Cement News tagged: International
Cimpor sales rise 6% in 2014
Cimpor’s turnover eased by 0.8 per cent in 2014 to EUR2603.7m while the EBITDA declined by 6.7 per cent to EUR645.6m. The trading profit emerged 7.9 per cent lower at EUR448.8 and the net financial charge declined by 8.8 per cent to EUR371.4m, giving a pre-tax profit 3.5 per cent lower at EUR77.3m and at the net attributable level there was a swing from a loss of EUR19.4m to a profit of EUR27...
Pakistan sales seen rising 8% in FY15 on higher domestic demand
Pakistan cement sales are expected to rise by six per cent in the first eight months of the current fiscal, The Express Tribune reported citing provisional data compiled by Topline Securities. However, monthly cement sales are expected to decline three per cent in February to 2.8Mt compared to the month before due to the fewer number of days. However, on an annual basis the figure would tran...
Shree commissions cement mill at Chhattisgarh, India
Shree Cement has commissioned a 2.6Mta cement mill at Baloda Bazar near Raipur in Chhattisgarh, India, on 24 February 2015, the company informed the Bombay Stock Exchange. Shree Cement’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5Mta.
Northern Cement Jordan to install new line
Saudi Arabia's Northern Cement Co said Thursday that Jordan-based Northern Cement-Jordan, in which it holds 99.35 per cent, has decided to install an additional clinker production line. In preparation for the expansion project, the company will carry out feasibility and environmental studies, the Saudi firm said, without disclosing any financial details. Northern Cement Co booked a net pr...
Russian demand expected to fall 15% YoY
Russian cement demand is expected to decline by 15 per cent this year on the back of a reduction in housing and infrastructure development, according to forecasts by CMPRO. A recent note by the research house states that sales have dropped by at least five per cent since the start of 2015. The slow decline may continue for several years, it added. Lafarge expects that the strongest drop, b...
Indonesian demand forecasts
Indonesian cement market growth could reach 10 per cent this year driven largely by government infrastructure projects, according to forecasts by the country’s Ministry of Industry. Toeti Rahajoe, the ministry's director of downstream chemical industry, yesterday said that growth will also be driven by project development of the private sector. However, Widodo Santoso, chairman of the Indone...
Bolivia increases cement supply
As the Bolivian cement market surged 24 per cent YoY in 2H14, the domestic cement industry was able to increase output by 15 per cent. However, much has changed as the sector invested in new plants and pushed up production to improve the supply-demand balance. Corporación Boliviana del Cemento (Coboce) now produces around 70,000 bags per day to supply its markets of Santa Cruz, Cochabamba, ...
Pacasmayo expects 5% sales rise in 2015
Peru’s Cementos Pacasmayo is positive about the year ahead as it expects sales to rise by five per cent. The company’s general manager, Humberto Nadal del Carpio, attributes the increase to the development of several construction projects in the Latin American country. In the north of the country, the Talara refinery, the northern highway and regional projects are predicted to require around...
KORFEZ awarded Italcementi project in France
KORFEZ ENG has signed a contract with Italcementi Group for the supply of a new second compartment mill shell lining for one of the cement producer’s plants in France. This system is intended for a 3.80m diameter two-compartment raw mill. A total grinding compartment of 7250mm will be equipped with a combination of lifter and sorting liners. The order is supplemented with a free mill inspec...
Swire Bulk Logistics enters partnership with Golden Bay
Swire Bulk Logistics, the industrial shipping division of The China Navigation Company (CNCo), has entered into a long term partnership with New Zealand’s Golden Bay Cement (GBC), a trading division of Fletcher Building Ltd, to build, own and operate a dedicated, self-discharging cement carrier. The 9000dwt vessel, named Aotearoa Chief, to be built at China’s Jinling shipyard, is specifically...
US natural gas price to soften before recovery in 2016
As the US faces ample natural gas inventories and high production, US gas prices are expected to further soften this year. “We introduce an end of 2Q15 target of US$2.25/mBtu and lower our 2015 US nat gas price forecast to US$2.85, from US$3.90 prior,” say analysts at BofA Merrill Lynch Global Research. High production, especially in the US northeast where new pipeline capacity has come onli...
Cementir shareholders approve capital hike
The shareholders of Cementir Holding SpA announced on Monday that the company's Board of Directors will be able to raise the company's capital by up to EUR300m within five years, according to a statement released yesterday. The Italian cement major said in January it would ask its shareholders to approve an increase of up to EUR300m, including share premium, in one or more tranches. Via t...
Deuna Zement signs agreement on Duen quarry
Contrary to the original plans, Germany-based producer Deuna Zement will now not quarry limestone from the 100m-wide strip of woods in Duen. This compromise and further concessions were laid down in a comprehensive seven-point agreement between Deuna Zement GmbH and Duenwald town authorities. In addition, the open-pit operator has agreed to establish a modern, gentler blasting methods to rel...
Indian producers roll back prices
Indian cement producers have rolled back cement price increases announced in January due to a weaker than expected cement demand off-take. "The dispatch scenario is very gloomy. The January-March quarter is generally a good quarter, but not this time. Pricing is weak, specifically in north India," said Prashant Bangur, whole-time director of Shree Cement Ltd told local press. Cement man...
DG Khan eyes new Pakistan plant construction
DG Khan plans to build a US$300m near Karachi as economic growth boosts cement demand in Pakistan. “There will be a shortage domestically in three years if there is 10 per cent growth in demand each year,” Inayat Ullah Niazi, CEO of DG Khan, told Bloomberg in an interview. The new plant near Hub, a city west of Karachi will produce about 2-2.5Mta of cement, Niazi said. Construction is s...
Tunisia: Carthage Cement cuts cement price
In the past few days, Carthage Cement has lowered the price of cement by TND6/t for bagged cement and TND10/t for bulk. For instance, a bag of OPC will now cost TND141,640/t while its bulk equivalent will cost 122,500/t. The step comes as the Tunisian government is gradually removing its subsidies in the energy sector. Mostafa Hamrouni, president of the national Chamber of Cement Manufactur...