Cement News tagged under: Weekly Newsletter
Iran’s output surpasses 29Mt in first five months04 September 2014, Published under Cement NewsIran’s cement output totalled 29.504Mt in the first five months of the current Iranian calendar year beginning 21 March 2014, the country’s Mehr News Agency reported. During the period, clinker production reached 32.378Mt. Of the total, some 23.351Mt was supplied to the domestic market. In the fifth calendar month alone (23 July – 22 August), cement and clinker production totalled 5.608Mt and 6.6Mt, respectively. In the previous Iranian calendar year, the country produced 69.68Mt, expo... |
Heracles profit lifted by exports, demand pick up01 September 2014, Published under Cement NewsGreece-based Heracles General Cement Co reported a 9.3 per cent YoY increase in sales for the first half of 2014 to EUR123.4m. At the parent company level, sales reached EUR110.4m, up by eight per cent. In an announcement, Greece's largest cement producer said the stronger sales performance was boosted by "increased export activity and stronger domestic demand from low levels.” It added that: "After five years of continuing recession in the domestic market, sales were positively affecte... |
Semen Indonesia Myanmar investment delays01 September 2014, Published under Cement NewsSemen Indonesia may have to postpone expansion into Myanmar until next year due to prolonged negotiations with its local partner, a company executive told the Jakarta Post. Finance director Ahyanizzam said that despite a suitable partner having been found, discussions regarding the ownership of the joint venture have not proceeded as expected. "We initially planned to enter Myanmar to become a major shareholder in a joint venture and acquire a company. We've found a suitable partner but neg... |
Unicem kicks off Mfamosing expansion project01 September 2014, Published under Cement NewsThe groundbreaking ceremony for United Cement Co of Nigeria’s (Unicem) new 2.5Mta line at its Mfamosing works took place on Tuesday, 2 September 2014 in the presence of the country’s president Goodluck Jonathan. Speaking at the ceremony, the president said: “Today’s event by UniCem is yet another milestone for the company, the industry and the nation at large as this event brings additional 2.5Mta to the nation's existing capacity. The new line, which will add to Mfamosing’s existing 2.... |
Pakistan's export earnings down by one-third29 August 2014, Published under Cement NewsDuring the first month of the new Pakistan fiscal, cement exports declined by 30.31 per cent YoY to 557,159t, with shipments to Afghanistan falling significantly. In revenue terms, exports were down by 33.68 per cent to US$32.59m during the same month, according to the latest data from Pakistan’s Bureau of Statistics. Exports earnings also declined in Pakistan rupee terms by 33.55 per cent to PKR3.216bn during July 2014, Similarly, the average export price of cement dropped 4.84 per cent t... |
Colombian monthly demand jumps 8.1%29 August 2014, Published under Cement NewsColombian cement consumption increased 8.1 per cent to 1.059Mt in July 2014 when compared with the same month a year ago, according to the country's statistics office, Dane. The rise has been attributed to a stronger demand from retail outlets and concrete companies. Increases were strongest in Huila (+25.6 per cent), Bolívar (+17.3 per cent), Cundinamarca (+16.2 per cent) and Antioquia (+9.8 per cent) while Córdoba saw demand fall by 25.4 per cent. Grey cement production in Colombia t... |
Dalmia plans merger of listed cement units27 August 2014, Published under Cement NewsIndia-based Dalmia Group is considering merging its two listed cement units, OCL India and Dalmia Bharat, according to local press reports citing sources with knowledge in the matter. Following the merger, the swap ratio wil favour shareholders of OCL India, reports India Investment News. As part of the restructuring process, Dalmia Bharat also aims to merge its unlisted subsidiary Dalmia Bharat Enterprises into itself. Private equity firm Kohlberg Kravis Roberts owns a 14.5 per cent stake... |
Shree Cement to acquire Jaiprakash grinding unit26 August 2014, Published under Cement NewsShree Cement has entered into an agreement to buy Jaiprakash Associates 1.5Mta cement grinding unit in the Panipat district of Haryana state in north India. The proposed sale is subject to approval of the lenders of Jaypee Associates and other concerned authorities. HM Bangur, managing director of Shree Cement, said he expects the due diligence process to be completed in two weeks.He told local media that a "shortage" of grinding units within the company' portfolio and projected domest... |
Vietnam: double-digit uptake in domestic sales25 August 2014, Published under Cement NewsVietnam producers sold 4.42Mt of cement to the domestic market in July, up 12 per cent from the previous month and 14 per cent from the same period a year ago, the Vietnam Cement Association said. Exports totalled 1.15Mt, comprising 363,603t of cement and 754,962t of clinker – up 31 and nine per cent MoM, respectively. By the end of July, Vietnam reported 560,000t of cement and 1.87Mt of clinker inventories. The association anticipates that the country's cement sales will dip this mont... |
China Shanshui Cement 1H hit by lower prices25 August 2014, Published under Cement NewsChina Shanshui Cement Group Ltd announced its unaudited interim results for the six months ended 30 June 2014 which saw softer demand and lower average selling prices dent profitability. During the reporting period, the Group's revenue reached CNY7349m (US$1.19bn) while gross profit was CNY1534m. Profit attributable to equity shareholders amounted to CNY168m with basic earnings per share reaching CNY0.06. During the period under review, cement sales rose six per cent YoY to 24.36Mt and sh... |