Cement News tagged under: international
Middle East ready-mix demand down26 August 2009, Published under Cement NewsPrices of readymix have bottomed out in Dubai and other emirates and is being sold at as low as Dh210/m3, industry officials said. The readymix industry in Dubai and the Northern Emirates has been the hardest hit in the crisis with sales dropping severely and companies reducing profit margins to a bare minimum in an effort to attract customers. According to officials, the industry is going through a rough patch with production levels at its lowest as many major projects have been either... |
Thailand: tracking impact of recent price increase development26 August 2009, Published under Cement NewsThe cement price increase of Bt200-300/ton initiated by Siam City Cement (SCCC) and TPI Polene (TPIPL) had expanded to a range of Bt200-500/ton by the third week of August based on our conversation with a number of companies. However, the rebate range has also widened to Bt100-500/t from Bt50-300/t. Thus, at this point the impact of the price increase is not yet clear. Equally unclear is whether the price increase will hold. The largest player has seen marginal improvement in price from th... |
GCC Pueblo cement plant update26 August 2009, Published under Cement NewsThe new Grupo Cementos de Chihuahua (GCC) cement plant south of Pueblo has been running at peak production for nearly a month, company officials said recently, although the national economic slump continues to dampen the demand for cement. The $325 million, highly automated plant officially was completed last year, but has only recently been brought into full production - at a capacity of 1Mta of cement if demand required it. "Right now, we’re looking at about 50 per cent of full-produc... |
Imported cement worries local producers, East Africa26 August 2009, Published under Cement NewsCement manufactured in East African countries may soon be pushed out of the market if regulators don’t control the rate at which low-priced imported cement is coming into the region, according to local producers. In a joint press release issued last week, cement manufacturers called on governments to review trade policies in accordance with the global slowdown that has affected industries. This will help protect local industries, which are on the verge of collapse following an increase in i... |
China moves to address cement overcapacity26 August 2009, Published under Cement NewsChinese Premier Wen Jiabao’s curbs on cement and steel production show the government is confident the economy is now strong enough to tackle industrial overcapacity created by record lending this year. “The fact that policy makers decided to make the adjustment now signals they deem investment strength and growth momentum outside of these areas already strong enough to withstand this move,” said Helen Qiao, an economist at Goldman Sachs Group Inc. in Hong Kong. China’s State Council yeste... |
Vietnam: cement plant to be built in Phong Dien - Thua Thien Hue25 August 2009, Published under Cement NewsDong Lam Cement Joint Stock Company in Thua Thien Hue has decided to invest in a Dong Lam cement plant in Phong Xuan, Phong Dien Commune, in Phong Dien District, Thua Thien Hue province. Total invested capital of plant is over VND3.6bn (US$202m) with a designed cement capacity of 1.5Mta. |
Cement and concrete prices drop in July25 August 2009, Published under Cement NewsThe prices of cement and concrete showed a declining trend in July comparing with June, giving an impetus to the construction activity in Abu Dhabi, UAE. The monthly bulletin on the prices of building materials for July comparing with June issued by the Statistics Centre-Abu Dhabi, showed mixed trends. Cement prices dropped by 1.74 per cent on an average in July compared with June, as a result of the decline in the price of Ittihad sulphate resistant cement by 0.71 per cent to an avera... |
India: Himacha Pradesh to expedite Gumma Cement plant construction25 August 2009, Published under Cement NewsThe Himachal Pradesh Government has issued directions to India Cement Limited to begin the construction work of Gumma cement plant so that it could become operational in its scheduled time. Himachal Pradesh Industry Minister Kishan Kapoor, while replying to a query of Mr Vipin Singh Parmar (BJP) during the Question Hours today said the state government has signed an MOU with Chennai-based India Cement limited on May 11, 2006. He said state Chief Secretary Asha Swroop had held a meeting wi... |
Siam Cement may revive Vietnam petrochemical plans25 August 2009, Published under Cement NewsSiam Cement PCL, Thailand’s largest industrial conglomerate, said on Monday it could move ahead with a plan to build a petrochemical complex in Vietnam that has been delayed by the global economic crisis. The project required an investment of about US$3-4bn and sentiment in financial markets has now improved, which could make it easier for the company to get financing, President Kan Trakulhoon told reporters. "The situation has improved and we decided to hire an adviser. In the past, we h... |
Sephaku maps plans to build cement plant25 August 2009, Published under Cement NewsSouth African diversified mining exploration company Sephaku Holdings unveiled plans to build a new cement plant on Friday, its first day on Johannesburg’s main board, where it closed at ZAR7.50 (US$0.96) share. Sephaku chief executive Neil Crafford-Lazarus said the company was in the advanced stage of planning the cement plant, which would have a capacity of 2.1Mta once it reached full production in the second quarter of 2012. Crafford-Lazarus added that Sephaku was in talks with South Af... |