Cement News tagged under: international
Czech 1Q cement production falls22 April 2010, Published under Cement NewsFirst quarter 2010 output from Czech Republic cement plants last year stood at 390,434t, a 28 per cent decline on the year earlier according to figures from the Czech Cement Association. Domestic cement sales fell 32 per cent to 334,571t. Exports decreased by 35 per cent to 47,203t. Jan Hrozek, chairman of the Ceskomoravsky cement company attributes these figures to a combination of the economic crisis and unfavourable weather. “Lower demand for construction work, difficult access to ban... |
Siam Cement Group on track for growth target, Thailand22 April 2010, Published under Cement NewsSiam Cement Group (SCG) of Thailand expects its building materials business to achieve its forecasted 5-10 per cent growth this year, showing little impact from prolonged political unrest. The overall building materials market expanded by 4-5 per cent in the first quarter, thanks to the government’s economic stimulus project said Kajohndet Sangsuban, president of SCG Distribution Co. Although Bankgkok’s economy and the tourism sector have been badly hurt by red-shirt rallies, provincial m... |
Japanese cement sales continue to decline22 April 2010, Published under Cement NewsDomestic cement sales in Japan fell 11.6 per cent on the year to 3.51Mt, extending the extent of its decline to 34 months, the longest in history, the Japanese Cement Association reported. The previous record was a 33 month run from 2002 to 2004 when then-Prime Minister Junichiro Koizumi slashed public works. “We don’t see capital investment coming and the YoY losing streak will continue in the fiscal first half,” an association official said. The revised building standards law and... |
SCH restores inland freight subsidy scheme, Pakistan21 April 2010, Published under Cement NewsThe Sindh High Court (SCH) has restored the government’s inland freight subsidy scheme for cement manufacturers. The court also ordered the inclusion of names of Lucky Cement and Attock Cement of the scheme. |
Indian cement demand showing signs of weakness21 April 2010, Published under Cement NewsCement demand in India is showing signs of weakness for the second month in a row. Cement despatches grew by 8.4% (YoY) in March 2010, slightly higher than the near 7% growth which was witnessed in February. While these figures look impressive, they are they represent over a four point drop from the 12.6% growth witnessed during Dec-Jan FY10. Overall, for the fiscal ended March 2010, the industry registered a 10.3% growth in despatches YoY. According to data from Cement Manufacturers’... |
First quarter growth for Indonesian sales20 April 2010, Published under Cement NewsIndonesia cement sales rose 17.72 per cent to 9.74Mt in the first quarter of this year from 8.27Mt in the same period last year. The surge reflected recovery of the market from last year’s slump brought about by global economic crisis in 2008, analysts said. The highest increase was recorded in February when sales shot up 19.72 per cent to 3.16Mt from 2.64Mt a year earlier, data from the association of cement producers showed. In the first quarter of 2009, companies operating in the prope... |
Lafarge sees Morocco cement market growing20 April 2010, Published under Cement NewsMorocco’s cement market will pick up strength this year after a weak first quarter which saw sales falling because of disruptions caused by flooding and bad weather, the head of the Moroccan subsidiary of Lafarge said on Monday. Morocco has experienced a construction boom in recent years as the government initiated the construction of new roads, rails and ports, and drew record foreign investment in hotels and resorts to cater to increasing numbers of tourists. Domestic demand has risen by... |
Dangote plans Sierra Leone operations20 April 2010, Published under Cement NewsAlhaji Aliko Dangote, founder and chairman of Nigeria-based Dangote Industries, plans to open cement and flour factories in Sierra Leone’s port in the capital, Freetown. Dangote would import raw materials and ship the bulk of the finished product as exports, should his company be granted licences, he said at a presentation in Freetown. The Sierra Leone Port Authority is in the process of selling the state-owned port. |
Vicat adds to Indian portfolio20 April 2010, Published under Cement NewsFrance-based Vicat SA has bought a 51 per cent stake in Hyderabad’s Bharathi Cement Corp, promoted by YS Jagan Mohan Reddy, a Congress legislator and son of former Andhra Pradesh chief minister YS Rajasekhara Reddy. Vicat, in a statement on Monday announcing the stake purchase, did not disclose the purchase prices. However, M Ravinda Reddy, director of marketing of Bharathi Cement said recent deals involving other Indian cement firms had been struck at US$230/t of capacity. Bharathi expect... |
Egyptian government plans to issue new licences20 April 2010, Published under Cement NewsThe Egyptian Government has announced that it plans to issue eight licences for cement plants this year, Trade and Industry Minister Rachid Mohamed Rachid announced. Egypt’s moves to boost its cement production sector are motivated by the robust growth of its construction sector, despite the global downturn. With the eight new cement licenses, Egypt aims to increase its cement production capacity to 80Mta from the present 50Mt. The bidding process for eight additional production licen... |