Cement News tagged under: international
Philippines: price of construction materials expected to rise04 August 2008, Published under Cement NewsThe price of construction materials, specifically cement, is expected to increase due to the continued increase in coal prices. “The price of coal continues to go up,” Holcim Philippines Inc. chief financial officer Ed Sahagun told The STAR in a telephone interview. The price of coal now is more than double when compared to a year ago. Coal now is at $130 from only $60 last year. Sahagun said they expect coal prices to hit $140. He did not say by how much cement prices will increase sa... |
Sri Lanka to give cement plant contract to Birla04 August 2008, Published under Cement NewsSri Lanka wants to give India’s Aditya Birla group a contract to revive a defunct cement plant in Kankesanturai, in the northern Jaffna peninsula, owned by the listed Lanka Cement, construction minister Rajitha Senaratne said. Senaratne told news website Vimasuma.com that President Mahinda Rajapaksa had recently given him instructions to have a joint venture with India’s Birla group to revive the cement plant. Last month, Industrial Development Minister Kumara Welgama, under whom comes t... |
Tarmac to double British cement output04 August 2008, Published under Cement NewsTarmac, a subsidiary of the Anglo American mining group, generated a first half turnover 9.0% higher at US$2,439m (EUR1,585m), while the EBITDA declined by 10.7% to US$291m ( EUR 189m) and the trading profit fell by 22.0% to US$163m ( EUR 106m). Higher energy costs and tough trading conditions in Great Britain and in Spain explain the declining profit performance. The sale of the Spanish operations to Holcim for some EUR 148m has been agreed and should be completed in the third quar... |
Italcementi’s net profit falls by 37%04 August 2008, Published under Cement NewsItalcementi’s first half turnover declined by 4.5% to EUR2,814.7m and the running EBITDA fell by 15.4% to EUR589.1m. The trading profit declined by 22.4% to EUR381.3m and the net attributable profit by 36.6% to EUR132.0m. The net debt at the end of June stood at EUR2,608.3m, equivalent to a gearing level of 58.7%. Cement and clinker shipments in the first half declined by 1.4% to 30.2Mt, while the continued exclusion of Calcestruzzi produced sharper reductions in the downstream operations a... |
Pakistan government investigating cement price rise01 August 2008, Published under Cement NewsThe government of Pakistan has started an investigation to ascertain reasons behind the substantial increase in cement prices, which jumped up to an average of Rs384 per bag in the domestic market. The Economic Coordination Committee (ECC) of the cabinet in its meeting held with Finance Minister Syed Naveed Qamar in the chair on Wednesday asked the finance ministry to furnish a detailed report regarding price increase in cement, which jumped up from Rs280 per bag to Rs384 per bag in recent ... |
Nepal: Hetauda cement factory halts production01 August 2008, Published under Cement NewsThe lingering fuel crisis in Nepal is all set to affect the construction sector as the Hetauda Cement factory has completely shut down production since early this week, as petroleum could not be supplied. Ramesh Kumar Aryal, General Manager of the cement industry, was quoted as saying by the government-owned news agency RSS that the industry has closed production because dozers, loaders, and dumpers could not be operated, as diesel was not available. He said the industry needs 1,000 litres... |
Indocement, SG plan production hikes01 August 2008, Published under Cement NewsTwo of Indonesia’s major cement producers plan to increase their production capacity to meet rising domestic demand, but they remain cautious about potential shifts in market conditions that could push up costs. Publicly listed PT Indocement Tunggal Prakarsa (Indocement), the country’s second-largest cement maker, said Thursday it expected to raise its production capacity to 21-22Mt, from its current 17.1Mt, over the next four years. The company is now in the process of constructing a ne... |
JK Lakshmi Cement begins work on 2.7Mt plant01 August 2008, Published under Cement NewsJK Lakshmi Cement Ltd, flagship of JK Organization, has commenced work on the 2.7Mt greenfield cement plant at Durg, Chhattisgarh with an investment of over Rs 1,100 crore. The plant is scheduled to be commissioned by 2011. The company is enhancing clinker capacity and installing a split location grinding unit at Kalol in Gujarat to take its capacity from 3.65Mt to 4.75Mt this year. The cement capacity expansion would be completed by December 2008. On completion of the Chhattisgarh plant... |
Cemex USA begins meeting cement demand abroad01 August 2008, Published under Cement NewsCemex announced that it has loaded the first vessel to begin exporting cement from its Tampa cement terminal. The strategic move to turn its Tampa facility from an import operation into a cement export operation indicates the demand abroad for Cemex USA’s high quality cement. “This is an illustration of our ability to leverage the global Cemex network to maximise our assets in the United States,” said Gilberto Perez, President of Cemex USA. “We are pioneering the exporting of cement from a... |
New cement plants ease pressure on Saudi supply01 August 2008, Published under Cement NewsExpansions in 2007 and the completion of three new projects in the first half of 2008 have eased pressure on cement supply in Saudi Arabia despite a surge in domestic demand because of a construction boom, a leading Saudi bank said yesterday. The Gulf Kingdom’s 11 cement plants produced nearly 9.38Mt in the first half of this year, an increase of nearly 16.9 per cent over the same period of 2007, the National Commercial Bank said in a study, sent to Emirates Business. "The market for cemen... |