Cement News tagged under: international
Turkish exports decline due to civil unrest18 July 2011, Published under Cement NewsThe instability and social unrest in the Middle East and North African countries has a negative impact on Turkish exports. Turkey’s southern province of Antalya is experiencing a significant decline in cement exports this year due to Middle Eastern and North African turmoil, the head of the Antalya Free Trade Zone, or ASBAŞ, said during a Sunday meeting. “Cement exports fell by 35 per cent in the first half of this year compared with last year,” said Zeki Gürses, general manager of ASBAŞ, ... |
Prism Cement’s greenfield plant by 201418 July 2011, Published under Cement NewsPrism Cement, a Rajan Raheja group company, plans to reach a capacity in excess of 10Mta by 2014 with a greenfield unit at Kurnool, Andhra Pradesh. With the commissioning of its brownfield unit of 3.6Mta capacity recently, the company’s total installed capacity has been increased to 5.6Mta. The greenfield expansion is expected to be completed by 2014 with capacity addition of 4.8Mta. Though the project was announced in 2007, implementation has been slow partly due to the global economic s... |
China Cement strong demand hopes18 July 2011, Published under Cement NewsChina’s cement producers are higher on hopes for strong demand after the government speeds up the construction of social public housing in the second half, say analysts. The State Council said Thursday that China had began construction on more than 50% of the 10 million public housing units it has pledged to build this year as of the end of June. The reading is up from 30% as of May. "The sector may still have some upside due to expectations of strong 1H earnings growth," says Huatai Secur... |
JSW cement arm puts IPO on hold, India18 July 2011, Published under Cement NewsSajjan Jindal-promoted JSW Cement has decided to put its initial public offering on hold as it moderates expansion keeping in mind the oversupply situation prevailing in the domestic market. “Our IPO for JSW Cement is off for the moment. Instead we are focused on starting the five million tonnes per annum capacity plant at Andhra Pradesh in the next one month, which will use waste slag from our steel plant and fly ash, generated as a waste product by JSW Energy’s thermal power plants. The p... |
Indonesia production expected to rise to 59Mt in 201218 July 2011, Published under Cement NewsIndonesia’s cement production capacity is expected to rise to 59Mt next year, from 54.5Mt this year. Additional capacity is expected from PT Semen Gresik and PT Semen Tonasa each 2.5Mt, the association of cement companies (ASI) said. ASI chairman Urip Timuryono said last weekend additional capacity is needed to meet fast growing demand for cement in the country. In 2013, there is more an additional capacity of 1.8Mt with the completion of a new factory of PT Holcim Indonesia. Urip said L... |
Belarus first-half production rises18 July 2011, Published under Cement NewsIn the first half of 2011 cement production in Belarus increased by 1.2% compared to the same period last year and amounted to 2.14Mt, according to data from Belstat. In June alone, some 0.44Mt was produced, up 0.4% YoY and an 8.3% increase on May 2011 figures. |
Luanda Govt, BPC, Nova-Cimangola sign agreement, Angola17 July 2011, Published under Cement NewsAn understanding protocol aimed to guaranteeing supply of national cement to contractors which perform public works linked to Luanda government was signed Wednesday, by the Savings and Credit Bank (BPC), Nova-Cimangola and Luanda Provincial Government (GPL). The protocol was signed by the deputy governor for financial and productive area, Miguel Catraio, the chairperson of the Board of Directors of the Savings and Credit Bank, Paixão Júnior, and the executive director of the Nova-Cimangola,... |
Fire at Holcim’s Holly Hill works, USA15 July 2011, Published under Cement NewsA fire broke out at Holcim’s Holly Hill, South Carolina, cement plant on Wednesday after lightning ignited fumes in a rail tanker that was being emptied of fuel. Plant employees were able to extinguish the fire within a half hour, Facility Manager Joe McFalls said. "We were able to put it out pretty quickly," McFalls said. No one was injured in the incident, nor were the contents of the tanker spilled, McFalls said. In addition, no equipment was damaged and the plant will continue operate ... |
High East Africa demand to drive earnings15 July 2011, Published under Cement NewsLimestone deposits and growing demand in East Africa will drive the profitability of cement companies in Kenya, according to a research by investment bank Renaissance Capital. The deposits in Kenya and Tanzania are expected to lower the costs of production for the firms with Athi River Mining (ARM)—Kenya’s integrated minerals firm – becoming the largest producer in Tanzania over the next two years. The deposits give cement manufactures in the two countries a cost edge over other manufactur... |
Compensation for cement mill not set in stone, Australia15 July 2011, Published under Cement NewsAustralian government claims that a Port Kembla cement mill will be eligible for assistance under the carbon tax have been questioned by the factory’s owners. Adelaide Brighton Ltd’s managing director Mark Chellew said he was surprised to learn the company’s Port Kembla operation was on a list of Illawarra companies eligible for compensation to soften the impact of the scheme. The list, published in Wednesday’s Mercury, was provided by the office of Climate Change Minister Greg Combet. Mr... |