Cement News tagged under: international
China to remove caps on coal prices10 December 2008, Published under Cement NewsThe National Development and Reform Commission (NDRC) said yesterday it would remove the pricing caps on coal from next year and adopt a market-oriented pricing mechanism. China had established pricing caps on coal to prevent prices from rising higher than the price on June 19. "The removal of pricing caps would come into effect from next year," the NDRC said in a statement on coal production and demand for 2009. The NDRC, however, said it will adopt a market-oriented coal pricing mechani... |
Assocham urges RBI to increase house loan limit, India10 December 2008, Published under Cement NewsAssocham on Tuesday urged Reserve Bank of India to increase the priority sector home loan limit in order to boost the demand in housing sector. In a survey conducted by Assocham in the wake of raising prices of apartments in major cities in the country, suggested that the housing loan limit classified as priority sector advances should be increased to Rs 40 lakh from 20 lakh in case of the metro cities, which account for 94 cent of the capital investment made in the sector. The survey foun... |
ACC, Ambuja slash prices10 December 2008, Published under Cement NewsJ Datta Gupta, chief commercial officer, ACC, confirmed that the company has reduced prices by Rs 5 a 50-kg bag. Similarly, in a statement, Ambuja Cements, said, "The Company has decided to pass on the benefit of excise duty reduction to the end-user and hopes that lowered prices will help stabilise the demand over the coming months. The price of cement is expected to go down by Rs 4 to Rs 6 per bag from today." Together, the two companies have a capacity of 41 million tonnes (MT), one-fift... |
Holcim Trinco terminal gets nod, Sri Lanka10 December 2008, Published under Cement NewsThe Sri Lanka unit of Holcim has received long-delayed approval for an import facility in the east and also proposed a multi-million dollar plan to revive a defunct factory in the north. Holcim Lanka chief executive Peter Spirig said the company plans to set up a cement import terminal in the eastern port of Trincomalee and later a grinding mill. "There has been some delay. We wanted it five years ago. We’ve now got the necessary permits to put up the facility. Construction will start next... |
Vietnam cement sales to hit 41Mt in 200809 December 2008, Published under Cement NewsVietnam cement sales will reach 4Mn December, up 10%-12% on-year, bringing the total figure to 40-41Mt in 2008, according to the Ministry of Construction. Cement sales reached 35.6Mt in the first 11 months, representing 89.1% of the yearly target, the ministry said. In the 11-month period, clinker imports were reported at 3.2Mt, representing 91.4% of the year’s target. The ministry said earlier that Vietnam will export cement from 2010 as the country is forecast to see oversupply of 5Mt b... |
Taiwan Cement Chinese expansion09 December 2008, Published under Cement NewsWith the mainland Chinese government promising to invest four trillion renminbi to expand infrastructural construction, Taiwan Cement Corporation, a leading producer of cement in Taiwan, plans to continually expand production capacity there. Taiwan Cement chairman Leslie Koo said China’s demand for cement will continue to grow as fueled by its public works projects, with Taiwan Cement to actively bid for such projects in China. Koo expected to see a turning point in operations sometime in t... |
Taiwan Cement Chinese expansion09 December 2008, Published under Cement NewsWith the mainland Chinese government promising to invest four trillion renminbi to expand infrastructural construction, Taiwan Cement Corporation, a leading producer of cement in Taiwan, plans to continually expand production capacity there. Taiwan Cement chairman Leslie Koo said China’s demand for cement will continue to grow as fueled by its public works projects, with Taiwan Cement to actively bid for such projects in China. Koo expected to see a turning point in operations sometime in t... |
Analysts: Qatar enjoys good realty, cement sectors09 December 2008, Published under Cement NewsAnalysts say that both real estate and cement sectors are booming in Qatar as expectations say that 25,000tpd of cement are required to cover the demand of project worth $35 billion expected over the next five years, The Peninsula reported. The Chief Executive Officer of Qatar Real Estate Investment Company, Mohammed Ismail Mandly, said that the real estate sector in Qatar is expanding very quickly, and there are no difficulties in securing the required amount of cement in infrastructure pr... |
Indian cement prices fall as demand slows09 December 2008, Published under Cement NewsWith the spectre of a major slump in demand looming over the peak supply season, cement makers across India have been forced to cut prices in a bid to revive demand. In Mumbai, wholesale prices are currently between Rs 244 and Rs 248 per 50-kg bag, down from Rs 253 during the Diwali season. Cement manufacturers, including biggies like UltraTech and ACC, started offering discounts a month ago. A cement stockist said all the players have since reduced prices. Even so, demand shows no sign of... |
UAE production expected to surpass demand by 201108 December 2008, Published under Cement NewsIn an optimistic scenario, a recent Al Mal Capital report on the cement sector in the UAE anticipates a construction sector growth of 25 per cent and 20 per cent in 2008 and 2009, respectively. This is one of the three possibilities examined in the study regarding the growth of the construction industry and the demand for cement. In the most possible case, the report expects the construction industry to experience a nominal growth of 20 per cent in 2008 and 15 per cent in 2009, while cemen... |