Cement News tagged under: international
Vietnam: Lilama expands international cooperation25 March 2008, Published under Cement NewsThe Vietnam Machinery Erection Corporation (Lilama) is expanding its international cooperation by speeding up work to establish a construction machinery company with a Russian partner. In addition, Lilama will soon open a series of representative offices in potential markets, including Russia, while promoting its products in new markets in the Middle East, Africa and Latin America . Lilama is a leading corporation in equipment manufacturing and construction for key industry project... |
Shree Cement plans to up capacity by 20% Next FY25 March 2008, Published under Cement NewsIndia’s Shree Cement Ltd plans to increase its production capacity by 20% in the next financial year that begins April 1 to address an increased demand for cement, a senior company executive said. "We have set a target for ourselves to steadily increase capacity as the demand for cement rises. Next year we will raise capacity by 20% and will continue to maintain that rate for the next few years," Executive Director M. K. Singhi told Dow Jones Newswires in a recent interview. Shree... |
Project delays to weigh down cement industry, Malaysia25 March 2008, Published under Cement NewsCement demand is likely to be dampened by potential delays in the Ninth Malaysia Plan (9MP) project implementation following the change in the political landscape, and notable projects deemed promising may be reviewed, said Aseambankers Research. It said exports might offset the slack in domestic demand, as industry players fill up excess capacity, but the depreciating US dollar would mitigate value gains, pressuring operating margins as coal prices continue to rise. “While we stil... |
Vietnam cement prices seen surging despite assurance25 March 2008, Published under Cement NewsPrices of popular cement brands are expected to rise further early next month though the Ministry of Construction assured the market late last week that cement prices would not increase in the first haft of this year. The ministry called an emergency meeting with some 24 leading cement producers in the country last Friday to discuss solutions for stabilising the cement market after news about a possible 40% rise in cement prices emerged. Many cement outlets in HCMC’s districts of T... |
High cement prices worry private sector, Uganda20 March 2008, Published under Cement NewsUntil the government intervenes in the soaring cement prices, players in the private sector are worried it may draw back the booming construction industry. Stakeholders want the construction policy in the offing to address this matter. The draft policy is currently at the ministerial level for final comments according to the Managing Director Uganda National Building and Civil Engineering Contractors (UNABCEC) Mr Paul Mwirumubi. At the moment those who are able to purchase a bag of ... |
Taiwan Cement to invest US$1bn to expand production in China20 March 2008, Published under Cement NewsTaiwan Cement Corporation, Taiwan’s largest cement producer, will invest US$1bn in a second-stage expansion project to see annual production capacity reach 50Mt of cement in mainland China. For the new investment project in the mainland, Taiwan Cement will in principle set up new plants in Guangdong, Guangxi and Fujian provinces, each with two kilns. The company will also establish three additional kilns in Jingyang plant which was acquired from Chia Hsin Cement Corp. Huang Chien-c... |
Indian consumption bounces back in February20 March 2008, Published under Cement NewsThe growth in cement consumption has bounced back in February after the monsoon lull. This would see demand exceeding supply in the coming months and buoyant prices, say manufacturers. During the first six to eight months of 2008-09 the supply is bound to be tight with no new additions in capacity expected. From September 2008 onwards some growth in production capacity would happen and the last quarter would see sufficient new capacities in place to match the demand. As of now the installed ... |
PCA: declines in construction and cement consumption expected for 200820 March 2008, Published under Cement NewsUS construction activity and cement consumption will experience significant declines this year, according to a recent PCA Economic Research report. Portland cement consumption is expected to drop 10 per cent in 2008, followed by an additional 3.6 percent in 2009. Total 2008 cement consumption is predicted to be 102.7Mt tons. "High fuel prices, acceleration of home foreclosures, and the impact of the sub-prime crisis on credit standards are some of the current conditions that lead us to... |
Korea electric power to supply coal to local cement makers20 March 2008, Published under Cement NewsState-run utility Korea Electric Power Corp said Thursday it plans to supply coal for power generation to local cement companies to help ease the industry’s severe coal shortage. Kepco’s power generation units offered to supply coal to five major cement companies and these companies can provide their coal supplies to the Kepco units when they have sufficient inventories, Kepco said in a statement. In mid-February, a person familiar with the matter said the cement industry was facing the pr... |
Industry: Vietnam Corp sells 2.6Mt of cement this year20 March 2008, Published under Cement NewsThe state-run Vietnam Cement Industry Corp (Vicem) reported it sold 2.6Mt of cement so far this year, up 14% on year, local press reported. Vicem is holding 38% of the local cement market share, adding that the country’s leading cement maker targeted to provide Hanoi with 30,000t of cement a day to satisfy the increasing demand. Vicem targeted to produce 4.1Mt of cement and 2.25Mt of clinker in the first quarter of this year and sell 4.1Mt of cement and 130,000t of clinker, said Vi... |