Cement News tagged under: international
Groupe Bruxelles Lambert increases Lafarge stake05 February 2009, Published under Cement NewsAccording to Hemscott, Belgian daily L’Echo reported that Groupe Bruxelles Lambert (GBL), an investment holding company, has acquired an additional 0.35 million shares, representing a 0.2% stake, in Lafarge S.A., a manufacturer of cement and other construction materials, for EUR39 million. GBL has increased its stake from 17.4% to 17.6%. |
India production: too early to say worst is over05 February 2009, Published under Cement NewsThe shares of cement companies have been moving up again, on the back of a decent rise in January dispatches for some companies. Industry data show that cement production and despatches increased by 12.6% and 12.7% YoY in December, after growing by 9.8% and 12% YoY in November. The government’s numbers show that all-India growth in cement production was 8.7% in November and 11.6% in December. The momentum is likely to be kept up in January—the Aditya Birla group has said that cement product... |
Cemex expects lower volumes in 200905 February 2009, Published under Cement NewsWith the continuing weakening of Mexican building activity, Cemex is expecting its domestic cement deliveries to decline by around 5% this year in spite of forecasting an increase in civil engineering activity. Thanks to the better outlook for infrastructure spending, ready-mixed concrete deliveries are expected to decline by just 2%. Without assuming any effect that the recently announced public spending programme in the United States might have later in the year, Cemex’ US cement delive... |
Shree Cement Jan shipments up 30 per cent04 February 2009, Published under Cement NewsShree Cement of India said on Tuesday its January shipments rose 30.43 per cent to 750,000t, from 575,000t a year earlier. Total shipments between April 2008 to January 2009 rose 25.35 per cent to 6.18Mt from 4.93Mt a year ago, it said in a statement. The firm has a capacity to produce 8Mt of cement annually at its plant in the northern state of Rajasthan. |
Pakistan cement sales for Jul-Jan up three per cent04 February 2009, Published under Cement NewsTotal cement sales in Pakistan increased by around two per cent in January and stood at 2.31Mt compared to the same month of previous year, First Capital Equities analysis stated on Tuesday. On cumulative basis, cement dispatches during the first seven months of fiscal year 2009 (Jul-Jan 2009) depicted some three per cent nominal increase totalling 16.65Mt compared to 16.21Mt during the same period last year. Higher cement export volumes remained the main reason of growth, as domestic dema... |
April 15 is day for Holcim closing in Clarksville04 February 2009, Published under Cement NewsHolcim workers have been told the Clarksville cement plant will shut down by April 15. “We continue to work with our employees to make sure they have what they need through this transition,” said spokeswoman Nancy Tully. Tully said the assistance includes “internal and external resources,” which she declined to identify because it’s what she called an “employment issue.” Tully said a few workers will remain after April 15 to finish grinding operations, but she didn’t have numbers or how l... |
Cemex hikes Mexican cement prices04 February 2009, Published under Cement NewsCemex said on Tuesday it had increased its domestic bagged cement prices by MXP138/t (US$9.5), citing higher raw material costs. Cemex said the price increases took effect on Feb. 1 in Mexico, one of its biggest markets. "The cost of the main raw materials to produce cement have grown at a faster rate than the market price," Cemex said in an email to Reuters. Cemex said it hiked bulk cement prices by 92 pesos a tonne, although it declined to give the increase as a percentage or any furthe... |
Dyckerhoff delays Russian and Ukrainian investments03 February 2009, Published under Cement NewsThe preliminary results from Buzzi Unicem’s subsidiary Dyckerhoff show a 1.4% reduction in group cement shipments to 17.32Mt, entirely because of the 10.8% drop in the United States. Turnover, however rose by 10.7% to €1,969m, and ready-mixed concrete deliveries increased by 9.0% to 8.22Mm³. Capital expenditure jumped by 91.2% to €346m, and around €330m is likely to be spent in 2009. The German turnover rose by 17.6%, or by 13.1% at the underlying level, to €595m. While cement shipments ... |
India cement despatches stays strong in Jan03 February 2009, Published under Cement NewsCement demand continued to remain strong in January with the three major cement producers – ACC, Ambuja Cement and Aditya Birla Group – posting a quantum jump in their dispatches. ACC managed to cut down its inventory marginally by selling 1.89Mt while its production was at 1.87Mt in January. Both production and output rose 12 per cent when compared to January 2008. Ambuja Cement output was up four per cent at 1.61Mt (1.55Mt), while sales improved five per cent to 1.63Mt (1.55Mt). The Adi... |
Libya to construct EUR116m cement plant in Sebha03 February 2009, Published under Cement NewsWork will start on the construction of "Fezzan Gara Mahrou gha" cement plant in Sebha, in the southern part of Libya in the next few days, promoters of the project told PANA Sunday. According to the promoters, the plant would be constructed on an area of 600 hectares, with a capacity of1Mta of cement. They said the project was funded by the Libyan Economic Development Fund and production was expected to start in 2010. Libya in 2008 signed contracts with several foreign companies for the c... |