Cement News tagged under: international
UAE’s Ministry of economy reaches price agreement on cement15 July 2008, Published under Cement NewsThe UAE Ministry of Economy Monday announced the list of cement outlets and agents who have agreed to sell cement at AED18 (US$4.91) per bag at stores within the city limits and for AED19 per bag in outlets that are away from the city. His Excellency Mohammed Ahmed Bin Abdul Aziz Al Shihhi, Undersecretary at the Ministry of Economy, said that the agreement completes the memorandum of understanding that the Ministry of Economy signed on May 2008 with cement manufacturers in the UAE to enhan... |
Cement production up by 3.5% to 1.6Mt in June15 July 2008, Published under Cement NewsUkrainian cement production rose 3.5% in June 2008 compared with June 2007, to 1.56Mt. It also increased 3.5% in June, compared to May. In January-June cement production rose by 12.3%, compared to January-June 2007, to 7,770 tons. This is in contrast to May 2008 when cement production fell by 4.4%, compared with May 2007, to 1,493,000 tons. In 2007 production of cement rose by 9.1%, as compared with the same period of 2006, to 14,989,000 tons. |
Chinese cement prices up 3.12% in June15 July 2008, Published under Cement NewsPrices of ordinary Portland cement reached CNY 321/t, inching up 1.9% from the previous month. Those of Portland slag cement reached CNY 369/t, 3.07%; and those of compound Portland cement, CNY 302/t, 4.5%. Soaring coal prices, which account for 20%-plus of cement’s production cost, are believed to be the major driver for the cement markup. On June 30, prices of Shanxi Datong bituminous coal (5,800 Kcal/kg) reached around CNY 560 a ton, soaring about CNY 140 a ton from May-end. |
Algeria, Iran sign EUR220m cement plant deal15 July 2008, Published under Cement NewsIran and Algeria signed an agreement to build a cement plant at a cost of EUR220m in the north African country, the head of the Algerian Chamber of Commerce and Industry (CACI) said on Monday. CACI head Brahim Bendjaber added in remarks carried by Algerian official news agency APS that Iran would have a 51 per cent stake with Algeria owning the remaining 49 percent in the plant, which would have a capacity of 1Mta. Bendjaber, who was speaking at a meeting between Iranian and Algerian busin... |
India cement-makers’ profits set to slump15 July 2008, Published under Cement NewsThe Indian cement industry is set to see some tough times, according to the Business Standard of India, with margins likely to fall further in the June quarter. The industry’s profit may decline an average 15 per cent in the quarter due to a government-directed freeze on cement prices, export ban, drop in the growth of despatches (YoY), poor realisation, increased input costs, Gujjar movement in Rajasthan and rise in freight charges due to rise in fuel costs. "The June quarter earnings a... |
Venezuela stake in cement makers will be defined in August15 July 2008, Published under Cement NewsVenezuelan President Hugo Chávez decreed the nationalization of foreign-owned cement companies last April and stressed that the government would own at least 60 per cent of the shares in each firm. To move forward towards nationalization, the Congress passed last June a law for the organization of the cement industry. According to the law, the parties have 60 days to negotiate an agreement. Presently, representatives of the Venezuelan government are assessing the financial reports provid... |
Inteco seeks buyer for its cement stake, Russia15 July 2008, Published under Cement NewsInteco, owned by Elena Baturing, is seeking a buyer for its stake in the cement business. The offer was sent out almost a year ago, according to a source close to Inteco. The deal organizer is Aquila Capital Group, which recently sent out documentation to all potential buyers; according to a source close to Aquila, the winner will be chosen via a closed tender (no date set as yet). A source from one of the companies that received the offer says that Inteco is selling two factories in the K... |
Brazil’s June cement sales rise 13.9% YoY15 July 2008, Published under Cement NewsCement sales in Brazil rose 13.9% in June compared with the same month last year, to 4.21Mt, according to figures Monday from the National Cement Industry Association (SNIC). Sales per business day grew by 11.3% in the same comparison, but fell 1% from May. "Cement consumption is within our expectations," said SNIC’s executive-secretary José Otávio Carvalho. From January through June, domestic cement sales rose 14.8% to 24Mt. In the 12 months through June, sales grew 13.7% to 47.8Mt. S... |
Konya invests TRY 1.1m in Mersin facility, Turkey14 July 2008, Published under Cement NewsTurkish cement producer Konya Cimento is to invest TRY 1.09m in a ready-mix concrete plant, located in the city of Mersin. In the statement issued to the Istanbul Stock Exchange, Konya Cimento elaborated that initially it expected to invest TRY1.25m in the plant but the actual figure is a lower TRY1.09m. Konya Cimento’s Mersin ready-mix concrete plant became operational last year. |
ETA Star to build cement plant at Ras Al Khaimah, UAE14 July 2008, Published under Cement NewsGulf News reported that Dubai based reported that ETA Star Group, a property developer and construction company, will be investing US$150m (AED 550m) in a new cement plant in Ras Al Khaimah under the Star Cement name. Mr Hamed Salahuddin MD of ETA Star Group said that the new plant, commissioned for last quarter of this year, will add 2Mt of production capacity to their existing 3.5Mt. He added that "We are pushing ourselves in the direction of manufacturing.” |