Cement News tagged under: international
Sagar approves merger of Amareswari Cements25 January 2010, Published under Cement NewsSagar Cements has informed that the board of directors (BOD) of the company has accorded its in-principle approval for the merger of Amareswari Cements, belonging to its promoter group, with Sagar Cements and to appoint necessary agencies like independent valuers, merchant bankers, etc, for the purpose. The merger is subject to various statutory and other approvals and the formalities required to be complied with in connection there with. The board has also decided to divest Sagar Cement’... |
Davenport to shut permanently, USA25 January 2010, Published under Cement NewsCemex announced that it will permanently shut down its Davenport cement plant and quarry on Santa Cruz County’s North Coast. The factory, which has been in operation for 133 years, had closed temporarily in March 2009 because of the weak national economy. Company officials said the plant would re-open when the demand for cement improved, but notice given to employees today indicates otherwise. "Unfortunately, market conditions have not improved and the company has made the very difficult d... |
Egypt trade ministry rejects price increase25 January 2010, Published under Cement NewsThe Egyptian government has rejected an attempt by the cement industry to raise prices based on sustained high demand, according to news reports. The Ministry of Trade and Industry issued a "warning," according to ministry official Hesham Ragab, against potential increases. Rising prices have elicited complaints from the public in the past. In addition, efforts to maintain Egypt’s position as a competitive cement producer likely prompted authorities to keep the price low, explained Ismail ... |
Egypt cement makers back down on price rise-agency22 January 2010, Published under Cement NewsTwo Egyptian cement makers backed down from increasing their prices after the government warned them against it, the state news agency MENA quoted a Trade Ministry legal consultant as saying on Thursday. Egyptian media earlier said Suez Cement, one the country’s largest producers, was planning to raise the price per tonne by E£22 to E£455. Amreyah Cimpor Cement Co, a subsidiary of Cimpor, was also reported to have planned an increase. "Both the Suez Group and Amreyah Cimpor Cement Co., in... |
Fitch: outlook for Indian cement industry22 January 2010, Published under Cement NewsFitch Ratings has today said, in a just published Special Report, that it expects the 2010 outlook for the Indian cement sector to be Stable to Negative as overcapacity risks loom large in the wake of record high capacity additions (especially in south and north India) and given the significant decline in prices in H209. However, the agency expects strong demand growth of between 10%-11% in 2010, with signs of recovery already having emerged from November 2009; however a slower-than-expecte... |
UAE markets: a challenging scenario?22 January 2010, Published under Cement NewsThe recent glitzy opening of the world’s tallest building, the Burj Khalifa in Dubai, more news of massive debt rescheduling by Dubai’s Arab leaders and now confirmation that the regional UAE cement capacity will increase by a further 19 per cent by 2011, all set the scene for the forthcoming Cemtech Middle East Conference & Exhibition to be held in Dubai between 13-16th February with over 200 international industry experts in attendance. What will they learn? Well, local cement capacity ... |
Indian railway ministry may raise freight rates21 January 2010, Published under Cement NewsThe Indian railway ministry is planning to hike the transport costs for bulk commodities, including cement, iron ore, coal and steel, following a revival in the economy. The Railways had not hiked rates last year to provide relief to the slowdown hit Indian industry. An announcement to this effect is expected in the Railway Budget 2010-11 , a railway ministry official said. Though the Railways is yet to decide on the exact quantum of hike, another official said that the increase could be as... |
Lafarge Canada Inc. fined21 January 2010, Published under Cement NewsLafarge Canada Inc pleaded guilty to a violation of the Occupational Health and Safety Act (OHSA) that caused the death of a worker. The company was fined $350,000. On August 27, 2008, workers at the company’s cement plant in Ernestown were lining the inside of a kiln with new bricks. While installing bricks on the ceiling of the kiln, workers advanced the rig along the sloping kiln floor and they had to adjust its legs to keep the work platform level. As the rig was being adjusted, its ... |
Indonesia: KPPU scrutinizes suspected cement cartel21 January 2010, Published under Cement NewsThe Business Competition Supervisory Body (KPPU) of Indonesia has started an investigation into an alleged cartel involving eight major cement producers across the country. Spokesman for the anti-monopoly body Ahmad Junaidi said Wednesday the investigation was based on the commission’s monitoring of cement prices during 2009. "Our early findings discovered irregularities in cement supplies," Junaidi told The Jakarta Post. He cited cement producers had not operated at their full capacities... |
Siam Cement sees Thai 2010 cement demand up five per cent21 January 2010, Published under Cement NewsSiam Cement PCL, Thailand’s biggest industrial conglomerate, said on Thursday it expected domestic cement demand to increase five per cent this year as the economy continued its recovery. Demand for building materials had recovered since the fourth quarter, as had demand for packaging material along with a recovery in exports, Kan Trakulhoon, the conglomerate’s president, told reporters. "We believe that the domestic economy will recover this year after we have seen confidence in the indus... |