Cement News tagged under: international
Lafarge looks to sell Chilean unit16 July 2009, Published under Cement NewsLafarge is reportedly looking to sell its shares in its Chilean cement interest worth an estimated US$500m, reports the Santiago Times. The Washington DC branch of Rothschild bank in the United States, assigned to the sale, will be accepting offers from all over the world. Lafarge bought the cement stocks in 2001. Two months ago, Lafarge began probing Chilean and foreign markets for prospective buyers for 82.74 per cent of the cement plant. Local funds and Chile’s Pension Fund (AFP) also... |
Qatar cement output set to double this year15 July 2009, Published under Cement NewsQatar’s total cement production is expected to more than double to 6.52Mta this year but will still not be enough to satisfy the local demand, thus making imports imperative, according to Credit Suisse. Although the supply-demand balance is expected to remain stable, Credit Suisse assumed a 5% drop in selling prices in 2009 and 2010. “We expect the total capacity to increase to 6.52Mta by the end of 2009 with the start-up of Gulf Holding Company (GHC) and additional capacity by Qatar Natio... |
Vietnam new plant project15 July 2009, Published under Cement NewsThe ROLI Investment Joint Stock Company started work on a cement production plant with an annual production of 1.2Mt in Cam Lo district, central Quang Tri province, on June 26, said the Vietnam Economic Times newspaper. The company will inject VND1 trillion (US$59.171m) into the plant’s first phase, which is expected to last 18 months and plans to start operations in the first quarter of 2011. Once operational, the plant will turn out 480,000t of clinker and 600,000 tons of cem... |
India 1Q cement sales up 11%15 July 2009, Published under Cement NewsIndian cement consumption increased 11 per cent in the first quarter of this financial year over the same period last year. This figure was achieved despite the southern region – the largest cement market in the country – recording only a four per cent increase during the period under review. Industry players say that the additional cement capacity that came on stream in 2008-09 has been absorbed by the market, indicating that demand continues to be robust. They anticipate sales to ... |
Cemex second quarter preview15 July 2009, Published under Cement NewsMexico’s Cemex is expected to report a sharp fall in net profit for the second quarter, as construction in its key US and European markets continues its long slump. A Reuters poll of seven analysts showed Cemex may have earned US$164m between April and June of this year. Cemex’s expected profit would be 63 per cent below the US$444m recorded for the same quarter of 2008. "We see very weak results explained by the crisis across the world’s construction sectors, especially in Cemex’s main m... |
India 1Q consumption up 11%15 July 2009, Published under Cement NewsIndian cement consumption increased 11 per cent in the first quarter of this financial year over the same period last year. This figure was achieved despite the southern region – the largest cement market in the country – recording only a four per cent increase during the period under review. Industry players say that the additional cement capacity that came on stream in 2008-09 has been absorbed by the market, indicating that demand continues to be robust. They anticipate sales to pick up... |
Heidelberg Cement attempts to divest from Israeli holdings14 July 2009, Published under Cement NewsHanson Israel owns and operates a quarry on Palestinian land in the Israeli-occupied West Bank, where the company mines materials for the cement and asphalt it produces for sale in Israel and in Israeli West Bank settlements. According to a new report by analyst Adri Nieuwhof, of the Electronic Intifada, "Hanson Israel’s concrete and asphalt plants in the Occupied Palestinian Territories -- just like the Israeli settlements -- are contrary to international law. Israel’s mining of Palesti... |
Two Ethiopian factories resume production14 July 2009, Published under Cement NewsThe Ministry of Work and Urban Development (MoWUD) on Friday confirmed that both Muger and Mesebo cement factories have partially restarted production to ease the current cement shortage. According to Mekonnen Zergawu, Chief Executive Officer for Mugher Cement, the factory had not been producing and had instead been conducting maintenance work for the last two months. Subsequently, it could not resume production due to the power shortage. The factory started production partially on Tuesday... |
Fiji: cement supply to normalise soon14 July 2009, Published under Cement NewsCement supply in Fiji will normalise from next week, says Josese Daveta, general manager of Fiji Industries Ltd, Fiji’s major supplier of cement. The company was recently hit by a setback in the supply of clinker, which forced it to import 2060t of cement to cater for local demand. “A shipment of cement came in last week but the clinker will be arriving on July 24, a day later than we had originally expected. Following that, cement supply should normalise,” Daveta told Fijilive. Last ... |
Fitch: Europe building, property outlooks negative14 July 2009, Published under Cement NewsIn advance of its forthcoming mid-year EMEA Industrials sector outlook update, Fitch Ratings says the credit outlook for the European building materials, construction and property sectors remains negative, as companies continue to be challenged by the ongoing impact of the global economic downturn and constrained credit markets. Whilst the majority of European building materials companies announced in Q109 measures to preserve cash flow and strengthen their balance sheets, as reflected in r... |