Cement News tagged under: international
European construction output declines for third month20 January 2010, Published under Cement NewsEuropean construction output dropped for a third month in November as declines in France and Spain offset rebounds in Germany and Portugal. Construction in the 16-nation euro region fell 1.1 percent from October, when it dropped a revised 0.4 percent, the European Union’s statistics office in Luxembourg said in a statement today. From a year earlier, November output decreased 8 percent. European builders have cut spending and output after the worst global recession in more than six decades... |
PCA: stable housing prices, low of inventory levels needed for recovery20 January 2010, Published under Cement NewsDespite recent data suggesting increased sales activity, foreclosure improvement and inventory reduction, the environment for a sustained improvement in single-family starts activity may not be as positive as it seems. According to a recent report by the Portland Cement Association (PCA), homebuilders are unlikely to accelerate construction activity until two critical conditions are met - low inventory levels of unsold new homes and stable or rising home prices. "Currently, with housing pr... |
China’s development maintains momentum19 January 2010, Published under Cement NewsSince this year, China’s cement industry has maintained favorable development momentum with stable economic operation in the mass, but the problem of surplus capacity is relatively prominent. Currently, besides maintaining growth momentum, what must be done is to pay more attention to structural adjustment and the transform of development modes, and take such works as restraining surplus cement capacity and repeated construction as the focus of structural adjustment. Recently, China Cement ... |
New plant set to boost Beichuan reconstruction, China19 January 2010, Published under Cement NewsAs demand for raw construction materials still continues to grow in the earthquake-hit Beichuan county, part of Sichuan province, at least part of the solution is set to be provided earlier this month opening of a new cement facility - the single largest industrial project to be undertaken in the area. The cement plant, designed to have a daily production capacity of 4800t, has been developed by the China United Cement Corp (CUCC), the nation’s second-largest cement manufacturer. The compan... |
Egypt’s Citadel forms power venture for Sudan cement plant19 January 2010, Published under Cement NewsTaqa Arabia has agreed to form a US$67m joint venture with ASEC Cement, both subsidiaries of Cairo-based Citadel Capital , to generate power for a cement plant in Sudan, Citadel said in a statement. The Berber for Electrical Power venture, announced on Sunday, will have a capacity of 42 megawatts and supply a 1.6Mta greenfield cement plant near Fahalb. The cement plant is a subsidiary of ASEC Cement, itself a subsidiary of private equity firm Citadel Capital. "This agreement is the first ... |
Cyprus cement sales fall 25.8% in 200919 January 2010, Published under Cement NewsCement sales in Cyprus fell 25.8% in 2009, according to the latest figures from the Statistical Service. Total sales locally reached 1.44Mt, down from 1.94Mt in 2008, reflecting the downturn in the construction sector. Bulk sales of Portland composite were down 21.4% to 709,960t, while sales of ordinary Portland cement were down 34.9% to 378,043t. Production of cement saw a similar fall, dropping by 22.6% to 1.48Mt. One bright spot was that from zero in 2008, there was a small amount of e... |
Binani Cement looks to Africa for growth19 January 2010, Published under Cement NewsBinani Industries is placing its bets firmly on the emerging African continent as the next growth area as demand for cement remains subdued in Dubai. The company had recently ramped up cement production capacity at its Dubai unit from 0.5Mt to 2Mt, but demand has fallen on the back of the global financial crisis. "There has been a 15 per cent drop in cement prices at Dubai over the last two months," Vinod Juneja, managing director Binani Group of Industries told Hindustan Times. Juneja add... |
Votorantim to join Cimpor battle?19 January 2010, Published under Cement NewsA third Brazilian company, Votorantim, plans to join steelmaker CSNand construction group Camargo Correa in a fight for Cimpor, a Portuguese newspaper said on Monday. Jornal de Negocios business newspaper said, without naming its sources, that Votorantim had hired Deutsche Bank to prepare a bid, which is likely to target a minority stake in Cimpor, and hired lawyers in Portugal to provide legal advice. Cimpor is the target of a hostile takeover bid by CSN, which last month offered to buy a... |
UAE cement output likely to increase by 19%19 January 2010, Published under Cement NewsThe UAE’s cement capacity will increase by 19 per cent in 2011, according to a latest Global Investment House (GIH) report. "UAE’s current cement capacity at 34mtpa (20mtpa of listed cement manufacturers and remaining of the unlisted cement companies) is expected to increase to 40.6mtpa (24.5mtpa of the listed and 16.1mtpa of the unlisted companies) by 2011. Such a growth in capacity would give rise to multiple problems provided economic revival comes up with the continuation of the big tic... |
Cement firms to buy power plant coal ash, Philippines19 January 2010, Published under Cement NewsCement companies in Cebu are interested in buying coal ash that will be produced from the coal-fired power plant in Toledo City as soon as the plant goes into full operations. CEDC president Jesus Alcordo said that as negotiations are still ongoing, they cannot reveal yet what companies have extended their interest on buying their coal ash but assured that negotiations are going well. “It is very positive so far,” said Alcordo who added that this will also help not just the companies but a... |