Cement News tagged under: international
Saudi cement producers 7% drop05 November 2008, Published under Cement NewsAccording to Al-Riyadh newspaper (November 3, 2008), an official report shows that the sales volume of the operating cement companies in the Kingdom of Saudi Arabia fell by SAR250m, which is equivalent to 7.1%, in the first nine months of 2008 compared with the same period last year. The report relates this sales withdrawal to the cement export suspension decision earlier this year. |
Vicat moves into Mauritania05 November 2008, Published under Cement NewsVicat’s turnover for the first nine months of the year declined by 3.1% to EUR1,582.8m, which represents an underlying reduction of 1.3%. On a comparative basis, turnover in cement improved by 2.8% to EUR711m, while in aggregates and concrete there was a 5.7% reduction to EUR651m and a pretty stable (-0.4%) performance in other activities at EUR220m. The cement volume was 0.3% lower at 10.85Mt. Aggregates deliveries declined by 1.8% to 16.11Mt and sales of ready-mixed concrete were down ... |
Regulators raid Holcim, Lafarge, Cemex05 November 2008, Published under Cement NewsRegulators launched a dawn raid on the offices of Europe’s biggest cement producers yesterday as Brussels embarked on a new inquiry into industry practices. Lafarge confirmed that its cement business in France, Germany and the UK had been visited by European Commission investigators. "I can confirm that an investigation is ongoing,’’ it said. "We are co-operating with the authorities." Holcim did not comment on why the offices were being searched and said it was cooperating fully. "EU ant... |
Benue plans new cement company, Nigeria04 November 2008, Published under Cement NewsDespite the teething problems facing the Benue state government-owned Igumale Cement Company in Ado local government area, Governor Gabriel Suswam has laid the foundation stone for another cement company at Mbatiav near the Benue Cement Company (BCC), Gboko. Speaking at the ceremony, the governor said the cement company would be built by Fanison International Nigeria Limited at the cost of $299m. Suswam said the project would take three years to be completed and announced that it would be ... |
Siemens new order, Namibia04 November 2008, Published under Cement NewsThe Industry Solutions Division of Siemens Ltd. India, Mumbai, has won an order from Polysius AG, Beckum, to supply the complete turnkey electrical equipment to Ohorongo Cement in Otavi, Namibia. Ohorongo Cement is to be set up as a subsidiary of the German Schwenk Zement KG and is the first cement works to be built in Namibia. It is scheduled to come on stream by December 2010. The German company, Schwenk Zement KG, is investing in the construction of Namibia’s first cement works. The stat... |
Holcim Philippines reconsidering 2009 investments04 November 2008, Published under Cement NewsWith declining demand for cement in the local market and the lowering of prices in other countries, Holcim Philippines Inc is already discounting the possibility that it will pour in new investments for any expansion project next year. Ian Thackwray, Holcim Philippines chief operating officer, said the consequence of the bearish condition in the domestic and global markets is that the company will have “very limited capital expenditure” for 2009 and will, therefore, exercise “caution on inv... |
Indonesia: Central Java Governor will approve new plant04 November 2008, Published under Cement NewsDespite residents being against the construction of a cement plant in Pati, Central Java Governor Bibit Waluyo will still approve the Gresik Cement project. “This project must continue,” he said. Bibit argued that withan investment value of Rp3 trillion, the project can bring a better standard of living for people in Central Java as well as job opportunities for more than 1,000 people. |
Pakistan cement sector 1Q growth down by 15% YoY04 November 2008, Published under Cement NewsPakistan cement growth registered a 15.43% decline in the first quarter of this fiscal (July- September 2008). A total of 4.833Mt was sold compared to 5.715Mt during similar period in 2007. Overall economic downturn, political instability, law and order situation has delayed the launching of new projects. Domestic cement utilisation growth YoY was down by 20%. However, an increase of 57.54% was recorded in cement exports in the first quarter of the fiscal year. Pakistan exported 2.5Mt ceme... |
China Gezhouba to increase cement investment04 November 2008, Published under Cement NewsChina Gezhouba Group Company Limited, a state-owned company engaged in water resources and hydropower projects, is to have an investment increase in three cement production line projects, according to China Gezhouba Water & Power. The company will lift its investment to CNY 570m from CNY 432.0736m in the 4,800tpd new dry-process cement lines of Gezhouba Ziling Cement Co., Ltd.; add its investment to CNY 600m from CNY439.6953m in the 4800tpd new dry-process production lines of Gezhouba Dangy... |
ACC cement dispatch down 3.4% in Oct04 November 2008, Published under Cement NewsIndian producer ACC today reported a total cement dispatch of 1.7Mt in October, a decline of 3.4 per cent over 1.76Mt reported in the same month last year. The company also reported a total cement production of 1.74Mt in October this year, a fall of 1.13 per cent over the 1.76Mt production during the same month last year, ACC said in a statement. The cumulative cement dispatch from January-October increased by 2.98 per cent to 17.23Mt from 16.73Mt reported during the year-ago period. Cumu... |