Cement News tagged: International
Pakistan cement cartel investigation
The Competition Commission of Pakistan (CCP) has conducted a search and inspection of the All Pakistan Cement Manufacturers Association (APCMA) premises as well as Kohat Cement offices in Lahore to seize documents which could confirm collusive activities in an alleged cement cartel. The Business Recorder of Pakistan report that this is the second time the CCP has carried out such an inspect...
Can Tho Mineral and Cement signs export deal
A new export deal has been signed by Vietnamese cement producer, Can Tho Mineral and Cement JSC and a Chinese partner for 24,000t to be delivered to Cambodia. Can Tho’s Chairman and CEO, Thai Minh Thuyet was quoted by Vietnam press as saying that the contract will help the company deal with a downturn in the domestic market. The first shipment of 6000t will be delivered by the end of Jan...
Iran to launch Venezuelan cement factory in March
Iranian-built cement factory in Venezuela "Cerro Azul" is to be launched in March 2012, according to local press reports. Iranian Ehdas Sanat Company signed a contract with Venezuelan government in 2005 for building the cement firm in the country costing US$198m. The plant was to be inaugurated in 2008, but it was postponed to 2012. Source: ISNA - Tehran
JK Cement begins construction of UAE cement plant
India’s JK Cement has started construction of a white cement plant in the UAE, the completion of which could make it a top five player in the niche market of white cement. The company’s vice president N. Gowrishankar told Gulf News that the new plant, to be constructed in the emirate of Fujairah, will involve an investment of US$149.7m and a capacity of 0.6Mta of white cement, with the abil...
Spanish firms to pay fine on northern cartel
A number of Spanish cement companies have been imposed with a fine worth over EUR11.09m by Spanish competition watchdog, CNC, for setting up a cartel in northern Spain. Cements Portland was ordered to pay a fine of EUR5.72m, followed by Beriain (EUR2.5m), Cetya (EUR1.14m), Vresa (EUR959, 277) and Cemex Espana (EUR502, 283), Cinco Dias reported.
India Cements sets its sights on pan-Indian presence
Southern Indian cement producer, India Cements, is aiming to achieve a pan-Indian presence to benefit from development across the region by acquiring new mining leases and improving performance. The company, which enjoys a 28 per cent market share in the southern Indian market, has set up a 1Mta grinding unit in Maharashtra in the western part of India and moved into Rajasthan, in the nort...
Mining closure set to affect Kenyan production
Operations by Kenya’s leading cement producers including East African Portland Cement and Bamburi Cement – all with operations in the Athi River region – may be forced to halt production due to the closure of mines by locals in the county of Kajiado. Local newspaper the Nairobi Star reports that Maasai leaders have ordered the shut down all the mines. Other producers with operations in the ...
Talks on new Guatemala-Honduras venture
Honduran President, Porfirio Lobo Sosa has begun talks with representatives from a Guatemalan cement producer on the possible establishment of a cement factory in Honduras. Cementos Progreso, Guatemala’s leading cement producer is said to be interested in investing in the Central America country, La Tribuna (Honduras) reports. During the meeting, both sides expressed an interest in support...
JK Lakshmi to invest in capacity expansion, India
JK Lakshmi Cement is ensuring it is well placed for a revival in future domestic demand by planning to spend US$386m in the next financial year on expanding capacity, the Wall Street Journal reports. Vinita Singhania, managing director of JK Lakshmi Cement, said the producer plans to expand capacity to 8-9Mt by the end of the next fiscal year. Current capacity stands at 4.8Mt and is likely...
UK monthly construction output flat
UK construction output figures from the Office of National Statistics for November show no change from the low levels recorded in October. However, output was 1.6 per cent lower than in November 2010 when the industry was severely affected by bad weather. New work fell by 1.3 per cent (-UK£241m) and repair and maintenance fell by one per cent (-UK£97m). The only increases were in new infr...
India: 2012 outlook negative
With the Indian cement industry currently caught in a down-cycle, Fitch Ratings has said the 2012 outlook for the Indian cement sector is negative. Moderation in cement demand and overcapacity are the main issues plaguing the sector at present. Fitch expects future activity in the real estate and infrastructure sector to remain muted given low credit growth, leading to cement dispatch volum...
Brazil cement sales rise 7.3% in 2011
Brazilian cement demand has continued its upward momentum with 2011 sales advancing 7.3 per cent YoY, latest data from Sindicato Nacional da Indústria de Cimento shows. Preliminary industry figures and market estimates, show that domestic sales reached 63.5Mt in 2011 compared to 59.12Mt in the previous year. Including cement exports, which totaled 44,000t last year, full year sales from Bra...
HeidelbergCement inaugurates new mill, Bangladesh
HeidelbergCement officially inaugurated a new 0.8Mta cement ball mill at its plant in the seaport
Gresik announces new investments, bond issue, Indonesia
Indonesia’s largest cement producer, PT Semen Gresik, plans to invest up to US$600,000 on five cement packing plants to be constructed in a number of locations on the island of Kalimantan. Finance director of the company, Ahyanizzama, was quoted by Asia Pulse as saying that construction of these facilities is set to start in the second quarter of this year and will be completed in 16 months...
Fuel shortages impacts Nepal production
New additions to the Nepal production base are facing difficulties as a
Protests ensue over rising cement prices, India
Protests have taken place at Century Cement’s Chhattisgarh cement plant