Cement News tagged: International
Hoang Mai Cement to invest in new line, Vietnam
Shareholders of Vicem’s Hoang Mai Cement Joint Stock Co have agreed invest VND102.7bn in projects this year. Local press report that the company plans to spend VND67bn in building a new production line in Hoang Mai 2 cement plant with designed capacity of 4.5Mta. In 2012, the company has set targets to reach total revenue of VND1.645trn, pre-tax profit of VND163bn, increasing by 11.4 per cen...
Jaiprakash March dispatches rise 32%
Jaiprakash Associates' cement dispatches in March 2012 has increased by 32% at 2.08Mt, as against 1.57Mt in the same month of 2011. Jaypee's cement business operates under the Jaiprakash Associates arm, which has a cement capacity of 28Mt. Jaiprakash Associates reported a fall of 12% in its net profit of INR205 crore in the third quarter of the current fiscal, mainly on higher interest p...
Irish Cement workers begin strike action
Workers at Irish Cement Ltd, Platin have commenced strike action in a dispute over what they claim is the company's failure to honour a Labour Court recommendation relating to the payment of outstanding monies to its employees. Local newspaper, the Drogheda Independent reported that pickets were placed on the plant entrances on Tuesday morning at 8am following a decision to take industrial ac...
TCL: deliveries continue to arrive
A fresh supply of cement was offloaded at the Trinidad Cement Ltd port yesterday and the company's management assures customes that there is no shortage of cement in the market as strike action at the plant continues. General manager of TCL Satnarine Bachew, assured there was no shortage of cement on the market. Bachew, in an interview with the Guardian yesterday, said 2600t of jumbo bags ...
UK construction reports unexpected monthly advance
UK construction expanded at the fastest pace in 21 months in March, adding to signs the economy returned to growth in the first quarter. A gauge of building activity rose to 56.7 from 54.3 in February, Markit Economics Ltd. and the Chartered Institute of Purchasing and Supply said in a report today in London. The median forecast in a Bloomberg News survey of nine economists was 53.4. A read...
Indian majors report March gains
Three of India's leading cement producers, UltraTech Cement as well as Holcim interests, ACC and Ambuja Cement, all reported healthy gains in their respective March 2012 figures. UltraTech despatched 4.01Mt cement in March, 6.28% higher from previous year, a company release today said. Cement production during the month rose 4.5% YoY to 3.92Mt. On a monthly basis, despatches and productio...
No restrictions to Sarawak imports, Malaysia
The Ministry of International Trade and Industry has confirmed that there is no restriction on the import of cement into the Malaysian state of Sarawak, the Borneo Post writes. The ministry stated that importers intending to bring volumes into the state only need to apply for a certificate of approval from the Construction Industry Development Board. The ministry also said that there was...
Derba Midroc announces second-round of price cuts, Ethiopia
Newcomer to the Ethiopian cement sector Derba Midroc will announce another round of price cuts on wholesale cement, intensifying the price war on the local market. The 7500tpd Derba Midroc cement works was inaugurated in February this year, and is one of seven cement projects scheduled to come on-stream in the January-May period of 2012, according to Ministry of Industry data. Derba Midr...
Taiwan Cement ‘cautiously optimistic’
Taiwan Cement Corp (TCC), which is fast-expanding in the China cement market, expects demand to pick up gradually this year in its two main markets, after it reported a 20 per cent decline in 4Q12. Speaking to the Tapei Times, chairman Leslie Koo, said: “We are cautiously optimistic about the business outlook [this year] after a below-trend fourth quarter when the unfavorable macroenvironm...
Improving prices forecast to raise margins, Pakistan
Pakistan cement industry is forecasted to earn good margins during the last quarter of the current fiscal as cement prices increase on rising sales volumes. According to a report by InvestCap, local cement manufacturer and exporter firm Fauji Cement (whose capacity has been increased by commissioning of a new 7200tpd plant in 1HFY12) would be the main beneficiary of an increase in prices f...
Eurozone slowdown, cost inflation threaten construction sector, UK
The Construction Products Association’s (CPA) latest State of Trade Survey, which has been launched Monday, shows that although a Eurozone crisis appears to have been averted for the time being, the prospect of an economic slowdown in the major European economies, together with increasing global energy and raw material prices, remain as the major threats to further recovery in the UK construct...
Tabuk Cement new ready-mix venture, Saudi Arabia
Saudi cement producer Tabuk Cement Co has signed a Memorandum of Understanding (MoU) with Malaysia’s ZECCN and Finnish Elematic to construct a SAR60m (US$16m) ready-mix concrete plant in the Western Province of the country. TCC will hold 60 per cent in the new venture which will be self-financed. The remaining shares will be held by the partners.
Ghorahi Cement to come on-stream in April, Nepal
The latest addition to the Nepal cement production base, Ghorahi Cement Udhyog in the Dang district, is to start production on the 25 April 2012. According to plant officials, construction is at its final stages, the Katmandu Post reports. In terms of market, supply, K Aru Mugam, manager of the factory said: "Cement will be manufactured as per market demand…In the case of clinker, we have ...
China: broad recovery in demand anticipated
Analysts said Thursday that Chinese cement and building-material firms are seeing a broad recovery in demand and have forecast cement prices to rise throughout the year, as warmer weather helps kick-start stalled activity. Broking-house UOBKayHian said that management of Anhui Conch Cement Co both issued an upbeat assessment of the market outlook this year, bolstering the view that demand fir...
Athi River Mining: East Africa expansion
Kenya-based cement producer Athi River Mining (ARM) earlier this week reported a significant rise in 2011 cement sales on the back of new domestic cement capacity. The company is now nearing completion of the first of three projects in the Tanzanian market and has secured additional funds for expansion as it seeks to harness increasing demand in the promising East Africa region. I n 2011, g...
Cemex US volumes boosted by mild weather
Cemex said it may have recorded strong growth in US cement volumes in the first two months of the year helped by good weather. "The first two months of the year have been great; demand nationwide has been up in excess of 20 per cent YoY," Maher Al-Haffar, vice president of corporate communications and investor relations, told Reuters in an interview. "A very important driver is the fact ...