Cement News tagged: International
Recent capacity additions likely to soften cement prices, India
The Indian cement industry has added close to 15Mta capacity in the last quarter, including 10Mt in March alone, resulting in moves that might bring down cement prices in the near future.
Sri Lanka keen on Birla cement tie to foster competition: minister
Sri Lanka wants to encourage greater competition in local cement production and has given approval for Birla group officials to visit the site of a defunct northern cement plant the Indian group wants
Venezuela Oil Min: some cement companies agree to JVs with state
Venezuela has offered foreign cement companies subject to nationalisation the chance to form joint ventures with the state, and
Semapa 1Q net falls due to lack of one-time gain
Portugal’s Semapa said net profit in the first quarter to March dropped to EUR24.4m from EUR47.2m, due to a lack of the one-time gain booked in the first-quarter of 2007.
Malaysia: slow demand, rising costs to hurt Lafarge
Lafarge Malayan Cement Bhd’s YoY (YoY) cement sales growth rates are expected to decelerate over the remaining months this year,
UltraTech to set up plant in Gujarat
UltraTech Cement, a member of India’s Aditya Birla Group, has announced plans to invest
Bulgaria’s Devnya Cement to invest in capacity upgrade
Bulgaria’s Devnya Cement, part of Italcementi Group, will invest over EUR250m (US$389m) to upgrade its plant,
China: urban development pushes cement demand up
China’s urbanisation, new rural development and infrastructure investment boost the demand for cement in 2008-2010,
UAE cement plants committed to fixed prices
HE Mohammed Ahmed bin Abdulaziz Alshihhi, Under Secretary of the Ministry of Economy, affirmed
Nigeria: oil price responsible for high cost of cement - MD, Sokoto Cement
Managing director of Cement Company of Northern Nigeria (CCNN), Sokoto, Mr Alf Karlsen has
Sibbank to invest in cement plant in Novosibirsk region, Siberia
Construction of a cement plant with an annual capacity of 1.3Mt has begun in Iskitim, the Novosibirsk Region (Siberia).
NTPC mulls entry into cement manufacture with private partners
India’s largest electricity producer, NTPC Ltd, will manufacture cement near six of its power plants through ventures with private firms, said a top official.
Tonasa’s Power plant to be completed early 2010
PT Semen Tonasa is going to start the construction of a 3x15MW power plant in Pangkep,
Taiwan Cement, Asia Cement Set 2007 record high earnings
Investment earnings last year helped Taiwan’s two leading cement producers, including Taiwan Cement Corp. and Asia Cement Corp, set after-tax earnings record highs.
Indonesia’s Indocement Q1 net profit trebles
Indonesia’s second-largest cement maker, PT Indocement Tunggal Prakarsa, reported on Wednesday its first-quarter net profit rose three-fold, helped by better margins.
Siam Cement 1Q net profit down 25% on higher costs
Siam Cement PCL, Thailand’s largest industrial conglomerate, Wednesday reported a 25% fall in the first