Cement News tagged under: international
Two ministries struggle over Kankesanthurai plant, Sri Lanka20 October 2008, Published under Cement NewsThe Industrial Development Ministry (IDM) and Construction and Engineering Services Ministry (CESM) are both trying to get approval for two Indian cement companies, to invest in the Kankesanthurai cement plant. IDM is leaning towards Ramco Group, which has Madras Cements Ltd., as an investment possibility, while CESM has multi-national conglomerate Aditya Birla Group in its corner. Both ministries had completed feasibility studies, but IDM had moved ahead in the game by gaining cabinet appro... |
Belarus output up 10.7 per cent in first nine months of 200820 October 2008, Published under Cement NewsBelarus’ cement output in the first nine months of 2008 totaled 32Mt, a 10.7 per cent YoY increase, according to the National Statistics Committee. Cement output reportedly amounted to 392,900t in September, or 2.6 per cent less than in August and 17.9 per cent more than in September 2007. The Belarusian government had set itself the task of increasing the domestic cement supply by 47 per cent in 2008 to 5.4Mt and 9.5Mt by 2010. |
Kuwait Cement Co to double clinker capacity20 October 2008, Published under Cement NewsKuwait Cement Company plans to double its annual clinker capacity by adding a second clinker production line in the third quarter of 2008, the company said in a filing to the Kuwait Stock Exchange (KSE) on October 16, 2008. The new clinker line will have an annual capacity of 2.5Mt. Kuwait Cement has already awarded a KWD12.45m (US$46.9m) to an unnamed local company for the construction and infrastructure works on the expansion project. The contract is to be completed by end-August 2010. |
Prosperity Minerals cuts full-year guidance20 October 2008, Published under Cement NewsProsperity Minerals Holdings Ltd said Monday full-year earnings will be substantially below market expectations as slowing growth in China cuts demand for cement and iron. The company, which owns a cement factory and iron ore trading business in China, said the demand for cement and iron ore in China is expected to weaken during the second half. Chinese steelmakers have cut production by 20% as demand falls, while new residential and commerical property projects are being cancelled or post... |
Holcim postpones plans for new Brazil factory20 October 2008, Published under Cement NewsCarlos Eduardo Almeida, commercial director and commercial relations director of cement manufacturer Holcim Brasil announced that plans to build a new factory, which the company was to announce at the end of this year, are temporarily suspended. ’We were studying the possibility of expanding our plant in Minas Gerais and building a new unit. We are talking about R$1.6bn (US$740m). But you have to be careful,’ he said. Last year, Holcim announced an expansion plan to spend almost R$2bn (US$... |
Malaysia demand for cement expected to grow three per cent20 October 2008, Published under Cement NewsThe Malaysian cement industry is forecasting a cement demand growth of about three per cent to 16.33Mt this year compared with 2007 when demand was 15.46Mt, said the Cement And Concrete Association of Malaysia Friday. "Whilst there are signs of an economic slowdown and a corresponding slowdown in construction activities, we are quite optimistic that the government would be launching initiatives that would bring impetus for greater economic growth," said its chairman, Tan Sri Abdul Razak Ram... |
Merrill Lynch invests US$40m in Sichuan17 October 2008, Published under Cement NewsMerrill Lynch & Co, one of the former Wall Street’s top five investment banks, recently invested about US$40m into Sichuan Zhiquan Special Cement, a cement manufacturer in Sichuan, which was badly damaged by the earthquake on May 12, according to the Sichuan Provincial Department of Commerce. The move aims to enhance the cement production there. Under the in-between agreement, the investment will be used to upgrade Zhiquan Special Cement’s manufacturing technology, enlarge its production ca... |
Sinoma unit wins EUR12.885m contract in Cyprus17 October 2008, Published under Cement NewsChina Sinoma International Engineering Co Ltd said in a filing with the Shanghai Stock Exchange that its subsidiary CBMI Construction Co Ltd has inked contract worth EUR 12.885m to help Vassiliko Cement Works Ltd build a cement production line in Cyprus, market sources reported. According to Sinoma International’s filing with the Shanghai Stock Exchange, this contract is complementary to an agreement signed between the two parties earlier. The designed capacity of the cement production l... |
Spanish cement consumption falls17 October 2008, Published under Cement NewsCement consumption in Spain fell in September by 24.7 per cent compared with the same month in 2007, the steepest drop so far this year. Over the first nine months of 2008, the decrease was 19 per cent YoY, with cement use totalling 34.6Mt. In response, cement production in Spain has also plummeted. The amount of cement made in the country between January and September was 18 per cent less than during the same period last year. The data come from Oficemen, the Spanish association of cement ... |
India: cement despatches up but demand still slow17 October 2008, Published under Cement NewsCement despatches may have grown in September after a lull, but demand is yet to pick up. While north India is showing signs of revival and the south continues its cement-hungry streak, other parts of India haven’t snapped out of sluggishness. Analysts said that demand in north has picked up somewhat after the September quarter. Due to this, cement makers may increase prices from Rs 245-248 per bag now. Fuelling the demand is a fall in imports from Pakistan after the hike in freight charge... |