Cement News tagged: International
Pakistan exporters hike Afghanistan prices by 25%
Pakistani exporters have raised prices to Afghanistan by 25 per cent to US$50/t up from US$37-40/t, the Express Tribune reports. Senior analyst at KASB Securities, Shagufta Irshad, said the move will have a positive impact on the earnings of these companies in the current financial year. With DG Khan and Lucky Cement both situated in the northern part of Pakistan and are major exporters ...
Cementos Lima's 2011 shipments fall, Peru
Cementos Lima, the largest cement manufacturer in Peru, saw cement shipments in 2011 decline by 53,000t, down 1.6% from 2010. This brings the company’s total cement shipments for the year to 3.2Mt. However, cement dispatches in the overall Peruvian rose from 8.5Mt to 8.8Mt. Cementos Lima’s sales are mainly focused on the central coast of the company which saw a decline in mainly in the se...
Construction sector impacts UK 4Q11 figures
Fourth quarter 2011 UK GDP figures published yesterday by the Office of National Statistics show that the domestic economy contracted by 0.2 per cent, with the main contributors being the manufacturing and construction sectors which fell 0.9 and 0.5 per cent, respectively. Commenting on the outlook, Noble Francis, Economics Director at the Construction Products Association (CPA) said: ‘Unfort...
TCL to challenge Competition Commission, Trinidad
Trinidad Cement Company (TCL) has been granted an application for special leave by the Caribbean Court of Justice, allowing the cement producer to challenge a report on the region’s cement trade undertaken by Caricom’s Competition Commission. This follows an investigation conducted by the commission into TCL’s operations regarding the production and sale of cement in Caricom which began in D...
CMA announces Muthiah as new head, India
Mr MAMR Muthiah, managing director of Chettinad Cement Corporation has been announced as the new president of the Cement Manufacturers Association of India at its 50th annual meeting, according to a press release.
Cemex recognised for export efforts, Dominican Republic
Cemex has been recognised as a “Great Exporter” by the Dominican Association of Exporters for consistent growth that has led the company to be the biggest exporter of cement in the Caribbean. Carlos Gonzalez, President of Cemex in the Dominican Republic, was on hand to receive the award and attribute this achievement to three factors: a positive business climate in the country, the company’...
Gresik eyes controlling stake in Semen Baturaja, increases in production
PT Semen Gresik is targeting a controlling stake in fellow state-owned cement producer, PT Semen Baturaja, which will launch an initial public offering (IPO) later this year. The Jakarta Post reports that Gresik would look at Baturaja’s IPO pricing to follow-up on the acquisition and if a large amount of shares is offered the company would look to buy a majority stake, Gresik’s president Dw...
Fire at Clitheroe works, UK
Firefighters attended a blaze which broke out on Friday evening at Hanson’s Ribblesdale cement works in Clitheroe, UK. Local press reported that the ire, which involved a conveyor belt was attended to just after 9pm at the cement works, formerly known as Castle Cement. There was severe damage to the rubber conveyor belt and surrounding machinery during the incident which Clitheroe firefighter...
Siam Cement Group sees revival in Myanmar demand
Siam Cement Group (SCG), which provides cement exports to Myanmar, is anticipating strong sales in the Southeast Asian country following significant declines last year. Syamrath Suthanukul, marketing director of Thailand’s SCG told the Myanmar Times that last year sales fell approximately 20 per cent YoY as the transition to a democratic government in 2011 affected a number of construction ...
Semen Gresik forecasts 17% rise in revenue, Indonesia
Semen Gresik expects revenue rising 17 per cent this year from an estimated 12 per cent in 2011, and also expects to raise financing this year for two new projects. . According to according to chief executive, Dwi Soetjipto, the company forecasts sales of 23Mt from the 19.8Mt recorded in 2011, Dow Jones reported. Profits are expected to rise by 10 per cent on the back of increased sales and ...
GCC cement sector capacity to hit 120Mt by 2013
Cement capacity in the GCC cement sector is expected to hit 120.7Mt in 2013, according to a Global Investment House (GIH) report with rising demand in Saudi Arabia, Qatar and Kuwait expected to take pressure off the oversupply situation. Saudi Arabia is driving the capacity gains as the country continues to outperform the region. Volumes are expected to reach 58Mta in 2013 and demand is exp...
New Benin plant to be constructed
Nouvelle Cimenterie du Bénin (Nocibé) is to construct a 1.5Mta cement plant in Benin, company CEO Latfallah Layousse, said. A contract for the new plant was signed on Friday, according to local press reports. The Nocibé plant will be established in the town of Massa, about 50 miles east of Cotonou, the capital of Benin. Nocibé is led by Groupe Layousse of Ciment de Sahel (Senegal). Units...
US company to invest in new Nigerian project
A USA-based investment group has announced is to construct a 1.5Mta cement plant and 600MW power plant in the southeastern state of Ebonyi, Nigeria. Local newspaper, The Nation, reports that the Califco Group together with development partners, Cross River International Consulting and in conjunction with Ebonyi state government aims to revitalise cement production in the state as well as cr...
East Africa Portland Cement workers return to plant, Kenya
East African Portland Cement employees have returned to plant operations after signing a ‘return-to-work’ agreement with management, local press reports. The agreement comes after the works was shut for more than eight days due to a dispute between staff and the board of directors. Chairman of the board, Mark Karbolo and Ogutu Were of the Chemical and Allied Workers Union, witnessed the sig...
Maltsovskiy Portlandcement production rises, Russia
Maltsovskiy Portlandcement, part of the Eurocement Group, reported a rise in cement production of 2.5 per cent YoY to 3.16Mt. Clinker production totaled 3.34Mt for the year, a 3.9 per cent increase. Shipments were up 3.14Mt, SKRIN news reported.
China cement output rises 16.1%
China’s cement outpur rose 16.1 per cent YoY to 2.06bnt, the National Development and Reform Commission (NDRC) said on its website. The news comes despite the government tightening the property market which dampened demand to some extent, according the NDRC.