Cement News tagged under: Weekly Newsletter
Semen Indonesia IDR6trn expansion06 January 2017, Published under Cement NewsSemen Indonesia has designated IDR6trn (US$449.1m) for capital expenditure in 2017 to finance its expansion programme. The programme includes the development of four plants set to add 10.5Mta to the company’s current installed capacity of 32.3Mta. Two plants are already under construction. Approximately IDR1trn of the year’s spending will be channelled into the construction of the Rembang plant in Central Java and the Indarung VI plant in Padang, West Sumatra, which have both entered into... |
Kenya: cement consumption falls 5.3% in 3Q1604 January 2017, Published under Cement NewsThe growth in cement consumption fell by 5.3 per cent in the third quarter of 2016 compared to 3Q15, according to a report from the Kenya National Bureau of Statistics (KNBS). The KNBS data shows that the domestic market consumed 1.52Mt of cement in the three months to September 2016, compared to 1.45Mt in the same period in 3Q15 and 1.3Mt in 3Q14. The decline in cement demand was in line with a general slowdown in the construction sector. Lower demand from major infrastructure p... |
Canada: McInnis sign 140,000t distribution deal04 January 2017, Published under Cement NewsMcInnis Cement announced it has signed an agreement with Gaspe Railway Corporation (Société du chemin de fer de la Gaspésie - SCFG) for the distribution of cement from New Richmond, Quebec, to various Canadian and US markets. The agreement relates to the transportation of approximately 140,000t of cement over a five-year period. The cement will be loaded into trucks at the mill site, transported to New Richmond and then transhipped into the cars via a measuring hopper that will be install... |
UAE: Arkan cutting energy usage in response to price rises04 January 2017, Published under Cement NewsEmirati building materials firm Arkan, which operates the Al Ain and Emirates cement factories, has announced a series of energy saving measures in response to rising prices for electricity, water and natural gas, Trade Arabia reports. The initiatives include the installation of a waste heat recovery unit on the clinker cooler at the Al Ain cement factory. Arkan is also conducting a feasibility study on the construction of a captive coal-fired power plant for the facility. As an interi... |
Trinidad Cement directors recommend rejection of Cemex bid04 January 2017, Published under Cement NewsThe board of directors of Trinidad Cement Ltd (TCL) has written to shareholders advising them to reject Cemex's TTD597m (US$89m) offer for a controlling interest in the company, the Jamaica Observer reports. “The company (TCL) has experienced a turnaround after multiple past efforts to do so. The evidence of the turnaround is supported by the company’s return to sustainable profitability in 2015 and continuing to produce positive net income throughout 2016,” said the directors in their le... |
Vietnam slows down cement capacity development29 December 2016, Published under Cement NewsThe Vietnamese cement sector has 20Mta overcapacity and must now slow down the pace of investment into new cement production, the government has decided. Vietnam’s cement industry development plan 2011-20, which was approved by the Decision 1488/QD-TTg in 2011 and which has until now supported the development of the industry, will be replaced by a new plan in response to current market conditions. After five years of implementation since 2011, the Prime Minister has agreed to take 14 c... |
Shree Cement Ltd to construct 5Mta plant in Bengal29 December 2016, Published under Cement NewsShree Cement is planning a 5Mta cement plant and a 20MW captive power plant at the villages of Parbatpur and Digha, Tehsil Raghunathpur, dist. Purulia, West Bengal. A railway siding, loading unloading system and residential colony will also be constructed. The total estimated cost of the project is INR6000m. The total land area is 104 acres. The project is waiting for environmental clearance and Pollution Control Board approval. According to West Bengal Pollution Control Board sources, pe... |
India: new MHI plant operational by January21 December 2016, Published under Cement NewsMy Home Industries Ltd (MHI) has announced the launch of its new cement plant in Tuticorin, Tamil Nadu. The plant is expected to start functioning from January 2017. Executive Director of MHI, Samba Siva Rao, said that the grinding unit at Tuticorin would expand the company’s market share in the southern market: “We are leaders in Andhra and Telangana. In Tamil Nadu we have about seven percent market share and in Karnataka, it is about five to six percent. This plant would help strengthen... |
Oficemen: full-year cement demand in Spain expected 3% down20 December 2016, Published under Cement NewsCement demand in Spain edged up 0.6 per cent YoY in November to 1,008,191t, according to the country's cement association, Oficemen. In the January-November period, consumption fell three per cent YoY to 10.336Mt. The association expects full-year domestic cement sales to be down three per cent when compared to 2015. "The electricity price has risen more than 80 per cent from April to October and leaves us at the edge of the abyss in the international markets," explains the CEO of Oficeme... |
China Resources Cement and BBMG sign strategic co-operation agreement20 December 2016, Published under Cement NewsChina Resources Cement said it has entered into a strategic co-operation agreement with BBMG Corporation. The parties will jointly explore the Chinese and overseas markets and further promote the advancement of the technology as well as the transformation and upgrade of the cement industry. Both companies will establish a market communications mechanism to strengthen the sharing of market information and experience in production, technology and business management on a regular basis, w... |