Cement News tagged under: international
Lower fuel cost, higher sales boost cement profit26 January 2009, Published under Cement NewsThe domestic cement industry, which performed dismally during the July-September quarter (2Q), is set to post better profits for the October-December quarter (3Q) on account of higher sales volume, lower fuel and packaging cost. Though only a few cement companies have declared their 3Q numbers, the initial trend points to a better performance than 2Q for the industry. “The primary reason behind better performance in this quarter is improved volumes and lower fuel cost. The company has a... |
Cement factory plan awaits EIA , Malaysia26 January 2009, Published under Cement NewsThe state government is backing a proposal to set up a cement factory in Malim Nawar, despite protests from some residents. Senior state executive councillor Datuk Ngeh Koo Ham said the state government is waiting for the environmental impact assessment on the project to be approved by the Department of Environment. He dismissed the objections, saying those who had spoken out against the project lived more than 5km away. "Most of those who live near the site are in favour," he said after ... |
Cemex suspends production plant in Spain26 January 2009, Published under Cement NewsCemex has been forced to suspend production at its Villanueva y Geltrú plant in Spain’s Barcelona due to the slump in demand, paper El Semanario reported. The firm will convert the plant into a distribution center and concentrate production in its other Spanish plants, Spanish paper El País reported. When cement sales first dropped in Spain, companies such as Cemex and Holcim had to adapt their structures to the new market scenario. This will imply partial or total closure of production p... |
Holcim Philippines eyes temporary halt in operations26 January 2009, Published under Cement NewsHolcim Philippines, Inc. may temporarily shut down its kilns in response to an expected weakening of sales, officials have said. The company is considering halting production for as much as six weeks at a time to cut costs, Holcim Philippines Chief Operating Officer Ian S. Thackwray said. "I am expecting to have shorter production ... and close kilns for six weeks. There is a chance that we will periodically [shut kilns down]. We are preparing for it," Mr. Thackwray told reporters at the si... |
Indian demand likely to remain robust in January23 January 2009, Published under Cement NewsThe Indian cement industry, which surprised the market with its high growth in sales in December at a time when market was anticipating lackluster demand, is likely to repeat the good show in January as well. Industry as well as the sector analysts said that so far demand has been good in the current month. In December, the industry clocked a growth rate of 12.11 per cent (YoY) with a despatch figure of 16.01Mt against 14.28Mt. The growth rate till October was around 7-8 per cent. Industry ... |
Saudi cement companies likely to cut production?23 January 2009, Published under Cement NewsSome Saudi cement companies are reportedly considering a halt on some production lines and cutting on production staff, sources have told Gulf News. "The continuing export ban amid signs of a construction slowdown by mid 2009 has forced cement companies to take drastic steps to avoid huge losses in profits," according to sources at the cement companies. Officials admitted that these steps will be difficult for the companies. "However, we have no other alternative unless the government is r... |
Holcim Apasco to invest in Sonora plant, Mexico23 January 2009, Published under Cement NewsHolcim Apasco will go ahead with plans to invest US$200m this year to build a new production plant in Sonora state, in spite of the global financial crisis, local press reported. Construction of the plant – which is located 23km from state capital Hermosillo – will require a total investment of US$400m and is expected to start operations in 2010. The plant will guarantee the supply of high quality cement for infrastructure projects that the federal government has planned, especially in the... |
Japan cement sales hit 39-year low23 January 2009, Published under Cement NewsJapanese cement sales fell to their lowest level in 39 years in 2008 due to a slowdown of both public and private construction projects. Sales fell 9.6 per cent from the previous year to 50.47Mt, the Japan Cement Association said Thursday. Cement production declined 5.4 per cent to 67.58Mt. |
Central Kazakhstan suspends production, cut staff23 January 2009, Published under Cement NewsWork has stopped at two cement plants in central Karaganda Region at once, according to reports from the BBC. The heads of the companies say that there are no orders [for cement] and prices for the construction material have dropped. Meanwhile, residents of a village nearby the cement plants worry that the production crisis may last for a long time and they may lose their jobs. Management say that the holidays and cutting the work hours are caused by the economic crisis. There are no orders ... |
Azerbaijan output decreases five per cent FY0822 January 2009, Published under Cement NewsCement production in Azerbaijan reached 1.601Mt in January-December 2008, down 5.3% from January-December 2007; AzerPress reported citing figures from the state statistics committee. Garadagh Cement is the principal producer of cement in Azerbaijan; it produces 1-1.4Mta meeting 50 per cent of total domestic demand while the rest is imported. |