Cement News tagged under: international
Ash Grove Cement acquires Geofortis LLC13 September 2024, Published under Cement NewsAsh Grove Cement (USA) has acquired Geofortis LLC, operator of a raw natural pozzolan milling and classifying line and nearby deposit in Toole, Utah. Since starting production in 2021, Geofortis has obtained approvals for its supplementary cementitious material from agencies in California, Colorado, Nevada and Utah. Ash Grove President, Serge Smith, said, “[This venture] aligns perfectly with our long-term growth strategy and commitment to sustainability. High-quality pozzolan products ... |
Indian cement producers prepare for major expansion12 September 2024, Published under Cement NewsIndian cement producers are set to invest approximately US$14.3bn over the next four years, aiming to increase capacity by around 25 per cent, or an estimated 160-170Mta of production capacity. The expansion will be driven primarily by the three leading cement producers in India: UltraTech , Ambuja , and Shree Cement . Collectively, these companies will account for 70 per cent of the country’s capacity increase. The producers’ capital expenditure costs for these expansions is expected to... |
Investment Fund for Developing Countries sells Power Cement stake12 September 2024, Published under Cement NewsThe Investment Fund for Developing Countries and IFU Investment Partners K/S (IIP) have decided to dispose of their combined 6.1 per cent stake in Power Cement Ltd , Pakistan. IFU Investment Partners K/S (IIP) and the Investment Fund for Developing Countries (IFU), which hold a total of 80,506,670 shares in Power Cement, have decided to dispose of the entire shareholding in the company. IFU and IIP have been shareholders in Power Cement for approximately seven years, which is a regular... |
Cemex sells operations in Guatemala11 September 2024, Published under Cement NewsCemex announced that it has sold its operations in Guatemala to Holcim Group , for a total consideration of approximately US$200m, with the transaction signed and closed 10 September 2024. The divested assets consist of one grinding mill, three ready-mix plants and five distribution centres. As of 31 December 2023, the grinding mill had an installed capacity of around 0.6Mta. Fernando A González, CEO of Cemex, said, “In 2024 we have accelerated the execution of our portfolio rebalan... |
Iran’s cement market contracts 17% in August11 September 2024, Published under Cement NewsIranian cement demand decreased 17.2 per cent YoY to 4,778,492t in August 2024 from 5.77Mt in August 2023, according to the Iranian Cement Association. Cement production cement production declined 4.7 per cent YoY to 5,449,818t in August 2024 from 5.72Mt in the year-ago period. Clinker production fell 49.3 per cent from 2,836,993t in August 2024 from 5.6Mt in August 2023. In August 2024 cement exports advanced 38.6 per cent to 526,509t from 0.38Mt in August 2023 while clinker exports d... |
Vietnam's cement industry leaders call for action following 42 line stoppages11 September 2024, Published under Cement NewsProduction in the Vietnamese building materials sector has seen a sharp decline, with the Ministry of Construction reporting significant drops in both production and sales throughout 2023 and the first eight months of 2024. The cement industry, in particular, has been hit hard, with total production for 2023 reaching only 92.9Mt when compared with a capacity of 122.34Mta. This shortfall led to 42 out of 92 production lines being halted for up to six months, with some ceasing operations entir... |
Domestic cement sales in Brazil increased 4% in August 202410 September 2024, Published under Cement NewsDomestic cement sales in Brazil increased by 3.5 per cent YoY to 6.175Mt in August 2024 from 5.968Mt in August 2023, reports the country's cement association, SNIC. Sales volumes benefitted from a 5.6 per cent YoY rise in daily dispatches, reaching 252,000tpd in August 2024. Brazil is facing its worst drought in history, leading to the announcement of a red flag energy bill that could impact production costs and logistics, particularly in the North region. Additionally, labour shor... |
Argos Panama’s strive for carbon neutrality10 September 2024, Published under Cement NewsArgos Panama (part of Cementos Argos SA ) is committed to making the construction of housing and infrastructure more sustainable. Gustavo Uribe, CEO of Argos Central America, highlights that this approach is reflected in a portfolio of environmentally responsible products manufactured in Panama’s first carbon-neutral cement plant. The company has been able to achieve such sustainability goals after completing the “Reduce Your Corporate-Carbon Footprint” programme set by the Ministry of th... |
Kenya surveils substandard cement10 September 2024, Published under Cement NewsThree out of five cement samples that the Kenya Bureau of Standards (KEBS) collected in a market surveillance operation failed the standards test. The report indicates that only 38.1 per cent of the cement tested in February 2022 met the required standards, including the capacity to withstand the slightest pressure without crumbling. Subsequent tests found that the quality of cement improved, with 63.4 per cent meeting the compressive strength test in December 2023, which the standards... |
Senegal's market expands 17% in July09 September 2024, Published under Cement NewsCement sales in Senegal increased by 17.4 per cent in July 2024 to 672,700t when compared with 573,200t in July 2023, according to Senegal's Planning and Economic Study Directorate. Domestic production advanced by 15.8 per cent YoY to 823,200t from 711,000t in July 2023. Of this total, cement plants exported 167,900t of their output, up 17.9 per cent YoY when compared with exports of 142,400t in July 2023. January-July 2024 In the first seven months of 2024, Senegal's cement market exp... |