Cement News tagged under: international
Unabated fall in cement sales leads to price dip17 December 2008, Published under Cement NewsContinuous fall in local cement sales compelled the manufacturers to reduce the price of cement by Rs 10 to Rs 15 per 50 kg bag in the local market, sources said. Local cement sales have depicted a decline of 16 percent to 7.95 million tonnes during first five months (Jul-Nov) FY09, according to the provisional numbers for November 2008. Uncertain political and economic conditions continue to hamper infrastructure as well as private sector development projects in the country resulting in l... |
Permit to build haul road across Davidson Canyon won’t be revoked17 December 2008, Published under Cement NewsPima County will not revoke a flood-plain use permit that allows California Portland Cement to build a haul road across Davidson Canyon. Supervisor Ray Carroll, whose district includes the canyon southeast of Tucson, had asked the county to take back the permit after the state declared Davidson Canyon an "outstanding Arizona water," deserving of the highest levels of protection under state law. Portland Cement plans to mine limestone in the canyon under a mineral lease from the state Land ... |
India: housing loans become cheaper17 December 2008, Published under Cement NewsIn an effort to boost the sagging economy the Government has decided to make banks reduce the interest on the housing loans. It is perceived that a heightened activity in the housing area would boost the economy by increase in spending. The prices of steel and cement are on an all time low and so the houses would cost less. The interest rate on a house costing about 20 lakh is about 9% and if the house costs about 5 lakh it would be 8.5%. But the flip side of this story is that consumers a... |
US Housing starts continue to plummet17 December 2008, Published under Cement NewsBuilders broke ground on the fewest new homes in at least half a century, as a deepening economic contraction raised the risk of deflation. Housing starts fell 18.9 percent to an annual rate of 625,000, according to the separate report from the Commerce Department. Worsening residential construction means the economy will likely shrink 6 percent or more this quarter, the most since the early 1980s, some analysts said. The figures helped cement the case for the Federal Reserve as it lowered... |
NTPC in talks with Lafarge17 December 2008, Published under Cement NewsIt is reported that NTPC and Damodar Valley Corporation are in talks with Lafarge to set up manufacturing units in the locality of their power projects in order to meet the government’s mandate of complete utilization of the produced fly ash. The companies are mulling to set up separate JV’s with Lafarge for the purpose. Shree Cement and ACC have responded to NTPC’s tender inviting interest to set up JV’s for manufacturing cement as well. However, the cement companies are not very keen on e... |
ACC to shut down its Kilns at Gagal (HP)17 December 2008, Published under Cement NewsCement manufacturer ACC is shutting down one of its Kilns at Gagal (HP) due to poor cement demand in both Himachal Pradesh (HP) and Punjab on account of economic slowdown. Himachal Pradesh and Punjab are showing negative demand of approximately 8% as compared to last year and has resulted in increase of clinker stocks at Gagal works in HP, necessitating a shutdown of manufacturing operations for balancing the clinker stocks. The poor demand scenario coupled with duty free and CENVAT (CVD) ... |
Cemex expects reported EBITDA to drop 27%17 December 2008, Published under Cement NewsCemex is predicting a turnover of some US$22,900m for 2008, an increase of 5.7%, but including Rinker for a full year, rather than six months. At the EBITDA level, the result is expected to at some 4% down at US$4,400m and will have included the Canary Islands, Austrian and Hungarian operations whose sales have been agreed. In the fourth quarter, the underlying turnover is expected to record a decline of approximately 10% on a turnover some 14% lower. However, because of asset disposals, ... |
Cemex opens concrete plants in London and Birmingham16 December 2008, Published under Cement NewsCemex has announced that it has opened two new concrete plants at Stepney in London and Oldbury in Birmingham, reports Contract News. The UK£2.2m Stepney plant is able to produce more than 180m3 of concrete per hour. Its twin mixer units – which are capable of producing the higher strength concretes that are increasingly in demand – have built-in ’recyclers’ to significantly reduce waste disposal. The UK£1.2m Oldbury facility includes a full reclaim system, which reduces the ongoing cost... |
China’s company to build cement plant, Tajikistan16 December 2008, Published under Cement NewsChina’s Xinjiang Trade and Industry Corporation, San Bao, intends to build a cement plant with the rated cement capacity of 1Mta in Tajikistan, according to press service of Tajikistan’s Chamber of Commerce and Industry (CCI). This and other cooperation issues were discussed at a meeting of the CCI head Sharif Said with visiting top managers of Xinjiang International Trade and Industry Corporation in Dushanbe on December 12. During the meeting, representatives of China’s company said tha... |
TXI Employee Honored with Safety Award16 December 2008, Published under Cement NewsTuexas Industries, Inc announced that Frances Petty was awarded the Distinguished Health and Safety Achievement Award at the annual meeting of the Western Region Joint Mine Conference held in Denver, Colorado. Frances Petty is the Manager of TXI Manufacturing Resources for TXI’s Cement Division. In her position, she oversees the Cement Division’s Mine Safety Program. "Over her 48 years with TXI, Frances has been involved in many facets of the company, but none as important as our safety pro... |