Cement News tagged: International
Vietnam likely to produce 17.8Mt of cement in Jan-Apr
Cement producers in Vietnam are estimated to have made 17.8Mt of cement in the first four months of this year, down 6.6% from a year earlier. In April, the country is likely to have produced 5.7Mt of cement, up 2.7% YoY, the government’s General Statistics Office said on a monthly report released late Wednesday. In 2011, Vietnam produced and sold 49.3Mt of cement. The country also importe...
Venezuelan builders urge US$60bn for infrastructure
The Venezuelan Construction Chamber said Tuesday the country needs to spend US$60bn on maintaining existing infrastructure and to double investment in new projects. "A country's development cannot be promoted without investment in infrastructure," the group's head, Gilbert Dao, said, noting that Venezuela is currently devoting no more than 3% of GDP to infrastructure. During one of the org...
Risk to China cement stocks ‘more on the upside’
UBS said that last week, cement prices in most regions of China remained flat and cement inventory levels fell in many regions due to better sales. The house says it is not expecting cement industry fundamentals to turnaround materially in the short term, but the macro-economic recovery and policy easing should remain the key positive drivers for the sector. UBS reiterates its positive view o...
Genea Angola’s cement factory will be expanded
Following ICR’s news yesterday’s about Angola’s new Cimenfort factory, due to launch production in May, it is now reported that a second line will be built at the plant. Angolan news agency Angop reported that in a second phase the cement factory would be expanded by installing another kiln, which would increase production to 1.2Mta. The factory, which is the result of an investment of US...
India: collusion ruling looms large over cement makers
Indian cement makers’ stocks fell on fears that the Competition Commission of India (CCI) will rule against the sector as it deliberates on whether companies have colluded to push up prices. On Monday, the CCI imposed hefty penalties against agrichemical manufacturers, sparking fears similar action will follow regarding cement producers.
Ampt's investment in Nigeria hits N52.6bn
Dallas Hampton, director of leading terminal concessionaire at the Apapa Port, APM Terminals Apapa Ltd, said the company has invested US$200m (NGN31.4bn) in its facilities in Nigeria to-date and plans to invest another US$135m (NGN 21.2bn) before the end of the year. Mr Hampton said the new investment, would cover cost of civil works on modern facilities for receiving cement and other extens...
Nigeria: Lafarge Wapco launches new products
Lafarge Wapco is targeting block makers and the pre-cast and concrete business with its latest cement product. Elephant Super set was revealed at the Nigeria infrastructure & Construction exhibition Seminar & Product Showcase held in Lagos, Nigeria. Rilwan Yusuf, the company’s senior marketing manager, said the firm came up with the new product, ‘Elephant Super Set,’ to meet the identifiable ...
USA: TXI sells Missouri City aggregate terminal
Texas Industries Inc has announced the sale of its aggregate rail distribution terminal and associated assets located in Stafford, Texas, to Lex Missouri City, LP. The transaction included the sale of approximately 154 acres of land, with rail connection to the Union Pacific Railroad, and the sale of related assets used to receive and distribute aggregates to construction projects in the sout...
Pozzolana Ghana takes giant step to revamp cement industry
Pozzolana Ghana Limited (PGL) has launched a mechanism to revamp the cement industry with its brand produced from clay and palm kernel shells. The product is also cheaper to produce and inexpensive as compared with Portland cement on the market. In the wake of the huge housing deficit facing Ghana, natural and locally-produced pozzolana cement provides a superior building product at a reduc...
China 1Q cement output up 7.3% YoY at 398.1bt
China produced 398.1Mt of cement in the first quarter of this year, an increase of 7.3% YoY, according to the latest data released by the National Development and Reform Commission (NDRC).
Angola’s Cimentfort enters service in May
Angola will see a new cement plant enter service in May. The Cimentfort works in Catumbela is expected to produce around 0.7Mt by year-end, according to a report by press agency Angop. Located near a railway line, the production facility is also ideally placed to supply cement to the southern provinces via the Benguela Railway. The provinces of Huambo, Bie and Kuando Kubango will be among the...
Pozzolana Ghana Lltd announces new MD
Pozzolana Ghana Limited (PGL), Ghana’s only licensed producer of pozzolana cement, today announced the appointment of Vivek Garg to the position of managing director. Garg joined PGL on 2 April but the announcement was made today by PGL President Douglas Borgsdorf. According to Borgsdorf, “Vivek’s extensive experience in complex manufacturing environments was the key factor that made him the...
Saudi Arabia: cement sales hit new record
Cement sales in March 2012 grew by 12.6% to reach 4.9Mt, a record high for monthly sales, based on a new report issued by NCB Capital on Wednesday. According to the report, clinker production grew by 10% to reach 4Mt, another record. However, clinker stocks declined sharply by 44.4% to reach 5.02Mt, the lowest level since August 2008. “Domestic cement sales rose 12.6% YoY and 10.2% MoM to 4...
UK: Cemex teams up with SITA to produce RDF
Cemex UK has joined forces with SITA UK to produce all the refuse-derived fuel (RDF) to fire its Rugby cement kiln. SITA UK will build two recycling plants that will produce Cemex’s Climafuel brand of RDF from local residual household and business waste. Under the terms of the deal, SITA UK will be responsible for building and operating the plants – one in Birmingham, and another on land ad...
Bangladesh: Seven Rings Cement to double production capacity
Seven Circle (BD) Ltd, one of the fastest-growing cement companies of the country, will double its production capacity to 3.3Mta by the end of 2014. "We have now the capacity of 1.7Mta and the expansion drive of our company was taken in view of the rising demand of cement," Asadul Haque Sufyani, general manager (Marketing) of Seven Circle (BD) Ltd, told The Financial Express in an interview ...
New Zealand: Fletcher rivals “attacking our market”
Fletcher, with a market capitalisation of NZD4.2bn (US£3.4bn), is under attack from firms undercutting prices by up to a third and aiming at Christchurch's post-quake rebuild. Stephen Hudson, Macquarie Equities Research analyst, said new import-based competition had emerged in cement products, insulation, wallboard, laminates and steel categories. Hudson said construction of a new third-play...