Cement News tagged under: international
Egypt cement price rise21 January 2010, Published under Cement NewsPrices in Egypt increased between LE15 and LE22 on Wednesday. Suez Group, Egypt’s largest cement producer, raised its prices from LE500 to LE522 per ton in Cairo and to LE542 in the provinces. Meanwhile, Misr-Beni Suef raised prices by LE15 per ton, Ameriyah and Lafarge Cement by LE20 per ton, and Assiut Cement and Titan by between LE15 and LE20 per ton. According to Mohamed Abu Shadi, head of the Trade Ministry’s internal trade department, companies attribute the price increases to rising... |
Chile: Melon investing US$70m21 January 2010, Published under Cement NewsCementos Melon is planning investments to the tune of US$70m in 2010, according to general manager, Jorge Eugenin. Resources will be directed to the unit in Ventanas and to the opening of two new facilities. |
US housing starts fall, new building permits up21 January 2010, Published under Cement NewsNew U.S. housing starts unexpectedly fell in December, pulled down by a drop in construction activity for single-family dwellings, a government report showed on Wednesday. The Commerce Department said housing starts fell four per cent to a seasonally adjusted annual rate of 557,000 units. November’s housing starts were revised upwards to 580,000 units from the previously reported 574,000 units. The drop in housing starts was likely the result of unusually cold weather last month. Groundbre... |
Eagle Cement plant to begin commercial production21 January 2010, Published under Cement NewsIn a bid to help address supply problems in the market, Philippine cement manufacturer, Eagle Cement Corp (ECC), will start commercial production in the next two months. ECC, a cement producer believed to be owned by businessman Eduardo Cojuangco Jr., will start operating its PHP6.73bn plant in Bulacan by March, Board of Investments (BOI) managing head Elmer Hernandez said, quoting an official of ECC. Hernandez said the company will be able to supply the market an additional 1Mt of cement ... |
Ministry of Construction drafts new cement industry development plan21 January 2010, Published under Cement NewsThe Ministry of Construction is drafting the country’s cement industry development plan until 2015 with a view to 2025 to submit to the Government in late March. The draft is the fourth development plan adjusted for the industry within the past 12 years. The latest plan until 2010 with a view to 2020, which had been approved a few years ago, proved unworkable as domestic cement supply exceeded demand earlier than expected. After many years suffering from a cement shortage, the industry for... |
Dangote cement local production to hit 20Mt this year20 January 2010, Published under Cement NewsDangote Group is set to produce 20Mt of cement this year, thereby reducing Nigeria’s dependence on imports. In pursuance of this, it has invested a further $3.5 billion into expansion of its Obajana Cement Plant operations as well as the construction of a new plant in Ibese, Ogun State. According to a statement made available to BusinessDay, the investment was applied towards construction of the cement factories by Sinoma. The Group said that the sum of $3.5 billion was made up of a loan of... |
Cheetah Cement project in jeopardy, Namibia20 January 2010, Published under Cement NewsThe first cement production project in Namibia ever to hit the headlines after independence, Cheetah Cement, is about to fall through as partners have, up to now, failed to raise the necessary capital to bring the project on-stream. The two Namibian businessmen behind Cheetah Cement are frustrated and accuse local financial institutions and authorities of “supporting foreign [owned projects] while neglecting local businesspeople”, according to reports from New Era. Local businessmen, Peter... |
Contributions to Haiti relief efforts20 January 2010, Published under Cement NewsCementos Argos has expressed its solidarity with the people of Haiti, saying the company has taken immediate action to attend the basic necessities of the people and families linked to its subsidiary Cementerie Nationale SEM (CINA) The cement plant, located 25km from the capital Port-au-Prince, does not appear to have suffered any structural damage. It has an installed cement capacity of 600,000tpa. Colombia-based Cementos Argos has been a shareholder in the unit since 1999 with a 65 per ce... |
Decision on Holcim New Zeland plant expected by year-end20 January 2010, Published under Cement NewsHolcim (New Zealand) Ltd is still expected to make a decision by the end of this year on whether to build a $400m cement plant in the Waiareka Valley near Weston. Its capital projects manager, Ken Cowie, expects a report to go to the New Zealand board of directors towards the middle of this year, after which it will decide whether to recommend to its parent board in Switzerland that the project go ahead. In December, the New Zealand board approved further investigations into the project af... |
Votorantim eyes Cimpor minority stake, not takeover20 January 2010, Published under Cement NewsBrazilian conglomerate Votorantim said it has been in talks with Cimpor since 2008 about taking a minority stake, but is not considering a takeover bid right now. Cimpor is the target of a hostile takeover bid from Brazilian steelmaker CSN, which last month offered to buy at least 50 per cent at 5.75 euros a share, valuing the company at EUR3.86bn. Votorantim issued the statement in response to market regulator CMVM’s request for an explanation after a newspaper reported on Monday that Vot... |