Cement News tagged under: international
Semen Gresik to lead cement holdings22 February 2010, Published under Cement NewsThe Indonesian government has decided to appoint state-owned Semen Gresik Group to head-up a holding company of state-owned cement producers that is expected to enter the local stock exchange later this year. State-Owned Enterprises Minister Mustafa Abubakar said Friday the ministry was in the midst of preparing legal producers for the establishment of the holding company with Semen Gresik as the lead. Previously the government said it was opting between creating a new company to lead al... |
Vietnam to see 13 new operations go on line this year22 February 2010, Published under Cement NewsThe Ministry of Construction and the Vietnam Cement Association have announced that an additional of 13 cement production lines, with a designed capacity of 11.7Mt will be completed in 2010. When these production lines are put into operation, the cement industry will have a total capacity of nearly 70Mta. However, the cement supply will be redundant in the following years as consumer demand is expected to increase by 10-15 per cent this year. |
Japan producers to reduce domestic output 20-30%19 February 2010, Published under Cement NewsJapanese producers are moving to reduce excess production capacity in Japan, with industry leader Taiheiyo Cement Corp and No. 4 firm Ube Industries Ltd planning cuts of 30% and 20%, respectively, The Nikkei reported on Thursday. The Taiheiyo Cement group currently has the capability to produce 25Mta of cement at home. By March 2011 it plans to have slashed that figure by 7Mt, closing or suspending operations at some factories. If it does shut down facilities, it would be the first time si... |
New factory set to be established in Ghana19 February 2010, Published under Cement NewsThe executive director of Adwenpa Construction and Engineering Services Limited, Mr. Julius Kwaku Ankomah on Wednesday announced that a cement factory will soon be constructed at Winneba in the Effutu District of the Central Region. According to Mr Ankomah the plant will have a capacity to produce 3000tpd. Ghana News Agency quoted Mr Ankomah as saying that the cement works, which will be called "Central Region Cement" (CENTROCEM) will be operational next year and that the investors, Sojit... |
Indian cement prices forecast to rise 5%19 February 2010, Published under Cement NewsProducers in north India are likely to hike prices up to 5% or Rs10-12/50kg bag early next month, the second time this year, on the back of robust infrastructure construction. Furthermore, there is a temporary demand-supply mismatch due to shortage of rail wagons. Prices had risen 3-5% in the last one month as top producers reported high demand for cement. “Demand for cement from infrastructure sector is growing annually at 15%, which is causing prices to move upwards. Also, some new capaci... |
Lafarge reports fourth quarter loss19 February 2010, Published under Cement NewsLafarge reported a loss in the fourth quarter as construction in Europe and the U.S. struggled to recover, and predicted a rebound in its markets this year. The net loss was EUR38m (US$51.1m), compared with net income of EUR40m a year earlier, the company said in a statement today. Full year 2009 sales were down 17% to €15,884m (-14% on a like-for-like) while current operating income was down 30% to €2,477m. Net income Group share declined by 54% to €736m while net debt reduced by €3,089m... |
First Tarmac disposals agreed19 February 2010, Published under Cement NewsIn 2009, Tarmac generated a turnover of US$2,870m (€2,106m), a reduction of 34.8%, and an EBITDA 35.9% lower at US$313m (€230m). At the trading level, the profit fell by 55.9% to US$101m (€74m), with like for like profits being down by 71% in Great Britain, on the back of volume reductions in the region of 24%, and by 52% elsewhere. Capital expenditure was 9.3% lower at US$88m (€65m). Tarmac sold 70.44Mt of aggregates last year, a reduction of 24.3%. Deliveries of ready-mixed concret... |
Cement demand in Egypt defies the odds19 February 2010, Published under Cement NewsShowing a 20% growth in demand last year – higher than China’s 16% growth and India’s projected 11% increase – the Egyptian cement industry continues to surprise. Even taking a more measured view, Egypt’s annual domestic cement growth of just over 14% for the past five years signifies a well-founded industrial base, set around favourable demographics (some 83 million people) and high activity levels in government-supported infrastructure, local construction projects and strong new housing d... |
Jakarta still mulling merger of two state cement makers18 February 2010, Published under Cement NewsIndonesia’s state enterprises ministry is still studying the merging of cement maker PT Semen Kupang with PT Semen Gresik to save the company, Mustafa Abubakar said. "The merger plan still has to be studied again as there are still problems to be solved," the state enterprises minister said here on Tuesday after visiting PT Semen Gresik. He said it was still too early to merge the two state-owned companies as PT Perusahaan Pengelola Aset (PPA) is still restructuring PT Semen Kupang. The P... |
Cementos Progreso inaugurates US$23.2m lime plant18 February 2010, Published under Cement NewsGuatemalan cement firm Cementos Progreso inaugurated its new lime plant in northeastern El Progreso department, the energy and mining ministry said in a release. The expansion of the plant cost US$23.2m. "This will allow us to double our lime production from 180,000tpa to 360,000tpa," the company’s lime unit manager Peter Klose was quoted as saying by local paper Siglo XXI. The plant was expanded to meet growing demand, both in the national and international markets, said Klose. The Guat... |