Cement News tagged under: international
Cement’s pressure points02 June 2008, Published under Cement NewsThe outlook for the Indian cement sector has taken a turn for the worse in recent months. Escalation in fuel and distribution costs and declining flexibility on selling price have taken a toll on the performance of leading cement players. While cement prices rose a marginal 3 per cent last quarter (January-March 2008), coal prices, for instance, spiked 31 per cent. With manufacturers backed into a corner by pressures from the Government on pricing, on the one hand, and rising in put costs, o... |
China’s cement demand increases 50Mt to 70Mt02 June 2008, Published under Cement NewsCement demand in the earthquake-affected areas in Southwest China is estimated at between 50Mt and 70Mt. Statistics show that more than four million houses were collapsed and damaged mainly in Sichuan Province, which was hit by powerful earthquake on May 12. Statistics show that an investment between ¥400bn and 600bn is needed in fixed assets for urban citizens who suffered directly from the quake.The rapid growth of cement demand had far beyond Sichuan’s production capacity. |
‘Capacity additions may be delayed’02 June 2008, Published under Cement NewsStocks of Indian cement companies have been southward bound on sedate numbers and concerns on regulatory intervention on prices. Will the sector also enter a surplus phase? Mr Sumit Banerjee, Managing Director, ACC, shares the opinion that some of the fresh capacities may be delayed due to various setbacks, though the sector will see a surplus in the years to 2012. In an interview with Business Line, Mr Banerjee shares his views about the out look for the cement industry and the future plans... |
Iran boosts cement production capacity02 June 2008, Published under Cement NewsCement production capacity has increased to 53Mta with the inauguration of the third production line of Sepahan Cement Factory in Isfahan, said Industries and Mines Minister Ali Akbar Mehrabian. While inaugurating the factory, he said that only three projects, out of the 17 which were incomplete in the last Iranian year (ended March 19), remained to be put on stream, ISNA reported. He added that Sarouj Cement in Isfahan, Delijan Cement in Markazi province and Neka Cement in Mazandaran ... |
Dalmia Cement to use high moisture coal to cut costs02 June 2008, Published under Cement NewsDalmia Cement, which has a strong presence in South India, is chalking out a new strategy to reduce its coal costs by making high moisture content coal usable for its cement manufacturing process. Amid rising coal prices and shrinking linkages from Coal India, the company plans to cut its coal costs substantially if coal with higher moisture content is used properly. During the last one year, the prices of imported coal have risen by more than double from US$60/t to US$130-140/t. Due to inc... |
Guam: PAG to consider plans for cement silos02 June 2008, Published under Cement NewsThe Marianas Business Journal is reporting the Port Authority of Guam will consider two measures at its June 3 board meeting designed to ease supply and storage of cement on Guam. One will allow a company to build up to six cement silos on port land. Agency general manager Carlos Salas says a private sector firm has proposed a silo farm to maximize capacity at the port. Salas notes once the construction boom associated with the buildup tapers off, the silos, which are collapsible, can be mo... |
France’s Vicat to build cement plant in Kazakhstan02 June 2008, Published under Cement NewsFrench cement maker Vicat and Kazakh group Kazkommerts Invest will build a cement plant in the Central Asian state at an estimated cost of US$230m, Kazkommerts Invest said on Thursday. Vicat has a 60 per cent stake in the project, while Kazkommerts Invest (KKI) owns the rest. "The shareholders have invested US$60m, and the remaining US$170mwill come from a syndicated loan," KKI Chief Financial Officer Murat Temirkhanov told Reuters. He said the companies were in talks with the Internationa... |
Dangote moves to lower cement price02 June 2008, Published under Cement NewsAs part of a 28-month strategy aimed at increasing the volume of cement produced by Dangote Cement Limited locally and moving the country from an importer of the commodity to an exporter, the cement group has invested US$1.85bn in the construction of three new cement plants in Nigeria. This new investment will, according to the company’s projections, lead to a fall in the price of a bag of cement from the current N2000 to less than N1000 when it is completed. In a related development, local... |
Semen Gresik prepares IDR5,34 trillion for PLTU30 May 2008, Published under Cement NewsPT Semen Gresik Tbk allocated US$574m funds or IDR5.34 trillion to build a steamed-based power plant built this year until 2010. The capital expenditure this year is to increase into US$1.22bn as from the former projection of US$1.1 billion. As to President Director of Semen Gresik Dwi Soetjipto,, the project development this year will use the company internal cash. "Our internal cash is enough to cover some projects including the power plant we will build this year," he said to Bisnis... |
Holcim reviving ready-mixed concrete business30 May 2008, Published under Cement NewsHolcim Philippines Inc., the country’s largest cement maker, is reviving its ready mixed concrete solutions business for high-rise and industrial housing in anticipation of a sustained growth in property development. Francis Felizardo, Holcim’s senior vice president for aggregates and construction materials, told reporters yesterday at the sidelines of the 17th South Luzon Area Business Conference that the company planned to put up three new plants for specialized concrete solutions in Met... |