Cement News tagged: International
AfriSam adapts cement product portfolio, South Africa
South African cement producer AfriSam says it has re-engineered its cement product portfolio to provide fit-for-purpose solutions to almost any building or construction requirement. Speaking to Business Day, CEO Stephan Olivier said: "At AfriSam, we understand that the future existence of our business depends on our ability to continuously adapt and improve our current product and service off...
Al Khaij Cement Co to raise cement production
The board of directors of Qatar's diversified holding Qatari Investors Group has approved a project to boost the production capacity of affiliate Al Khalij Cement Co to 14,000tpd, Qatari Investors Group said in a bourse filing yesterday. The project is to be completed by the end of 2014. (Source: SeeNews Middle East & Africa).
UK construction sector activity 'slowed' in May - survey
Growth in the UK construction sector slowed to a three-month low in May, according to a survey. The Markit/CIPS purchasing managers' index (PMI) for construction fell to 54.4 last month, from 55.8 in April. However, the reading indicates that the sector is still growing, as a figure above 50 implies expansion. Office for National Statistics figures found a fall in construction output...
Mixed results for Chilean producers
Two of Chile’s top cement producers have reported mixed results for the first quarter of 2012. Cementos Bío Bío (CBB) posted a net loss of CLP408m (US$787,000) in the first quarter, compared with a net profit of CLP204m in 1Q11. The results were due to non-operational charges related to foreign exchange effects, the firm said in a research note. First-quarter sales were up 4% to CLP84.8bn fr...
Indian producers consider early price reduction on monsoon
Indian cement companies are considering a reduction of INR8-10/bag later this month in anticipation of a slowdown in construction activities due to the arrival of monsoon season. The price correction during monsoon is seasonal but this year it has come little earlier due to subdued demand, writes Realty Plus. "The price correction has started from the month of May and this month cement com...
Mozambique reaches cement production record
Domestic cement production in Mozambique reached a record 277,000t in 1Q12 with imports falling to 79,000t. The commissioning of new factories across the country was the main driver to this growth, according to National Director of Industry Sidonio dos Santos. A new cement plant, Cimento Nacional, was recently commissioned, adding 0.25Mta to the national capacity figure. In addition, Ciment...
UltraTech Cement reports rise in May dispatches
UltraTech Cement Ltd dispatched 3.59Mt of cement in May, up 10.6 per cent YoY, according to a company statement. Dispatches higher than the 3.2Mt recorded in April. The country’s largest cement producer by capacity produced 3.5Mt during April, up 7.7 per cent from a year ago.
Pakistan cement industry pins hopes on Federal Budget 2012-13
The Pakistan cement industry has surplus capacity and the key factors hindering overall production capacity are rises in energy and the demand and supply mechanism, says the pre-budget document, Economic Survey 2011-12. D. Abdul Hafeez Shaikh Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Planning & Development is scheduled to present the 2012-13 Federal Budget at t...
Lafarge Cement revises full-year revenue target upwards, Zimbabwe
Rising cement demand in the Zimbabwe market has resulted to Lafarge Cement Co upgrading its revenue forecast for full year 2012 to US$62m, from an initial forecast of US$60m. During a trading update at the company’s AGM, Jonathan Shoniwa, said increased capacity utilisation and cement demand had resulted in Lafarge reviewing its initial revenue target upwards by US$2m. "The level of opera...
Caribbean Cement Company price hiked 9.2%
Caribbean Cement Company Limited has increased the price of bagged cement by 9.2 per cent, according to reports in the Jamaican Gleaner. Effective today, June 1, the ex-factory price of Carib Cement Plus will be increased from J$705 to J$761.91. The new price is inclusive of the new 16.5 per cent GCT rate. In a statement to the Jamaica Stock Exchange yesterday, Caribbean Cement advised share...
Vietnam facing 6Mt surplus by year-end
Vietnam is projected to face a surplus of 6Mt of cement this year, the Vietnam Cement Association (VNCA) said. Domestic output is expected to reach between 60-62Mt, outstripping forecasted full-year domestic sales of 47-48Mt and exports 7-8Mt forecasts, the association was quoted by the financial website CafeF as saying Tuesday. Do Duc Oanh, general secretary of the association, saying t...
New cement plant opened in Azerbaijan
President Ilham Aliyev of Azerbaijan has opened a new cement plant in Nakhchivan Autonomous Republic. The 800tpd cement plant by LLC Nakhchivan Cement will serve domestic requirements and some volumes could be sent to exports, local press reports.
Philippine cement prices edge towards peak levels
Philippine cement prices are edging up to highs last seen in 2010 of PHP215-220/40kg bag due to higher input costs and increasing demand. Data from the Philippine Department of Trade and Industry showed that the price of cement is PHP205/40kg bag for the Republic and Rizal brands, higher than the PHP185-190 price range in May 2011. “We have managed to increase prices but current level i...
Dangote Cement new Zambia plant facing delays
Construction of Dangote Cement’s US$500m cement plant in Masaiti District, Zambia, has suffered a setback following delays by the government in issuing a mining license. Speaking to the Times of Zambia, Dangote Industries general manager Viveka Heblikar said his company had submitted all the documentation and was only waiting to be granted the mining licence. As a result, the company canno...
China consumption far from peaking – comment
Daiwa investment bank says China's cement demand is "still far from peaking," as it expects policy loosening to accelerate construction activity, resulting in an uptrend in cement demand and prices from 2H12-13. The house says infrastructure is the largest consumer of cement (Daiwa forecasts it to account for 45%-46% of demand over 2011-13). Macroeconomic loosening, therefore, would improve th...
Mai Son cement plant put into operation, Vietnam
Mai Son Cement Joint Stock Co has officially put its Mai Son cement plant into operation. The new cement plant is situated in Na Pat Hamlet, Na Bo Commune, Mai Son Dist, Son La province with design capacity of 2500tpd of clinker (1Mta of cement). The company said it will concentrate on producing three types of cement: PCB40, PCB30 and PC40.