Cement News tagged under: international
Lafarge Cement probed over monopoly practices, Romania22 May 2009, Published under Cement NewsInspectors of Competition Council have examined the headquarter of Lafarge Cement Romania, and the two facilities in Hoghiz and Medgidia, following the inquiry launched by Competition Council over a possible violation of the Competition Law by the cement producer. The investigation came as a response to the complaints submitted to the competition regulator against Lafarge Cement over alleged monopoly practices in CEM I 52,5R cement market segment in Romania. The documents and declaration... |
Czech Republic – 1Q cement output down22 May 2009, Published under Cement NewsCzech cement output decreased by around a third YoY to 538,789t in 1Q09 and domestic cement sales dropped similarly to 492,335t, the Association of Cement Producers (SVC) said. The main reason behind the slump is not the economic crisis but harsh winter, the SVC said. In Jan-March, cement exports dropped by around a third on the year to 72,795t. Cement imports dropped by more than 30 percent to 104,375t. Cement producers believe the rest of the year will be more successful and producti... |
After ACC, Grasim delays ready-mix plans21 May 2009, Published under Cement NewsAfter ACC Concrete put on hold its ready-mix concrete expansion plans, it is now the turn of Aditya Birla Group. Grasim, which has been hit by the slowdown in the real estate sector, will not make any further investment in RMC unless demand picks up. “Grasim has slowed down on its RMC expansion and is not planning any further investment in FY10,” Sanjeev Bafna, president and deputy CFO of Grasim, told FE. Bafna further said the company has spend about Rs 300 crore in expanding its RMC busi... |
Turkmenistan delays tender for new plant21 May 2009, Published under Cement NewsThe Turkmen Ministry of Construction Materials Industry has prolonged the international tender on construction of cement plant till June 1. The new works will be located in the Kaynarbaba – 350km southeast of the regional Lebap region - the city of Turkmenabat. On Oct. 1, 2008, Turkmenistan temporarily abolished customs duties on cement products. The document was initialed in order to further improve the country’s abovementioned products. |
Adelaide Brighton forecasts lower net profit21 May 2009, Published under Cement NewsAdelaide Brighton Ltd Chairman Malcolm Kinnaird has said that the company expects its earnings this fiscal year to fall by up to 13% because of a continued downturn in Australian construction. The Adelaide-based company, the nation’s largest lime producer, expects its net profit in the year ending Dec. 31 to be within the range of A$105 million to A$115 million, he told shareholders at their annual meeting in Adelaide. In February Adelaide Brighton flagged lower earnings this year because ... |
Ambuja, ACC boom on higher dispatches, prices20 May 2009, Published under Cement NewsThe Indian cement industry continued a robust performance accompanied by increased off take from the real estate sector, which has witnessed fresh spell of demand in recent times. The cement industry has posted an average growth of 11% since November 2008 primarily on account of strong demand from rural as well as low-cost urban housing. Additionally there was an increased demand due to pre election spend for infrastructure projects. The industry witnessed a rise of 13.1% (YoY) in dispatch... |
Vietnam govt to guarantee US$35m loan for cement project20 May 2009, Published under Cement NewsThe Vietnamese government said Wednesday it has agreed to guarantee a loan from the Japan Bank for International Cooperation for Nghi Son Cement Corp. for a $240-million cement plant expansion project. The government didn’t provide details about the loan, but the World Bank’s International Finance Corp said the loan will be worth US$35m. The government said the loan will be used to fund a $240-million project to expand the company’s Nghi Son Cement Plant in Thanh Hoa province, 230 kilomete... |
India adds 8Mt of capacity in April19 May 2009, Published under Cement NewsCement companies have added nearly 8Mt capacity in April, taking the total installed level to 219Mt. According to the Cement Manufacturers’ Association, the UltraTech/Grasim combine led the way with 4.5Mt, followed by Dalmia Cements with 2Mt and India Cements with 1.1Mt. Mr Rajan Kumar, Research Analyst, Centrum Broking, said another 9.3Mt are expected to be added between May and June, with expansion at Kesoram (1.7Mt), JK Cements (3Mt), Orient Paper & Industries (1.6Mt) and Deccan Cements... |
Standards Authority lifts suspension at Abyssinia factory19 May 2009, Published under Cement NewsAbyssinia Cement Factory, Ethiopia, a private establishment in Chancho area, was last week given the go-ahead by the Quality and Standards Authority of Ethiopia (QSAE) to restart manufacturing and marketing its cement products. Laboratory results from sample examinations of Abyssinia’s products have shown that they are up to standard, so the QSAE lifted the about 49-day long temporary suspension of the factory last Wednesday, May 13, 2009. The QSAE had temporarily suspended Abyssinia ... |
Syrian company aims to boost cement-making capacity19 May 2009, Published under Cement NewsThe Dammam-based Al-Muhaidib and Sons Group, said it has invested US$320m in the Badia Cement Co, a joint project with Italcementi, a global cement firm, and a group of Syrian and Arab investors. In late 2008, China’s CBMI and Badia Cement signed a memorandum of understanding, under which the former will build 3.2 million tons a year cement plant near Damascus. "The Badia plant will be one of the largest private sector cement plants to be set up in Syria," Imad Abdel-Kader al-Muhaidib, Vice... |