Cement News tagged under: international
PNG’s capital goes through a cement shortage19 November 2008, Published under Cement NewsPapua New Guinea’s capital, Port Moresby, is experiencing a shortage of cement, with demand out-pacing the supply due to an increase in construction activities in the city and elsewhere in the country. The newspaper, the National reports, the Lae-based Taiyeho Cement, the nation’s only producer and supplier of cement, was unable to meet a tripling of demand amid an economic boom partly brought on by increased activity in the mining and resource industry. This is fuelling growth in other se... |
China’s Sinoma says Nigeria cement projects delayed19 November 2008, Published under Cement NewsChina’s Sinoma International a subsidiary of China National Materials Co Ltd said on Wednesday that a Nigerian partner plans to alter contracts in cement projects worth a combined US$3.25bn. Sinoma said its partner Dangote Group intends to cut prepayments or postpone the start of construction on some projects, but it was unclear how many projects would be affected and it planned further discussions with the group. Sinoma signed contracts in February and July of this year with Dangote to bu... |
Cement industry says bailout should include public works19 November 2008, Published under Cement NewsThe Portland Cement Association (PCA) warns that without a second economic stimulus plan the US economy could lose two million jobs next year. The Portland Cement Association says stimulus packages should include money for public works and government construction projects to help create jobs in sectors hit by the housing slide and tight credit environment. “Times are tough. We need a government stimulus package that creates jobs throughout the nation,” said PCA economist Ed Sullivan. “Infr... |
Indonesia’s Oct domestic cement demand up 24.3 per cent YoY18 November 2008, Published under Cement NewsIndonesia’s domestic cement consumption in October rose 24.3 per cent to 3.11Mt, industry data distributed by PT Semen Gresik Tbk showed on Thursday. State-owned Semen Gresik, the country’s largest cement maker, said its total sales in October, including exports, rose eight per cent to 1.45Mt. |
Iran: 60Mt of cement produced annually18 November 2008, Published under Cement NewsAn official said that 60Mt of cement are produced in the country per year. Addressing a seminar of cement sellers in Kerman on Monday, a member of board of directors of Iran’s Chamber of Commerce Mehdi Raeiszadeh further added that cement production will reach 65Mt by March 2009. Referring to financial crisis in the world, he further said that it has also had impact on cement market as demand for the product has declined. One of the factors behind the decline is the inflation which has br... |
HDFC Securities’ report on Indian cement sector18 November 2008, Published under Cement NewsWe remain negative on the Cement Industry due to a) addition of new capacities which will result in under-utilisation of new as well as existing capacities b) addition of new capacities which will weaken the pricing power of manufacturers c) government’s negative attitude towards the industry from the beginning of the year 2007 d) increase in operating costs resulting in lower margins in a scenario where it will be difficult for the manufacturers to pass on the cost hikes e) slowdown in... |
UK: jobs threat as cement works shuts18 November 2008, Published under Cement NewsCement manufacturing is to end at a plant in South Cambridgeshire and 87 workers are facing redundancy. Cemex plans to stop cement making at Barrington and is meeting employee representatives to discuss details A company spokesman said: "In total there are 87 employees on the site who are at risk of being made redundant." The plant produces 250,000tpa of cement and production is to be transferred to "more efficient" plants in Warwickshire and North Lincolnshire. "Cement manufacturing at ... |
UK cement firms in CO2 pricing fears18 November 2008, Published under Cement NewsProposed EU rules aimed at ensuring cement firms pay for carbon dioxide emissions could kill the industry in the UK, warns the British Cement Association. The BCA says EU plans to make cement firms buy carbon emission allowances will price the UK’s £755m industry out of the market and will lead to more than 6000 job losses. Research by the Boston Consulting Group confirms the BCA’s fears - it says the UK’s industry would be at risk of offshoring, as it would become cheaper to import cement... |
Holcim may rethink India expansion18 November 2008, Published under Cement NewsSwiss cement giant Holcim, promoters of India’s top two cement manufacturers — ACC and Ambuja Cements — may review the current capacity expansion projects in the country amid global slowdown and poor pricing situation. India is one of the growth markets for Holcim in the Asia-Pacific region, which is witnessing a decline in demand for cement. The world’s second largest cement-maker, which saw a dip of 23 per cent in its profits for the September quarter, has decided to shut units in Spain a... |
Brighter outlook for Lafarge18 November 2008, Published under Cement NewsLafarge Malayan Cement Bhd’s third quarter (3Q) earnings surpassed market expectations, prompting an upward revision in the firm’s forecast earnings and share price performance. ECM Libra tweaked its earnings per share (EPS) estimates higher by between 35 per cent and 48 per cent to 40.4 sen, 45.1 sen and 45.9 sen for Lafarge in financial years (FY) 2008, 2009 and 2010 respectively. This is in anticipation that the cement producer’s operating costs will decline, amid stable selling prices... |