Cement News tagged under: international
Clarksville plant site may never be used again08 December 2008, Published under Cement NewsHopes are dimming that another use can be found for a Pike County plant set to close next year. Holcim Inc. announced Nov. 11 that its cement plant on Highway 79 two miles north of Clarksville will shut down, leaving 181 people without work. There had been hopes that 20 jobs could be kept in the facility’s barge-loading and quarry operations. A Holcim spokeswoman said there are no current plans to keep any part of the 3,600-acre site open once operations cease. “We’re still working throu... |
Indian Govt cuts taxes in a stimulus package08 December 2008, Published under Cement NewsGovernment today effected an across-the-board four per cent cut in CENVAT that will bring down prices of cement, cars, textiles and other goods as part of an economic stimulus package that also earmarks an additional Rs 20,000 crore for infrastructure, industry and export sectors. In a virtual mini-budget that entails a revenue loss of Rs 8,700 crore in the next four months, the package seeks to revive the crucial housing, export, automobile, textiles and small and medium enterprises sector... |
Cartelisation in cement: CCP begins hearing08 December 2008, Published under Cement NewsThe competition commission of Pakistan proceeded the hearing against the 17 members of All Pakistan Cement Manufacturers Association (APCMA) for the allegation of abuse of the market by fixing output. The member units of APCMA presented their arguments before the two-member bench of the Commission, comprising of Chairman, Khalid Aziz Mirza and member Rahat Kaunain Hassan. The companies submitted their written arguments as well and strongly objected and negated the impression of formation of... |
Cemex set to resume full-scale cement production08 December 2008, Published under Cement NewsThe kiln at Cemex’s Davenport plant is to go back online Monday after more than three months of sitting idle in the wake of chromium 6 found in the air. The energy-intensive kiln will be warmed up starting today with the first batch of cement expected to roll out sometime Monday afternoon, Cemex officials said Friday. Kiln operations were halted in September during a spell of weak demand for cement from customers, and Cemex volunteered to keep the kiln off after excessive levels of the can... |
Brazil Jan-Nov cement sales grow 14.6%08 December 2008, Published under Cement NewsBrazil’s domestic cement sales rose 14.6% January-November compared with the same period last year to 47.138Mt, according to figures Friday from the National Cement Industry Association (Snic). Construction is a major employer in Brazil and is expected to make an important contribution to GDP growth in 2009. In November, cement sales grew 4.7% compared with the same month last year and 0.7% compared with October 2008. Over the 12 months through November sales grew 14.3% to 50.7Mt. |
Cemex: World Bank division to hear complaint against Venezuela08 December 2008, Published under Cement NewsCemex has said a World Bank arbitration unit has agreed to hear its complaint against Venezuela for expropriating its operations in that country, the company said in a statement. A Cemex spokesman said Thursday that the World Bank’s Washington-based International Center for Settlement of Investment Disputes will mediate in the company’s negotiation process with President Hugo Chavez’s government following the nationalisation of Cemex Venezuela. This August, Chavez expropriated the assets o... |
Cemex Dominicana expects demand to fall 16% in 200905 December 2008, Published under Cement NewsThe Dominican Republic branch of Mexican cement manufacturer Cemex announced that local demand will fall 16% in 2009 as a consequence of the global economic crisis, paper Listín reported. The firm also expects growth in the local construction sector to fall from 2% to negative 4%, Cemex Dominicana CEO Carlos Jacks was quoted as saying. Jacks added that national cement consumption will see a drastic decrease in 2009, falling to 2879t from 3441t in 2008. The construction sector, the country... |
Sibirsky Cement fined RUB50m for restricting competition05 December 2008, Published under Cement NewsRussia’s Federal Antimonopoly Service said Thursday that it had fined cement producer Sibirsky Cement RUB50.298m for concluding agreements that limited competition on the cement market in the Irkutsk Region. The regulator also fined ZapSibTsement, a unit of Sibirsky Cement, RUB1.889m for its involvement in the violations. Sibirsky Cement restricted cement supplies to customers outside the Irkutsk Region to only certain types of cement that were not being used in the region, which constitut... |
Cemex suspends EUR400m investment05 December 2008, Published under Cement NewsCemex has decided to suspend its EUR400m investment project in Poland and is planning to conduct cutbacks in its Polish factories. "We have no guarantee that the investment in our factory in Rudniki will be profitable. In 2008, the demand for cement in Poland stopped growing and the situation is unlikely to change in the near future," says Cemex Polska CEO Luis Miguel Cantu. According to estimates, in 2009 cement sales in Poland will rise only 1.5 per cent. As for Cemex’s investment in R... |
India rail freight up 7-8% for cement companies05 December 2008, Published under Cement NewsIndian Railways has increased the freight classification for cement, coal and petcoke to 150 from 140. This means an increase of 7-8% in freight costs for cement companies. If cement companies decide to pass on the cost increase to consumers, a price hike of between Rs 1 and Rs 2.50 per bag is likely. Railways’ move comes three months before the next budget. Industry body Cement Manufacturers’ Association (CMA) had asked the commerce and industries ministry and Indian Railways to bring ceme... |