Cement News tagged: International
Vietnam Feb cement output rises 35.3% YoY
Vietnam produced 3.8Mt of cement in February, down 9.5 per cent from January but an increase of 35.3 per cent YoY, according to the latest data from the government’s General Statistics Office (GSO). In the first two months of 2014, the cement output rose by 6.7 per cent YoY to 8Mt, the office said in a monthly report. The office also revised down the country’s cement output in January to ...
Philippine producers scale back prices
Philippine cement producer have reduced cement prices by an average of PHP3/40kg bag after the an industry-wide planned increase could not be supported due to stiff competition, and following the issue of a show cause order from the Department of Trade and Industry (DTI) for unwarranted price hikes. DTI Undersecretary Victorio Mario A Dimagiba told reporters the price reduction was impleme...
Honduras cement prices up for discussion
The Honduras Ministry of Industry and Commerce, the Commission for the Defense and Promotion of Competition and the country’s cement companies will meet Thursday to discuss changes to the price of cement. At present the price of a bag of cement is frozen at HNL160 (US$8.21). A decision is expected by 10 February as the following day the resolution holding the price at HNL160 expires. "We wi...
Limak plans two new Turkish plants
Turkish cement producer Limak Group plans to construct two new plants as part of its ongoing expansion plans, with investments amounting to EUR117.5m. The company is also planning investments further afield with two projects earmarked in Africa. Gideon Aksüyek, CEO of Limak Cement Group, told local press that a 5000tpd plant will be constructed in Ankara, while another 5000tpd cement will be...
CIMAF to construct new Ghana cement facility
The government of Ghana has signed an agreement with CIMAF of Morocco for the construction of a 1Mta cement facility. According to the terms of the agreement signed on Monday, 3 March 2014, the new plant is to be located close to the city of Tema, local media reported. The agreement was signed by Mawuena Trebarh on behalf of Ghana’s Minister of Trade, Haruna Iddrisu as well as Saad Sefrio...
Vietnam Jan-Feb sales rise 6.7% YoY
Vietnam sold 8.4Mt of cement in the first two months of this year, up 6.7 per cent from a year earlier, the Ministry of Construction said. Of the total, 5.3Mt of cement was sold in the domestic market while about 3.1Mt of cement and clinker was exported. At present, the local cement industry has around 2.6Mt of inventory, mainly clinker. Vietnam’s cement sales are predicted to rise ...
Cemex upbeat on Philippine market outlook
Cemex Philippines remains optimistic that growth in the domestic cement sector will continue to grow this year on the back of the robust construction industry and high government spending. “We expect the growth to continue this year,” Paul Arcenas, Cemex Philippines vice president for strategic planning told the Sun.Star newspaper yesterday. To meet expected rises in demand, the company is a...
MPA: going from strength to strength
This week marks the fifth anniversary of the Mineral Products Association (MPA), created in March 2009 by the merger of the Quarry Products Association, the British Cement Association and The Concrete Centre. MPA’s membership has grown from 266 to 482, a success it attributes to to continuously attracting new members, coupled with the affiliations and other close working relationships it ha...
India: Reliance Cement gets Himachal Pradesh plant go-ahead
Reliance Cement has received approval from the Himachal Pradesh State Level Window Clearance and Monitoring Authority to set up a new cement plant in the northern Indian state. The project is to be set up in the Chopal area of Shimla district.
Henan Tongli profit declines, China
Henan Tongli Cement Co Ltd earned a net profit of CNY66.38m (US$10.83m) in 2013, a YoY decline of 59.58 per cent, China Business Newswire reported. Meanwhile, operating revenue decreased 2.89 per cent YoY to CNY4bn. The company attributed the downward trend in profit to low production capacity and a decrease in product price.
TCL sees strong rise in 2013 earnings
For the year 2013, Trinidad Cement Ltd Group recorded a notable improvement in its financial performance with EBITDA increasing by TTD268.9m, or 174 per cent, to TTD423.4m (US$66.3m). This reflects a margin of 21.8 per cent compared with the previous year margin of 9.6 per cent, the company’s results stated. Domestic cement sales volumes increased by 13 per cent, largely driven by advances...
Steppe Cement completes commissioning of Line 5
Steppe Cement Ltd announced that its wholly-owned subsidiary, Karcement JSC, has successfully completed the commissioning of the new dry-process Line 5 in Kazakhstan. The new kiln line is expected to increase Steppe Cement Group's cement production capacity by an additional 1.2Mta. "In view of the successful completion, Steppe Cement Group, its board of directors and management wish to co...
India sees rise in average nationwide price
Cement prices in India increased throughout the country with the exception of the south due to high inventories in the region. On the other hand, prices in the north saw the highest increases due to supply constraints. A report by Money Control (India) stated that the national price was INR304/bag in February compared to INR294/bag the month before. The February increment is the second cons...
Lafarge plans additional Nigerian spend
Lafarge Cement Wapco Plc has revealed plans to invest an additional NGN1bn (US$1.37bn) in the next 3-4 years inline with the company's target of doubling capacity in Nigeria. The company plans to lift its capacity from 8Mta to 16Mta, Guillaume Roux, Country Chief Executive Officer of Nigeria and Benin Republic, told local media. The proposed investment will enable Lafarge complete the expan...
Cimpor achieves record cement sales and profits
On a comparative basis, turnover at Cimpor increased by 25.5 per cent last year to EUR2624.5m and the EBITDA rose by 45.5 per cent to EUR691.8m. The trading profit emerged at EUR487m compared with a loss of EUR7.2m in the previous year on an integrated basis, or a EUR305.8m proforma profit on a restated basis, or a 59.3 per cent increase. The net financial charge, on an integrated basis, ro...
Dangote eyes 3Mta Kenyan plant construction
Alhaji Aliko Dangote, president of the Dangote Group, has said his conglomerate is planning to build a greenfield cement plant in Kenya. Dangote made the disclosure during the visit of the Kenyan deputy prime minister, William Ruto, to Dangote Cement Obajana plant in Kogi State, Nigeria, on Friday. The pending plant is slated to have a capacity of 3Mta. The Kenyan deputy prime minister said ...