Cement News tagged under: international
Cemex and Sakret join forces, Estonia10 July 2009, Published under Cement NewsCemex and ready-mix concrete producer Sakret have joined forces to strengthen their positions in the Estonian cement and ready-mix concrete market, as Cemex’s public relations manager Laura Mikelsone informed local press. Cemex and Sakret cooperation envisages packing cement produced at the Broceni cement factory at the Sakret plant in Estonia and then sell it to the consumers in Estonia. "Over the past several years, Sakret has been growing steadily and has the reputation of a reliable par... |
UK construction market shows sharp declines10 July 2009, Published under Cement NewsAccording to the latest forecast from the Construction Products Association, a London-based group representing the manufacturers and suppliers of construction products, components, and fixtures in the United Kingdom (U.K.), the outlook for construction has deteriorated sharply over the last three months. Unfortunately, based on the most recent figures, it doesn’t appear a short-term recovery is in the market’s future. Output is expected to fall by a record 16% in 2009, which is worse than ... |
KKR learns the hard way in China10 July 2009, Published under Cement NewsTwo years ago, US private equity powerhouse Kohlberg Kravis Roberts took the plunge in China – making its first mainland investment by plowing US$112m into Tianrui Cement, reportedly a sizeable player in China’s cement industry and located at Ruzhou, a remote city of about 1 million people in the central western part of Henan Province. It was hailed as an innovative private equity deal, with the World Bank’s investment arm, JP Morgan and some Chinese banks all on board, ultimately providing ... |
US cement prices will be flat in 2009-201009 July 2009, Published under Cement NewsDespite the persistent decline in residential and nonresidential construction activity, cement prices are expected to remain stable this summer and show just a 0.9% increase in 2009 and another 0.4% hike in 2010. Analyst Arminé Thompson, an economist at IHS Global Insight’s offices in Washington, says "cement prices will increase slightly even among falling demand because of production cuts." U.S. cement demand is dwindling along with the construction market, Thompson writes to clients base... |
Cement dealers who violate fixed prices being fined, UAE09 July 2009, Published under Cement NewsThe UAE Ministry of Economy has started fining dealers who sell cement at above the fixed prices of Dh14 per bag from the factory and Dh16 retail. Inspections carried out in co-operation with local government departments uncovered a large number of violations. "Warnings have been issued and fines were imposed for repeat offences," Ali Obaid Al Shamsi, the ministry’s Director in Dubai, told Emirates Business. The fines range from Dh1,000 to Dh20,000 depending on the number of offences. The... |
India: cement prices may soften in 2H09 July 2009, Published under Cement NewsAfter Indian cement prices remained firm during the first half of the year, backed by robust despatches, prices are set for a correction in a month’s time. With around 45 million tonne (mt) capacity coming up this fiscal, and with the monsoons setting in, the prices can go down Rs 3-10 for a 50 kg bag, feel insiders. The southern and western regions should see the maximum corrections while prices in East and North are likely to be more or less stable. India presently has an installed capac... |
HeidelbergCement: markets, margin improving in Asia, Africa09 July 2009, Published under Cement NewsIn April and May 2009, HeidelbergCement’s operational performance has improved compared to the first quarter of 2009. The Group’s total turnover reached EUR 4.3bn in the first five months of 2009; this is a decline of 19.2% before any currency impact compared to the same period of the previous year. In the same period, our operating income before depreciation (OIBD) amounted to EUR 608m (a decrease of 30.6% before any currency impact compared to last year). HeidelbergCement has proactively ... |
TXI proposes 2000 acre quarry near Austin, Texas08 July 2009, Published under Cement NewsTexas Industries Inc., known as TXI,, the state’s largest cement producer, is proposing to establish a rock quarry on 2000 acres that abut Edgar’s property. The quarry would include a conveyor belt possibly four miles long to connect the quarry pits to a facility. The City of Austin is holding a public meeting on the plan. The project needs to pass several hurdles to gain approval. |
Dominican customs fines Cemex08 July 2009, Published under Cement NewsThe Customs Agency (DGA) yesterday announced the collection of RD$1.14 million in taxes and fines on the cement company Cemex Dominicana and the power company Generadora Itabo, accusing them of being involved in "serious practices related to fuel imports and destinations which affect tax revenue." In a statement released to the press, the DGA also said it charged Cemex RD$55.9m for tax evasion on the import of 40,724t of allegedly mineral coal. It also accuses it of trying to undervalue fre... |
Philippines: zero tariffs for cement to stay08 July 2009, Published under Cement NewsDuty-free importation of cement into the Philippines will be extended for six months it was announced yesterday. President Gloria Macapagal Arroyo has approved recommendations by the Committee on Tariff and Related Matters and appropriate executive orders will soon be issued, Cabinet Secretary Silvestre H. Bello III said. Trade Secretary Peter B. Favila, speaking after a Cabinet meeting, said his department was now studying if the directives should be made retroactive. Executive Orders 765... |