Cement News tagged under: international
Pacasmayo eyes US$300m mine, Peru20 November 2009, Published under Cement NewsCementos Pacasmayo, Peru’s second-largest cement company, said on Friday it is planning to invest at least $300 million to develop a phosphate mine and processing plant. The project would be located in Peru’s northern Piura district, near where the Brazilian mining giant Vale hopes to start production at its own phosphate mine by mid-year 2010. Both companies expect to export the majority of their processed product, which is used in fertilizer. Cementos Pacasmayo is controlled by Hochschi... |
Spotlight on Indian market developments20 November 2009, Published under Cement NewsOver the first eight months of 2009, double digit cement growth ranging from 10-18 per cent, buoyant domestic prices and some important corporate mergers have refocused investor interest in the massive Indian cement market – now worth over 200Mta of cement sales. But not all is at it seems, with recent reports coming in pointing to slowing demand, falling prices and worse – too much new capacity flooding the market. The immediate visible signs are from recent domestic sales, noted at down... |
Peru’s production seen growing over 4.0% in 201019 November 2009, Published under Cement NewsThe administrative director for Cementos Lima SA, Jorge Trelles, said that demand for cement is expected to increase sharply as global economic growth recovers. "We think that for 2010 growth in the sector should be better than 4.0% and as the global economy recovers this growth should take off," he said, adding that Peruvian cement companies have improved capacity and should be able to meet any increased demand. In the January to October period this year, Peruvian cement companies produce... |
Obajana accused over unfair labour practices, Nigeria19 November 2009, Published under Cement NewsThe National Union of Chemical, Footwear, Rubber, Leather and Non-Metallic Products Employees (NUCFRANMPE) has petitioned the Minister of Labour and Productivity, Prince Adetokunbo Kayode, over alleged unfair labour practices of the management of Obajana Cement Company Plc, especially anti-union policy. In a petition by the National Secretary of the union, Comrade Matthew Momoh, the union implored the Labour minister to prevail on the management to recognise the union in the organisation to... |
Lower prices limit India Cements Jul-Sep net rise19 November 2009, Published under Cement NewsSouth-based India Cements reported a net profit of INR1.37bn on the back of a 3.6% rise in net sales to INR9.89bn. The prices declined significantly in most of the south markets that were hit by floods during the quarter, and impacted the profitability of the company pulling down its net realisation to INR3025 as against INR3063 a year ago, analysts said. "Cement prices (at the company level) in Andhra Pradesh are currently at INR155 per (50kg) bag as against INR210 in April," said Vice-Ch... |
Gujarat state invites cement players for new mining lease19 November 2009, Published under Cement NewsThe state government has invited large and mini cement players in Gujarat for obtaining new mining lease of limestone blocks. As part of Corporate Social Responsibility (CSR ) activity, all such players who will get such blocks, the government has made a provision to give three percent of the total annual production for public purpose projects, free of cost. The players will have to give away this share after a period of three years of commercial production. "The cement produced in the pre... |
Europe Construction Output Declined 1.1% in September19 November 2009, Published under Cement NewsEuropean construction output fell in September as declines in Germany and Portugal offset rebounds in Spain and France. Bloomberg reported that construction in the 16-nation euro region fell 1.1 percent from August, when it rose a revised 0.1 percent, the European Union’s statistics office in Luxembourg said in a statement today. From a year earlier, output dropped 8 percent. Europe’s construction industry is struggling to recover after a worldwide credit crunch sparked a global recession ... |
Bharathi Cement hosts branch launch, Andhra Pradesh18 November 2009, Published under Cement NewsAddressing a the launch function in Andhra Pradesh, Bharathi Cement marketing director M Ravinder Reddy, said the company has commenced its commercial operations to cater to South Indian market. Bharathi Cement has invested in building a state-of-art technology plant in Kadapa District of Andhra Pradesh capable of producing 5Mt of cement. The first phase to supply 2.5Mt is ready for production and the second phase of 2.5Mt will be ready for production in the last quarter of 2010. The m... |
India’s capacity outlook to 2020: Minister of State for Industry18 November 2009, Published under Cement NewsIndia, the world’s second largest producer of cement after China, will have an installed capacity of 300Mt by 2011-12 and double it up to 600Mt by 2020, government said today. The country’s present installed capacity is 242Mt, Minister of State for Industry Jyotiraditya Scindia said. Inaugurating the 11th NCB international seminar on ’’Cement and Building Materials,’’ here, the minister lauded the cement industry for weathering recent economic downturn by recording a growth of around 8 p... |
FLSmidth lifts 2009 guidance, orders rise in 3Q18 November 2009, Published under Cement NewsFLSmidth raised its full-year forecasts as orders picked up in the third quarter after a weak first half and and positive growth in the Indian economy provides a boost for cement plant sales. According to a statement by the company, new contracted cement kiln capacity in 2009 is expected to total 40-50Mta globally exclusive of China (previous projection 25-50Mta) FLSmidth & Co now expects a consolidated revenue in 2009 of DKK 22-23bn (previous projection DKK 20-23bn) and a satisfactory E... |