Cement News tagged under: international
India cement dispatches: healthy demand07 December 2009, Published under Cement NewsFor November 2009, cumulative dispatches of nine cement companies, which control about 55 per cent of the market, were up 11 per cent YoY. While demand from government-sponsored infrastructure projects as well as rural and semi-rural regions were some positives, shortage of railway wagons and monsoons in certain markets weighed negatively on dispatches. The trend in dispatches at the company level, thus, showed a mixed trend. The Aditya Birla group, comprising Grasim and UltraTech Cement, ... |
IMF Executive Board Concludes 2009 Article IV Consultation with Eritrea07 December 2009, Published under Cement NewsOn December 7, 2009, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the State of Eritrea.1 Background Eritrea’s economic performance has weakened since the last consultation discussions held in January 2008. A series of exogenous shocks have taken a heavy toll on an already stretched economy. First, Eritrea experienced a severe drought in 2008, which resulted in a harvest that was one-fourth of that of the previous year, and necessit... |
Peat mining saves Cimerwa06 December 2009, Published under Cement NewsRwanda’s sole cement manufacturer CIMERWA is set to benefit from peat mining, a venture that has been undertaken by Rwanda Investment Group (RIG). This was established following the successful testing of the energy source as an alternative to the high cost fuel which has been predominantly used in the production of cement. Peat which has been appraised as a competent alternative energy to replace the high cost and ever fluctuating Heavy Fuel Oil (HFO), is currently mined at Gishoma in Ru... |
Cemex opens new terminal, Latvia04 December 2009, Published under Cement NewsOn December 3, Cemex officially opened its new cement import-export terminal in Liepāja, Latvia which will allow the company to increase cement exports next year by up to 80% of the total volume produced. The official opening was attended by the Minister of Transportation of Republic of Latvia Kaspars Gerhards, the State Secretary of Ministry of Economy of Republic of Latvia Anrijs Matīss, Head of the City Council of Liepāja Uldis Sesks, management of CEMEX, LM Osta, Latvian Railways, LDz... |
China cement sector outlook will improve FY1004 December 2009, Published under Cement NewsDeutsche Bank says slowing FAI growth in China next year doesn’t mean weaker cement demand; instead, believes Chinese cement supply/demand outlook will improve in FY10, driven by on-going infrastructure construction (many projects already running behind schedule), further recovery in real estate investment. House expects more old cement capacity to be closed, thus incremental demand will outpace supply additions, leading to better cement pricing outlook; tips cement price will rise 5% in FY1... |
Harsh conditions will persist through 2010, USA04 December 2009, Published under Cement NewsAlthough recent economic news and activity may suggest a technical end to the "Great Recession," the conditions facing the construction industry are likely to remain weak for another year or more, causing a drag on cement consumption, according to the most recent economic forecast from the Portland Cement Association (PCA). PCA expects 2009 will represent this recession’s trough for United States’ total cement consumption - reflecting a 26.6 percent decline from weak 2008 levels. A modest f... |
Copenhagen and the European cement industry04 December 2009, Published under Cement NewsOn 7th December, the world’s nations will come together in Copenhagen to discuss the future climate strategy. The potential consequences are immense, but there remains huge uncertainty as to the outcome of the meeting. Recent developments have seen Europe commit to more stringent targets to reduce emissions by at least 20% below 1990 levels by 2020, and by 30% provided that other developed countries, namely the US, commit themselves to comparable emission reductions. For European industry,... |
Indocement to spend IDR1.4trn on two factories, Indonesia03 December 2009, Published under Cement NewsPublicly listed PT Indocement Tunggal Prakarsa plans to spend IDR1.4trn investment on two cement factories, which will be realised during 2010-2013. The company plans to build two cement factories in Citeureup, West Java, and Tarjun, South Kalimantan, each of which is estimated to require IDR700 billion to make. "We will develop a cement mill in Citeureup with an annual capacity of 2.0-2.5Mt. The projects will start construction next year and will require 1 year- 1.5 years to realize," sai... |
LafargeCement acquires Chernomorskiy Cement03 December 2009, Published under Cement NewsLafargeCement, OJSC (formerly Voskresensktsement OAO) has acquired 100% stake in Chernomorskiy Cement LLC, a non-metallic mining company. Both the companies are based in Russia. |
UAE cement import falls on excess stock03 December 2009, Published under Cement NewsCement imports into the UAE have dropped significantly, due to the drop in prices of locally produced material and excess stock. Producers and traders in the UAE say they are preparing for more tough times ahead, as they continue to remain clueless about the future course of the construction sector. Cement in the UAE is currently sold between Dh190 and Dh210 /t and a 50kg bag is sold at Dh12.50. Rajesh Bhatia, Managing Director of Rashidco Cement Company, a supplier of cement and wood mate... |