Cement News tagged under: international
India production estimated to rise 13.3%21 July 2009, Published under Cement NewsIndia’s cement production is estimated to rise 13.3 per cent in FY10 to 212.38Mt, junior trade minister Jyotiraditya Scindia told parliament in a written reply on Monday. He also said output could further rise to 236.16Mt in FY11 and touch 262.61Mt in FY12. India’s cement production in FY09 grew 7.5 per cent to 187.42Mt, a government data showed. While the economy expanded only at 6.7 per cent as high interest rates and then a global downturn hit most of the industries. Cement production ... |
Siam Cement eyes stake in Bosowa, Indonesia21 July 2009, Published under Cement NewsSiam Cement may spend US$1.1bn to acquire a cement stake in Indonesia. Erwin Aksa, the CEO and owner of PT Semen Bosowa, said Siam Cement is eyeing a stake in his cement company, which is based in South Sulawesi. Erwin said negotiation is in progress with Siam Cement, Erwin told the newspaper Investor Daily. "We are ready to sell a 30 per cent stake," he said, adding "We want to keep the majority shares." Semen Bosowa plans to build a new cement factory to cost up to US$300m in Java to m... |
Cementos Lima says it regains market share, Peru21 July 2009, Published under Cement NewsPeru’s largest cement manufacturer, Cementos Lima SA says it has regained market share this year after losing ground following the entry of Cemex into the Peruvian market two years ago. Cementos Lima said Monday in a filing to securities regulator Conasev, that in May, it had 43.5% of the Peruvian market. Following Cemex’s entry with its Quisqueya brand in 2007, Cementos Lima said it lost 5% market share. Cementos Lima also said it had not yet made a decision on whether it will make a mov... |
R-ADAG forays into cement20 July 2009, Published under Cement NewsThe Reliance Anil Dhirubhai Ambani Group (ADAG) is entering the cement business by announcing its plans to set up a 5Mt integrated plant and a grinding unit in Maharashtra with an investment of INR2250 crore. Reliance Cementation, a part of the Ambani group, on Friday signed a memorandum of understanding (MoU) with the Maharashtra government. The cement unit will come up in Yavatmal district, while the grinding plant will be set up in Nagur district. The MoU was signed nearly a year after t... |
Hima set to double production capacity, Uganda20 July 2009, Published under Cement NewsCement manufacturer, Hima Cement, is set to double its production capacity next year. The company is finalising plans to increase its production to approximately 850,000tpa, a 142 per cent rise from the current 350,000t it manufactures. The plant’s expansion could be a boom to Uganda’s construction industry, which still imports large quantities of expensive cement from Kenya. The cement plant, located along the western fringes of the country, is currently establishing a new manufacturing fa... |
CCCL: cement not affected20 July 2009, Published under Cement NewsCaribbean Cement Company Limited yesterday said that although it had suffered a setback in the commissioning of its new state-of-the-art mill, this would not affect the quality of the product. A large storage bin collapsed Wednesday night while being filled. The company on Friday emphasised that it was not a silo which had collapsed. "Our silos at Carib Cement are large, concrete structures primarily for the storage of cement. All of these are intact," said public relations officer Lystra ... |
Smaller players increase presence in Mumbai market20 July 2009, Published under Cement NewsThe smaller cement brands have started making their presence felt in Mumbai – the largest cement consumption area in the country. At a time when giants such as UltraTech, Ambuja, ACC and Grasim are still resisting price cuts, smaller players have already cut prices by Rs3-6 /50kg bag. Many of the smaller cement makers do not even have factories near Mumbai. The city-based cement dealers said that these price corrections were effected in the last fortnight only. "This tactic may force big pl... |
CMCL to increase cement capacity20 July 2009, Published under Cement NewsCement Manufacturing Company (CMCL), a subsidiary of Kolkata-based Century Plyboards, will invest nearly INR1300 crore over the next two years to ramp up its cement capacity. Century Plyboards holds 70 per cent equity in CMCL. “At present, our cement capacity is 1Mta and we have drawn up plans to scale up th-is capacity to 4Mt by June 2011,” Sanjay Agarwal, joint managing director of Century Plyboards told Financial Chronicle. The capacity will be raised through two 1.5Mt cement grinding u... |
Consolidation is ’way forward’ for cement firms20 July 2009, Published under Cement NewsThe cement industry in the UAE needs consolidation to overcome the current financial crisis, said a recent report by Nomura. Building material industry in the country is fragmented with 11 integrated cement manufacturers, eight standalone grinding operations and four trading operations, said the report, Building materials and construction. "But cement names seem to co-operate as they sell at similar prices and have a common forum in the Cement Manufacturers Association," it said. "Consolid... |
Remittances seen to continue to fund housing20 July 2009, Published under Cement NewsEven with the global economic crisis, remittances from migrant Filipino workers will continue to fund the construction of residential houses, Holcim said in a forum. “So far, this year, we don’t see a drop in demand for residential construction,” said Rey Cervera, head of Holcim’s business expansion. Overall, he said, the Philippine economy “proved relatively resilient amid the global recession.” Cervera said the cement company’s projection of its own growth for the remainder of the year ... |