Cement News tagged under: international
Saudi firms set to launch cement factories in Yemen03 December 2009, Published under Cement NewsThree Saudi firms are working on the final arrangements for launching three cement factories in Yemen at a cost of US$760m, the September 26 website reported. The investments will be commissioned in December this year and the first quarter of next year in the provinces of Hadramout and Abyan in the south. The plants will produce 4.180 tons of cement a year. One of the plants is to be launched by the Arabian-Yemeni Cement Company in Mukalla city in Hadramout this month. The plant is deemed ... |
Cemex expects 4Q loss from Australia sale03 December 2009, Published under Cement NewsCemex said on Wednesday it sees a US$446m loss from the sale of its Australian assets and could also challenge a Mexican tax reform in the courts. "As a result of the sale of our Australian operations we expect to record an extraordinary loss of 6,021 million pesos (US$446m) in the fourth quarter of 2009," the company said in a filing to the U.S. Securities and Exchange Commission. Cemex weighed down by falling sales and US$15bn in debt, sold its Australian operations to rival Holcim for ... |
Shiva raising funds for expansion, India03 December 2009, Published under Cement NewsRourkela-based Shiva Cement is raising nearly INR80 crore through bank loans to part finance its INR165-crore expansion plan which aims at nearly quadrupling capacity to 2.3Mt. Chairman and managing director RP Gupta said IDBI Bank would provide the loan in a few months. The company would mobilise another Rs 85 crore to finance the expansion programme, he added. Of this, the company would raise Rs 50 crore through an equity instrument, while country’s largest cement maker ACC, which holds 1... |
Indian firms begin raising prices again03 December 2009, Published under Cement NewsA second wave of cement price rises in India is likely within a fortnight, say industry watchers. After “bottoming out” during the second half of the year, the commodity’s prices seem back on track, with a series of hikes expected in the coming two months. There have already been two prices hikes within a week. After prices were up by Rs 5-10 for a 50 kg bag in the last week of November in western and southern India, prices rose by Rs 8-11 a bag in the Mumbai region yesterday. Stockists and... |
Jaypee Group plans 12Mta cement projects in Gujarat03 December 2009, Published under Cement NewsJaiprakash Associates Limited (JAL) has chalked out plans to set up three cement plants in Gujarat with an overall capacity to produce about 12.2Mta. For this, the company is likely to invest close to over INR6500 crore over the next few years. The company is considering to join hands with Gujarat State Mineral Development Corporation (GMDC) as developer for setting up a mineral special economic zone in Kutch. Meanwhile, Jaypee has already firmed up its plans to set up a large cement plant ... |
Indonesian cement consumption set to rise03 December 2009, Published under Cement NewsIndonesian cement company PT Indocement Tunggal Prakarsa expects the country’s domestic cement consumption to grow six per cent in 2010, finance director Christian Kartawijaya said on Wednesday. "We see cement demand is really good, particularly in the fourth quarter," he said to local reporters. "We previously forecast -6-7 per cent, -2 per cent, and now we expect year-end to be flat. That shows that Indocement predicts an improving condition. National cement consumption will grow 5-6 per ... |
Cemex to officially open new terminal, Latvia02 December 2009, Published under Cement NewsCemex is set to officially open its new terminal at the Port of Liepaja in Latvia on December 3 2009. The new terminal and the related infrastructure are intended to create new opportunities for the sale of Latvia-produced cement abroad. The terminal, , in which Cemex invested EUR 7.2m, will allow the company to ship around 550,000t to its customers. |
Jaiprakash Gujarat plant inaugurated, India02 December 2009, Published under Cement NewsChief Minister of Gujarat Narendra Modi inaugurated Jaiprakash Associates’ cement plant in Gujarat. As well as incorporating state-of-the-art technology, cement plant will also have an emergency backup of 35 MW DG power as a 100% captive thermal power generation plant will generate 22MW in the first phase and 50MW in the second phase. Mr Modi dedicated the Jaiprakash Associates’ 2.4Mta cement plant in Sewagram, Kutch, Gujarat in the presence of other dignitaries, to the nation. Jaiprak... |
India Aditya Birla cement shipments up 15.3 per cent YoY02 December 2009, Published under Cement NewsIndia’s Aditya Birla Group said on Tuesday cement shipments in November rose 15.3 per cent from a year earlier to 2.93Mt from a year earlier. Aditya Birla last month said it was combining its cement operations under group firm UltraTech Cement to make India’s No.1 cement firm. Rival Indian cement maker ACC, in which Holcim holds more than 46 per cent, said on Tuesday shipments in November fell to 1.66Mt from 1.73Mt a year earlier. Earlier, No. 3 Indian cement maker Ambuja Cements, which i... |
USA: Long-term demand could spell 100Mt domestic shortfall02 December 2009, Published under Cement NewsAlthough United States’ cement consumption is expected to decline to 75Mt in 2009, compared to near record 2005 levels of 128Mt, a recent PCA Economic Research 25-year forecast cites market factors that could propel domestic powder demand upwards of 192Mt by 2035. One of the more startling aspects of this outlook is that consumption trends appear to spell trouble, with both short- and long-term production shortfalls expected. Climate change legislation, plant emissions regulations, and sust... |