Cement News tagged under: international
Binani inks MoU with Gujarat Govt to set greenfield plant14 January 2009, Published under Cement NewsBinani Cement Ltd today said it has signed a memorandum of understanding (MOU) with Gujarat Government to set up a greenfield cement plant of 2.5Mta capacity in the state with an investment of INR825 crore. The plant will manufacture Ordinary Portland Cement (OPC) and Pozzolona Portland cement (PPC) in various grades and the production of OPC to PPC will be ordinarily 50:50 and will be located in Lodhva village in Sutrapada District of Junagadh. The plant will be completed by December 2010... |
Indonesia’s 2008 consumption up 11.5 per cent14 January 2009, Published under Cement NewsIndonesia’s domestic cement consumption grew 11.5 per cent in 2008 from a year earlier to 38.09Mt, data from the country’s Cement Industry Association showed on Wednesday. However, cement consumption for December edged 0.1 percent lower to 3.13Mt as construction slowed ahead of year-end holidays and on weaker demand areas outside Java, the data showed. Some analysts had said the strong cement sales growth in 2008 was largely supported by higher demand from commodity producing areas, suppor... |
Cement sales in southern Africa slow14 January 2009, Published under Cement NewsCement sales in southern Africa were up 0.8 percent year-on-year (YoY) in December to 921,570t, data from the Cement and Concrete Institute showed on Tuesday. The institute noted that December 2008 had two more sales days than the same month last year, and if the increase is taken into account, total regional sales were 9.3 per cent lower than in December 2007. Regional sales are down 3.9 per cent at 14.719Mt on a year-to-date basis. The moving annual total in southern Africa was down 3.9... |
HeidelbergCement to improve financial structure14 January 2009, Published under Cement NewsHeidelbergCement plans asset sales as part of a sweeping effort to restructure its debts and bolster its capital base, it said on Tuesday. The company said it would tackle its financing structure this year to prepare for debt maturing in 2010 linked to its $16 billion takeover of British builder Hanson two years ago. "HeidelbergCement’s aim is to strengthen its equity capital base and to extend the maturities of its bank financing to improve its maturity profile," it said in a statement. ... |
UAE sees 10% fall in cement prices13 January 2009, Published under Cement NewsCement prices in the UAE have fallen by almost 10 per cent since the last week of December due to declining demand. According to experts, prices could witness a further correction in the forthcoming months. Currently, cement prices in the UAE range between Dh340 and Dh400 depending on the urgency and payment method. According to Joseph VJ, sales manager at Cemex, "Cement prices have fallen by about 10 per cent in January compared to the last week of December. Demand for the product has red... |
India: Dec cement surge could last up to May13 January 2009, Published under Cement NewsThe Indian government’s stimulus package-driven boost to infrastructure has caused a demand pick-up in the cement sector. However, opinions are divided on whether this demand will sustain or fizzle out before the elections. Deutsche Bank analysts Manish Saxena, Deepak Agrawala and Sandeep Palgota said their talks with cement marketing companies and dealers suggest that demand has been boosted by state government project restarts including (a) the sewerage line project in Punjab; (b) the nat... |
Strike won’t affect Polpaico’s operations, Chile13 January 2009, Published under Cement NewsA workers’ strike at Chilean cement firm Polpaico’s concrete producer Pétreos will not affect the company’s production, a Polpaico official told BNamericas. Workers from Pétreos’ union number three began the strike on January 8. The firm held negotiations with the workers for a total of 45 days but failed to reach an agreement on salary increases and end-conflict bonuses, the official said. "We believe the workers’ requests are not in accordance with these times, as the financial situatio... |
Giant Cement layoffs13 January 2009, Published under Cement NewsGiant Cement Company is laying off 45 of its hourly and salaried employees, company officials said Monday. The "current deep recession in the construction sector and resulting sharp reduction in the demand for cement" was cited as the reason for the layoff. "To keep our business competitive, we must reduce our payroll costs," Giant Cement Company President Manuel Llop said. "This is a very difficult but necessary step. We will be losing many valuable and dedicated employees, and we greatly... |
Iran: cement output up 14%13 January 2009, Published under Cement NewsIran produced 34.658Mt of cement in the first nine months of the current Iranian year (March 19-Dec. 20, 2008), showing a 14-per cent rise compared with the corresponding figure of last year. The country’s cement output in the nine-month period exceeded the figure projected in the Fourth Development Plan (2005-10), the Ministry of Industries and Mines said in a fax sent to Iran Daily. From Nov. 21 to Dec. 20, the sector also produced 3.3Mt of cement. Prices of houses and construction mate... |
Brazil cement sales up 14.3 per cent13 January 2009, Published under Cement NewsBrazil’s domestic cement sales rose 14.3% last year to 51.105Mt, according to figures Monday from the National Cement Industry Association (Snic). In 2007, by comparison, cement sales totaled 44.706Mt. In December 2008, cement sales rose 11.1% on the same month of 2007, to 3.969Mt. According to Snic, December sales averaged 172,600 tons per business day, up 3.8% on December 2007 but down 11.6% on November last year. |