Cement News tagged: International
HeidelbergCement completes first move in central Indian expansion project
HeidelbergCement India Ltd (HCL) has completed the first step towards raising its capacity in central India by increasing grinding capacity at its Jhansi grinding works in Uttar Pradesh. The plant's capacity has been expanded from 0.8Mta to 2.7Mta, raising HCL’s total cement volumes in the country to 5Mta. “This is the first move towards our expansion plans in central India. We expect cemen...
Vicat eyes further growth in India
Following the announcement yesterday by Vicat that its new joint-venture project Sagar has started commercial production, local press have speculated that the France-based major is scouting for further growth opportunities in India. Citing a company official, the Economic Times of India reported that Vicat is looking for more organic and inorganic growth in the country. The company already...
Paraguay’s INC records rise in 2H12 cement sales
Paraguay’s Industria Nacional de Cemento (INC) posted a 56 per cent jump in second half 2012 sales compared to the first half of the year. The company sold 6,337,786 bags of cement in the second half of 2012 compared to 4,051,637 bags sold in the first six months. As a result, the company accumulated revenues of PYG262,823m (US$62.7m) in the final semester of the year, a marked improvemen...
Peru’s cement shipments increase 15% in 2012
Cement deliveries in the Peruvian market reached 9,571,920t in 2012, a 15.4 per cent rise when compared with 2011, according to cement manufacturers’ association Asocem. Exports more than doubled from 67,512t to 200,485t despite a buoyant domestic market. As a result, total cement dispatches expanded by 16.9 per cent to 9,772,404t from the previous year’s 8,361,633t. Senior analyst at t...
Oil prices stable, coal falling says BoAML energy forecast
In the second half of 2012 oil prices carried out a successful balancing act between maintaining supply and avoiding to destabilise the global economic recovery. The US fiscal cliff, Europe’s sovereign and banking crisis as well as China’s potential hard-landing have prevented any real direction from the market in 2H12. Bank of America Merrill Lynch (BoAML) sees it likely that oil prices will...
Pakistan exports to India slow
Exports of cement over the northeast border of Pakistan to western India have slowed over the past week due to border tension between Islamabad and New Delhi. It has been alleged that trucks carrying cement are being examined carefully and slowly, which has partially affected deliveries, the All Pakistan Cement Manufacturers Association has said. The issue is exacerbating the conce...
New Sofala plants to start operating in 2013, Mozambique
Two cement factories being constructed in the Sofala province of Mozambique are set to start operating by the end of this year. The cement plants are being built in the cities of Beira and Dondo, Jose Ferreira, provincial director for Industry and Trade tol local radio station, Radio Mocambique. Work is also underway to build a new kiln line at the Dondo works which is owned by Portuguese c...
Government to lobby Caricom for reduction in import duties
The government of Trinidad and Tobago says it plans to lobby the Caribbean Community (CARICOM) grouping for a reduction in import duties following Trinidad Cement Ltd’s (TCL) recently-announced 9.5 per cent price hike. Trade Minister Vasant Bharath, has held talks with the company on whether the hike was based on increased costs of inputs, or due to inefficiencies. In news reports by local m...
Argentina’s 2012 cement shipments fall 7.8% YoY
Total shipments (domestic and exports) from Argentine cement producers fell 7.8 per cent YoY, according to the latest update from the Asociacion de Fabricantes de Cemento Portland (AFCP). For the 12 months to December 2012, total shipments reached 10.69Mt compared to 11.6Mt achieved in 2011. Sales to the domestic market were down by 8.16 per cent last year to 10.46Mt, compared to 11.39Mt ...
INC suspends clinker production but assures supply continues, Paraguay
Paraguay’s Industria Nacional de Cemento (INC) announced it will suspend clinker production for 45 days but assured the market it will not reduce supply during the programmed stop. The shutdown of the clinker line is necessary to change refractories and carry out maintenance on the precalciner as well as repair the roofs in the third and fourth stage of the cyclones. Meanwhile, proper...
Sinoma awarded contract for new Indonesian line
Sinoma International Engineering and Indonesian producer PT Cemindo Gemilang have entered into an operation contract for a new clinker line at cement plant in Banten Province, Indonesia. Under the contract worth US$350.1m, Sinoma International will provide a supply chain of a cement plant manufacturing sections and services to PT Cemindo Gemilang for its Bayah cement plant, at the centre of...
Brazil's domestic dispatches rise 6.9% YoY
Preliminary data and market estimates indicate that in 2012, total sales by Brazilian producers to the local market reached 68.3Mta, representing an increase of 6.9 per cent over 2011 (63.9Mt), latest figures from Sindicato Nacional da Indústria do Cimento (SNIC) show. Imports for the year, according to data obtained from the SECEX / MDIC, totaled 977,000t, down 10.4 per cent on 2011 fig...
Clinker dispatches resume from Chittagong port, Bangladesh
The dispatches of imported raw materials for the cement industry from Chittagong Port of Bangladesh to cement plants resumed on 12 January after the Bangladesh River Transport Workers’ Federation (BRTWF) had called off their strike. Chittagong Port Authority said the clinker unloading activities at Chittagong Port and 16 private jetties of Karnaphuli River resumed on Saturday. According to...
Call for higher tax on Irish cement sector windfall profits
The Irish cement industry is getting tens of millions of euro annually in windfall profits due to anomalies in the EU Emissions Trading Systems (ETS), according to the chief of an Irish producer. Donal O’Riain, CEO and founder of Ecocem, told the Irish Times that the the anomaly occurred because the domestic cement sector had lost 75 per cent of its demand since the peak years, yet the...
US shipments rise 10% from Jan-October 2012
Total shipments of Portland and blended cement in the United States and Puerto Rico for October 2012 were about 8.1Mt, almost 10 per cent greater than shipments in October 2011. Shipments for the year through October were 67.6Mt, up by about 10 per cent, latest data from the US Geological Survey (USGS) shows The leading producing States in October were Texas, Missouri, California, Michigan...
UBS lifts China Resources Cement
UBS lifted its target price for China Resources Cement (01313) to HK$5.5 from HK$5.05, but downgraded the stock to "neutral" from "buy". It said CR Cement's share price has risen 51 per cent since its September 2012 low due to an increase in cement prices in its main markets of Guangdong and Guangxi. UBS believes the strong performance has factored in a potential improvement in margin. UBS n...