Cement News tagged under: international
Price fall to spur UAE construction sector?07 April 2009, Published under Cement NewsTrade Arabia reported that a decline in prices of building materials is likely to kick the UAE’s construction industry back into action later this year, after a 1Q marked by project delays. Mr Riad Bsaibes COO at Amana Steel Buildings Contracting Company said that construction material costs have dropped and will now start stabilising because of the inventory in the system. Mr Bsaibes said that the steel rebar price had reached 2003 levels. He said that a lot of contractors have projects ... |
China’s Anhui Conch sees 1Q profit steady07 April 2009, Published under Cement NewsAnhui Conch Cement said on Monday it aims to sell 20 per cent more cement in 2009 and will focus on markets in central and western China as Beijing increases infrastructure investment. The cement maker is focusing on projects in western China, such as in Sichuan and Chongqing, in a bid to meet cement demand from redevelopment after an earthquake which killed thousands in May last year, executive director Guo Jingbin told reporters. It will also continue to expand rural markets in central C... |
India industry to achieve 12% growth in last quarter06 April 2009, Published under Cement NewsDespite concerns on slowdown, led by a change in economic scenario along with excess supply pressure, the Indian cement is ending FY09 on a strong note. According to experts, the fourth quarter of the current financial year 2009 will report a 2-3% growth in margins due to rise in prices and 10-12% year-on-year growth in sales due to sudden increase in demand this quarter. On the backdrop of good demand coming from the infrastructure segment, cement dispatches from the past consecutive four... |
Novi Popovac plans abandoned, Serbia06 April 2009, Published under Cement NewsHolcim Serbia has announced that its plans to invest EUR 83mn have been abandoned, according to local press reports. The company was to spend the money expanding its Novi Popovac plant’s capacities. The decision came as the company is cutting expenses and introducing savings measures in order to counter the financial and economic effects of the crisis. Holcim said that this will not affect the current production facilities, nor its ability to deliver cement to the Serbia market. The comp... |
Siam Cement sees acquisitions06 April 2009, Published under Cement NewsSiam Cement,Thailand said on Friday it expected to conclude acquisitions in its core businesses late this year as part of its plan to expand in Southeast Asia. The company would also complete a US$1.2bn olefin joint venture with Dow Chemical Co in 2010 as planned, and other upstream and downstream petrochemical investments with Dow were on track, President Kan Trakulhoon said. Kan said there were no question marks over its ventures with Dow, which is restructuring and plans to divest s... |
Ambuja Cement suspended grinding project06 April 2009, Published under Cement NewsAmbuja Cement suspended grinding project Ambuja Cement’s grinding plant project at Barh has been suspended owing to delays in the setting up of the NTPC power plant, from which fly ash was to be be sourced. Instead, the grinding capacity at Bhatapara (Chhattisgarh) will be further augmented, according to AL Kapur, managing director, Ambuja Cement. The Bhatapara unit currently has a grinding capacity of 1.2Mta. |
Scrapping taxes on cement exports to US ‘little local effect’06 April 2009, Published under Cement NewsThe announcement made by Mexico’s economy ministry (SE) that domestic cement companies will not be subject to export quotas for the US market will not have a significant local effect, cement industry analyst with local financial group Vector, Carlos Hermosillo, told BNamericas. SE also announced the elimination of dumping compensation quotas and import permits for US-bound cement products, as the Mexico-US cement trade agreement drew to a close. In addition to regulating trade, the ag... |
China’s cement output up 10.3%06 April 2009, Published under Cement NewsChina’s cement production expanded 10.3 per cent YoY to 159Mt in the first two months, amid the booming fixed-asset investment, data released by the Ministry of Industry and Information Technology (MIIT) have shown. The growth rate was 6.8 percentage points higher than that for December, as the fixed-asset investment accelerated due to the government’s CNY4trn (US$584.8bn) stimulus package, according to the MIIT data released on Friday. The wholesale price was CNY284/t, CNY5 cheape... |
Indian cement cos told to cut prices ?06 April 2009, Published under Cement NewsThe government has warned cement manufacturers that it will not extend any stimulus package to the industry unless they reduce the price of the building material, reports the Economic Times of India. The warning followed the three rounds of price increase by cement companies in the past two months despite the government’s move to contain its price by reducing excise duty on cement. The department of industrial policy and promotion (DIPP) has told the Cement Manufacturers’ Association (CM... |
Dangote investment in Benue cement update06 April 2009, Published under Cement NewsIn its bid to boost the production capacity of the Benue Cement Company Plc, BCC, after acquiring majority stake in the firm, the Dangote Group has invested over US$500m to position the company to meet the challenge of increasing demand for cement in the country. The investment has invariably enhanced the production capacity of the company from its initial installed capacity of 900,000t to about 2Mta production capacity. The message was conveyed by the president, Dangote Group and ... |