Cement News tagged under: international
Philippine association: ‘No cement shortage’10 December 2009, Published under Cement NewsThere is no cement shortage in the country even if demand for the item continues to pick up, the local cement industry assured the public on Thursday. Ernesto Ordoñez, Cement Manufacturers Association of the Philippines president, said the surge in demand had made it appear like there is tight supply for cement. But there is no reason to be worried, he pointed out. “The line is longer for trucks [at cement plants] because the demand is higher now than last year. Another thing is that there... |
Polish regulator imposes record fines10 December 2009, Published under Cement NewsPoland’s antitrust regulator (OCCP) imposed record fines on the Polish units of CRH and Cemex as well as four other cement producers for fixing prices and market shares. The watchdog fined the six a total of PLN411.6m (EUR99m). The other companies are Gorazdze Cement SA, a unit of Germany’s HeidelbergCement AG; another German cement maker, Dyckerhoff AG; and Polish producers Cementowania Warta SA and Cementowania Odra SA, the regulator said in a statement before a press conference in Warsaw.... |
South Korea company to establish cement factory, Ghana10 December 2009, Published under Cement NewsThe South Korean Company, which is to undertake the multi-billion 200,000 housing project in Ghana is making another huge foray into the housing sector. This time round, the company is seeking to establish a cement factory to complement its real estate outlay, estimated to be worth 10 billion dollars over a five-year period. Mr Albert Abongo, Minister of Water Resources, Works and Housing, disclosed this to the Ghana News Agency in Accra on Saturday after leading a government delegation to... |
India: cement cemand to keep pace with rising capacity09 December 2009, Published under Cement NewsDespite a rise in capacity, cement players are expecting that capacity utilisation will not be adversely impacted, due to rise in demand, according to a report in Business Standard of India. An extra capacity of 8-10Mt is expected to come on-stream in the next two-three months. Yet, industry players expect the average capacity utilisation will rise from 79 per cent to 80-81 per cent by March. On an average, cement prices in the first quarter of 2010 may also go up 5-10 per cent. According ... |
Bayao Horta resigns from chairman post in Cimpor’s shareholder09 December 2009, Published under Cement NewsThe chairman and CEO of Portuguese cement producer Cimpor, Ricardo Bayao Horta, resigned from the position of chairman in Atlansider SGPS SA, which is a shareholder in Cimpor. The resignation was filed on November 2 with immediate effects, Cimpor said on Monday in a filing to Portugal’s national bourse regulator CMVM. As a result, Atlansider remained related only to Cimpor’s board of directors member Jose Enrique Freire Arteta, Cimpor added in the paper. |
EPC Yemeni subsidiary launches production, Saudi Arabia09 December 2009, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPC) said today that Saudi Yemeni Cement Co Ltd, in which it owns 30%, had started trial production at its plant in Mukalla, southern Yemen. The plant will have an production capacity of 1.2Mta of clinker and 1.26Mt of cement. Most of the plant’s output will be sold on the domestic market, the rest will be exported to neigbouring countries. |
Pak investing in Sri Lanka joint venture09 December 2009, Published under Cement NewsPak cement industrialist has planned to invest PKR10bn (US$120m) to build a plant in Sri Lanka besides catering to local market the plant will also supply cement to India and Bangladesh The factory may have a capacity to produce as much as 2Mt of cement and will be built in partnership with state owned Sri Lanka Cement Corp. This follows recent moves such as a joint venture between DG Khan Karachi & state owned Sri-Lanka plants and yet another joint venture signed by Lucky Cement in Egypt/A... |
Fitch rates India’s Century Textiles short tem debt program09 December 2009, Published under Cement NewsFitch Ratings has today affirmed India’s Century Textiles and Industries Ltd’s (CTIL) National Long-term rating at ’AA-(ind)’ with a Negative Outlook. Fitch has also assigned a rating of ’F1+(ind)’ to the company’s proposed INR3bn commercial paper/ short-term debt issuance. |
Dalmacijacement renamed "Cemex Croatia"09 December 2009, Published under Cement NewsDalmacijacement is a holding company primarily engaged - through its operating subsidiaries - in the production, distribution and marketing of cement. It has been a subsidiary of Cemex for the last five years. The company’s renaming is in line with the global renaming of all companies in the group with the name "Cemex". Cemex Croatia head Trpimir Renic assured that it will not affect employees or their clients and partners in any way. Renic said: "Our company is a great exporter in the re... |
Benue Assembly investigates sale, Nigeria08 December 2009, Published under Cement NewsThe Benue State House of Assembly has declared its readiness to instigate a thorough investigate into the manner in which the Benue Cement Company, Gboko, was sold to Dangote Company Plc in July, 2006. Already, all parties involved in the sale have been ordered to appear before the state House of Assembly in a forth night. The management of Benue Cement Company, Dangote Company Plc; Benue Investment and Property Company, BIPC, Mr. John Tine, Joe Abaagu as well as Mr. Geoffrey Agernor are e... |