Cement News tagged: International
Birla Corp to establish new plant in Madhya Pradesh, India
Birla Corp Ltd is planning to set up a new 2Mta cement plant in Madhya Pradesh, India. A source told local press that the company will spend INR25bn over the next three years to set up the new unit. The company will fund majority of the capital expenditure through internal accruals, the source added. Birla Corp currently has cement operations in Satna, Madhya Pradesh, Rae Bareli in U...
Tokyo Cement to set up new unit, Sri Lanka
Tokyo Cement is in talks to set up a new US$50m facility under the name of Tokyo Eastern Cement Company as part of the Sri Lanka-based cement producer’s expansion strategy to meet anticipated rises in demand. “We are currently in the process of finalising a 33-year lease agreement with the government for the land, to construct the factory,” SR Gnanam, managing director of Tokyo Cement said. ...
Cimpor to boost grinding capacity in Mozambique
Cimpor plans to increase its grinding capacity in Mozambique by 220,000tpa through its local subsidiary Cimentos de Moçambique. In the statement published by Portuguese regulator CMVM, the group said that the increased milling capacity was a result of a rental contract on a mill located near the Matola plant. The contract, which is now in operation, alongside increased production capacity wi...
Uruguay to export 0.6Mt to Argentina
Uruguay’s ANCAP will be exporting 0.6Mt of Portland cement to Argentina and Paraguay, thanks to the expansion of its Paysandú works. The exports are scheduled to take place once the Paysandú capacity expansion is completed in 2016. The capacity project will see output at the works double after a two-stage programme is implemented. The first phase will see a fuel conversion to petcoke whi...
Alkitan plans Basra cement plant, Iraq
Pakistan-based company Alkitan has expressed interest to construct a new cement plant in Iraq, the Basra Investment Commission announced. Shakir Ali, general director of Alkitan, said the company is interest in establishing cement factories in the Middle East and have chosen the province of Basra, Iraq, due to the abundant natural resources and investment opportunities. Ali added: “Our compan...
Ecuador enjoys 13% YoY increase in 1H13 sales
Ecuador’s cement producers delivered 523,525t of cement to the domestic market in June, representing a 6.4 per cent YoY rise and a 4.2 per cent MoM increase. In May cement sales reached 553,278t. According to data from local cement association Inecyc, the Jan-Jun 2013 period, total sales increased by 12.7 per cent to 3,107,306t from 2,779,812t in the equivalent period of 2012.
Jordanian producers strive to increase competitiveness
Overcapacity in the Jordanian cement market is forcing local firms to increase competitiveness amid a challenging operating environment, according to the general manager of Jordan's most recent market entrant. Speaking to the Jordan Times, Basem Zabian of Northern Cement Co, said that cement capacity currently stands at about 10.5Mta while cement consumption is 3.7Mt. and is expected to rise...
Cementos Progreso begins building San Gabriel works
Cementos Progreso started construction on its new plant in San Juan Sacatepéquez, 30km of the capital, in northeastern Guatemala. It is expected that construction of the 2.2Mta plant will take three years and is scheduled to come online in 2017. The project includes reforestation programmes. On a 836ha site, the plant covers an area of 64ha with the remainder left as green belt. Moreover, ...
Indocement to raise prices, Indonesia
PT Indocement Tunggal Prakarsa is planning to raise its cement prices in an effort to help offset an increase in subsidised fuel prices. Indocement’s director, Kuky Permana, told local press that increases have not yet been published as the company is still currently working out new prices. The company’s OPC currently sells at IDR54,000/40kg bag (US$5.3) and IDR64,000/50kg bag. The Indone...
Bolivia: Fancesa increases output 18%
Bolivia’s Fábrica Nacional de Cemento SA (Fancesa) increased its production by 18 per cent, delivering an extra 11,000 bags of cement to the market. "We were with 51,000 bags of cement and 62,000 dispatched now, our projection is to reach 72,000 bags of cement per day" said Fancesa director, Luis Ayllon. In Santa Cruz, Fancesa’s main market, daily deliveries increased from 26,000 to 34,0...
Ahangarancement increases 1H13 output and shipments, Uzbekistan
Ahangarancement, part of the Eurocement Group of Russia, produced 565,200t of clinker and 739,500t of cement in the first half of 2013, representing a YoY rise of 12.8 per cent and 1.4 per cent. Shipments increased by 3.8 per cent YoY to 754,664t. The company said that Portland slag cement and OPC cement sales are the highest among its consumers, representing 66.4 per cent of shipments. Ah...
Votorantim to sell Shree Digvijay stake to meet SEBI norm, India
Shree Digvijay Cement on Thursday said Votorantim Cimentos will dilute a 0.27 per cent stake in the company to meet the minimum public shareholding norm. “The promoter/promoter group intends to sell 0.27 per cent shareholding in the company amounting to 3,82,474 equity shares of the company on the floor of BSE,” the Gujarat-based cement maker said in a Bombay stock exchange filing. S...
HeidelbergCement India to raise capacity further by 2017
HeidelbergCement India plans to more than double cement capacity by 2017 by adding some 9Mta of new volumes. The Indian arm of the German cement major has a capacity of 6Mta following the expansion of its clinker and cement grinding plants in Central India earlier this year in Madhya Pradesh and Uttar Pradesh. With the expansion of the plants, the company's cement production capacity in Ind...
Brazil’s first half-sales edge ahead
Brazilian cement sales in the first half of 2013 rose 1.6 per cent to 33.6Mt, latest data from local association Sindicato Nacional da Indústria do Cimento shows. In June 2013, sales reached 5.5Mt, representing a rise of three per cent compared to the same month of last year. Cumulative sales for the 12 months between July 2012 and June 2013 reached 68.9Mt, representing a growth of 3.2 per c...
Cementos Lemona starts exports to UK
Spain’s Cementos Lemona has initiated exporting cement to the UK. The first shipment of 13,000t of cement will be delivered to Southern Cement, also owned by Lemona’s parent company, CRH. As part of an asset swap undertaken earlier this year, Cementos Portland Valderrivas (CPV) transferred its 99 per cent stake in Cementos Lemona SA to CRH. In addition to the Cementos Lemona assets, which h...
PT Semen Indonesia downgraded
Bahana Securities downgraded cement maker PT Semen Indonesia to "hold" from "buy", saying the slowdown in the property market and higher cost of goods sold (COGS) translated to limited share price upside. "Although we believe SMGR will continue benefiting from growing domestic cement volumes, slowdown in property market due to financing constraints may potentially lower volume growth target,...