Cement News tagged: International
Fitch lowers Indonesia cement consumption expectations
Indonesian cement producers are on track to achieve the lower-end of the Indonesian Cement Association's (ASI) 4-5 per cent annual growth target, with Fitch Ratings expecting a boost in demand during 2H16 due to new construction projects and more favourable economic conditions. Domestic cement demand rose 4.3 per cent YoY in 1Q16 to 14.4Mt, according to ASI's latest cement consumption data....
New projects push Indonesia towards overcapacity
Indonesia's dynamic market has attracted both foreign and local cement companies to invest in new cement plants, intensifying competition for existing producers and tipping the industry towards oversupply. Four new entrants - including companies from Taiwan, India and two local firms - plan to build new factories in Indonesia with a combined capacity of 12.1Mta, according to a report in the ...
US cement shipments up 26% YoY in February
Preliminary data from the US Geological Survey shows that Portland and blended cement shipments in February 2016 amounted to 6.0Mt, including 630,000t of imports. These figures are both up on February 2015, with overall shipments being 26 per cent higher and imports 29 per cent higher. Shipment volumes for February 2016 were well above the 4.5Mt average over the previous five years (2011-15...
Russia: Ninth PetroCem conference gets underway
The ninth PetroCem Conference and Exhibition opened its doors on Monday when Russia's cement industry and more than 500 international delegates met for discussions in St Petersburg for the first of a two-day meeting. Journal Cement editor and conference organiser, Mila German opened proceedings and was pleased to see how the event had grown since the first PertoCem conference in 2000. Wh...
Cementos Molins plans US$189mn investment in Argentina
Cementos Molins SA, Spain, the main stakeholder in Argentina's Cementos Avellaneda, said on Monday it plans to invest US$189mn to expand production at the company's local facilities. The company currently operates a 0.3Mta capacity plant in San Luis province which will be expanded to 1Mta after the upgrade. The investment comes after moves by President Mauricio Macri to reconcile Argentina w...
Pakistan: Exports fall 24% in first nine months of 2015/16
Pakistan’s cement exports fell during 9MFY2016 on a YoY basis dropping by 24.4 per cent in volume terms and 28.9 per cent in US dollar values. Figures released by the Pakistan Bureau of Statistics (PBS) show that the country exported 4.6Mt of cement, earning revenue of US$248m during July-Mar 2016. This was down from the 6.0Mt exported in the corresponding period a year earlier. Average pri...
Morgan Stanley: cement consumption to grow 4% YoY to 2020
New research from Morgan Stanley predicts that worldwide cement demand excluding China has turned a corner and will grow at an annualised rate of four per cent between 2016 and 2020. The investment firm is particularly bullish about India, South Asia and sub-Saharan Africa, all of which it forecasts will see consumption grow by more than five per cent per year over the period (with Indian d...
Spain: cement consumption stagnates
Cement consumption in Spain has returned to the red numbers at the end of the 1Q16 with a fall of 0.5 per cent, which places the accumulated 2,565,811t in total, about 12,000 less than in the same period last year. With respect to March, the fall was 7.2 per cent, reaching 928,188t, 71,795 less than in the same month of 2015. "Since June 2015 we see a sharp slowdown in consumption an...
Mobile cement app launched by OCL India
Dealers of OCL India Limited, the makers of Konark Cement, can now place cement orders through mobile phones. The Suvidha app has been launched as an android app in Bhubaneswar. Using Suvidha dealers will also be able to place track delivery status online, delays if any, billing details and other commercial activities. Developed exclusively for the dealers of Konark and Dalmia Cement, the ap...
Ecuador's cement sector has to deliver
Ecuador has been in the news for all the wrong reasons following the devastating 7.8-magnitude earthquake which hit the South American country last Saturday. With more than 570 people known to have died and 25,000 people in temporary shelter, the country is expected to take years to rebuild the homes, bridges and roads destroyed by the quake, President Rafael Correa said on Wednesday. The esti...
Taiwan Cement sales down 20.8% YoY in 2015
Taiwan Cement Corp saw its 2015 YoY sales fall 20.8 per cent to TWD93.68bn (US$2.89bn), while the company’s net income dropped by 46.7 per cent to TWD5.78bn (US$178.67m), according to Aggregates Business Europe. During October-December 2015, revenue and net income of the firm fell by 17 per cent and 31.3 per cent to TWD24.6bn (US$760.45m) and TWD1.78bn (US$55.02m) respectively, as compared to...
India: local residents in favour of Jorabat cement plant
Plans to set up a 500tpd cement plant near Jorabat, Assam, India, have received the support of local residents. The Pollution Control Board Assam has conducted a public hearing in the premises of Ambher LP School at 12th Mile, near Jorabat, on the issue of setting up of a proposed cement plant. The majority of the local people and residents supported establishment of the works on the condit...
Uganda: Karuma dam has to bring in Kenyan cement
Contractors for the Karuma dam in Uganda have resorted to importing Kenyan cement to help keep work going at the site. In a media brief to journalists over the weekend at the construction site, the Karuma Hydro power plant project liaison officer, Qu Jinwei, said they were forced to source high grade 42.5 cement from Kenya since both Hima and Tororo cement factories could not deliver the qual...
UK: new Ecocem cement terminal opened
Ecocem, a Dublin-based cement producer, has opened its first UK bulk import terminal along the Manchester Ship Canal, built in partnership with Peel Ports at Runcorn. The new bulk import facility on a one-acre plot will handle cement from Ecocem’s production facility in Dublin Port. From the Runcorn site, it will be processed and transported direct to UK construction projects via road, rail ...
South Africa: Cement sales up 7.7% in 2015
Consumption of cement in South Africa rose by 7.7 per cent YoY in 2015 following a drop in sales the previous year. According to figures released by PPC, volumes reached 13Mt in 2015 thanks to strong demand from the construction sector. Responding to the news, Business Day pointed to the positive impact from projects to build new power stations and hydroelectric plants. Sales grew fastes...
Georgia: new US$100m Senaki cement plant ordered
A new cement plant will be built in Senaki, Georgia. This project was discussed in detail at a meeting between the Georgian Prime Minister and local businessman Cezar Chocheli who owns Interplast LLC, a plastics company. Cement produced in Senaki will target both local and export markets, reported Prime News Agency. The US$100m project is implemented in cooperation with a Chinese company. Co...