Cement News tagged under: international
Concern over decline in demand, Philippines12 June 2008, Published under Cement NewsApart from the rising cost of raw materials, power and fuel, Cemex Philippines is said to be concerned over the decline of the demand for its product this year compared to last year. Although lawyer Darwin Mariano, Cemex Philippines public affairs director, declined to provide figures on the demand for their products in the market, he admitted that it is “lower” this year and it is not as much as last year. One of the possible factors for the slowdown, he said, was the delay in the signing... |
Fresh row erupts over cement importation12 June 2008, Published under Cement NewsThe Nigerian Federal Government’s decision to allow the importation of bagged cement into the country has continued to generate controversy, with stakeholders in the industry querying the criteria adopted in selecting beneficiary companies and awarding licences to them. Five companies - Bua, Madewell, Minaj, Lababibbi and Regan - have reportedly been selected by the Ministry of Commerce and Industry to import the cement in 50kg bags, although they are not known to have any investment in th... |
Sri Lanka Holcim unit says cement market slowing11 June 2008, Published under Cement NewsA senior company official from Holcim Lanka there has been a slowdown in demand for cement from the island’s construction sector as people find it difficult to build owing to escalating costs. "We’re lobbying the consumer affairs authority to increase our prices," Holcim Lanka chairman Manilal Fernando said. "We feel cement is not an essential item and it should not be price controlled. Cement by itself is not enough to build – you need steel, metal (rock) and sand. I’m the binder – to mak... |
Cimsa receives approval for acquisition of ready-mixed cement plants11 June 2008, Published under Cement NewsTurkish cement producer Cimsa Cimento Sanayi has announced that the competition board has approved the company’s acquisition of Bilecik Hazir Beton’s eight ready-mixed plants. In November last year, Cimsa agreed to buy Bilecik Hazir Beton’s assets which include the plants, 85 transportation and heavy duty vehicles. |
Qatar to freeze cement, steel prices11 June 2008, Published under Cement NewsQatar plans to impose a three-year freeze on cement and steel prices as well as extend a diesel subsidy for another year to offset the impact of inflation at a near-record 14.75 per cent, a newspaper reported on Tuesday. "Contractors can now work without having any fears about any price rise in construction materials, namely steel, cement, sand..." Prime Minister Sheikh Hamad bin Jassim bin Jabr al-Thani said, according to a daily. "Any future price rise of such materials in the global mar... |
HeidelbergCement and Italcementi in technical agreement11 June 2008, Published under Cement NewsItalcementi and HeidelbergCement are to jointly further develop the photoactive binders market. This follows an agreement whereby Italcementi will licence HeidelbergCement to manufacture and market a number of Italcementi developments in the photocalytic cements and other binders in a number of European countries and in parts of Canada and the United States. This covers mainly markets in which Italcementi is not producing cement, though there are exceptions such as Belgium, and notably cov... |
Cement plants risk oversupply11 June 2008, Published under Cement NewsWhile Vietnam is facing a cement shortage, the situation may reverse by 2010 when a series of cement plants start up, warned the Vietnam National Cement Association (VNCA). According to VNCA, total output of cement facilities nationwide is estimated to be standing at 36Mta, while local demand hit nearly 40Mt, leading to the shortage. However, around 28 new cement plants are being designed to produce an additional 20Mt, expected to be put into operation in 2008-09. Another 18 cement fac... |
Sichuan Yadong Cement third-phase project to start10 June 2008, Published under Cement NewsTaiwan-funded Sichuan Yadong Cement Co, Ltd. is to start the construction of its third cement production line in Pengzhou City, China’s southwestern Sichuan Province, according to an agreement it inked with the city government on June 5. It also is the city’s first investment order after an earthquake that happened in the province on May 12. Tang Chuanping, deputy secretary general of the city, said that the company had suffered comparably huger losses from the earthquake although the ci... |
Iranian company to build cement factory in south Kyrgyzstan10 June 2008, Published under Cement NewsAn Iranian company, Mapsa, has applied to invest EUR150m in a cement factory in the city of Taskomur in Kyrgyzstan, the company’s managing director told IRNA. Ali Ahmadi noted that the annual production capacity of the factory is projected to stand at 4Mt. He said that the factory’s fuel will be supplied from Tagneh Coal Mine, located 30km away from the factory. The mine, with a reserve of 50Mt, is considered one of the largest in Kyrgyzstan and is capable of providing fuel for the fac... |
Taiwan Cement to double capacity at China’s Jiangsu plant10 June 2008, Published under Cement NewsTaiwan Cement Corp has decided to invest US$135m to double capacity at its plant in China’s Jiangsu province to 4.5Mt by the end of next year, the Commercial Times reported, citing unnamed company officials. The plant suffered a loss last year as cement price was low at CNY245/t, the paper noted . But demand has boosted the price to over CNY270/t now, and the plant swung to profit in the first quarter to March, it said. |