Cement News tagged under: international
Downturn forces GCC to halt production at Pueblo plant02 April 2009, Published under Cement NewsThe new $225 million cement plant in Pueblo, USA, owned by Grupo Cementos de Chihuahua (GCC) has temporarily halted operations. The company’s president blames a slowdown in the construction industry, reports KOAA, USA. GCC stopped making cement in March one year after the plant opened, and plans to remain inactive for the month of April. The company has also reduced hours or salaries for all of its workforce, which is about 85 employees, but no staff have be laid off. GCC’s p... |
China’s cement exports down 12.91% in 200802 April 2009, Published under Cement NewsChina’s cement exports in 2008 decreased by 12.91 percent year-on-year to 13.23 million tons due to the slack real estate market worldwide, according to statistics revealed at the 2009 China International Cement Conference, reports China Daily. Exports of clinker also decreased by 28.11 percent to 12.8 million tons. "Appreciation of the renminbi was also a reason for the decrease," said Lei Qianzhi, chairman of China Cement Association. In 2008, cement output in China increas... |
US-Mexico trade dispute resolved02 April 2009, Published under Cement NewsMexico said on Wednesday it resolved a 15-year-old trade dispute with the United States, giving Mexican cement exporters free access to the U.S. market. "This agreement will allow the Mexican cement industry to expand its exports and give certainty to investment," Mexico’s economy ministry said in a statement. Mexico’s Cemex is the United States’ No. 3 cement exporter. |
China’s cement industry reports 30.8% rise02 April 2009, Published under Cement NewsThe cement industry in China saw a 30.8% YoY surge in gross profits last year, which were RMB26.14bn, whereas the industry saw growth of 34.2% in 2007, according to recent statistics by China Cement Association. In 2008, China produced 1.39bnt of cement, up 5.2% from the previous year, but less than expected, said the association. The cement sector received a total investment of RMB 105.15bn last year, 60.76% more than in the previous year despite the global economic downturn. However, C... |
Cement prices in Western India up01 April 2009, Published under Cement NewsCement prices in western India, including in Maharashtra and Gujarat, have risen by INR3 to INR8 per 50/kg bag effective Wednesday, the head of a group of cement dealers said. "The demand for cement is very strong. We are seeing very good demand from rural housing and infrastructure projects," Sanjay Ladiwala, president of the Cement Stockists and Dealers Association of Bombay, said. Ladiwala said after the price increases, the retail price of each 50kg bag of cement will range between INR... |
Lafarge launches EUR1.5bn capital hike01 April 2009, Published under Cement NewsLafarge SA Wednesday launched its planned EUR1.5bn capital increase. In a statement, Lafarge said the subscription price will be EUR16.65 per share, made of EUR4.00 par value and a EUR12.65 issue premium, on the basis of six new shares for 13 existing shares. In total, Lafarge will issue 90,109,164 new shares. Lafarge’s largest shareholders - Belgium’s Groupe Bruxelles Lambert and Egypt’s NNS Holding - have each committed to subscribe their pro rata shares of the rights issue, representi... |
Demand in developed markets falls rapidly01 April 2009, Published under Cement NewsCement consumption in developed markets has continued to experience a substantial decline over the last three months, and demand in emerging markets is also slowing, according to Mike Betts, Building Materials Analyst for JPMorgan in a research note today. The greatest decline was seen in Spain, where consumption fell by 45 per cent in the last three months, compared to the same period last year. Over the same period, Great Britain and the US saw major falls in demand of 29 per cent and 27... |
SU-155 Group to construct plant in Kirov region, Russia31 March 2009, Published under Cement NewsSU-155 Group is planning to construct a cement plant in the Kirov region by 2014. The plan, located in Sovetsk, will have a capacity of 2.5Mt. The total area of the plant will be 60ha and raw materials will be mined from the Beresnyatskoye deposit in the Kirov region, press service of the company said. |
Rain Commodities to buy back 4.56M shares31 March 2009, Published under Cement NewsHyderabad-based cement manufacturer Rain Commodities Limited (RCL) stated that its board has approved buy-back of up to 4.56m shares accounting for 11.58 per cent of the paid-up equity share capital of the company. |
UAE: Cement price to fall 22 per cent31 March 2009, Published under Cement NewsCement companies in the UAE have been asked to reduce the price of cement by 22 per cent with effect from April 1. The new price has been fixed at Dh280 for a tonne of bulk cement and Dh14 for a bag. Most factories have been selling bulk cement at about Dh330 to Dh360 per tonne, while bags are priced at Dh16 and an additional dirham is levied as transport charges. The Ministry of Economy, in co-ordination with the Cement Producers Group, has decided to revise the cap on prices, in keeping ... |