Cement News tagged under: international
Indian cement industry sees 10 per cent growth03 July 2009, Published under Cement NewsThe Indian cement industry is to see a growth of 10 per cent in June. Using the initial numbers from leading cement makers as a guide, industry analysts forecast that this continued growth will be maintained. Since November 2008, the domestic cement sector has managed to maintain its growth over eight per cent on the back of good demand. It achieved a growth as high as 13 per cent in the beginning of the current financial year in April. The Aditya Birla group, comprising Grasim and Ultra... |
India’s Ambuja June cement shipments rise 8.2 per cent02 July 2009, Published under Cement NewsAmbuja Cements Ltd, India’s No. 3 cement maker, on Wednesday reported June shipments rose 8.2 per cent to 1.59Mt from a year earlier. The company, in which Holcim holds about 46 per cent, said production climbed to 1.6Mt from 1.48Mt. |
GCC cement production to outstrip demand02 July 2009, Published under Cement NewsCement production in the GCC will exceed demand by almost 15 per cent in 2009 with largest additions scheduled in Saudi Arabia and the UAE, according to a research report on the GCC cement sector by Credit Suisse. The researchers estimate that the construction markets in Saudi Arabia, Qatar and Abu Dhabi would remain strong, giving an impetus to demand for consumption material, whereas Dubai and Kuwait represent less attractive markets. "We expect a wave of excess supply across the region,... |
India Aditya Birla cement shipments up 21.7 per cent02 July 2009, Published under Cement NewsIndia’s Aditya Birla Group said on Wednesday cement shipments in June rose 21.7 per cent to 3.14Mt. Production rose 20.6 per cent to 3.08Mt, the company said in a statement. The group’s cement business includes flagship Grasim Industries and unit UltraTech Cement with a combined production capacity of 42Mta. |
US construction spending down 0.9% in May02 July 2009, Published under Cement NewsUS construction spending fell by 0.9 per cent in May, the seventh decrease in the past eight months, the Commerce Department reported yesterday. The decrease was worse than analysts’ expectation of 0.5 per cent. The drop followed a revised 0.6 per cent increase in the previous month. For May, US construction spending was estimated at a seasonally adjusted annual rate of US$964bn, with a 11.6 per cent YoY decrease, reflecting the steepness of recession in the country. Spending on privat... |
Cement plans for Kenya’s Pokot District02 July 2009, Published under Cement NewsA cement producer from India plans to transform the economy of Pokot Central District, once its new factory is completed, according to local press reports. The Cemtech Sanghi Group has received full approval from the Government to build an US$80m (KES6.24bn) cement factory to mine the large limestone deposits in Sebit and Ortum areas of the district. The Ortum factory will become the third largest in Kenya, after the Mombasa-based Bamburi and East African Portland Cement factory at Athi ... |
Konya Cement resumes kiln operations, Turkey01 July 2009, Published under Cement NewsTurkish cement producer Konya Cimento notified the Istanbul Stock Exchange that it resumed production at its kiln line No 1 as of June 30. The kiln was temporarily shutdown on January 1 as a result of the increasing cement and clinker stocks. The kiln has now been put into operation again due to declining inventories. |
India cement sector leads growth in May01 July 2009, Published under Cement NewsCement output in India increased 11.6 per cent in May this year, indicating robust demand from the construction industry, whose growth was halted by the credit crisis last year. Official data showed that the six core infrastructure industries expanded by 2.8 per cent in May 2009 against 3.1 per cent in the same month last year. Cement output, which is the barometer for construction industry expansion, led the performance, followed by coal (10.2 per cent) and electricity (3.3 per ... |
Pakistan cement sales up two per cent in FY0901 July 2009, Published under Cement NewsPakistan cement sales in FY09 registered an increase of two per cent year-on-year (YoY) to 30.6Mt compared to a three-year historical Cumulative Average Growth Rate (CAGR) of 23 per cent, latest data released by All Pakistan Cement Manufacturers Association said. Domestic sales were down 19.3Mt (a fall of 14 per cent YoY) however, exports increased a significant 47 per cent YoY to 11.3Mt. Positive key growth factors for the sector included record Public Sector Development Programme allocat... |
Indian cement firms seek excise cut, import duty30 June 2009, Published under Cement NewsIndia’s cement firms are seeking a cut on excise duty and a ban on imports in the upcoming federal budget in an effort to reduce prices and protect manufacturers who have set up new capacities, officials said. To meet rising demand and an anticipated spurt in the government’s infrastructure spending, cement companies have increased capacity and prices, but now fear rising prices will dent demand for local products and encourage imports. "The industry is seeking an abatement on cement from ... |