Cement News tagged under: international
Cemex and Sakret combine logistics operations, Estonia07 July 2009, Published under Cement NewsThe Latvian construction material producers Cemex and Sakret have combined their logistics operations for doing business in Estonia and have jointly set out to take the Estonian market of pre-packaged cement and dry mixes, the Latvian business daily Dienas Bizness (DB) reported on Wednesday. The two companies have combined their logistics and pre-packaging operations, turning the resulting economy of costs into profit. DB said that Cemex and Sakret would cooperate by taking cement produced ... |
Saudi cement sales surge on govt spending06 July 2009, Published under Cement NewsGovernment spending on new projects in Saudi Arabia is driving the growth of the kingdom’s cement industry in 2009, but rising inventories and strict controls on exports still threaten the sector, HSBC Saudi Arabia said Friday in a report. "Cement sales in KSA (Kingdom of Saudi Arabia) have been strong this year but we have been reluctant to adopt a positive stance on the sector," the bank said, adding that it expects demand for cement to "remain strong". Local demand for cement has pick... |
Dangote wants cement import banned06 July 2009, Published under Cement NewsCement manufacturers Nigeria have petitioned the Presidency alleging that the Ministry of Commerce had opened the gate for cement imports into the country, thus jeopardising their investments. The petition, spearheaded by Alhaji Aliko Dangote is currently receiving the attention of President Umaru Yar’Adua, who has directed the Minister of Finance, Mr. Mansur Mukhtar, to constiuting the Committee, the Minister of Finance is on a fact-finding tour of cement plants in the country. The minis... |
Strabag withdraws from US$435m Cemex units deal06 July 2009, Published under Cement NewsCemex said it may take legal action after Strabag SE withdrew from buying the Mexican company’s Austrian and Hungarian assets because it failed to gain antitrust approval. Cemex sent Vienna-based Strabag written notice that its withdrawal from the acquisition was invalid and a breach of the July 2008 agreement to pay EUR310m (US$434m) for the concrete operations. “It is unfortunate that Strabag is unwilling to fulfill its commitment as specified by the agreement between our companies,” Lo... |
Lafarge may unveil new cement sales goal July 3106 July 2009, Published under Cement NewsLafarge may revise its forecast for global cement sales in 2009 when it publishes interim results later this month, CEO Bruno Lafont said on Saturday. Speaking on the sidelines of an economic forum in southern France, Mr Lafont told reporters Lafarge was, for the time being, sticking to a forecast made in May for a drop of between two and five per cent in global cement sales this year. Lafarge had to lower an initial forecast for a full-year fall of as much of three per cent as economic ... |
Bulgaria’s antitrust watchdog probe03 July 2009, Published under Cement NewsThe Commission for Protection of Competition (CPC) has launched a probe into the Bulgarian cement industry association over suspicions that its members have agreed on prices and market behaviour thus harming competition. The organisation groups the three cement heavyweights. These are Italcementi’s Devnya Cement, Holcim Bulgaria and Titan Zlatna Panega. The association denied the accusations saying it had never discussed at its regular meetings prices and sale quantities of its members. ... |
Thailand’s Cement: local demand still weakening03 July 2009, Published under Cement NewsDomestic Thai cement sales in May 09 contracted 13% YoY to 2.05Mt, a sequential weakening from the 11% contraction seen in April 09, according to SCB Securities. The 5M09 domestic sales reached 10Mt, down 12%YoY. If the negative momentum continues, the fall in local demand for 2009 could end at the higher end of the range, 10-15% YoY. A lack of new projects in the private construction sector and delayed capital expenditures continue to erode the domestic volume base. Public sector constr... |
Romanian market sees decline03 July 2009, Published under Cement NewsThe Romanian cement market is expected to decline in 2009 for the first time in three years, due to the real estate crisis, marked by the standoff of projects and cancellations of new investments. As a result, local producers are anticipating a 30 per cent cut in the volume of sales this year. Local units of Lafarge and HeidelbergCement have recently estimated that their volumes will shrink between 25% and 35%, while the third largest local producer, Holcim Romania, forecasts consumption l... |
Second line launched at Atchinsky Cement03 July 2009, Published under Cement NewsThe Atchinsky Cement plant, a part of Basel Cement Group, has launched its second kiln line. Thanks to the launch of the second line, the capacity of the company will double. Atchinsky Cement LLC is located in Atchinsk, Krasnodar region. The plant has two processing lines with a capacity of 700,000tpa each. Source: SKRIN Newswire |
Lafarge’s Ukrainian production plans03 July 2009, Published under Cement NewsLafarge could begin construction of its second cement plant in Ukraine in 2010, commercial director of the company’s Ukrainian representative office, Nikolai Puzenko, said. He added that investment in the plant, which would have a capacity of up to 1.5Mt of cement could amount to EUR280-300m. The plant will be constructed 12-13km from Lafarge-owned OJSC Nikolayevtsement in the Lviv Region. The company has presently completed preparation work and leased 100ha in land. Source:... |