Cement News tagged under: international
Java to offset cement slowdown in outer islands25 September 2008, Published under Cement NewsIndonesia has arguably witnessed the start of a cement consumption slowdown in the outer islands, with consumer confidence deteriorating due to lower prices, writes analyst Andhika Suryadharma, in the Jakarta Post. According to Indonesian domestic cement consumption figures, areas outside of Java booked a 9.5-per cent month-on-month and a 4.1-per cent YoY decline to 1.3Mt in August 2008. On the flip side, Java proved to be more resilient posting 1.9 per cent month-on-month growth despite a... |
Essroc raising cement prices, US25 September 2008, Published under Cement NewsEssroc Cement Corp. is raising prices on cement-based products by US$15 per ton, citing rising production costs driven by higher energy prices. The price increase is effective Jan. 1. It applies to Essroc’s entire cement line. The Nazareth-based company said it agreed to the price hike despite attempts to increase efficiency and reduce overhead. "We have been confronted with operational costs rising at an unprecedented rate during the past two years," Michael Colella, senior vice presiden... |
Trade recommends removal of cement import tariff25 September 2008, Published under Cement NewsPhilippine Trade and Industry Secretary Peter Favila Wednesday said he would recommend the removal of the import tariff on cement to bring down the local prices. Favila’s comments came after Holcim Philippines Inc. and Lafarge Cement announced they planned to raise cement prices in October by as much as PHP12 a 40kg bag. The government currently imposes a 3% tariff on Portland cement imports from within Southeast Asia and 5% from other regions. "Hopefully, imported cement will give compet... |
Holcim likely to get more loans from IFC25 September 2008, Published under Cement NewsPT Holcim Indonesia Tbk is considering to get more loans from the World Bank unit International Finance Corporation (IFC). Holcim has asked for US$150m loan from IFC, and the figure may increase to US$200m including from the other members of the syndication. The company will seek such amount of money to develop 1.7Mt cement plant in Tuban of East Java. The Relationship Management Director Holcim Rusli Setiawan said the company is finalising the loan figure. "It may be higher or lower than... |
Lafarge to expand investment in North Korea25 September 2008, Published under Cement NewsLafarge says it will expand its investment in North Korea. A public affairs official from the firm on Thursday told Radio Free Asia that it will increase its investment in facilities at the Sangwon Cement Complex near Pyongyang. The investment is expected to boost the plant’s annual cement production to 3Mt by 2010. |
Cement import accords signed, Bahrain24 September 2008, Published under Cement NewsUnited Cement Company has signed contracts with two companies to import 200,000t of cement this year. Company general manger Nadhem Al Shaikh said that negotiations are being held with another international company to import 50,000t of cement in six months. The three contracts will result in covering the shortfall in the country’s demand of cement. |
Otedola set for cement foray, Nigeria24 September 2008, Published under Cement NewsCompetition in the cement and sugar manufacturing sectors of the economy is set to heighten with the entry of billionaire businessman, Mr. Femi Otedola, into the fray. The sectors, currently dominated by Alhaji Aliko Dangote, are set to receive an investment injection of US$2bn (about N240bn) from Otedola. This disclosure was made by Mrs. Yewande Giwa, Otedola’s legal adviser, to journalists in Lagos yesterday. Although she did not give a comprehensive breakdown of how much would go into ... |
New cement order to FLSmidth in India24 September 2008, Published under Cement NewsFLSmidth has signed a contract with Prism Cement worth DKKm225 for the supply of machinery and equipment for a new cement production line with a capacity of 7200tpd to be located at its plant site in Satna Madhya Pradesh in central India. FLSmidth is to supply the machinery and auxiliary equipment comprising two ATOX raw mills, an ATOX coal mill and a kiln system with a two string six-stage ILC preheater, an SF Cross Bar cooler and two UMS ball mills for cement grinding. FLSmidth’s Indian... |
Holcim Indonesia set to increase income24 September 2008, Published under Cement NewsPT Holcim Indonesia said it is set to register a 30 per cent increase in income to Rp4.88 trillion (US$530m) this year from Rp3.75 trillion last year. The company is optimistic it will perform better in the second half of his year than in the previous six months, company’s relations management director Rusli Setiawan sad. Rusli said in he first half of this year the company posted Rp2.05 trillion in income or an increase of 28 per cent form the same period last year. Cement consumption has... |
HeidelbergCement makes further investment in Russia24 September 2008, Published under Cement NewsIn mid-September, HeidelbergCement acquired 75.1% of the shares in the Russian company OAO Voronezh Rudoupravlenie. In the Strelitsa quarry, 10km outside the city of Voronezh, the company extracts around 550,000t of clay and 250,000t of silica sand per year through open-cast mining. With a population of around 1m, Voronezh has excellent links to the road and rail network as well as waterways in southwestern Russia. In addition, the Strelitsa quarry is in a strategically favourable location fo... |