Cement News tagged under: international
Peru’s construction, services propel surprising Dec GDP growth16 February 2010, Published under Cement NewsPeru’s booming construction sector--along with strong growth in government and financial services--continue to propel the Andean nation’s gross domestic product, which expanded by a surprisingly robust 6.38 per cnet in December. During full-year 2009, Peru’s GDP expanded by 1.12 per cent, led by a 15.6 per cent increase in government services, while financial services increased 11.4 per cent and construction gained 6.1 per cent, the National Statistics Institute, or INEI, said Monday. |
UAE: MoE will not allow cement price hike16 February 2010, Published under Cement NewsCement manufacturers in the UAE will not be allowed to raise the minimum price of loose cement to AED D220 per tonne and the government will resist any attempt by local factories to fix prices and form trade cartels, a senior official has said. Speaking to Emirates Business, Mohammed Abdulaziz Al Shihhi, Director-General of Ministry of Economy (MoE), said: "We in the ministry realise that cement factories are demanding an increase in prices so they can reduce their losses, especially af... |
India: cement majors in race to retain market shares16 February 2010, Published under Cement NewsIt is a race to retain market share between the top two, the Holcim group companies – ACC and Ambuja Cements – and UltraTech Cement of the Aditya Birla group. The two are now running neck and neck in terms of installed capacity and have outlined plans for significant capacity additions over the new few years. According to information available, ACC Ltd and Ambuja Cements Ltd – in both of which the Swiss cement maker Holcim has a nearly 45 per cent stake – have an installed capacity of abou... |
India: cement companies line up expansion to meet zero per cent growth15 February 2010, Published under Cement NewsThe cement industry is poised for expansion on the back of a reasonable recovery in the domestic economy and demand for cement hitting double-digit growth trajectory. The industry is undergoing expansions worth INR50,000 crore to take the overall capacity to close to 300Mt by 2012. Companies enjoying firm pricing situation of the building commodity say the coming years, too, will see good consumption growth. The profitable period, which started in the middle of the current decade, is the lo... |
India; Gujarat mining policy to perk up cement capacity15 February 2010, Published under Cement NewsThe Gujarat Government’s decision to put its mining policy on the fast track will give a new lease of life to eight cement companies that plan to add 22Mt of capacity. The list includes Reliance Cement, Ambuja, Dalmia, Binani, J.K. Lakshmi and Shree Cement. The Gujarat Mineral Development Corporation (GMDC) has asked for project details of companies that have signed pacts to set up plants during Vibrant Gujarat 2009, said a cement company official. “Most issues regarding the mining lea... |
High capital spending to boost Saudi cement sales15 February 2010, Published under Cement NewsSaudi Arabia’s approval of record capital spending in 2010 will stimulate the domestic economy and allow local cement companies to expand sales and cut swelling stock, the kingdom’s largest bank said yesterday. A decision by the Saudi government to lift a ban on cement exports pushed up sales by the 12 producers in the world’s dominant oil exporter, but increasing output capacity kept cement inventory at high levels, National Commercial Bank (NCB) said in a study sent to Emirates Business. ... |
Canadian Cement Grade Limestone asset acquired12 February 2010, Published under Cement NewsInfrastructure Materials Corp is pleased to announce the acquisition of Canadian Infrastructure Corp. (CIC) a privately held company holding three cement grade limestone properties known as the Dauphin, the Winnipegosis and the Spence Lake properties located in southern Manitoba. The Dauphin property is located 10 km southwest of the city of Dauphin, Manitoba, while the Winnipegosis and Spence properties are located 12 km and 18 km, respectively, southeast of the village of Winnipegosis, M... |
Ghana: more local limestone for Ghacem’s cement production12 February 2010, Published under Cement NewsGhacem Limited is set to receive more local limestone for the production of cement at its plants. This has become possible with the intended commissioning of a Ghacem limestone mining project at Nauli in Western Nzema this May in collaboration with Mutiwall Paper Sacks (MPs) West Africa Limited. In preparation for the venture, Ghacem in collaboration with Multi-walli Paper Sacks West Africa Limited paid about GH ¢40,000 compensation to 27 affected farmers on the 10,00-acre Nauli lands e... |
Ghana: Gomoa to produce local cement by June12 February 2010, Published under Cement NewsThe Minister for Environment Science and Technology, Miss Sherry Ayitey has disclosed that, Ghana will begin a large-scale commercial production of Pozzolana cement at Gomoa near Apam in June 2010, at a rate of 4000 bags per day. This she said will provide the youth with employment, while reducing foreign exchange expended on clinker imports to produce Portland cement, as well as reduce the cost of housing, making housing affordable. Madam Sherry Ayitey revealed this at the Meet-The-Pre... |
To increase quantity of cement works in Kazakhstan is inefficient12 February 2010, Published under Cement NewsIt would be inefficient to increase quantity of cement works in Kazakhstan. First Vice Premier of Kazakhstan, Umirzak Shukeev, informed at a meeting with the heads of the investment projects realized in the Zhambyl area, the agency reports. According to U Shukeev, "those cement works available in Kazakhstan, which will be commissioned this year, will be quite enough." "This year two cement works will be commissioned in Shymkent and two other large cement works in the Zhambyl area: Open Com... |