Cement News tagged under: international
Real estate drives Indian cement market06 June 2008, Published under Cement NewsThe key drivers for Indian cement demand are real estate sector, infrastructure projects and industrial expansion projects. Among these, real estate sector is the key driver and accounted for almost 55 per cent in FY 07, according to Research and Markets report on the Indian Cement Industry 2008. The cement industry has continued its growth trajectory over the past seven years. Domestic cement demand growth has surpassed the economic growth rate of the country for the past couple of years. ... |
India: Rajasthan update – cement firms cut output by 50 per cent06 June 2008, Published under Cement NewsCement production units in Rajasthan have been forced to cut their capacity utilisation by as high as 50 per cent, following the 12 day violent Gujjar agitation. The Gujjars are demanding inclusion in the Scheduled Tribes list. Companies have cut down production since they are unable to supply regular quantities to consumption centres within and outside the state owing to the non-availability of railway wagons and shortage of trucks. JK Lakshmi Cement director Shailendra Chouksey says, “We... |
UK: Castle Cement factory sees slowdown06 June 2008, Published under Cement NewsProduction is being cut at a North Wales cement factory because of the recession in the construction industry. But the Castle Cement plant at Padeswood near Buckley is not planning to lay off any of its 250 workers. The factory’s general manager Mark Cox blames the situation on the country’s economic recession which has hit the construction industry in particular. He said there would be no redundancies or lay-offs at the works. “We also hope to find alternative work for our haulage contrac... |
Cemex Venezuela moves assets on nationalisation05 June 2008, Published under Cement NewsCemex Venezuela was "obligated" to transfer assets belonging to foreign subsidiaries after President Hugo Chavez ordered a state takeover of the sector, according to a Cemex document obtained on Wednesday. Chavez in April announced nationalizations in the cement and steel sectors, renewing a 2007 wave of takeovers meant to forge a socialist state and increasing concern about the safety of investments in the OPEC nation. "As a result of this measure, the company was obligated to transfer su... |
Brunei Cement new partnership deal signed05 June 2008, Published under Cement NewsThe minister of industry and primary resources (MIPR) Pehin Orang Kaya Setia Pahlawan Dato Seri Setia Dr Awg Hj Ahmad Hj Jumat yesterday officiated and witnessed the signing ceremony of the new partnership between HC Asia Holding GMBH and PJ Corporation Sdn Bhd. Taking place at the Butra HeidelbergCement premises in Serasa Industrial Site, the event also saw the attendance of deputy minister of development Dato Paduka Dr Hj Mat Suny Hj Mohd Hussein and deputy minister MIPR Dato Paduka... |
Sri Lanka’s Tokyo Cement annual net profit falls sharply05 June 2008, Published under Cement NewsTokyo Cement Company, a unit of Japan’s Mitsui Mining, said March quarter group net profit fell by more than half, dragging down annual earnings by 39 per cent to LKR496m, according to a stock exchange filing. Net profit for the March quarter fell 54 per cent to 67m rupees while turnover went up 24 per cent to LKR3.9bn. The group’s annual turnover was up 24 per cent to LKR14bn. Finance costs for the financial year rose by 26 per cent to LKR455m, with the March quarter seeing an even sharp... |
Vietnam: seven more cement plants to enter operation05 June 2008, Published under Cement NewsSeven more cement plants with a combined capacity of 7.81Mt will be put into operation across Vietnam before the end of the year. The Cong Thanh cement plant in central Thanh Hoa province with a capacity of 0.91Mta was put into operation in May. Meanwhile, the Luksvaxi cement plant’s fourth production line in the central province of Thua Thien-Hue also began operation. It has a capacity of 1.2Mta. The 2.3Mta Thang Long cement plant in northern Quang Ninh province is set to launch opera... |
China: cement prices to rise05 June 2008, Published under Cement NewsThe huge projected demand for cement needed for reconstruction following the Wenchuan earthquake is expected to strain supplies from sources in the neighboring areas. Some supplies are likely to be shipped from other regions to meet the initial shortfall but the high cost of transportation would render that uneconomical in the longer-term, industry experts said. "It may take some time for Sichuan’s cement producers to boost output, and during the interim, we may see some price increases," s... |
India: Gujjar agitation may hit cement companys in Rajasthan05 June 2008, Published under Cement NewsThe Gujjar unrest in Rajasthan and surrounding areas of the national capital region (NCR) is likely to hit cement companies as movement of the building material has been affected due to blockages. The agitation also impacted on the transport of raw material for some companies with trucks and large carriers stranded on national highways, said industry executives. Rajasthan is the country’s largest cement-producing state and is home to manufacturing facilities of Grasim Industries, Ambuja Cem... |
Merrill Lynch to invest US$50m in cement plant in epicentre05 June 2008, Published under Cement NewsMerrill Lynch has agreed to spend US$50m for 46 per cent stakes in Wenchuan’s Zi Ping Cement Factory, according to sources. Ziping Cement Factory is the biggest cement producer in Wenchuan, the epicentre of the May 12 massive earthquake, and aims to restore its production in October. |