Cement News tagged: International
Indonesia, Taiwan and Malaysia top Vietnam's eight month export table
Indonesia, Taiwan and Malaysia were the largest importers of Vietnamese clinker and cement in the first eight months of this year, latest data from Vietnam’s Ministry of Industry and Trade shows. During the period, Indonesia imported 1.56Mt of clinker and cement worth US$73m from Vietnam, while Taiwan acquired 933,128t worth US$40m and Malaysia purchased 904,117t worth US$44m. Next in lin...
Berenberg upgrades Italcementi
Analysts at Berenberg bank have upgraded its recommendation on Italian cement major Italcement's stock to 'buy' from 'sell' with a target price of EUR6.30. Berenberg said the planned merger between Holcim and Lafarge "remains the dominant theme for the sector". They said Italcementi's asset portfolio favours the company as the cement sector faces significant consolidation.
JSW to make switch to Portland Slag Cement, India
JSW Cement Ltd will be completely switching over to the production of Portland Slag Cement (PSC), its CEO, Anil Kumar Pillai, has revealed. Speaking to local reporters, Pillai said slag cement was “ideally” suited to both infrastructure and housing constructions “We have 6Mta of cement production capacity and will be producing only this variety of cement,” he added. The price for the product...
SON begins implementation of cement standardisation
The Standards Organisation of Nigeria (SON) has begun the implementation of its new cement standardisation and reclassification scheme. During a zonal stakeholders’ forum on blocks and allied products in the southwest, hosted by the SON in Lagos on Tuesday, the organisation launched a new packaging and labelling model for cement grades 32.5, 42.5 and 52.5. The packaging for the three dif...
Spanish watchdog initiates preliminary inspection
The Spanish competition watchdog Comisión Nacional de los Mercados y de la Competencia (CNMC) has carried out inspections at the headquarters of companies that produce cement, concrete and their derivatives. The preliminary inspections were carried out over 16-18 September 2014 for alleged anti-competitive practices. Should suspicions be confirmed, the regulator will open disciplinary proceed...
Maple Leaf wins 'Best Corporate Report' award
Maple Leaf Cement Factory Limited was declared the overall winner at the 13th Best Corporate and Sustainability Report (BCSR) Awards hosted by The Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). ICAP President, Yacoob Suttar, said corporate reporting has an important role to play in building trust with the stakeho...
PCA: ASTM International releases new product category rules for several cements
ASTM International has released the final product category rules (PCR) for Portland, blended hydraulic, masonry, mortar and plastic stucco cements. The PCA notes that the development of PCR for the cement industry elevates the visibility and adoption of cement's sustainable benefits. "Product category rules are the basis for environmental product declarations (EPDs), which provide quantified ...
Leocem makes donation to help fight against Ebola in Sierra Leone
Cement producer Leocem has donated EUR50,000 (US$64,500) to UNICEF as part of their contribution in the fight against the Ebola outbreak in Sierra Leone. Arne Johansen, managing director of Leocem handed over the cheque to UNICEF Deputy Representative, Gopal Sharma at the UNICEF Country Office in Freetown. The first case of Ebola was reported in Sierra Leone in May this year in Kailahun Distr...
Cameroon to suspend cement imports
Cameroon has decided to suspend imports of cement, local press report quoting a presidential directive to the Prime Minister to that effect. The 21 August directive made public by the Ministry of Commerce underlined the government’s concern to protect the local industry and jobs and reassure foreign investors. The move comes a day after the signing of agreements with about 20 companies, as ...
Indonesian firms expect better second-half
Two of Indonesia's top three cement producers are expecting a better financial performance in the second half of this year, on the back of growing demand despite a projected slowdown in the country's economy. Christian Kartawijaya, president director of Indonesia's second-largest producer PT Indocement Tunggal Prakarsa, told reporters at the Investor Summit 2014 that there would likely be m...
PCA: new capacity projections unchanged
Previously announced plans of more than 6Mta of new capacity during 2016-18 remain unchanged, according to the Portland Cement Association’s (PCA’s) latest capacity report. There have been no plant shutdowns since April 2012. However, the re-opening of plants closed during the economic downturn has yet to materialise, the association has said. PCA’s latest projections for cement consumption ...
Elementia plans IPO, Mexico
Mexico's Elementia is exploring the possibility of soon launching an initial public offering (IPO) to expand its cement business and fuel further acquisitions, the company's chief executive officer said on Monday. Senior Elementia executive Eduardo Musalem said in a conference call that the company was looking at issuing stock and that a decision would be made by the beginning of next month. ...
JSW seeks to expand southern Indian presence
JSW Cement, a subsidiary of the JSW Group, is mulling the construction of a 4.3Mta cement plant in the Gulbarga district of Karnataka, reports Business Line (India). The project is being considered with a view to serving other southern markets such as Andhra Pradesh and Telangana, according to SS Sandhu, JSW Cement vice president. Well connected markets like Gujarat and Maharashtra have also...
Ethiopian producer looks to secure electricity supplies
Ethiopia-based producer East Cement SC is seeking to increase its electricity supply as shortages have led it to operate at half of its production capacity. The company, which is headquartered in the Eastern Industry Zone, operates two production lines for the production of Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). Wei Watao, deputy general manager of the East ...
Saudi Arabia: Southern Cement's third line is 70% completed
Southern Province Cement Co has completed 70 per cent of the third line of its Tihama plant, according to the Tadawul website. Project delays have been caused by the difficulties the contractor to obtain the necessary working visas required, but the project is now expected to be complete on 30 March 2015.
India: new Karnataka plant for JSW Cement
JSW Cement Ltd is considering setting up a 4.3Mta cement plant in Gulbarga, Karnataka. The company's ownership of land in the limestone-rich region is quoted as one of the key advantages in building a new plant in Karnataka, according to SS Sandhu, associate vice-president of JSW Cement. A further advantage relates to Gulbarga's ideal location to supply the Maharashtra and Gujarat cement marke...