Cement News tagged under: international
Mexico: GCC results positive, helped by exchange rate03 March 2009, Published under Cement NewsThe results posted by Mexican cement maker Grupo Cementos de Chihuahua (GCC) in its latest quarterly report were helped by the current weaker exchange rate against the dollar, Mexico City-based financial group IXE analyst Patricio Rivera told BNamericas. GCC posted a 24% drop in net profits to US$116mn last year compared to US$153mn in 2007. However, while operating income fell 18.2%, revenues totaled US$812mn in 2008, an increase of 7.6% compared to the US$754mn obtained in 2007. "The ex... |
Essroc’s cement plant being idled and may be closed for good.03 March 2009, Published under Cement NewsEmployees were told Monday that shutdown of operations will begin at the end of April and extend into the third quarter of this year. The plant employs about 110. Essroc North America told workers last month that it was conducting a study on whether there was enough business to keep the local plant operating. Marco Barbesta, a company spokesman, said the study found that Essroc has too much production capacity to keep the Bessemer operations going. The recession has greatly reduced the dem... |
Cheaper cement from Monday, Malaysia02 March 2009, Published under Cement NewsCement Industries (Sabah) Sdn Bhd announced Friday that the price of cement will be reduced by RM10/t for the East Coast and RM5 for the West Coast, effective Monday. CIS General Manager, Yong Haw Ngen, said it acknowledged the representation of various organisations with regard to the appeal for cement price reduction. He said the price reduction was part of CIS’ contribution to alleviate the difficulties faced by the business community as well as individuals during this current economic ... |
Shuangji Cement to increase capacity by 1Mt02 March 2009, Published under Cement NewsChina Shuangji Cement Ltd announced that it has ceased production of its main 500,000t cement plant in Zhaoyuan City and will begin relocating its equipment and operations to its new 1Mt cement plant in the nearby Zhaoyuan industrial park. As reported previously, the Company received in excess of US$$5m and other concessions from the government to relocate its Zhaoyuan City operations away from the encroaching population to a more industrialized area. The new cement plant should commence pr... |
Port Richmond ground breaking, NY, USA02 March 2009, Published under Cement NewsA construction project that began on Friday will create jobs on Staten Island, reduce traffic and improve the environment within the next two years. Borough Reporter Amanda Farinacci filed the following report. Ground-breaking took place on Friday of a new import cement terminal in Port Richmond, which will create more than 100 permanent jobs for Staten Island and allow for cement to be imported and distributed by water in and around New York City. "Because we won’t be relying on trucks to... |
Bajil expansion to start soon, Yemen02 March 2009, Published under Cement NewsExpansion of the Bajil Cement Plant is to start mid March after disagreements with the company to implement expansion works were settled, the Yemen Cement Industry Corporation has said. The project aims to raise the capacity of the factory to 1.2Mta. The corporation has agreed with a Chinese Company to carry out the plant expansion at a cost agreed earlier estimated at $ 113m, deputy director of the corporation Muhammad Shnieve said. The drop in the prices of basic materials such as iron ... |
India production to grow by 8.1 per cent in FY1002 March 2009, Published under Cement NewsCement production in India is expected to grow by 8.1 per cent and demand is likely to rise by 7-7.5 per cent in FY 10, Centre for Monitoring Indian Economy (CMIE) has said. While there is no visible recovery in cement demand from the real estate sector, the rise in cement dispatches and consumption can be attributed to a healthy demand from the infrastructure construction, CMIE said in its monthly report here. The domestic cement consumption grew by 13 per cent to 15.7Mt for the second su... |
New Nigerian plant proposal02 March 2009, Published under Cement NewsAccording to reports from local press, the CFI Group and a consortium of foreign investors from Spain, has concluded plans to build a cement factory in Nigeria. The company and its partners from Spain is to invest N435bn (US$3bn) in the project The leader of the team of investors Mr. Breaner James, commended the Chairman of CFI group in Nigeria, Dr. Uche Ugbaja and hoped that the project will start before the end of first quarter of 2009. Source: Vanguard, Nigeria |
Belarus’ govt Oks cement loan deal with China02 March 2009, Published under Cement NewsThe Belarusian government has approved the agreement with China’s Exim Bank to take out a US$142.46m loan for Belarus’ cement producer Krasnoselskstroymaterialy to build a clinker line. Belarus’ Ambassador to China Anatoly Tozik will negotiate the loan. President Alexander Lukashenko in 2008 provided tax incentives to facilitate the construction of three all dry process plants with capacities totaling 5.4Mta. The document exempts state-owned Belarusian Cement Plant, Krichevtsementnoshifer... |
China demand to rise by 6.3% in in 2009: NDRC02 March 2009, Published under Cement NewsChina’s cement demand in 2009 is expected to reach 1.541bnt, up 6.3 per cent from 1.449bnt in 2008, said Guo Wenlong, an official with National Development and Reform Commission (NDRC), at an annual cement market forum. He estimated that direct investment from the central budget to the transport and warehouse storage sector would come to CNY300bn (US$43.87bn) by 2010, which will drive another CNY1trn of investment from local governments and business communities. As China continued to moder... |