Cement News tagged under: Weekly Newsletter
Aditya Birla Group bids for Lafarge, Holcim units22 October 2014, Published under Cement NewsIndia's Aditya Birla Group submitted bids on Monday to buy Holcim and Lafarge assets. UltraTech Cement and other Aditya Birla Group companies have put in bids for Lafarge and Holcim plants in Brazil and the Philippines, valued at US$1.4bn. The group had started operations in the Philippines several years ago and earmarked Brazil as a key place for expansion three years ago. "Aditya Birla group will be unable to bid for assets carved out of the Lafarge-Holcim merger in some of the mark... |
Cembureau voices concern over EU GHG targets21 October 2014, Published under Cement NewsOn 23-24 October the European Council will decide on the 2030 climate and energy framework, including targets for GHG emissions reduction, renewables and energy efficiency. The targets are expected to impose a 43 per cent cut for ETS sectors, placing a significant additional burden on these sectors when compared with non-ETS sectors, which have a 30 per cent reduction target, according to Cembureau, the European cement association. The association further says that the targets “do not... |
Thailand: Siam Cement suffers market dip21 October 2014, Published under Cement NewsThai domestic cement demand dipped around three per cent YoY in 3Q14, as no new infrastructure projects broke ground during 9M14, while many old projects were completed, claims the Nation paper. The weaker demand probably squeezed the ex-factory price by THB25-50/t QoQ to THB1925-1950/t (US$59.60/t to US$60.40/t) in 3Q14, which would be flat YoY. Sales of building materials in Thailand are likely to have declined by as much as eight per cent YoY in 3Q14, due to weak consumption, particul... |
Italcementi completes Devnya modernisation17 October 2014, Published under Cement NewsItalcementi has completed the modernisation of its Devnya cement plant in Bulgaria, taking the plant’s capacity to 1.5Mta and employing best available technology. “With one of the largest investments made in the country over the past 25 years, we have helped to make our business more efficient from an industry perspective and aligned with best available techniques to protect the environment. The new facility will allow us to respond appropriately to the demands of both the domestic market a... |
Spain: September demand up 6.1%16 October 2014, Published under Cement NewsIn September, Spain’s cement consumption rose 6.1 per cent YoY to 959,150t, according to the latest figures issued by Oficemen, the country’s cement association. Spain’s cement market saw demand drop by one per cent to 8,079,653t in 9M13 and as a result of the recent figures, Oficemen’s economic research department forecasts a one per cent drop in full-year consumption for 2014. "The industry recovery is still far off. It is necessary that the administration’s budget department is ser... |
Holcim breaks ground on Timaru terminal16 October 2014, Published under Cement NewsHolcim has hosted the official groundbreaking ceremony for its new cement import terminal at the Port of Timaru. Member of Parliament for Rangitata, Hon Jo Goodhew planted a tree to celebrate the groundbreaking. The old silos have already been demolished by PrimePort and the site is clear for construction to begin on the new import terminal. The company has all the approvals required and continues to work closely with PrimePort and the Timaru District Council Holcim’s managing director, ... |
Vicem Jan-Sept sales edge ahead15 October 2014, Published under Cement NewsState-owned Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, said it sold 16.14Mt of cement and clinker in the first nine months of this year, up 1.6 per cent from a year ago. Of the total, 13.7Mt of cement and clinker were sold in domestic market, down 4.7 per cent YoY, while 2.43Mt were exported, up 61 per cent. In the third quarter, the corporation’s cement and clinker output rose 1.5 per cent YoY to 5.3Mt, of which 4.74Mt were sold in domestic mark... |
Savannah lines up new capacity investments14 October 2014, Published under Cement NewsSavannah Cement, one of Kenya's newest market entrants, is set to build two new plants as it nears exhaustion of its current capacity, managing director, Ronald Ndegwa, said. The company has previously said it is to invest around US$250m for a clinker plant at its Athi River factory to reduce reliance on imported clinker. The 1.5Mta clinker facility will complement the existing 1.5Mta grinding unit. Mr Ndegwa said the company will also invest in a second mill to support existing operations... |
Two Conch subsidiaries hit September highs13 October 2014, Published under Cement NewsAnhui Conch Cement Co Ltd reported that output and sales of its major subsidiaries hit record highs in September. The company's Foshan subsidiary in south China's Guangdong province saw daily sales exceed 10,000t for five consecutive days in September, with average daily sales stablising at 8000t, according to a Xinhua-run cnstock.com report. Conch claimed that the subsidiary's September output, sales, clinker cement outturn all hit new highs in 2014, with output and clinker cemen... |
Indonesian Jan-Sept demand up 3.4% YoY10 October 2014, Published under Cement NewsIndonesian cement demand in the first nine months of 2014 rose by 3.4 per cent YoY to 42.993Mt, latest data from the Indonesia Cement Association (ASI) reveals. Strong gains have been seen in the past months. During September alone, sales increased by 5.7 per cent to 5.632Mt, compared to 5.329Mt in the same month of last year. However, while the the fourth quarter is traditionally strong as large-scale projects need to be completed by year-end, industry commentators caution that demand ma... |