Cement News tagged under: international
China: Ministry urges restructuring of cement industry30 November 2009, Published under Cement NewsMinistry of Industry and Information Technology (MIIT) will encourage big enterprises’ mergers and acquisitions (M&A) and restructuring of the cement industry, it said in an circular. Meanwhile, a group of new policies to support M&A will be introduced. Redundant construction in cement industry is very serious, said the ministry. Capacity of China’s cement industry totaled 1.87 billion tons in 2008, and 1.4 billion tons were produced. By the end of September 2009, newly-established and on-g... |
Kolkata firm to set up cement plant in Meghalaya, India30 November 2009, Published under Cement NewsCity-based GNG group, which is engaged in international trading, mining and power projects, is setting up an integrated cement plant with an annual capacity of 1Mt in Meghalaya, a top company official said. Called Green Valley Industries, the Rs.450-crore project will be commissioned by March 2011, said GNG chairman G.N. Agarwal. ’Within the next four-five years, we plan to create a capacity of 3Mt of clinker and grinding,’ Agarwal told reporters at a press meet. ’Our present project will... |
Nigeria Minister forecasts 2013 self-sufficiency30 November 2009, Published under Cement NewsNigeria’s Minister of Commerce and Industry, Chief Achike Udenwa has forecasted that the country will become self sufficient in cement production by the year 2013. The Minister made the disclosure when he received in audience the country Manager, LafargeCement Nigeria, Mr. Jean Christophe Barbant when he paid him a courtesy visit. The Minister pointed out that government has granted many incentives to local producers of Cement such as appropriate pricing of LFPO, banning of importation of ... |
RRA to probe cement quality, Rwanda30 November 2009, Published under Cement NewsRwanda Revenue Authority (RRA) is investigating the quality of imported cement after it was revealed the same kind of cement was being sold at different market prices. The tax department is investigating the cases in conjunction with the Rwanda Bureau of Standards (RBS). Speaking to The New Times, the Director of Revenue Protection Department, Seth Muhirwa, said the most targeted product is Hima Cement that is imported from neighouring Uganda which is mainly sold in Nyabugogo. "An investi... |
Thai cement-makers expect rise in demand30 November 2009, Published under Cement NewsThailand’s cement consumption in 2010 is forecast to pick up slightly from 24Mt this year thanks to the government’s construction projects and the economic recovery. This is a good sign for the industry because domestic cement consumption has continually declined since 2006. Despite the expected increase next year, cement demand still accounts for only half of the country’s cement production capacity of 55 million tonnes per year. "We forecast that cement consumption will surge by 5-7 per ... |
Electricity price hikes in Lithuania to push up production costs30 November 2009, Published under Cement NewsAkmenes Cementas one of the biggest industrial consumers of electrical energy in Lithuania, will see its costs jump by LTL7m (EUR 2m) due to a hike in electricity prices early next year, the daily Lietuvos Rytas reported on Friday. "The arithmetic is simple: we need 123kWh of electricity to produce a ton of cement. If the price of electricity next year goes up by 0.05 litas, the production cost will rise by 6 litas per ton, and if the price goes up by 0.10 litas, it will rise by 12 litas. ... |
Algerian state to boost presence in cement sector30 November 2009, Published under Cement NewsAlgeria is to consolidate its state-owned cement plants into a national entity which will challenge Lafarge for its share of the market and later expand abroad, a government minister said. The holding will invest 180 billion Algerian dinars (US$2.413bn) to nearly double annual cement production in the next three years, the official APS news agency quoted Industry and Investment Promotion Minister Hamid Temmar as saying. At the moment, Algeria’s 12 state-owned cement plants produce about 11... |
Cement sales in Spain continue their dramatic decline30 November 2009, Published under Cement NewsEconomic conditions have dramatically impacted cement consumption in Spain. In 2008 demand declined 24% and during the first 9 months of 2009 demand has dropped a further 35.4% according to the Spanish Cement Association. Stimulus funds to reactivate the construction sector have been ineffective and there are still close to 1.5 million excess homes in Spain, which will not be absorbed until 2016. According to industry players, cement demand will decline a further 10-15% next year. In Ju... |
Cimsa announces 3Q profit, Turkey29 November 2009, Published under Cement NewsTurkish cement producer Cimsa has announced profit of TL34.7m for the third quarter of 2009. A statement released by Cimsa, a Turkey’s manufacturer of cement, clinker and ready-mixed concrete, said on Tuesday that the company increased its profit by 57 per cent in the third quarter of 2009 when compared to the same period last year. Cimsa’s turnover has become TL460m and net profit has become TL75m in the first nine months of 2009, the statement added. |
Indonesia’s Semen Gresik plans US$400m capex in 201027 November 2009, Published under Cement NewsIndonesia’s largest cement producer PT Semen Gresik Tbk plans capital expenditure of US$400m in 2010 to help cover the cost of building new factories, President Director Dwi Soetjipto said on Thursday. Semen Gresik has planned capex of US$1.2bn for 2009-2014 to cover the construction of new factories in Java and Sulawesi, a power plant in Sulawesi, and to improve efficiency. The 2010 spending is included in that amount. Soetjipto told reporters the firm would fund the 2010 capex from its i... |