Cement News tagged under: international
Egypt’s cement makers may lose profit on capacity25 March 2009, Published under Cement NewsEgypt’s cement industry may see profits decline from their current record levels by 2011 when eight new factories start production, according to the country’s main business group, reports Bloomberg. “There will be an additional capacity in the market of around 12Mt in the next few years,” Walid Gamaleldin, head of the Chamber of Building Material at the Federation of Egyptian Industries, said in an interview by telephone today. “Production will be exceeding market demand. This could be a to... |
Lafarge announces Alpena layoffs, US25 March 2009, Published under Cement NewsLafarge will be laying off over 130 employees from the Lafarge Alpena Cement in the near future, reports the Alepena News. The company informed employees of the cuts Tuesday morning, and cited the economic climate for the reduction in staffing. "Due to the current market conditions and as part of Lafarge’s ongoing focus to improve efficiencies, the Lafarge Alpena Cement plant has implemented a temporary shutdown of its kiln operations resulting in a temporary reduction in its workforce," t... |
Venezuela cement takeover payment not ordered yet25 March 2009, Published under Cement NewsVenezuela said on Tuesday it has started paying Argentine-controlled Ternium for the nationalisation of steelmaker Sidor, but has not paid cement makers Holcim and Lafarge for last year’s takeovers. Finance Minister Ali Rodriguez said on Tuesday an agreement had been reached with Ternium to compensate it for the takeover of Venezuela’s largest steel plant, but said he had not yet been ordered to pay Holcim and France’s Lafarge. "An agreement was reached and (we are) in the process of payin... |
Jordan demand picks up after a 4% drop in 200825 March 2009, Published under Cement NewsCement demand in Jordan has increased during the first three months of 2009 compared to the same period of last year, according to Jordan Lafarge Cement Factories Company (JCFC). The higher demand is attributed to lower prices of fuel and construction materials such as steel, – – particularly after the second half of last year – JCFC General Manager Salem Soso said on Tuesday. He attributed a four per cent drop in the demand for cement in 2008 to lower construction activity and housing pr... |
PPC cement sales fall 9.7%25 March 2009, Published under Cement NewsAfrica’s biggest cement maker, Pretoria Portland Cement (PPC), said on Tuesday regional industry cement sales fell 9.7 per cent in the five months to February due to a slump in the residential housing market. Despite the drop in sales between October 2008 and February 2009, PPC said in a presentation on its website that cement demand from infrastructure projects would boost sales beyond 2010. South Africa has set aside ZAR787bn to build the 2010 Soccer World Cup stadia and power generation... |
Cement plan proposal back for Manatee County review24 March 2009, Published under Cement NewsThe Manatee County Commission will be asked Tuesday whether it intends to delay or resolve a dispute about the location of a proposed Lena Road cement plant that has dragged on for more than four years. Hamilton “Chip” Rice Jr., a former county attorney, served as a special magistrate in the case. Rice recommends that the county find an alternative site for the plant that Cemex Corp., formally RMC South Florida Inc., wanted to locate in an industrial park off Lena Road. Yet county attorneys... |
State legislators to discuss moratorium on Titan plant24 March 2009, Published under Cement NewsState legislators will discuss a proposal for a moratorium on a local and controversial cement plant permit at a hearing in Raleigh Tuesday morning. The group Stop Titan plans to take a bus load of opponents of Titan America’s proposed cement plant in Castle Hayne to the meeting. Titan representatives will also be there. |
Shree Cement commissions extra 1Mt capacity24 March 2009, Published under Cement NewsShree Cement has commissioned an additional 1Mt of clinker capacity, which is expected to help the company ramp up its annual cement production capacity to nearly 10.0-10.3Mt from 9Mt. The company is understood to have incurred a capex of Rs 250 crore for this additional clinker capacity. Source: Economic Times of India |
ACC sees exports decline24 March 2009, Published under Cement NewsACC, which has seen a decline in exports for the first time in seven years, expects only state-led consumption to benefit cement firms in an era of high costs and soft demand. "If the new government continues to support infrastructure and realty sector and recent announcements are not abolished, then the industry will benefit in the long run," said J DattaGupta, ACC’s head of commercial services. India’s largest cement maker by capacity saw its exports decline in absolute terms in the Octo... |
Vietnam begins building 1.8Mta plant23 March 2009, Published under Cement NewsViet Song Long Co. has begun building a cement plant with a capacity of 1.8Mta in the central region, the Thoi Bao Kinh Te newspaper reported Monday, citing a company official. The plant, located in Thua Thien Hue province, 600km south of Hanoi, will cost VND3.7trn (US$217.6m) to build, the state run media said. The plant is expected to start production in May 2011, the report said. |