Cement News tagged under: international
Japan demand falls on public works spending29 January 2010, Published under Cement NewsJapan’s cement demand is believed to have fallen to a 41-year low in 2009 amid curbs on public works spending, the Japan Cement Association said. Demand is expected to have dropped 13.8 per cent from a year before to 44.3Mt, the lowest level since 1968 when demand totalled 45.36Mt, the association said. The figure, which covers both domestic and imported cement, is about half the 1991 peak. Domestic cement accounted for 43.5Mt, down 13.8 per cent. The cement market has been hit hard by a ... |
India’s ACC buys stake in grinding unit29 January 2010, Published under Cement NewsIndian cement maker ACC said on Friday it had acquired the entire stake in Encore Cement & Additives Pvt Ltd, which owns a 200,000t slag grinding unit in south India. The acquisition will help strengthen ACC’s presence in coastal Andhra Pradesh, it said in a statement. |
Sanghi Cement to build US$105m Kenyan plant29 January 2010, Published under Cement NewsIndia’s Sanghi Cement is to build a plant in Kenya in collaboration with local firm Cemtech with a view to supplying the south Sudan market, a government official said on Thursday. Kenyan and Ugandan firms supply most consumer goods and financial services to neighbouring south Sudan. They have been positioning for expansion if the region that is emerging from decades of war cedes from the north at a referendum in 2011. "We need to take advantage of the market in southern Sudan and we need ... |
Recession threatens jobs at Lafarge Dunbar, UK29 January 2010, Published under Cement NewsLafarge cement works in Dunbar plans to implement short-term lay-offs of staff at times of low demand. Cement bosses stress temporary redundancies would be a "last resort" and the radical measure, which has been approved by staff and unions, has been undertaken to cut costs in the face of turbulent economic conditions due to the recession. Staff are also being approached about taking early retirement while a pay freeze will be introduced this year. Works manager Nigel Blair said: "The cem... |
Cemex trading profit halved in 200929 January 2010, Published under Cement NewsCemex 2009 turnover dropped by 27.8% to US$14,544.2m, which represents a 19% reduction on a comparable basis, allowing for divestments. In peso terms, the turnover was down by 12.3%. A substantial part of the sales decline can be attributed to lower volumes and prices in the USA and in Spain. EBITDA fell by 34.9% to US$2657m and the trading profit halved to US$1164.8m. The net interest charge was 9.2% higher at US$993.6m, but a reduction in ’other’ expenses enabled the pre-tax loss to be r... |
TXI quarry expansion permit gets green-light28 January 2010, Published under Cement NewsTravis County commissioners gave the go-ahead for TXI to dig a 2,000-acre sand and gravel quarry in Northeast Travis County. TXI says mining near their production site saves money and provides opportunities for company growth in Central Texas. |
Luquan Dongfang Dingxin Cement acquisition28 January 2010, Published under Cement NewsLuquan Dongfang Dingxin Cement Co has agreed to acquire the cement production line from Beijing Pinggu No. 2 Cement Plant Co a company engaged in the production of cement, for CNY118.62m ($17.35m) in cash. Luquan Dongfang Dingxin Cement is a manufacturer of cement and clinker and a wholly-owned subsidiary of BBMG Corporation. |
Egypt to offer licences for eight cement plants28 January 2010, Published under Cement NewsEgypt will offer licences in the first half of this year to build eight cement factories with capacity of 1.5Mt each, Trade Minister Rachid Mohamed Rachid said on Wednesday. Rachid told Reuters he hoped the new plants would start production in 2014 or 2015, to help meet growing domestic consumption which rose 16 per cent last year. "This created the need for more capacity in the next few years for that," he said in an interview on the sidelines of the World Economic Forum in the Swiss ski ... |
USG books US$97m gain on Lafarge settlement28 January 2010, Published under Cement NewsHaving lost US$581m at the pre-tax level in 2008, it went on to lose a further US$337m last year and USG expects another ’challenging’ year in 2010. Turnover last year fell by 29.8% to US$3,236m, while a modestly positive EBITDA of US$42 was generated, compared with a US$6m loss in the previous year. The balance sheet shows a net debt of US$1,272m compared with shareholders; funds of US$930m. Capital expenditure was cut from US$238m in 2008 to US$44m last year and is set to remain at bel... |
Operational costs force cement prices up, Jamaica28 January 2010, Published under Cement NewsCarib Cement on Wednesday made the announcement pointing out that cement prices will rise by 7.5%. The company says the increase in prices is due to the increase in haulage and fuel costs. Carib Cement those costs increased due to the higher taxes on gasoline and the weight enforcement programme of the government aimed at reducing overloaded trucks. The cement price increase to take effect on Monday is the first one since August 2008 and comes after several price reductions for stock |