Cement News tagged under: Energy fuel & power

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Amrit Cement India launches new plant, India

29 January 2013, Published under Cement News

Amrit Cement India Ltd (AMIL) has launched its 1Mta cement plant in northeast India. Situated in the Jayantia Hills, Meghalaya, the new cement works will serve the northeastern market, the Economic Times (ET) of India reported. The facility is also equipped with a 10MW captive power plant. AMIL has an ambitious plan to install 5Mta of cement capacity by 2015-16 through capacity additions in the northeast and through new volumes in Nepal and Bihar, for which initiatives have already bee...

Spanish demand sees largest drop for over 70 years

21 January 2013, Published under Cement News

Cement consumption in Spain has seen its full-year figures for 2012 fall even further than the pessimistic forecasts predicted by Oficemen in December. Last year, cement demand contracted 34 per cent YoY to 13.5Mt, representing the largest decline in the Spanish cement market’s history for several decades. Only in 1936 a larger drop was found. Full-year output figures registered a fall of just under 29 per cent to 22.18Mt. “We face data that are really symptomatic of the poor state of he...

Paraguay’s INC records rise in 2H12 cement sales

17 January 2013, Published under Cement News

Paraguay’s Industria Nacional de Cemento (INC) posted a 56 per cent jump in second half 2012 sales compared to the first half of the year. The company sold 6,337,786 bags of cement in the second half of 2012 compared to 4,051,637 bags sold in the first six months. As a result, the company accumulated revenues of PYG262,823m (US$62.7m)  in the final semester of the year, a marked improvement on the first-half PYG166,131m. Full-year sales reached 10,389,423 bags, up 3.6 per cent from 1...

Oil prices stable, coal falling says BoAML energy forecast

16 January 2013, Published under Cement News

In the second half of 2012 oil prices carried out a successful balancing act between maintaining supply and avoiding to destabilise the global economic recovery. The US fiscal cliff, Europe’s sovereign and banking crisis as well as China’s potential hard-landing have prevented any real direction from the market in 2H12. Bank of America Merrill Lynch (BoAML) sees it likely that oil prices will continue to trade in the current range during 1H13, although it does not rule out price rises.   ...

Government to lobby Caricom for reduction in import duties

16 January 2013, Published under Cement News

The government of Trinidad and Tobago says it plans to lobby the Caribbean Community (CARICOM) grouping for a reduction in import duties following Trinidad Cement Ltd’s (TCL) recently-announced 9.5 per cent price hike. Trade Minister Vasant Bharath, has held talks with the company on whether the hike was based on increased costs of inputs, or due to inefficiencies. In news reports by local media, Bharat said that TCL’s costs include an annual energy cost of US$12m for natural gas, a debt o...

Southern Province signs contract for power plant expansion, Saudi Arabia

07 January 2013, Published under Cement News

Southern Province Cement Co (SPCC) has signed a contract with Wartsilla for the expansion of the former’s power generating plant at the Tahama works. The contract was signed by HH Prince Abdullah bin Mosa’ad bin Abdulrahman Al-Saud, SPCC chairman, with Wartsilla to add four diesel units operating by heavy fuel with a total capacity of 32MW.

Holcim sells stake in power generation subsidiary, Philippines

04 January 2013, Published under Cement News

Trans-Asia Oil and Energy Development Corp (TA Oil) has acquired the stake of partner Holcim Philippines Inc in a power plant in Bulacan province. In a disclosure to the Philippine Stock Exchange, TA Oil said that it "signed a share purchase agreement for the purchase by Trans-Asia of Holcim's 50 per cent stake in Trans-Asia Power Generation Corporation." The deal gives Trans-Asia full ownership of the power firm. Prior to the conclusion of this transaction, Holcim was in a joint ventu...

Spain to see fifth consecutive annual double-digit fall in demand

18 December 2012, Published under Cement News

Spanish cement association Oficemen expects consumption to reduce by 33 per cent in 2012  per cent in 2013 , the fifth double-digit decline in a row. This will take annual demand to a little more than 13Mt, light years away from the 56Mt consumed in 2007, the association highlighted. For the first 11 months of 2012, consumption reached 12.74Mt, down 33.8 per cent YoY, compared to the 19.23Mt achieved in the same period of last year, data from Oficemen shows. Producti...

Pakistan invites Expressions of Interest for new coal terminal

18 December 2012, Published under Cement News

The Karachi Port Trust (KPT), which operates under Pakistan’s Ministry of Ports and Shipping, is inviting expressions of interest (EOI) to develop a dedicated coal terminal on a Build on Transfer (BOT) basis. The port authority is inviting consortiums of financial, legal and technical consultants/firms, to provide services to help it develop the terminal. The last date for receiving the EOI is 15 January 20 13. An official of the KTP told CemNet news that the new terminal will be used ...

Egyptian government to raise mazout fuel prices for cement companies

17 December 2012, Published under Cement News

The Egyptian government is to raise fuel prices for cement companies that use mazout for production by 130 per cent, according to local press. The price hike means that per-tonne mazut prices will rise from EGP1000 (US$162) to EGP2300 (US$373), state reports by Ahram Online. Mazout, the raw material from which diesel is derived, will be sold at the new price to all of Egypt's industrial sectors with the exception of electricity production companies and food industries and bakeries, due ...