Cement News tagged under: international
India Cements seeking third bulker21 November 2008, Published under Cement NewsChennai-based India Cements Ltd (ICL) is said to be planning to add a third bulker of around 40,000dwt to its fleet. Sources add that ICL is eyeing an acquisition from domestic owners including Shipping Corp of India (SCI), Essar Shipping and Great Eastern Shipping, all of which are looking to dispose of older bulkers. However, ICL shipping-division president Krishnamoorthy Shankar told TradeWinds: "We will certainly not be buying any vessel until March next year." The company is waiting ... |
Katavsky Cement contributes to economy recovering of South Ossetia21 November 2008, Published under Cement NewsOn November 20 it was announced, that Closed Joint Stock Company Katavsky cement of the Holding Eurocement group rendered charity support to peaceful citizens of the Republic of South Ossetia which turned out victim of Georgia’s military aggression. The plant sent a cement wagon to the consignee’s station located in Vladikavkaz town. Bulk cement will be used in construction of new buildings in the fraternal republic. Earlier, some other plants of the Holding Eurocement group also provided ... |
IDB supports Argentine cement company Loma Negra’s investment plan21 November 2008, Published under Cement NewsMedium-term financing for expansion of production capacity and environmental measures to reduce emissions. The Inter-American Development Bank will provide a loan of up to US$25m to Loma Negra, Argentina’s leading cement producer, to help finance the company’s US$235m, five-year capital expenditure programme. The IDB loan is expected to be complemented with up to US$75m in additional lending from commercial banks. This operation will allow Loma Negra, which is owned by the Brazilian congl... |
Malaysia: demand risk for Lafarge21 November 2008, Published under Cement NewsA slowdown in construction activities will weaken demand for cement in the first half of next year, after registering modest growth in 2008, analysts said. CIMB Research said demand growth in 2008 would be no more than five per cent, on expectation demand will continue shrinking in the fourth quarter, a view shared by Lafarge Malayan Cement Bhd (LMC). “For 2009, although LMC agreed that demand for cement will drop, especially in the first half, it did not commit to any guidance. We continu... |
European cement cartel probe could lead to UK£4bn in fines21 November 2008, Published under Cement NewsFive major manufacturers under investigation as European Commission raids offices across the continent and face a total fine of up to UK£4bn if they are found guilty of forming an illegal cartel. Earlier this month, European Commission officials raided UK and European offices of Holcim, Cemex, Lafarge, and HeidelbergCement – as well as Dyckerhoff in Germany – on suspicion of illegal cartel activity. If the firms are found guilty, they could be fined up to 10 per cent of their combined worl... |
Demand for Cement in Taiwan expected to surge in 200920 November 2008, Published under Cement NewsWith public works projects being pushed ahead by the government, the demand for cement in Taiwan will grow 20 per cent YoY to reach 14Mt in 2009, said KY Lee, president of Asia Cement Corporation, a major listed cement maker in Taiwan. More optimistic is the Goldsun Development & Construction Co., a leading supplier of ready mixed concrete, who anticipates the overall demand for ready-mixed concrete will grow over 40 per cent YoY in 2009. The overall expenditure for select public works pro... |
Cement sector facing stern challenges20 November 2008, Published under Cement NewsPakistan’s cement sector is currently facing stern challenges emanating from a wide spectrum of socio-economic risks including contracting economic activities, slowdown in GDP growth and construction activities, and high input costs. These negative developments, along with the prevailing credit crunch and rising interest rates, have further constrained the industry’s prospects. Cement industry has a positive correlation with the GDP growth rate. The major domestic demand drivers for the sec... |
UAE- cementing demand20 November 2008, Published under Cement NewsThough built on strong foundations, and with expansion plans in the pipeline, the cement industry of Ras Al Khaimah (RAK) could be facing leaner times as the global economic crisis puts pressure on the construction sector in the Middle East. Of the 13 cement production facilities currently operating in the United Arab Emirates (UAE), five are based in RAK. This is mainly due to the emirate’s large deposits of limestone and other minerals necessary for the manufacture of cement. This abunda... |
Essroc, Lafarge, St. Marys idle cement kilns20 November 2008, Published under Cement NewsIn addition to the Holcim (US) Missouri and Michigan plant closings, sharp declines in Portland cement consumption throughout the Great Lakes are forcing shut down of clinker production at St. Marys Cement, Dixon, Ill., and, Lafarge North America, Woodstock, Ont., sites. The kilns have combined clinker capacity of about 1Mta. Both companies (as well as Holcim) have indicated plans to continue the mills’ grinding and/or distribution operations. The capacity cuts coincide with marked drop of... |
Holcim retrenches US operations with 1500 job cuts, two mill closings20 November 2008, Published under Cement NewsAn economic downturn and shrinking construction activity has taken its toll on Holcim, the world’s second-largest cement maker, which is in the process of slashing 1500 US and 500 UK jobs by the end of this year. Company officials report that sales of cement, aggregates and related materials fell 12 percent in the first nine months of 2008, and anticipate the slowdown continuing through 2010. Missing its forecast with a 23 per cent drop in third-quarter net profit and with construction i... |