Displaying items by tag: GCW304
Austria: Scheuch Group says that it completed its 2016 – 2017 fiscal year with an order intake over Euro200m, it’s highest incoming order value ever since the company was founded in 1963. The air and environmental engineering company intends to set up a branch office in Germany concentrating on the metal industry and to strengthen the links between its two new subsidiaries in the US.
India: 15 companies have expressed interest in building cemeunt plants near to NTPC’s power stations. The electricity generation company sought cement producers in early 2017 to submit expressions of interest for partnerships to build 1Mt/yr cement plants, according to the Mint newspaper. NTPC wants its partners to sign long-term agreements with it to exclusively use fly ash and electricity from its power plants. The company has declined to name the companies that have expressed interest in the scheme. However, the power plants it wants to set up cement plants near include Barh, Farakka, Bongaigaon, Dadri, Badarpur, Moda and Aravali Power.
Egypt: Egyptian Cement has started negotiations to secure a US$221m loan to finance the construction of its first cement plant in Sohag province. The cement division of Egyptian Group is dealing with a consortium comprising the National Bank of Egypt, Banque Misr, CIB and Arab African International Bank, according to the Al Mal newspaper. The total cost of the new 2Mt/yr plant is estimated at US$276m. Egyptian Group’s chief executive officer Ahmed Abu Hashima set up Egyptian Steel in 2010.
Japla plant to reopen in Jharkhand
26 May 2017India: Jharkhand Chief Minister Raghubar Das has reassured the people of Palamu that the Japla cement factory, which has been closed for many years, will be reopened soon. Das said that talks have been completed with the Steel Authority of India Ltd (SAIL) with respect to handing over of the limestone mines to Jharkhand State Mineral Development Corporation to serve the Japla Cement Factory. He added that reopening of the factory would provide employment to thousands of people.
Philippines: Holcim Philippines has said its production capacity is expected to reach 10Mt/yr by the end of the first half of 2017, with company COO Sapna Sood stating that this would be achieved by ‘debottlenecking’ existing facilities following a US$40m project that started in 2015.
“We have a project where we are looking at safety and debottlenecking that is near completion,” said Sood. “When we look at the country, the infrastructure that is coming in and the commitment that we are making to infrastructure, it is pretty exciting for the country and the industry.”Sood added that, while the company had no immediate plans to build a new cement plant, Holcim Philippines planned to offer various solutions to help in the implementation of various infrastructure projects.
The total demand for cement in the Philippines reached 26.0Mt in 2016, up from 24.4Mt in 2015, although the final quarter of 2016 and first quarter of 2017 have been subdued.
Holcim Philippines operates four cement plants in La Union, Bulacan, Misamis Oriental and Davao.
US: The Portland Cement Association’s (PCA) Chief Economist Ed Sullivan has said that he expects US cement consumption to grow by 3.5% in the remainder if 2017 and 2018, based on analysis of data and policies likely to impact the industry in the coming years. Speaking before the IEEE-IAS/PCA Cement Conference in Calgary, Alberta, Canada, Sullivan said that, while details on specific federal US policies are not yet fully available, the association is forecasting growth in the years ahead using conservative baseline estimates for factors such as infrastructure spending and tax reform.
“While fiscal stimulus will boost cement consumption, there are other economic indicators that will temper growth,” said Sullivan. “Infrastructure policies also take time to implement, so you could be looking at 11 - 22 months before new projects truly get underway.”
“Tax reform will also influence cement consumption because it drives consumer spending and confidence that play heavily with the housing sector,” noted Sullivan. “When you hire a worker, you hire a taxpayer,” Sullivan said, adding that additional funds generated from consumer taxes and spending will help drive moderate growth in public construction and housing markets. “The underlying fundamentals supporting economic growth are positive, though we’ll maintain a watch on how the US Government addresses possible inflation and immigration,” Sullivan said. “This confidence in stable, sustained growth in cement consumption is likely to be unchallenged through 2018.”