Cement News tagged under: international
Egypt to consider new cement production licences08 September 2009, Published under Cement NewsEgypt will consider new cement production licences if demand growth continues to exceed expectations, but has no plans to review licensing for steel, Trade Minister Rachid Mohamed Rachid said on Monday in an interview with Reuters. Egypt imported 512,000t of cement from January to Aug. 5 and the figure is expected to almost double to 1Mt by the end of August, the Trade Ministry said last month. Asked if Egypt would offer new cement production licences, Rachid said: "We might because the nu... |
FICEM-APCAC Conference 2009 begins08 September 2009, Published under Cement NewsThe annual FICEM-APCAC Conference is currently underway in the city of Bogota, Colombia. The first day of the FICEM-APCAC conference began with typical Latin flair in the form of a keynote speech from Juan Martín Caicedo Ferrer, the Colombian minister for infrastructure (full title in Spanish is Presidente de la Cámara Colombiana de Infraestructura). As he spoke, Mr Caicedo highlighted the role of the construction sector in boosting the overall GDP of the region, particularly in the early y... |
Algerian construction07 September 2009, Published under Cement NewsIn an effort to stem rising prices of cement, the Algerian government has recently implemented important regulatory measures. July 22 marked the introduction of a cap on the price of cement at both the wholesale and retail level. As a result of consistent shortages in supply, prices of cement had soared to levels as high as AD1500 ($20.90) per quintal in June this year; a trend that was further fuelled by the absence of regulations on speculation of its price. However, the new regulation re... |
QNCC to provide limestone, Qatar07 September 2009, Published under Cement NewsQatar National Cement Company (QNCC) and Qatar Electricity and Water Company (QEWC) have entered into a multi-million long-term strategic partnership to produce limestone. The 25-year agreement starting from the date of production is worth QR8.46mn per year, said a news item posted on the Qatar Exchange. The pact was signed by QNCC GM Mohamed Ali al-Sulaiti and QEWC general manager Fahad H al-Mohannadi. The agreement pertains to producing limestone locally to be used for water desalination... |
Taiwan Cement to raise China prices by 6.5-7%07 September 2009, Published under Cement NewsTaiwan Cement Corp will raise prices at its three plants in China by 6.5% to 7% in September due to strong demand, the Apply Daily reported Monday, citing Senior Vice President Edward Huang. Prices in southern China, where the company’s plants are located, are supported by plans to upgrade infrastructure and railways in Guangxi province, the paper cited Huang as saying. |
Maui Hawaiian Cement plant damaged in fire07 September 2009, Published under Cement NewsAn early morning fire caused an estimated US$3n in damages to a Hawaiian Cement plant building in Puunene, Maui today, Maui firefighters said. The cause of the fire at the building at 10400 Mokulele Highway is still under investigation. Firefighters arrived at the fire at 4:12a.m. today and extinguished the fire by 7a.m. with six units and a fire prevention bureau officer, officials said. The fire burned two 8 x 20ft containers and a structure that housed a conveyor belt and electrical equ... |
HeidelbergCement plans capital hike07 September 2009, Published under Cement NewsHeidelbergCement plans to implement a capital increase in September, estimated at between EUR1.2bn (US$1.7bn) and EUR1.5bn, a German daily said on Saturday, citing sources. The banks handling the capital hike are Deutsche Bank and Morgan Stanley, Boersen-Zeitung said, adding both are now working on its prospectus. HeidelbergCement had announced plans to sell all non-core assets to raise cash and pay down debt after its $16 billion takeover of British rival Hanson in 2007. The group won a ... |
Goldsun Development to build CNY1B China plant07 September 2009, Published under Cement NewsGoldsun Development & Construction Corp plans to spend CNY1bn to build a cement plant in China’s Hunan province, the Economic Daily News reported Monday, citing company Chairman Charles Chen. The plant will be operational by the first quarter of 2011 and have a production capacity of 2Mta, the newspaper said, without citing sources. The report said Goldsun plans to raise the plant’s production capacity by another 2Mt, but didn’t provide a time frame. |
Indian sales grow on the back of weak monsoons06 September 2009, Published under Cement NewsWeak monsoons and new capacities seem to have benefited the cement industry in terms of increased sales. The industry had expected low demand due to the arrival of monsoon in many parts of the country. But, construction activity did not slow as major players like Aditya Birla group, ACC Ltd and Ambuja Cement have reported an increase in sales figures for the month of August 2009. Aditya Birla Group’s cement dispatches grew 32.15 per cent to 3.21Mt and Ambuja Cements dispatches increased ... |
Lehigh Cement to lay off 45 Tehachapi works, US04 September 2009, Published under Cement NewsLehigh Southwest Cement has announced a curtailment in production at its Tehachapi works and will lay off approximately 45 hourly employees in early October for an indefinite period. The curtailment “is due to current business and economic conditions, and the resultant deterioration in our sales volumes and pricing,” Plant Manager Alan Rowley said. The historic Lehigh plant, which celebrated its 100th anniversary in 2008 and has a total work force of 115. The plant will be in a minimum o... |