Cement News tagged under: international
Production at Pennsuco Plant Will Continue03 February 2009, Published under Cement NewsA spokesperson for Titan America said the company is well- prepared to maintain production at the Pennsuco cement plant, to address customer needs and to meet its commitments, despite a new Federal District Court ruling. On January 30, 2009 the US South Florida Federal District Court issued a ruling canceling all permits approved in 2002 for limestone mining in the Lake Belt area of Miami-Dade, with immediate effect. The ruling pertains to nine US Army Corp of Engineers (ACE) permits held b... |
Cement sales still strong, says Lafarge, revealing expansion plans02 February 2009, Published under Cement NewsLafarge will open a cement factory in Saudi Arabia and a readymix concrete factory in Abu Dhabi, said its chairman. "We have readymix concrete plants in Dubai, Sharjah and Ajman and we will start a new one in Abu Dhabi. The factory is under construction and we expect to start production early next year," said Bruno Lafont Chairman and Chief Executive Officer. "We are also pursuing the opening of a cement factory in Saudi Arabia." The Middle East is an important market, he said. "The UAE is... |
Vietnam: cement industry warns of glut02 February 2009, Published under Cement NewsExperts in the Vietnamese cement industry have warned of an oversupply in the domestic cement market, yet there are still more cement factories being built. The supply of cement is forecast to be 10Mt higher than demand this year with 10 new cement factories becoming operational in addition to the 31 existing ones, according to Le Van Chung, chairman of the Viet Nam Cement Corporation’s management board. "According to our calculations, by 2012, enough cement will have been produced to meet... |
Demand for cement to fall, prices under pressure: Grasim02 February 2009, Published under Cement NewsAditya Birla Group’s flagship company, Grasim has said that slowdown in construction activity and commissioning of large capacities would lead to a fall in demand for cement and put its price under pressure. “The slowdown in construction activity and corporate capital investments would lead to slackening of demand. The price of cement and consequently, operating margins, may witness pressure in FY’10 and FY’11 owing to the commissioning of large capacities i n phased manner over the next tw... |
Cemex: US$700m in cost cuts as sales plunge02 February 2009, Published under Cement NewsCemex SAB will cut $700 million in costs to mitigate the effects of the global economic downturn, the company said Friday, a day after posting its first quarterly net loss in a decade. The credit crunch and the slump in the U.S. housing market prompted Cemex to slash $200 million more from operating costs than previously planned, according to Hector Medina, executive vice president of planning and finance. "Our goal is to reduce the company’s cost structure to a level which is consistent w... |
Saudi cement clinker mountain02 February 2009, Published under Cement NewsFollowing the export ban on cement and clinker enacted by the Saudi government in April last year, Saudi producers have been busy stockpiling excess clinker production - a re-run of market conditions last seen in the 1990s. As at the end of December 2008, this clinker mountain had risen to over 8Mt and with stocks being added at about 1Mt per month, its not clear how long Saudi producers will be be able to continue storing such huge amounts, and some, if not all, are believed to be pressing ... |
Askale Cimento invests US$38m in two plants, Turkey30 January 2009, Published under Cement NewsAskale Cimento is to invest USS$38m in two cement plants, established in the cities of Erzincan and Gumushane, news agency Anadolu reports. Chairman of the company’s executive board, Lutfu Celik, said that the company has factories in Erzurum, Askale, Agri, Erzincan and Gumushane, at present. The Erzincan and Gumushane plants have grinding and packaging facilities. Askale Cimento exports products to Iran, Iraq , Russia, Azerbaijan and Georgia. |
Lafarge to move ahead with US$200m Balaka plant, Malawi30 January 2009, Published under Cement NewsLafarge Cement is to invest US$200m in a new cement plant in the southern Malawi district of Balaka, which, according to the country’s Geological Survey Department, hosts deposits containing several million tonnes of limestone. Lafarge Malawi chairperson Thom Kanyuka says the company is fast-tracking the project to ensure that cement production starts this year. He is confident that the project will not be affected by the global financial crisis, which has forced Lafarge to scale back on a... |
Vicat sees weaker start to 200930 January 2009, Published under Cement NewsVicat’s turnover in 2008 declined by 3.7% to EUR2,057m, which represents an underlying reduction of 3.0%. On a comparative basis, turnover in cement advanced by 1.5% to EUR 929m, but in aggregates and concrete there was a 7.8% reduction to EUR 845m, while in other activities there was a 2.4% reduction to EUR 283m. Cement accounted for 45.1% of turnover and concrete and aggregates for 41.1%. Group cement deliveries emerged 0.4% higher at 14.21Mt, while aggregates shipments declined ... |
Cemex’ margins decline30 January 2009, Published under Cement NewsCemex’ turnover was virtually unchanged (+0.1%) in dollar terms last year at US$21,688.5m, but increased slightly by 2.8% in peso terms. The EBITDA declined by 5.3% to US$4,343.1m and the trading profit fell by 16.3% to US$2,486.7m. The net interest charge rose by 18.7% to US$860.0m and, after taking into account losses on financial instruments of US$1353.1m and as very substantial rise in ’other’ expenses, the pre-tax result went from a US$2,770.5m profit in 2007 to a US$1,992.0m loss las... |