Cement News tagged under: international

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Bihar demand surges, India

01 June 2010, Published under Cement News

A stable state government, large-scale rural infrastructure activity and increased demand from home builders have transformed Bihar into one of the fastest cement markets in the country.   Cement consumption has surged as much as 35% in 2009-10 after being stagnant between 2006 and 2008 and having had a 13% rise in 2008-09, companies operating in the market said.   Neeraj Akhoury, senior vice-president (sales) at Lafarge India, said year-to-date growth has been faster than that seen last yea...

BBMG to buy stakes, assets from parent, affiliates

01 June 2010, Published under Cement News

Chinese building materials producer BBMG Corp said Monday it will acquire stakes in cement plants and building materials firms and related assets from its parent and affiliates for a total of CNY2.65bn.   BBMG, the largest cement supplier in Beijing by sales, said in a statement it will acquire stakes in 16 firms and land use rights to two sites in Beijing.

SA demand on track for 50% rise mid-decade - report

01 June 2010, Published under Cement News

Increased government spending for infrastructure, numerous projects planned by public corporations, low-cost housing projects, and revived residential construction are factors likely to spur cement demand in South Africa over the next few years, according to Frost & Sullivan’s Production and Investment Analysis of the South African Cement Industry.   The report finds that total cement demand in South Africa, which was 14.9Mt in 2008, could reach 23.1Mt in 2015. Market segments covered in the...

Indian cement prices likely to fall

01 June 2010, Published under Cement News

Cement prices in India are likely to fall by INR3-INR5/50kg bag due to excess supplies in the market, a senior trade official said Wednesday. "There is a lot of oversupply in the market, which is putting pressure on prices," said the official, who keeps a close watch on price trends. Cement companies have aggressively added capacity over the past few years. While demand too has risen, there is still plenty of capacity to spare. The official said the pressure on prices is less in eastern I...

Dominican Republic: 10% rise in exports this year

01 June 2010, Published under Cement News

Dominican Republic’s cement market continues its sustained growth by supplying the local demand and in exports to the Virgin Islands, Jamaica, and Haiti as well. Added to the growth expectations in local consumption volume, cement makers also forecast a 10% climb in exports this year, as the result of its installed capacity and the constant search for new markets. Dominican Republic exports 30% of its annual cement production, of around US$140m, which generates at least 3,000 jobs, accor...

Scheifele to inaugurate Bangladesh grinding unit

31 May 2010, Published under Cement News

Dr Bernhard Scheifele, chairman of the managing board of HeidelbergCement Group, is scheduled to arrive in Dhaka, Bangladesh today, says a statement from the company. He will be inaugurating HeidelbergCement Bangladesh’s the third grinding unit in Patenga in Chittagong. After the third grinding unit joins operations, the production capacity of the company’s Chittagong plant will reach up to 2100tpd.

Confirmation of board change at Boral

31 May 2010, Published under Cement News

In July 2009, Boral Ltd announced that Dr Ken Moss would retire as chairman of the board in May 2010. The company has now confirmed that Dr Moss has retired (31 May), with Dr Bob Every assuming the role of chairman of the board. Dr Every joined the Boral board in September 2007 and was appointed deputy chairman in November 2009. The plant, located about 250km south of Dar es Salaam, will have a capacity of 300,000t[a, he said. Source: Bloomberg  

Cementos Molins mulls new investments in Uruguay

28 May 2010, Published under Cement News

Spanish cement company Cementos Molins is studying the option to boost its investments in Uruguay along with Brazilian sector player Votorantim, local press reported CEO of Cementos Molins, Joan Molins, as saying. “We also mull over new projects in Brazil,” Molins added. In 2010, Cementos Molins expects to book a profit of EUR 67m (USD 82.1m), in line with the figure registered at end-2009. Abstracted from Cinco Dias

Summit Materials majority investment in Continental Cement

28 May 2010, Published under Cement News

Heavy Building Materials company Summit Materials LL, today announced a majority investment in Continental Cement Company, USA. Continental’s new state-of-the-art cement manufacturing and waste processing facilities are located in Hannibal, Missouri, 100 miles north of St Louis. With distribution terminals in St Louis, Missouri and Bettendorf, Iowa, Continental supplies cement to customers in Missouri, Iowa and Illinois. Cement has been manufactured at the Hannibal site since 1903. Conti...

Çimsa seeks to invest abroad

28 May 2010, Published under Cement News

Turkish cement producer Çimsa is planning to shift its investments to a new facility abroad due to overcapacity in Turkey’s cement industry. The company, a subsidiary of Sabancı Holding, has a 6Mt production capacity at its four facilities in various provinces and is now seeking new investments abroad, according to Mehmet Hacıkamiloğlu, general director of Çimsa. “From now on, Çimsa is focusing abroad,” he said. “As Çimsa, we can establish a new facility or make acquisitions in the Mediter...