Cement News tagged: International
Fletcher Building to sell Rocla Quarry Products business to Hanson
Fletcher Building Ltd has entered into a conditional agreement to sell the operations of Rocla Quarry Products (RQP) to Hanson Construction Materials in a transaction valued at approximately AUD203m (US$149m). Fletcher Building will continue to own and operate RQP until completion of the transaction, which is expected to be by the end of January 2016. The transaction is conditional upon a ...
Tarmac leads responsible sourcing excellence
Tarmac has announced that its Cement and Lime business has been awarded an ‘Excellent’ rating under BES 6001. Tarmac’s UK business has held a BES 6001 rating of ‘Very Good’ across its entire product range since 2011. But the latest certification makes it the first company within the cement and lime sectors to be awarded the ‘Excellent’ rating. The independent BRE standard assesses the syst...
Sumitomo Osaka to expand Kochi plant, Japan
Sumitomo Osaka Cement Co said Monday it will spend JPY2.6bn (US$21m) to expand facilities at its plant in the city of Susaki, Kochi Prefecture, western Japan, according to local press reports. Upon completion of the project in January 2017, capacity at the plant will be boosted by 0.2Mta to 0.5Mta, the company said. Sumitomo Osaka Cement is seeking to ensure stable supplies of the materials ...
Tokyo Cement adds to shipping fleet, Sri Lanka
Tokyo Cement announced the addition of a fifth vessel, 'MV Mohar', to its fleet of cement carriers. The 22,000t, pneumatic bulk cement carrier was inaugurated by chief guest Arjuna Ranatunga, Minister of Ports, Shipping and Aviation and guest of honour Upul Jayasuriya, chairman, Board of Investments, Sri Lanka. Speaking at the launch event, SR Gnanam, Tokyo Cement Group managing director, sa...
Peru: cement sales decline 5.2% in July
Peru’s cement market contracted 5.2 per cent in July, according to Asocem, the country’s cement producers’ organisation. Deliveries fell from 846,000t in July 2013 to 802,000t in 2014. Total dispatches, which includes exports, decreased by 5.5 per cent YoY from 870,000t to 822,000t over the same period. The association attributes the fall in domestic sales to lower public investment as well...
Vietnam monthly sales up by a quarter
Vietnam cement and clinker sales reached 6.5Mt in July, up 25 per cent YoY, the country's Association for Building Materials under the Ministry of Construction (MoC) announced. Of the total volume, 5.15Mt were sold at the domestic market, up 22 per cent YoY, while 1.35Mt (+37 per cent YoY). In the first seven months, Vietnam’s cement and clinker sales rose 10 per cent YoY to 40.98Mt, fulf...
Talks to recommence operations at the KKS factory, Sri Lanka
Working Director of Sri Lanka Cement Corporation (SLCC) and Lanka Cement Plc, Reyyaz Salley, has been in talks with the Chief Minister of the Northern Provincial Council, Wigenswaran, regarding recommencing operations at the Kankasanthurai (KKS) cement factory. SLCC is currently in the process of compiling a proposal to restart the factory which is 90 per cent complete. Once the country's ...
Indonesia: cement demand declines Jan-Jul 2015
Slowing property and infrastructure development in southeast Asia’s largest economy caused a drop in cement sales from January to July 2015. Domestic cement sales fell 4.1 per cent to 31.3Mt from the same period last year, according to Indonesia Investments. Apart from the stuttering economy (which slowed to a six-year low in the second quarter of 2015), the month of July also saw the Idul F...
USA: Lehigh Cement silos make way for new riverfront
A group of Lehigh Cement silos on Richmond’s riverfront in Virginia were demolished on Wednesday afternoon. The silos on Wharf Street were being removed to make way for a paved pedestrian and bicycle trail to connect the Commonwealth’s past and present capitals of Jamestown and Richmond over 52 miles. The cement silo demolition is a key milestone in the implementation of the city’s riverfront...
Tanzania: government pledges support
Local producers in Tanzania are being asked by the government to supply them with information on their production costs to make it easier for them to act on their complaints. Domestic cement producers are complaining of an unlevelled playing field due to cheap imports which, they say, were distorting the market. While the government is keen to find solutions for the cement producers including...
Egypt to postpone the issue of new licences
Egypt’s General Authority for Industrial Development announced it will postpone the issuing of licences to establish new cement factories to review the cement market in Egypt, according to a report in the Egypt Independent. The authority was planning to issue between 12-14 licences for cement factories during the current fiscal year. Each factory was to produce 1.5Mta in different governorat...
Moody's raises LafargeHolcim outlook to "stable"
Ratings agency Moody's Monday raised the outlook on the long-term and short-term credit ratings of the merged cement group LafargeHolcim to "stable" from previously "negative". The long-term Baa2 rating and the short-term Prime-2 rating were affirmed. Moody's said the ratings action was prompted by the successful completion of the merger process and the EUR6.5bn the merged company receive...
Pakistan monthly sales ahead despite heavy rains
Pakistan’s domestic cement dispatches increased by 4.19 per cent in July 2015 to 1.8Mt. Exports, however, declined by 7.45 per cent to 465,000t. Total cement dispatches during the first month of the current fiscal year reached 2.26Mt, a slight increase of 1.56 per cent YoY. The increase in domestic sales was achieved despite heavy rains that affected construction activity in many parts ...
Iran nuclear deals may affect cement exports from Pakistan
Pakistan exporters and brokerage houses have shown mixed reactions on Iran's nuclear deal with major world powers, with some expecting Pakistan’s cement exports to decline after the lifting of sanctions on Iran. “I think the drop in Pakistani cement exports may range between 10 and 15 per cent after December 2015,” an official of a leading cement maker told local media. An analyst at KASB ...
Conch reportedly planning Russian investment
Anhui Conch Cement Co of China is planning to build a 2Mta a cement plant in the Ulyanovsk region of Russia, local press report. The estimated investment in the project is US$300m, according to Esmerk Russian News.
Zambian prices expected to come down
Cement prices in Zambia are expected to drop further with new capacity investments being lined up, according to the country's Commerce, Trade and Industry Permanent Secretary, Siazongo Siakalenge. Mr Siakalenge said two Chinese investors, namely, Jidong Development Group and Sino Construction Limited, had expressed interest in setting up two cement plants in Lusaka and Ndola, respectively. ...