Cement News tagged under: international
Azerbaijan demand to reach 3.9Mt in 200822 September 2008, Published under Cement NewsGaradagh Cement, the largest producer of clinker and cement in Azerbaijan, is forecasting further demand increases in the country. Garadagh Cement Sales & Marketing Department Chief Balint Kato said under Garadagh Cement forecasts, last year demand for cement in Azerbaijan registered 3.7Mt. “This year we expect it to grow up to 3.9Mt. At the same time (taking into account clinker import from other countries) country’s production will not exceed 2Mt,” B.Kato said. In 2007 the OJSC produced... |
Irish Cement considers price increases22 September 2008, Published under Cement NewsIrish Cement, a subsidiary of construction materials group CRH, is considering increasing the price of cement by as much as 18 per cent despite a fall-off in cement sales due to the construction slowdown. The move has enraged some players in the domestic construction industry already suffering from the falling price of houses and the impact of the credit crunch. Seamus Lynch, managing director of Irish Cement, last month wrote to customers warning that current indications were that it woul... |
Growing demand sees rise in new Romanian plant projects22 September 2008, Published under Cement NewsThe boom in Romania’s construction market in recent years has led to a significant growth in demand for cement, amid a shortage for housing, office space and commercial areas, local daily Business Standard reported on Friday. Last year, existing cement production units almost reached their maximum capacity. To cope with the demand, producers announced investments worth hundreds of millions of euros to expand production capacities or build new factories. Austrian Strabag group, one of the t... |
Galchev sends a signal22 September 2008, Published under Cement NewsFilaret Galchev, owner of Russia’s largest cement company Eurocement, informed Holcim after the Swiss market closed on Friday that he had just built up a 6.52 per cent shareholding in the world’s No 2 cement producer. This tied in with a sharp rise in Holcim’s share price late Friday which saw it increase rapidly from CHF94 to CHF110 at the market close. The Swiss stock exchange initially reported that there had been a mistrade, but later corrected its statement to report that it was an actu... |
Sri Lanka Tokyo Cement goes green to revive profitability19 September 2008, Published under Cement NewsSri Lanka’s Tokyo Cement group, whose profits dipped last year owing to higher raw material, energy and transport costs, says new eco-friendly processes and products should help it revive profitability. Chairman Edgar Gunatunga said the firm has commissioned a bio-mass power plant and will soon commission a new vertical roller mill at its cement manufacturing factory in the eastern port of Trincomalee. Tokyo Cement is a joint venture between Mitsui Mining Company, the largest coal-mining c... |
FLSmidth To Acquire Assets Of American Engineering Company CEntry19 September 2008, Published under Cement NewsFLSmidth, CEntry Constructors Engineers, Inc., and The Layton Companies, Inc. have entered into an Asset Purchase Agreement for the sale, effective 1 October 2008, of the engineering assets of CEntry to FLSmidth. CEntry is a leading designer of grass roots industrial plants, expansions, upgrades and specialized maintenance packages for the mining and industrial sectors. With a staff of qualified engineers and technicians, CEntry’s expertise can now be combined with the offering of FLSmidt... |
Shree Cement sees demand slowing down in FY0919 September 2008, Published under Cement NewsShree Cement expects demand to ease during FY09 due to a slowdown in the real estate market, a senior company official said on Friday. Prices are also under pressure due to mismatch in supply and demand, Executive Director M.K. Singhi told reporters on the sidelines of an industry event. Cement production rose 32 per cent to 6.3Mt cement in the year ended March 2008. Clinker production rose 32 per cent to 4.6Mt. |
Holcim Romania mulls up to EUR500m in new cement plant19 September 2008, Published under Cement NewsHolcim Romania, a unit of Holcim, mulls investing up to EUR500m in the construction of a new cement plant in the county of Cluj, northwestern Romania, Bucharest-based daily Ziarul Financiar reported on Thursday. "We are considering Mihai Viteazu village to invest in a cement factory and if the project is launched the investment will reach EUR400-00m," Ziarul Financiar quoted Holcim Romania spokesman Mugur Badarau as saying. Holcim Romania is currently in talks with the Cluj County Council... |
Siam Cement believes 9% growth is achievable19 September 2008, Published under Cement NewsSiam Cement expects to see its turnover increase by about 9 percent this year to THB70bn revenue from over THB60bn last year. Growth would come from the continuing rise in key product trading volume such as coal, scrap steel and used paper to serve its parent company, Siam Cement and increasing demand for construction materials worldwide. SCT remains positive about growth prospects for the latter half of the year though it needs to focus on risk control. "Domestic factors remain unclear a... |
MRTPC breather for Lafarge in 1990 cement cartelisation case19 September 2008, Published under Cement NewsAllowing an application of the cement major Lafarge India Ltd, anti-monopoly watchdog MRTPC has relieved it from cartelisation charges in the cement industry for 1990, and observed that the company was not in existence at that time. The Monopolies and Restrictive Trade Practices Commission said the cement plant, which was bought by Lafarge in 2000, was run by its previous owner Raymond Woolen Mills during 1990, against which it had passed an order that restrained around 35 cement firms alon... |