Cement News tagged: International
Lafarge Zambia: sufficient stocks to cater for demand
With Zambia readying itself to co-host the United Nations World Tourism Organisation (UNWTO) General Assembly later this year, the official distributor of Lafarge Zambia’s products has said the cement producer has adequate stocks to meet demand. The city of Livingstone is currently undertaking a number of projects such as construction of the town centre market, international bus terminus, new...
Taiwan Cement operating at full rate, China
Taiwan Cement Corp (TCC) is operating at full utilisation rates in China due to increased demand, the company has said. TCC said that workers have returned to construction sites across the country following the Lunar Year holiday and projects are expected to gather speed, stated reports in the Liberty Times. A recent product price recovery also shows a tighter supply of cement in China,...
Indocement nears completion of feasibility study for two plants
PT Indocement Tunggal Prakarsa, Indonesia’s second-largest cement producer, has said it is in the final stages of a feasibility study to build two new plants. Company president, Daniel Lavelle, told ANTARA news agency that the two factories would have cement capacities of 2.5Mta each, one of which would be located in Central Java and the other outside. Mr Lavelle said that the expansion proj...
Brazil February cement sales edge ahead
Cement sales in the Brazilian cement market in February 2013 reached 5.1Mt, up 2.2 per cent on the same month of last year, according to data released by Sindicato Nacional da Indústria do Cimento. For the first two months of 2013, sales were 10.6Mt an increase of 1.8 per cent YoY. In 2012, domestic sales reached 68.3Mta, an increase of 6.9 per cent over 2011 (63.9Mt).
COMPAT hearing set to resume, India
The Competition Appellate Tribunal (COMPAT) hearing is to resume today over petitions filed by cement companies over the INR63.07bn (US$1.1bn) penalty imposed by the Competition Commission of India (CC) on grounds of price collusion. The Press Trust of India reported that a COMPAT bench headed by it Chairman, Justice V S Sirpurkar would start its hearing on March 13 adjourned on 4 March. C...
Lafarge executive visits Pakistan operations
Lafarge's executive vice president of Energy and Strategic Sourcing, Peter James Hoddinott, has visited the group's operations in Pakistan to review its latest sustainability achievements and explore export potential. During the visit, which took place over 6-8 March 2013, Mr Hoddinott toured the Lafarge Pakistan Cement (LPC) plant which is located at Kalar Kahar, district of Chakwal, Punjab...
HeidelbergCement expands capacity in Ghana
HeidelbergCement is constructing a new cement mill with an annual capacity of 0.8Mta at its grinding plant in the port city of Takoradi. The investment of US$30m also includes the construction of a new clinker and a new cement silo as well as the installation of new cement bag packing and dispatch facilities. In November 2012, HeidelbergCement inaugurated a new 1Mta cement mill at its grind...
Credit Suisse expects improved Indian pricing environment
The Indian cement sector could see an uptick in cement prices in the first quarter of fiscal 2014 with the biggest improvements expected to be in the north, a report on the sector by Credit Suisse has said. "Cement prices may increase in seasonally strong quarters. Demand pick-up in seasonally strong quarters of March and June should drive accretive price increases for the sector," Credit S...
Titan Cement denies headquarter move
Titan Cement has denied reports in the press that it is moving its headquarters from Greece. In response to reports on online and printed media the country's second-largest cement producer said in statement released yesterday that: "it is not within its intentions to move its headquarters from Greece.” Last week, Titan reported that demand for building materials in its troubled domestic mar...
Egypt’s Ministry holds talks with cement industry over price concerns
Egypt’s Ministry of Industry and Foreign Trade has said it will take measures to curb rises in cement prices following meetings held with cement companies, according to local press reports. Hatem Saleh, Minister of Industry and Foreign Trade, has met with representatives from cement manufacturers in Egypt to discuss the reasons behind the recent hikes and to help control the increases, AllAfr...
Vizag Cement inaugurates slag grinding plant, India
The Vizag Cement Works has officially inaugurated its slag grinding unit at the Visakhapatnam Special Economic Zone, a major industrial centre in the state of Andhra Pradesh, India . Vizag Cement was wholly-acquired by ACC Ltd from Encore Cements & Additives Pvt Ltd in January 2010. The acquisition had helped ACC build its presence in Andhra Pradesh and in the coastal parts of Odisha. The...
Unicem to invest US$500m in new line, Nigeria
United Cement Company (UNICEM) has said it plans to spend US$500m on a second line at it cement works in Nigeria and will boost investments going forward amid an increasingly competitive operating environment. Speaking in an interview with local press, executive director, Javier De Benito, said the project for line No 2 at its 2.5Mta Mfamosing works, is still ongoing and the company is curr...
Credit Suisse sees Indian cement sector expanding
Credit Suisse says margins in India's cement sector should expand over the next two years on the back of price increases and improvement in demand, among other factors. Reuters reported that the investment bank assigns new ratings to Indian cement companies after a change in analysts. Credit Suisse rates ACC Ltd "outperform" with target price of INR1545 while assigning "neutral" rating to...
Andhra Pradesh prices rise on new capacity additions, India
Cement prices in the Indian state of Andhra Pradesh have come down by about INR10-15/bag following the introduction of new capacity additions. The Business Standard of India reports that the drop in prices in southeastern state come at a time when other markets are witnessing an increase. Although consumption has been increasing in Andhra Pradesh over the last two/three months, these improvem...
Volskcement to increase investment spend, Russia
Volskcement, part of the Holcim Group, plans to increase investment in 2013 to RUB1.59bn (EUR39.74m), Russian press reported. The plant, which is situated in the Saratov Region allocated RUR829m for development, up 15 per cent from 2011. The Russian cement industry has been flourishing over the last few years, leading to a number of projects including upgrading from wet-process technology to ...
European cement sector: a strategic contributor to Europe's future – report
A study published by the Boston Consulting Group (BCG), commissioned by CEMBUREAU, outlines the competitiveness of the cement industry in Europe and its role in helping the region achieve its goals of developing a sustainable, resource efficient and innovative society. In a statement released yesterday, the European cement association said the report shows that the cement and concrete indu...