Cement News tagged under: international
Russia cement makers halt plans as demand shrinks15 October 2008, Published under Cement NewsCement producers in Russia, are slashing their expansion plans as demand from property developers shrinks due to the credit crisis, Kommersant reported on Wednesday. Only 15 per cent of the projects now in the planning phase will be carried out, the business daily reported, citing the head of the Russian cement makers’ union, Vyacheslav Boltenko. Lafarge, the other European major working in Russia, is moving ahead with development plans despite the downward trend in demand, the Kommersant ... |
Egyptian-Kuwaiti pool of investors to set up new cement factory in Minya15 October 2008, Published under Cement NewsA pool of Egyptian-Kuwaiti pool of investors are to set up a new factory in Minya. The Egyptian investors will hold 71.4 per cent of the ownership (or LE 70m paid in capital) while their Kuwaiti counterpart will get 28.6%. The factory is scheduled to start production by mid 2009. The new facility is expected to produce around 900,000t each year, of which 65% will be directed to foreign markets (35% of the new plant capacity will be allocated to the domestic market). ’The Egyptian Ministry ... |
Pakistan cement exports up 43 per cent15 October 2008, Published under Cement NewsCement exports in Pakistan increased by 43 percent to 2.39Mt in first quarter (from July to September) of current FY09 over 1.677Mt of the corresponding period of last fiscal 2007-08. All Pakistan Cement Association Pakistan (APCMA) released the latest sales data for the first quarter (from July-September) of current FY09 on Tuesday. The export of cement continued to show positive momentum, as export figures inflated by over 43 per cent in said period, analysts said, adding that at the sam... |
No fresh contracts with Pakistan cement suppliers14 October 2008, Published under Cement NewsCement importers have stopped entering into fresh contracts with Pakistani suppliers as the weak rupee has turned imports unattractive. No new contract has been finalised in the last 15 days and importers say they do not plan to enter a contract unless situation changes. These importers are also demanding a price reduction from the suppliers. Most of these importers have valid letters of credit (LC) to import but they have asked Pakistani suppliers to halt shipments. It is only the actual ... |
Cement demand still likely to outrun supply, despite plans for new capacity14 October 2008, Published under Cement NewsA new 2.2Mta cement plant being planned by a Nigerian firm and its local partner will likely still find buyers for its product, as additional capacity would be needed in future, an expert said on Monday. "There is little doubt that the cement market’s fundamentals will tighten in the medium to longer term and that additional capacity will be needed to support heightened demand in infrastructural markets, " commented Absa corporate and business bank construction and infrastructure GM Peter S... |
Pakistan: cement and textile sectors face gas load shedding14 October 2008, Published under Cement NewsUntimely shutting down the Qadirpur field for emergency maintenance has left the industrial sector in the lurch, as it forced Sui Northern Gas Pipeline Limited (SNGPL) to curtail gas supply to cement, textile, and many other industries from October 11. In the first phase, the SNGPL has picked up cement and textile sectors to face the gas load shedding. The gas supply to these key industries has reduced to half of the routine level. Likewise, other industries will face the same level of shor... |
China’s output of cement in July 200814 October 2008, Published under Cement NewsChina produced 119,432,000t of cement in July 2008. The output in January-July reached 767,458,000t, up 6.3 per cent YoY, according to the National Bureau of Statistics. |
Uganda: Tororo municipality to sue district over UGX284m14 October 2008, Published under Cement NewsCouncil has threatened to sue the district authorities over non-remittance of UGX284m in ground rent. In a terse communication by the town mayor, Jack Ogola, to the chief administrative officer, Flex Osoku, the council accused the district of failure to pay ground rent and loyalties since 2001. Ogola said the arrears of ground rent could be traced way back in 1999. The mayor further noted that when Tororo Cement factory was privatised in 2001, the district failed to remit its due share of r... |
Sinoma is to build a cement line with Shui On Cons14 October 2008, Published under Cement NewsSinoma said its subsidiary, Tianjin Cement Industry Design & Research Institute, has signed an agreement with Shui On Construction and Materials for the construction of a 5000tpd cement production line at CNY869m. |
RUGE Capital - A new payer in cement production14 October 2008, Published under Cement NewsA new player RUGE Capital has appeared in the cement production market in Georgia. From US$200 to US$300m will be invested by the partnership of Georgian-American Company RUGE Capital and Firebird Fund in building a new cement factory. “We’ve been investing in Georgia since 2004. We’re one of the largest shareholders of the Bank of Georgia and we’ve been familiar with Georgia for a long time. Our main competitor on the market will be Heidelberg Cement who has the largest share on the market... |