Cement News tagged: International
VNCA expects 4% rise in 2015 sales
Vietnam's Ministry of Construction expects a four per cent YoY rise in cement and clinker sales in 2015 to 74Mt, comprising 53Mt of domestic sales and exports of 20Mt. Latest figures released by the Vietnam National Cement Association (VNCA) show that in the four months leading up to May domestic cement sales jumped three per cent YoY to 15.89Mt. For the month of April alone the VNCA sta...
Qalaa Holdings topline growth boosted by ASEC Cement's Sudan subsidiary
Qalaa Holding reported a 43 per cent rise in revenue for the three months to the end of March 2015 to EGP1947.5m and an eight-fold surge in EBITDA growth to EGP275.8m. The company said topline growth was driven mainly by operational improvements at subsidiary ASEC Cement’s Al-Takamol works in Sudan, which recorded revenue growth of 157 per cent or an EGP131.7m increase over 1Q14. Furthermor...
Vicem monthly dispatches advance 10% YoY
State-owned Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, said its cement and clinker sales in May advanced 10 per cent YoY to 2.01Mt. Of the total, 1.84Mt of cement and clinker were sold in domestic market while 162,000t were exported. In the first five months, Vicem’s cement and clinker sales dipped 1.4 per cent on-year to 9.08Mt. Of the total, 8.02M...
Cement sales in Cyprus fall over first five months
Cement sales in Cyprus fell 10 per cent from January to May compared to the same period a year ago to 170,684t, Cystat, the country’s statistical service, said. In May alone, there was a two per cent drop to 38,053t compared to the same month last year, Cystat said in a statement on its website. Cyprus’ prolonged economic recession has led to continuous declines in domestic cement demand sin...
Semen Indonesia May sales down
Indonesia's largest cement maker, PT Semen Indonesia Tbk, said its sales in May were down 13.9 per cent from the last year at 1.98Mt, Indonesia Finance Today reported, quoting the firm's investor relations officer Anto Brilianto. The cement producer sold 9.91Mt of cement in the first five months of 2015, down 5.3 per cent from 10.47Mt during the same period last year.
Lafarge Cement Zimbabwe secures additional funding for plant upgrades
Lafarge Cement Zimbabwe has secured approval from its parent company, Lafarge Group, to invest an additional $5m on plant upgrades this year. The cement maker last year announced plans to invest about $10m-$15m on upgrading grinding capabilities. According to the company, the plant upgrades will push its volumes from 0.39Mta to 0.5Mta. Speaking to local press at the sidelines of the company...
Ghana cement producers' association formed
Local cement producers in Ghana have come together to form a new association to protect and accelerate the development of the domestic industry, and promote the interests of its members through collaborative efforts. A Memorandum of Understanding (MoU) dated 12 May 2015 named the founding companies of the Ghana Cement Manufacturers Association (GCMA) as GHACEM Ltd, Diamond Cement Ghana Ltd a...
Tunisian cement demand falls 6.5% in 4M15
In the first four months of 2015, the Tunisian cement marked contracted by 6.5 per cent YoY to 2.4Mt, according to the latest data revealed by Taoufik Khardani, deputy director of building materials industries at the country’s Ministry of Industry. However, exports were up by 28 per cent from 461,000t to 590,000t. Tunisia’s cement producers manufactured 2.98Mt of cement, down 5.6 per cent on...
Zuari Cement plans to increase Indian presence
Zuari Cement, part of the Italcementi Group, is looking to increase its presence in India ahead of an anticipated increase in domestic consumption. The company has plans to add another 1Mta to its current capacity of 6Mta by the end of the year. Speaking to Cnbc-TV18, Nabil Francis, MD-India, Zuari Cements said: “We have established a new site in Sholapur, so at the end of this year we wil...
Norm Sement plans to begin oil well cement production in 2016
Azerbaijan-based producer Norm Sement plans to start producing oil well cement from 2016 to reduce reliance on imports, Hasan Yalcinkaya, CEO of the company, said at a briefing yesterday. Yalcinkaya said the company is also preparing to export its products to the Caspian Sea countries. “Currently, we are considering the opportunities for exporting our products to Russia’s south regions, as we...
CRH reportedly to take part in preliminary bidding for South Korean producer
CRH announced it will take part in the preliminary bidding for Tongyang Cement scheduled on the 12 June after selecting Goldman Sachs as an underwriter, according to local press reports citing investment bank sources. Tongyang Cement was put on the market in early April after its parent group was liquidated. The 74.1-per cent stake held by Tongyang Corp. and Tongyang International is estima...
Taiheiyo Cement's Singapore additions
Taiheiyo Cement, which operates a cement terminal in Singapore through Singapore Cement Manufacturing (SCMC), a joint venture with Singapore-based Hong Leong Asia Ltd, announced the completion of a new 24,000t cement silo at SCMC's cement terminal. Infrastructure investment, including subway and highway construction, is driving the robust cement market in Singapore and fueling demand for lo...
Mechel signs memorandum with Jidong Cement
Russian mining and metals company Mechel ОАО signed a coal supply memorandum with Chinese cement producer Jidong Cement. According to the signed memorandum, Mechel is due to supply 1Mt of steam coal produced at Neryungrinsky and Elga open pits to Jidong Cement between April 2015 and March 2016. The price and exact volume of the supplies will be determined on a monthly basis. The sides also ...
Spanish regulator expands cartel probe
Spanish competition watchdog, CNMC, has expanded its probe into concrete and cement producers on alleged cartel agreements. The regulator carried out inspections at the headquarters of concrete and cement makers on 27 and 28 May as part of the probe on 14 sector players, the CNMC said in a statement. The regulator said it has 18 months to decide whether it will impose a fine on the compani...
Slovenia: Lafarge to appeal Environment Agency decision
LafargeCement plans to appeal the decision by Slovenia's Environment Agency which rejected its request for an integrated pollution prevention and control permit for its plant close to Trbovlje. The company said Tuesday its request was rejected on a formality and that it had had supplemented its filing with all requisite documents, including the project documentation and an environmental ...
Pakistan increases duty on imported cement
Pakistan's Finance Minister, Ishaq Dar, has proposed a number of measures under Budget FY15-16 that will have a direct and indirect impact on the cement industry and which are likely to help increase demand in the country. The proposals include an increase in the duty on imported cement, rationalisation of the tax structure for the cement industry and housing development, a significant rise...