Cement News tagged under: international
Lafarge Cement takes Phoenix across the UK07 January 2009, Published under Cement NewsLafarge Cement’s pioneering Phoenix cement is to be established as a nationwide brand, following investment in an additional four production sites at Theale, Thurrock, Seaham and Aberthaw. Phoenix, the leading UK Portland fly ash cement, has been available from selected Lafarge Cement Works for several years, but the extended manufacture and distribution network will make this sustainable cement available to customers across the UK from February 2009. Phoenix is the principal sustainable c... |
Lafarge sets sights on emerging markets07 January 2009, Published under Cement NewsLafarge is pursuing growth in emerging markets in an attempt to counteract the downturn in the construction sector, the Financial Times reports. The group’s chairman and chief executive Bruno Lafont said the business in emerging markets like India, Africa and China was still providing an annual growth of 3-15%. This is in contrast to the slump in western markets, where Lafarge’s business is down 10-20%. The group now wants to take advantage of the growth in housebuilding, infrastructure an... |
3Q: mixed bag for Indian cement companies07 January 2009, Published under Cement NewsThe third quarter of the financial year is expected to be a mixed bag for the Indian cement industry. The cost push has receded with the drop in energy and freight expenses, but demand has also dipped leading to inventory pile up and fall in prices. The top seven cement companies including ACC, Ambuja Cement, Grasim, UltraTech, Birla Corporation, India Cements and Shree Cement, which together command over 75 per cent market share, produced about 43.9Mt of cement in the third quarter of 2008... |
Semen Baturaja production up six per cent06 January 2009, Published under Cement NewsCement maker PT Semen Baturaja said on Friday its cement production in 2008 rose six per cent to 1.067Mt from 2007. PT Semen Baturaja spokesman Sudarman said.overall sales in 2008 were recorded at 1.108Mt. The company had set itself the target of producing 1.2Mt of cement this year, he said. |
Asia Cement’s Sichuan plant seen as cash Cow06 January 2009, Published under Cement NewsWith the inauguration of a kiln on Dec. 28, 2008, Asia Cement Corp., a leading cement maker in Taiwan, will see annual output of its Sichuan plant total 4Mt in 2009, which is expected to generate tens of million renminbi in revenues per year. With the speedy reconstruction work after the devastating Sichuan earthquake in May 2007, the cement price in Sichuan has peaked relative to those in China, which will benefit Asia Cement. The quotation for P42.5-type cement in Sichuan recently surged ... |
Japanese cement firms seen scaling back hike plans06 January 2009, Published under Cement NewsTaiheiyo Cement Corp. will raise cement prices by just 10-15% this coming April, backing away from the roughly 30% increase it indicated in October, according to the latest plans unveiled by the company. The revision in the scale of the planned hikes by the top cement maker comes in light of declining fuel costs. Demand for cement remains stagnant as well. Third-ranked Sumitomo Osaka Cement Co. is also expected to make a similar decision in January. In mid-December, cement was sold for 9,6... |
Cement supplies to be hit if truckers strike goes long, India06 January 2009, Published under Cement NewsCement manufacturers, who are already reeling under the pressure of low demand for the commodity, have raised concerns over the indefinite strike by the transporters from Monday. Transporters, who are demanding removal of service tax, reduction in diesel price by Rs 10 per litre and 35% cut in tyre price, went on strike just two days after the government announced the stimulus package for the industry. However, cement manufacturers said the strike will impact the supplies only if it continue... |
India cement industry seeks support from government06 January 2009, Published under Cement NewsBL reported that the Indian cement sector has expressed its wish for a better deal from the government, though it welcomed the second stimulus package. Mr AL Kapoor MD of Ambuja Cement said that "Boosting infrastructure activities will have a marginal impact as these projects account for just 25% to 30% of the total demand." He however, said that the possible cut in lending rates by banks may revive some of the abandoned housing projects thus improving demand for cement. Mr Kapoor said tha... |
CRH Trading Statement06 January 2009, Published under Cement NewsCRH currently expects to deliver 2008 profit before tax in excess of EUR1.6bn which would represent a mid-teen percentage decline on the 2007 outcome of EUR1.904bn, in line with guidance provided in the Interim Management Statement of 11 November. The company anticipates a lesser reduction in earnings per share as a result of share buyback and the lower expected full year percentage tax charge which was noted in earlier announcements. This, we believe, would represent a significant achieveme... |
Merckle suicide tragedy sparks HeidelbergCement collapse06 January 2009, Published under Cement NewsGerman billionaire Adolf Merckle has reportedly killed himself, as his business empire crumbled under a growing burden of debt, his family says. Merckle, 74, was hit by a train near his hometown of Blaubeuren, southeast of Stuttgart, yesterday evening, Die Welt newspaper reported. Merckle, whose holding company owes banks about 5 billion Euros, owned stakes in HeidelbergCement AG and drug wholesaler Phoenix Pharmahandel AG. Merckle, whose estimated US$9.2bn fortune put him 94th on Forbes’ l... |