International

26 February 2015

Bolivia increases cement supply

As the Bolivian cement market surged 24 per cent YoY in 2H14, the domestic cement industry was able to increase output by 15 per cent. However, much has changed as the sector invested in new plants and pushed up production to improve the supply-demand balance. Corporación Boliviana ...

25 February 2015

Pacasmayo expects 5% sales rise in 2015

Peru’s Cementos Pacasmayo is positive about the year ahead as it expects sales to rise by five per cent. The company’s general manager, Humberto Nadal del Carpio, attributes the increase to the development of sever...

25 February 2015

KORFEZ awarded Italcementi project in France

KORFEZ ENG has signed a contract with Italcementi Group for the supply of a new second compartment mill shell lining for one of the cement producer’s plants in France. This system is intended for a 3.80m diameter tw...

26 February 2015

Swire Bulk Logistics enters partnership with Golden Bay

Swire Bulk Logistics, the industrial shipping division of The China Navigation Company (CNCo), has entered into a long term partnership with New Zealand’s Golden Bay Cement (GBC), a trading division of Fletcher Build...

26 February 2015

US natural gas price to soften before recovery in 2016

As the US faces ample natural gas inventories and high production, US gas prices are expected to further soften this year. “We introduce an end of 2Q15 target of US$2.25/mBtu and lower our 2015 US nat gas price forec...

27 February 2015

Cementir shareholders approve capital hike

The shareholders of Cementir Holding SpA announced on Monday that the company's Board of Directors will be able to raise the company's capital by up to EUR300m within five years, according to a statement released yes...

24 February 2015

Deuna Zement signs agreement on Duen quarry

Contrary to the original plans, Germany-based producer Deuna Zement will now not quarry limestone from the 100m-wide strip of woods in Duen. This compromise and further concessions were laid down in a comprehensive s...

23 February 2015

Indian producers roll back prices

Indian cement producers have rolled back cement price increases announced in January due to a weaker than expected cement demand off-take. "The dispatch scenario is very gloomy. The January-March quarter is genera...

04 March 2015

DG Khan eyes new Pakistan plant construction

DG Khan plans to build a US$300m near Karachi as economic growth boosts cement demand in Pakistan. “There will be a shortage domestically in three years if there is 10 per cent growth in demand each year,”  Inayat...

20 February 2015

Tunisia: Carthage Cement cuts cement price

In the past few days, Carthage Cement has lowered the price of cement by TND6/t for bagged cement and TND10/t for bulk. For instance, a bag of OPC will now cost TND141,640/t while its bulk equivalent will cost 122,50...

20 February 2015

India: Malabar Cements to resume Cherthala operations

Malabar Cements Limited (MCL) will resume operations at its Cherthala unit in the Indian state of Kerala, by the end of this month, having secured uninterrupted clinker supplies. K Padmakumar, managing director of M...

20 February 2015

US December shipments – preliminary data

Portland and blended cement shipments in December 2014 reached 6.24Mt, preliminary data from the US Geological Survey (USGS) shows. This takes full-year shipments to 88.53Mt, according to the initial indicators. Imp...

19 February 2015

EAC producers call for review and uniformity of standards

Regional producers in the East African Community are calling for cement and limestone standards to be reviewed and harmonised in accordance with international best practices. According to reports by AllAfrica news, ...

19 February 2015

Ghana: calls for end to bagged imports

The Strategy and Corporate Affairs Director of GHACEM, Dr George Dawson-Ahmoah, has called on the country’s government to ban imports of bagged cement into the country, stressing that domestic supplies are sufficient...

20 February 2015

Malaysia: Tasek Corp full-year profit ahead

Tasek Corporation Bhd's net profit rose 11.86 per cent to MYR105.4m (US$29.1m) compared to MYR93.90m a year earlier despite heightened competition. Revenue rose to MYR656.06m compared to MYR121.04m in 2013. The Mal...

19 February 2015

Mexico: LH merger green light

Mexico’s Federal Commission for Economic Competition (Cofece) has granted approval for the merger of Lafarge and Holcim (LH). Lafarge is a market player in Mexico through an indirect stake in ELC Tenedora de Cemen...