Cement News tagged under: international
Sichuan cement ex-factory prices rise 38.3%28 August 2008, Published under Cement NewsThe average ex-factory price of cement in Sichuan province was CNY 432 per ton in the first half of August, up 0.93 per cent than the second half of July and up 38.3 per cent than the same period of last year. Prices of ordinary portland cement with 32.5 strength degree averaged CNY 398 per ton, an increase of 2.1 per cent and price of ordinary Portland cement with 42.5 strength degree were CNY 448/t, up 1.8 per cent than the second half of July and 36.2 per cent over the same period of las... |
Phosagro AG to invest US$40.7m modernisation, Russia28 August 2008, Published under Cement NewsPhosagro AG, the managing company of the Phosagro group, plans to invest between RUR600mn (US$24.4m) and RUR1bn (US$40.7m) in modernisation of the Soligalich cement plant in the Kostroma Region on the Volga. The project will be carried out in three stages. Phosagro is a major Russian chemical company headquartered in Moscow with operations across Russia. Its production facilities include Apatit, Ammophos, Cherepovetsky Azot and other companies. |
Indian cement prices set to fall 15-20%28 August 2008, Published under Cement NewsIndian cement manufacturers, which are facing cost pressures and government intervention on pricing front, may face more trouble as cement prices are set to decline 15-20% by fiscal 2009-10, analysts say. A research analyst from foreign brokerage said the cement manufacturers have announced capacity additions, which would bring additional supply of around 18Mta leading to lower capacity utilisation, which may drop below 80% from 100% now. "The government would not let them hike prices a... |
Holcim Vietnam set to double capacity with new plant28 August 2008, Published under Cement NewsThe Peoples Committee of the Mekong Delta province of Kien Giang has licensed Holcim Vietnam Ltd. to build its second clinker production line at the Hon Chong cement plant. Work on the construction of the US$656m production line with a daily capacity of 10,000t of clinker will start in January 2009. Apart from the Hon Chong cement plant, Holcim Vietnam is currently operating another cement station in Ho Chi Minh City. With an annual capacity of 3.6 million tonnes of cement and more tha... |
Saudi Dana Holding to invest US$395m in cement firm28 August 2008, Published under Cement NewsSaudi privatley-owned Dana Holding will invest SAR1.48bn (US$395m) to establish a cement company in Al-Baha, southwestern Saudi Arabia, Al-Watan daily reported on August 27, 2008. The company will be called Dana Al-Baha Cement and will have a daily capacity of 10,000t of cement, said Houssein bin Duajjam, managing director of Dana Holding. Dana Holding has recently signed memorandums of understanding with nine unnamed companies from Germany, the UK, China, South Korea, Lebanon and Saudi ... |
Cement production up by 5.1% YoY in January-July28 August 2008, Published under Cement NewsProduction of cement in Cyprus rose by 5.1 per cent over the year-earlier period to 1.16Mt in the first seven months of 2008, from 1.1Mt in January-July 2007. This growth was slightly higher than in 2007, when production rose by 4.8%. However, sales of cement this year have been totally absorbed by local production, as there were no exports of cement or clinker in the first seven months of the year. In 2007 Cyprus exported 62,969t of cement. |
Holcim raises stake in Serbia unit28 August 2008, Published under Cement NewsHolcim has raised its stake in its Serbian unit, Holcim Serbia, by 7.08 per cent to 99.4 per cent for CSD749m (US$12m), according to local press reports. Small shareholders currently hold 0.6 per cent in the Serbian firm. At present, Holcim holds 2.286,3 million shares in Holcim Novi Popovac. It paid CSD4600 (US$74) per each of the 162,815 shares making up the 7.08 per cent stake. The company’s shares last traded on the Belgrade Stock Exchange on July 10, closing at CSD4600 dinars, up ... |
Cemex handing plants to Chavez, Venezuela28 August 2008, Published under Cement NewsCemex has agreed to hand over control of its Venezuelan subsidiary to a board appointed by the country’s government, opening the door to price talks, Venezuelan Vice-President Ramon Carrizales said. Negotiators from the government and the Monterrey, Mexico-based company signed the agreement late yesterday, President Hugo Chavez said in a cabinet meeting shown on Venezuelan state television. A transition committee appointed by Venezuela took over Cemex’s plants and Caracas headquarters Au... |
Cimpor ahead in spite of lower Iberian numbers28 August 2008, Published under Cement NewsCimpor raised its first half turnover by 8.3% to EUR1,011.6m, with almost half of the increase, or EUR36.1m, coming from the initial consolidation of the operations in China and India. The EBITDA was negatively affected by higher kiln fuel and electricity costs and lower volumes in Spain and Portugal and declined by 6.0% to EUR279.1m. An 11.0% increase in depreciation and provisions charges led to a 12.2% reduction in the trading profit (EBIT) to EUR190.8m. A jump in the interest charge f... |
Mini cement units to hike prices in Gujarat27 August 2008, Published under Cement NewsSoaring input costs have forced mini cement units in Gujarat, India to initiate price hikes despite sluggish demand due to monsoon. The cement manufacturers are planning to increase prices by Rs 10 per bag. Presently, of the 150 mini cement production plants located in Gujarat only 75-odd units are functional. With fewer orders expected in the ongoing monsoon season, the production has been curtailed to 3500 to 4,000tpd. “Small units have smaller orders in comparison to leading companies. ... |