Cement News tagged under: international
Market improvements in Indonesia08 January 2010, Published under Cement NewsAlthough Indonesian cement consumption was hit by falling demand in 2009, down by 1-2 per cent over the previous year according to industry estimates, the outlook now looks very promising with a growth of 6.5 per cent being mooted for 2010. Recent pronouncements from industry leader Semen Gresik suggest substantial improvements, with Gresik’s investor relations manager, Agung Wiharto reporting that signs of growth were first noted back in October, when a monthly consumption of 3.79Mt was up ... |
Thai firms gearing up for mega-projects07 January 2010, Published under Cement NewsConstruction firms have set aside working capital, made internal improvements and implemented material-price management in preparation for bidding on large-scale infrastructure projects this year. The projects, including mass-transit electric-train lines and construction jobs under the Thai Khemkhaeng (TKK) scheme, are good news for a construction industry still hurting from the economic downturn. The improving economy, boosted by stimulus projects to be launched this year, will lift the i... |
Ministry blocks new cement plants, Vietnam07 January 2010, Published under Cement NewsThe Ministry of Construction has asked the people’s committee in five cities not to approve any more cement plants until 2020 because of ample supplies. Vietnam had 97 cement plants in December with capacity of producing 57.4Mta. Another 13 plants with a total 11.7Mt capacity will open this year exceeding demand by an estimated 2Mt. More cement projects have already been approved for the following years with 12 with total capacity of 9.35Mt in 2011, and seven in 2012 adding an additional 6... |
Athi River Mining to raise funds for expansion, Kenya07 January 2010, Published under Cement NewsAthi River Mining Limited is planning to raise KES1.2bn (US$15m) in the second quarter of the year to help fund its expansion plans. Sources familiar with the deal told the Business Daily that ARM has invited a select group of advisors- among them investment banks and corporate lawyers to guide it through the bond issuance process—set for between April and June this year. ARM’s managing director, Mr Pradeep Paunrana, confirmed that the firm is turning to the bond market, but added that the... |
Lafarge commissions second line at Sonadih plant07 January 2010, Published under Cement NewsLafarge India has commissioned the second clinker line at its existing Sonadih cement plant located at Balodabazar in Raipur district. The new line will have a capacity 1.6Mt of clinker and will more than double the production of the existing Sonadih plant. The plant currently produces 1.4Mt of cement. At a function yesterday in Sonadih, about 80km from here, Chhattisgarh Chief Minister Dr Raman Singh commissioned the second clinker line. Chairman and Chief Executive Officer of Lafarge gr... |
Indian units to add 43Mt capacity by March 201107 January 2010, Published under Cement NewsThe Indian cement industry, which witnessed a double digit despatch growth in December 2009 and an overall growth thanks to infrastructure and real estate projects, is set to add 43.2Mta capacity during the next 15 months (January 2010 to March 2011). South India, which has already started feeling the heat of oversupply, will add the maximum capacity of 17.6Mt during that period. The next in line is the northern region, which will add 9.6Mt. The western, central and eastern regions will add... |
India cement prices surge down south06 January 2010, Published under Cement NewsIndian cement prices, which saw their steepest fall in the last few months of last year, are now seeing a recovery. Leading the upmove is the southern region, which had seen the biggest drops. In Chennai, cement prices have shot up by INR 30 in the last three weeks and are set to go up by INR10-15 more from January 15 or 16, dealers said. “The builder price is Rs 165-170 for Grade-A cement players and wholesale is at INR 190-220 per 50kg bag. Retail is around INR 210-220 depending upon the... |
CRH sees pretax profits fall, trading conditions to remain difficult in 201006 January 2010, Published under Cement NewsCRH yesterday hiked its cost-savings targets as it signalled pre-tax profits fell 54 per cent to €750m last year and warned that trading conditions would remain difficult in 2010. "Trading conditions remain difficult and the timing of any sustained pick-up in developed world construction demand is unclear," the Dublin-based company said in a trading statement on Tuesday. But chief executive Myles Lee told analysts in a conference call that he has €1.5bn of firepower to carry out deals over... |
India Cement sales firms up on realty, infra push06 January 2010, Published under Cement NewsThe December quarter witnessed a healthy performance by the cement companies in terms of production and sales figures and this indicates that the industry could witness a strong demand from the realty and infrastructure sectors in the remaining period of this fiscal. Ambuja Cement, the third-largest cement maker, reported a rise of four per cent in dispatch to 17.29 lakh tonnes in December compared to a year-ago period. The production also surged to 17.37 lakh tones as against 16.28 lakh to... |
Saudi reimposes customs duty on cement imports06 January 2010, Published under Cement NewsSaudi Arabia has re imposed 5% customs duty on steel rebars and cement imports except those coming from GCC countries after a temporary exemption that lasted for two years. This decision was circulated to all Saudi border ports for implementation as of the beginning of 2010. Saudi Arabia had prior to that approved a cut in customs duties on steel since April 2004 from 20% to 5%. GCC had also approved to duty exemptions on steel and cement imports two years ago, hence becoming totally duty f... |