Cement News tagged under: Weekly Newsletter
Holcim, Cemex Europe deal to be examined21 October 2013, Published under Cement NewsEU antitrust regulators will assess a bid by Cemex to acquire Holcim's cement operations in Spain following a request from Spanish authorities, the European Commission said. Cemex and Holcim announced plans back in August this year to exchange some assets and combine others in Germany, Czech Republic and Spain to boost profit amid tough conditions in the European construction sector. The Spanish part of the deal involved Cemex and Holcim combining all their cement, ready-mix and aggregate... |
Dangote plans to enter Niger market18 October 2013, Published under Cement NewsDangote Cement plans to spend US$350m to build a new cement in Niger as part of the its African expansion drive. Speaking to press following a meeting with Niger President Issoufou Mahamadou on Wednesday, Aliko Dangote, stated: "I announced to the head of state my intention to build a cement plant worth US$350m which will produce 1.5Mta." "The realisation of this project will create 6000 to 7000 jobs," he added. He said the plant would produce its own electricity with an anticipated sur... |
CRH opens regional headquarters in Singapore17 October 2013, Published under Cement NewsCRH announced the official opening today of its regional headquarters in Singapore, to oversee the expansion of its existing interests in India and China, and to pursue further development opportunities in the wider Asia region. Commenting on the opening, Ken McKnight, President of CRH Asia said:“ The opening of our regional headquarters in Singapore today marks a further step in the evolution of CRH and an important catalyst for growth in Asia in the medium term. CRH entered the China ma... |
China: new measures to curb overcapacity16 October 2013, Published under Cement NewsChina has announced new plans to curtail overcapacity that is persisting in a number of sectors and is offering fiscal incentives to encourage the removal of obsolete capacity. New projects will be banned in sectors experiencing overcapacity including the cement, steel, aluminium, glass, and shipbuilding, and new fiscal incentives will be provided to encourage companies to phase out extra obsolete capacity on top of the original goals by 2015, the State Council said in a statement dated 6 ... |
Brazil sales edge ahead 2.3%, Jan-Sept15 October 2013, Published under Cement NewsBrazilian cement sales in the first nine months of 2013 totalled 52.4Mt, a rise of 2.3 per cent on the same period of last year, latest data from Sindicato Nacional da Indústria do Cimento shows. Third quarter sales rose by 3.8 per cent to 18.8Mt, compared to 2.8 per cent growth in the same quarter of 2012. However, this is slower than the 4.8 per cent YoY growth seen in the second quarter of 2013. Cumulative sales over the last 12 months (October 2012-September 2013) reached 69.5Mt, an... |
AVIC raises stake in KHD, buy-out offer14 October 2013, Published under Cement NewsChina-based AVIC International Holdings Ltd said it will boost its holding in KHD Humboldt Wedag International AG and make a buy-out offer. The Shenzhen-based company will buy 19 per cent of KHD from 12 sellers for EUR61m (US$83m), increasing its stake to 39.03 per cent, according to a Hong Kong stock exchange filing yesterday. MFC Industrial Ltd. is one of the companies disposing of KHD shares. In 2010, KHD launched a strategic partnership with CATIC Beijing Co. Ltd, a subsidiary o... |
Semen Indonesia sees robust sales rise14 October 2013, Published under Cement NewsSemen Indonesia has announced that its sales increased to 18.5Mt in the first nine months of the year, 15.6 per cent higher than the same period of last year including a notable rise in exports. Most sales derived from holding company Semen Indonesia (9.5Mt), followed by its subsidiaries Semen Padang (5Mt) and Semen Tonasa (3.95Mt). Sales increased by 17.5, 6.6 and 24.2 per cent respectively compared to the January-September period of 2012. Semen Indonesia exported as many as 268,200t,... |
PCA: political risks could derail US recovery11 October 2013, Published under Cement NewsUS economic growth and employment levels continue to improve and PCA forecasts that this trend will carry on through 2013. However, the association warns that domestic political risks do have the potential to undermine this improvement. A recent article by the PCA notes that the Federal government shutdown (depending on its duration), along with long-term debt ceiling and budget sequestration actions could present near-term weakness. In terms of construction, the residential market is heal... |
Indonesia sales growth slows, Jan-Sept10 October 2013, Published under Cement NewsIndonesian sales growth has slowed over the first nine months of this year despite hitting a monthly record in September. Data from the Indonesian Cement Association (ASI) showed that domestic sales totalled 41.58Mt between Jan-September 2013, an increase of 5.3 per cent compared to 39.48Mt in the same period of last year. The YoY growth in the first nine months was lower than the 7.5 per cent growth recorded in the same period of last year. It was also slower than the 5.7 per cent adva... |
Vietnam sees double-digit rise in 9M13 sales10 October 2013, Published under Cement NewsVietnam sold 44.4Mt of cement in the first nine months of this year, representing an increase of 12 per cent YoY, the Building Materials Department under the Ministry of Construction has said. The total amount sold also included 10Mt of cement and clinker exports. At present, the industry has around 2.6Mt of unsold products, mainly clinker, including 1.2Mta of cement and clinker from the Vietnam Cement Industry Corp (Vicem). The department also said it expects the retail price of ceme... |