Cement News tagged under: international
Indian cement industry registers 6.34% growth in February12 March 2010, Published under Cement NewsAfter a continuous growth of over nine per cent since November 2009, the Indian cement industry registered its lowest growth rate for the second half of the current financial year in the month of February 2010. Experts expected a double-digit increase in February, but the industry only managed a 6.34 per cent growth in the month against 8.3 per cent growth in the previous year. Even on a month-on-month (MoM) basis, the growth is half of January’s 12.8 per cent rise. Overall dispatches stoo... |
EAPCC to source clinker supplies, Kenya12 March 2010, Published under Cement NewsDelays in the construction of a new kiln line have forced the second- largest cement manufacturer in Kenya to put out a tender for the supply of clinker, an important ingredient in cement production. East Africa Portland Cement Company (EAPCC) says it requires 140,000t during its 2010/11 financial year. Last year, EAPCC embarked on the construction of a new clinker line that was intended to increase production capacity to about 900,000tpa. Its existing kiln, built in 1996, has a design cap... |
Indonesian producers oppose power price hike plan12 March 2010, Published under Cement NewsIndonesian business groups came out against the government’s plan to raise electricity rates by an average of 15 per cent, arguing that the increase would hurt manufacturers, the Jakarta Globe reported here on Friday. Urip Timuryono, chairman of the Indonesian Cement Association (ASI), said domestic industries needed to become more competitive, and the rate hike would harm this effort. "In the midst of dealing with the ACFTA, an increase in electricity tariffs is a heavy burden on our indu... |
Carib Cement to continue recording loss11 March 2010, Published under Cement NewsAfter recently releasing less than positive financial results, the management of Caribbean Cement Company Limited says it expects more challenges in the medium-term, according to local press reports. Competition from dumped cement and the downturn in the construction sector are some of the factors which Anthony Haynes, General Manager Caribbean Cement Company, says continue to have a dampening effect on the company’s performance. "The market is very, very soft and the situation is pretty t... |
BBMG to set up two joint ventures11 March 2010, Published under Cement NewsBBMG Corp announced that it plans to spend a total of RMB240m (US$35m) to set up two cement joint ventures, one in Lan County, Shanxi Province and one in Jiaozuo, Henan Province. The Hong Kong-listed firm will hold an 80% stake in each of the two JVs. The plants are expected to have an output of around 1.85Mt and will gain limestone reserves of about 57Mt. In mid-February BBMG announced it is to spend a total of RMB506.7m to acquire controlling stakes in three Beijing firms from Lafarge... |
Egypt delays decision on cement licence cancellation11 March 2010, Published under Cement NewsEgypt has postponed until next Tuesday a decision on whether to either reinstate or confirm the cancellation of two cement licences, a government official and a cement executive said. "The meeting has been postponed until Tuesday next week," said Amr Assal, head of the Industrial Development Authority. The delay was confirmed by the chairman of North Sinai Cement, one of the two firms awaiting the decision. The licences of El Wadi Cement and North Sinai Cement, two of six awarded in 2007,... |
Cemex plant adding 6.6MW to national grid10 March 2010, Published under Cement NewsVenezuela’s state cement producer Cemex is adding around 6.6MW of capacity to the country’s national grid, state distribution company Cadafe said in a statement. The cement firm has 72MW of installed capacity at a six-turbine thermo plant in the Pertigalete region of Anzoátegui state. The company needs 52MWof capacity to power its own operations and turned on the sixth turbine at the plant to supply power to the national grid. Areas of Anzoátegui state receiving power from the plant includ... |
High eastern India demand lures producers10 March 2010, Published under Cement NewsLured by a higher demand in the country’s eastern region, leading cement players in India’s other parts such as ACC, Dalmia and Binani Cements are expanding their presence in West Bengal, Jharkhand, Bihar, Chhattisgarh and Orissa. India’s eastern markets have recorded a 24% growth in demand in April-December, more than double of the national average of 11%. This spurt in demand may pull up cement prices in the region, while other parts of the country are expected to face over-supply this ye... |
Iran cement output increases10 March 2010, Published under Cement NewsIran produced over 47.44Mt of cement in the first 11 months of the current Iranian calendar year (started March 20, 2009). This translates into a 17 per cent YoY increase, the Mehr News Agency reported. Some 62.84Mt of clinker was also produced, 15 per cent more than the year before. Iran currently produces some 65Mta of cement. |
Torah Cement sees 23 per cent rise in profit10 March 2010, Published under Cement NewsEgypt’’s Torah Cement posted a 23 per cent rise in 2009 net profit to E£341.7m, the stock exchange said on Tuesday. The firm made a net profit of E£277.2m in 2008. Government stimulus spending on infrastructure and growing demand for housing helped fuel a 25 per cent rise in cement demand last year, with total production topping 50Mt. Torah is a subsidiary of Egypt’’s largest listed cement maker, Suez Cement, which posted a 25 per cent rise in 2009 net profit last month, driven by higher ... |