International

19 March 2015

Sri Lanka: Tokyo Cement plans expansion project

Sri Lanka-based Tokyo Cement plans to invest US$50m on a capacity expansion of 1Mta to help cater for local demand requirements. The group has already formed a new subsidiary under the name of Tokyo Eastern Cement for the implementation of the project over the next two financial year...

19 March 2015

Vietnam: Hoang Phat Vissai Group receives loan for project development

The Bank for Investment and Development of Vietnam (BIDV) has agreed to lend Hoang Phat Vissai Group VND6.3trn (US$296m) to to develop the Song Lam cement plant in the central province of Nghe An. The plant, which i...

19 March 2015

Saudi calls for lift of export ban to supply Egypt

Saudi Arabia’s cement producers have again asked the government to lift a three-year-old ban on their exports so they can supply Egypt with 6Mt of cement, according to Jihad Al-Rasheed, chairman of the national cemen...

19 March 2015

Moroccan cement sales dip 0.45% in Feb 2015

After registering a 5.61 per cent advance in domestic cement consumption in January 2015, Morocco’s cement market slipped 0.45 per cent to 1.137Mt in February, according to the Ministry of Habitation. For the first ...

19 March 2015

Joint-venture agreement signed for new Nepalese plant

China’s Hongshi Holdings Group on Tuesday signed a joint-venture (JV) agreement with Shivam Holdings Nepal to set up a NPR30bn (US$297m) cement factory. Hongshi Holdings will invest NPR21bn (70 per cent) in the pro...

18 March 2015

Fitch expects negative impact on Lafarge credit profile if Holcim merger fails

A failure of the proposed merger between Lafarge and Swiss Holcim would have negative effect on the credit profile of the French company, Fitch said. According to the rating agency, a collapse of the merger would b...

18 March 2015

PCA cautions on proposed EPA ozone regulations

The Environmental Protection Agency's (EPA) proposal to further tighten ozone standards could result in the loss of more than 45,000 construction jobs each year, slow the nation's economy, and impede vital infrastruc...

19 March 2015

Indonesian monthly consumption down 6.2%

Indonesian cement consumption during February 2015 fell by 6.2 per cent YoY to 4.2Mt, latest data from the Indonesia Cement Association (ASI) shows. For the first two months of the year, demand declined by 1.2 per...

19 March 2015

Peru cement sales fall 4.9% in Feb 2015

Peru’s cement market contracted by 4.9 per cent YoY as dispatches fell from 816,000t to 775,000t in February 2015, according to Asocem, the country’s cement association. In January, cement dispatches increased 1.7 pe...

19 March 2015

Cherat’s first-half boosted by domestic deliveries

Cherat’s Cement’s domestic sales increased by 10 per cent during the first half of the current Pakistan fiscal boosted by strong construction activity. Total dispatches over the period rose by four per cent, as expor...

19 March 2015

IDA to propose 12 licences in Upper Egypt

The Industrial Developmental Authority (IDA) is set to propose 12 new cement licences in several Upper Egypt governorates this year, according to its chairman. The IDA is also working on preparing new mechanisms and...

17 March 2015

Indian joint venture on the cards?

The Jaypee Group is in talks with HeidelbergCement and JSW Cement, to form a joint venture which will control the majority of its cement plants as part of an ongoing exercise to reduce debt, the Economic Times of Ind...

16 March 2015

Asia will drive cement growth, says Italcementi chief executive

Italcementi Group foresees stronger growth of 2-3 per cent this year, with the key driver being Asia, backed by economic recoveries in the European Union and North America. Given the expected stronger growth, the gr...

16 March 2015

Bangladesh: cement factory collapses

The BBC has reported that  a cement factory partially collapsed in Bangladesh killing eight people. The the compound is army-owned and the factory had been under construction when the accident happened. The plant is ...

13 March 2015

Vietnam: Nghi Son Cement Corp gets go-ahead for fly ash import

Vietnam’s Deputy Prime Minister, Hoang Trung Hai, has agreed to allow Nghi Son Cement Corp to pilot the import of fly ash over the 2015-16 period. Under approval, Nghi Son Cement Corporation will be allowed to impor...

13 March 2015

Dangote’s Zambian plant due to start operations by month-end

Dangote Cement’s Zambian cement plant is scheduled to start operations at the end of this month, group CEO, Aliko Dangote, has said. Speaking to journalists shortly after touring the plant, Mr Dangote explained that...