Cement News tagged under: international
Layoffs scheduled at Mitsubishi Cement plant02 December 2008, Published under Cement NewsFor the first time in 20 years layoffs are to be implemented at Mitsubishi Cement Corp’s Cushenbury Springs Plant, beginning Friday and lasting at least through the first week in January. Despite best efforts to continue production through the end of the year, Mitsubishi Cement Vice President H.O. “Bud” Biggs said that as a result of the lack of new construction in the area, the product surplus at Mitsubishi is so large that the plant has run out of locations to store the material. “Due to... |
Vietnam’s newly-licenced foreign direct invested projects have cooled02 December 2008, Published under Cement NewsMinistry of Planning and Investment’s (MPI) Foreign Investment Agency (FIA) figures last week indicated that newly-licenced foreign direct invested (FDI) projects in November registered $726m in investment capital - a sharp drop from $2.02bn in October and roughly $9.9 billion in September, when the financial crisis broke out in the US. New projects put total FDI capital in the country between January and November at almost $59 billion - a slightly higher sum compared to $58.3bn during Janu... |
Lafarge starts up cement plant, doubles capacity in Zambia02 December 2008, Published under Cement NewsLafarge SA said it is pursuing its strategy of internal growth in high-potential markets with the inauguration of a new cement plant in Chilanga, Zambia. With a capacity of 830,000tpa, the Chilanga cement plant, which is near Lusaka, represents an investment of around EUR90m and doubles Lafarge’s total capacity in Zambia to 1.3Mt. The new plant is one of the most competitive in the region and should rapidly create value for the group, its clients and the country, Lafarge said. The new Chi... |
KKS cement works re-opening delayed, Sri Lanka01 December 2008, Published under Cement NewsPlans to reopen the Kankesanthurai Cement Factory have been delayed by two months due to security reasons. Reliable sources told The Nation that due to the on-going offensive, the planned US$100m project would be stalled till at least February. “There are concerns that it could become a target under the current circumstances,” sources said, adding that so far the existing factory was in good condition. Lanka Cement Ltd. under the Industrial Development Ministry was to begin renovations to ... |
Mexican cement industry 200801 December 2008, Published under Cement NewsWith a 74% drop in profits posted for 3Q08 by Cemex, the global financial crisis seems to be taking its toll on the country’s cement industry. BNamericas spoke with financial group IXE analyst Rodrigo Heredia about the perspectives for the Mexican cement industry in the light of the current economic turbulence. BNamericas: How has the local cement industry evolved in 2008? Heredia: For the local cement industry, 2008 has been and will be a year of very, very modest growth. Demand for ceme... |
AHW Steels to set up cement plant, India01 December 2008, Published under Cement NewsAHW Steels, a subsidiary of Kolkatta based Bagaria group with diversified interests is now eyeing to enter into the cement business with capital expenditure of Rs12bn, reports Business Standard. It is learnt that the company is in talks with Gujarat government for setting up a cement unit in Kutch and is expected to ink a memorandum of understanding (MoU), the financial daily said. AHW Steels is planning to buy about 1,000 acres of land in Kutch for the cement project. It has sought mining... |
Malaysian construction wants lead time for price increases01 December 2008, Published under Cement NewsThe Master Builders Association Malaysia has requested cement and steel bars manufacturers to provide at least 6 months’ lead time for any announcement on price increase, according to local press reports. Mr Ng Kee Leen president of MBAM said in a statement that this would enable the contractors to allocate provisions to mitigate their cost. He said that "As it is, contractors are facing difficulty in controlling cost of projects and committing to timely delivery of projects and the cement ... |
Indian producers demand rational tax structure01 December 2008, Published under Cement NewsWith no room to hike prices as demand slips and fresh capacities coming up, cement manufacturers have urged the government to rationalise the tax structure for the industry in order to sustain the 10 per cent growth. Despite being an essential infrastructure input, taxes and other government levies constitute 60 per cent of the ex-factory price of cement, making the building material the highest tax contributor among the commodities required for infrastructure. The industry pays around Rs 9... |
Namibia cement shortage01 December 2008, Published under Cement NewsA serious shortage of cement has hit the building industry, with the smaller building contractors crying foul. So desperate is the situation that unscrupulous dealers are selling the available cement at inflated prices. The contractors blame the sole supplier of cement to Namibia, AfriSam, for allocating the bulk of the product to bigger projects. The bulk of Namibia’s cement comes from AfriSam (formerly known as Holcim) in South Africa. Cashbuild Windhoek said this week it has had no stock... |
Northwest China to expand capacity01 December 2008, Published under Cement NewsResponding to China’s CNY 4 trillion economic stimulus plan, listed cement producers in northwestern China are expanding their production capacity. Qilianshan Cement Group Co., Ltd, a Gansu- based cement producer, announced on Thursday that it planned to build a 3,000tpd line for the wholly owned subsidiary Gangu Qilianshan Cement Co., Ltd. Of the total planned investment CNY 454.68m, 35 per cent will be raised by the listed company itself. The new NSP cement production line is expected to... |