact that some fresh demand of cement is also expected to arrive from flood-affected areas on account reconstruction activities. FY2012 has started on a positive note for the cement sector as its is... |
Semen Gresik two new plants to start operations within one year23 August 2011, Published under Cement NewsState-owned cement producer PT Semen Gresik, the largest cement company in Indonesia, announced that its two new cement plants – in Tuban, East Java, and in Pangkep, South Sulawesi – will start operations within one year. Executive director Dwi Soetjipto said Friday evening that the plants will hopefully increase the company’s cement production by 18 per cent to 23Mt, from its current levels of 19.5Mt. “We expect the construction of the new plant in Tuban to be finished in December and th... |
Athi River Mining plans South African plant23 August 2011, Published under Cement NewsAthi River Mining (ARM) plans to set up a cement production factory in South Africa. The project is part of the company’s move to boost its revenue by nearly one-fifth, ARM chief executive Pradeep Paunrana has said. The company has already acquired limestone minefields in South Africa. Construction of the plant is expected to start in two years. “We will begin the project after completing the Tanzania one in 2012. Our target date for production (in South Africa ) is 2013,” said Mr Paunra... |
Sino-Zimbabwe plans new plant23 August 2011, Published under Cement NewsChinese firm, Sino-Zimbabwe, announcing plans to build Zimbabwe’s fourth plant in the city of Masvingo, according to local press reports. Masvingo Mayor Femius Chakabuda said: ’Sino Zimbabwe is planning to build a new cement plant after discovering huge deposits of limestone and we have already signed a Memorandum of Understanding because the Chinese are asking for guarantees that we will be able to supply them with water for their plant.” The capacity of the plant remains undisclosed. |