Cement News tagged: International
Andhra Pradesh government clears 13 cement project proposals
The government of Andhra Pradesh, India, has approved 25 industrial projects proposals including 13 cement plants. The Andhra Pradesh Chief Minister, N Kiran Kumar Reddy, who chaired the State Investment Promotion Board meeting at the Secretariat, approved these proposals.
PT Semen Gresik plans Myanmar plant, considers Vietnam investment
Indonesian state producer, PT Semen Gresik, is planning to build a cement plant in Myanmar and is also looking to acquire a Vietnamese company, according to chief executive Dwi Soetjipto. "We're studying a plan to set up a JV in Myanmar, with Gresik as the majority owner. The plant capacity may be between 1.5-2Mta," Dwi Soetjipto told reporters after a shareholders' meeting. Mr Soetjipto...
PPC Bostwana wins excellence award
PPC Botswana has scooped the prestigious PMR Diamond Arrow Award with an overall rating of 4.18 out of 5.00, the highest in the Business sector - Cement and Concrete Suppliers in Botswana. The awards are based on research conducted by PMR.africa, and the purpose is to enhance and recognise excellence in the industry. The respondents of the survey comprised of CEOs, MDs, business owners, com...
Udayapur Cement Industry halts production, Nepal
Nepal's largest cement factory Udayapur Cement Industry, has stopped production for past three days due to a lack of coal as well as experiencing other difficulties. Nepal News reported that the company has been hampered by a series of problems involving machinery being out of order and shortages of coal or raw materials. Therefore, it has been forced to halt production frequently. ...
Construction of new plant to begin in 2H12, Mozambique
Construction of a new cement plant in Mozambique’s Tete province is expected to begin in the second half of this year, according to the country’s national director for industry, Sidonio dos Santos. Mr Santos told local daily newspaper Noticias, that the factory would have a cement capacity of 500,000tpa and would be known as ‘Biworld International’. The plant is to be built in the Changara ...
Aditya Birla eyes stake in Jaiprakash cement business
The Aditya Birla group is emerging as the frontrunner to acquire a stake in Jaiprakash Associates Ltd's (JAL) cement business, according to local press reports. "We have emerged as the front-runner. There were not too many serious players, except one multinational company," LiveMint quoted a senior Aditya Birla representative as saying. "The idea is to buy out a part of the stake from JP Asso...
Mixed trends for Pakistan cement exports
During the first 11 months (July 2011-May 2012) of the current fiscal year, Pakistan exported 7.64Mt of cement and earned US$446.85m compared to 8.44Mt at US$414.773m in the corresponding period of last year. This shows that cement expors fell 9.46 per cent in terms of quantity but rose 7.73 per cent in terms of value on a year-on-year basis, according to data released by Pakistan's Federal Bu...
Mongla Cement plans third grinding mill, Bangladesh
Mongla Cement is inviting Expressions of Interest (EOI) to establish a third cement grinding mill. The new mill will have a capacity of 120tph and will be set up at Mongla's cement factory in southern Bangladesh. Mongla Cement is owned by Sena Kalyan Sangstha (a self-financing welfare organisation dedicated to the welfare of ex-armed forces). The group is currently inviting local and for...
Argentina: May shipments decline 11.8% YoY
In May 2012, total Argentine Portland cement shipments (including exports) were 889,209t representing a YoY decline of 11.8 per cent, data from Asociacion de Fabricantes de Cemento (AFCP) showed. However, the May figures were up on a monthly basis by 11.4 per cent compared to April 2012. Domestic cement shipments (including imports) reached 871,478t during May 2012.
Argentinian Court of Appeal rejects cartelisation appeal
Argentina’s Court of Appeal has rejected the appeal made by Loma Negra, Juan Minetti, Cementos Avellaneda, Petroquímica Comodoro Rivadavia and Cemento San Martín, upholding the previous price-fixing ruling and the multi-million peso fines attached. The companies were awarded fines of ARS300m (US$66.5m) as penalty for anti-competitive practices between 1981-99. Loma Negra will be expected ...
Qatrana Cement workers strike on pay dispute
Qatrana Cement Company, a subsidiary of Arabian Cement Co (ARRCO) was forced to halt cement production as employees at the factory held a strike over a pay dispute and closed an access road leading to the works. According to reports in Construction Week, industrial action lasted for eight day after the ministry of labour interceded to negotiate between workers and factory management. Wor...
China output growth rate slows
In the first five months of 2012, China’s cement production increased five per cent to 793.98Mt, the National Development and Research Commission (NDRC) said. However, the growth rate represents a sharp decrease of 14.3 percentage points from the same period last year. In May, cement output increased 4.3 per cent YoY, down from 19.2 per cent recorded last year. Between Jan-April, the ...
BNP Paribas maintains 'deteriorating' outlook on Indian cement sector
BNP Paribas has maintained its ‘deteriorating’ outlook on the Indian cement sector given its weak macroeconomic outlook, high interest rates, continuing oversupply situation, cost inflation and ongoing regulatory overhang. The Economic Times of India reported that cement stocks have been witnessing pressures since the Competition Commission of India (CCI) imposed a penalty of US$1.1bn on ...
UltraTech Cement receives environmental approval for expansion
UltraTech Cement has received environmental clearance for its expansion plans for two of its plants in Madhya Pradesh. The Environment Ministry has given clearance for UltraTech to its clinker plant from 3.59Mt to 6.2Mta and its cement plant from 4Mta to 10.33Mta. The company also plans to expand its captive power plant from 46MW to 122MW. The plants are located in Damodarpura and Khor vill...
Dangote Cement to improve distribution network, Nigeria
The management of Dangote Cement said it was reviewing its distribution network to ensure availability of the product by creating wider access for its customers. The company said that this would not only ensure price stability but also guarantee availability of product at the most reasonable price. Devakumar Edwin, Group Managing Director of Dangote Cement, said that at the height of skyroc...
European construction outlook revised
The increasing perception that Greece will default and exit the eurozone together with rising fears of contagion has led Euroconstruct, a group of research institutes and consulting firms, to significantly downgrade its European construction forecasts for this year and next. At a meeting held last week, the group said Europe's construction forecasts for this year and next have been downgrad...