Cement News tagged under: international
Cement prices will impact on house buying26 December 2007, Published under Cement NewsTwo Malaysian housing organisations once again stated their objection to the implementation of an Automated Pricing Mechanism (APM) for cement scheduled for January 1 next year. Cement is a vital component in the building and construction industry, and any hike in pricing would inevitably jeorpardise the industry, the Real Estate Housing Developers Association (REHDA) and Master Builders Association Malaysia (MBAM) said in a joint statement here Wednesday. "The ever-increasing cost of othe... |
Italian cement manufacturer rejects Mafia pressures26 December 2007, Published under Cement NewsItalcementi, Italy’s biggest cement company, plans to suspend its Sicilian operations as a protest against extortion payments to the Mafia. The company closed down most activities at its subsidiary, Calcestruzzi, on Sicily after an internal investigation and an inquiry by magistrates uncovered irregularities that could signify payments to organized crime, a spokesman for Italcementi said. Italcementi’s decision is a “confirmation of its refusal to capitulate in any way to organized crime,” ... |
Iran cement consumption soars26 December 2007, Published under Cement NewsIran’s industries and mines minister here on Wednesday announced that cement consumption has considerably increased during the past three years. Ali-Akbar Mehrabian added that the country has witnessed an about 27 per cent rise in cement production in recent months predicting that domestic cement output will reach 55Mta in 2009. |
Indian price hike gains momentum26 December 2007, Published under Cement NewsHigher input costs are likely to lead to a rise in cement prices throughout India. “A price increase appears be imminent as the coal and freight charges are set to go up very soon. Coal India has already indicated a 5 per cent hike and rest of the coal suppliers are likely to do the same,” Mr Srikant Reddy, General-Secretary, All-India Mini Cement Manufactures’ Association (AIMCMA), told Business Line. Currently, the price of a cement bag is hovering around Rs 215 to Rs 235 across the count... |
Cement shortage to continue24 December 2007, Published under Cement NewsThe Indian cement industry is likely to add around 15Mt of fresh capacity in 2007-08 – a little over half of the 27Mt it had talked about at the beginning of the financial year. As a result, the cement capacity in the country will be 182Mt by March 2008, 8.5 per cent short of the target set by the working group on cement industry for the Eleventh Five Year Plan (2007-12). Analysts felt this could keep cement prices buoyant in the months to come. The industry and the government have been ... |
Coal emerging as world’s preferred fuel24 December 2007, Published under Cement NewsCoal is the world’s fastest-growing energy source as rising oil prices prompt users to switch fuels, the US Energy Information Administration said. Coal’s share of total world energy may climb to 28% in 2030, from 26% in 2004, the agency, part of the US Energy Department, said in a report published Monday. Consumption is growing on an average of 2.2% a year. The fuel will overtake oil to become the largest source of carbon dioxide emissions by 2010, the report said. “With oil and natural g... |
New waste company for India24 December 2007, Published under Cement NewsACC and Ambuja Cement, two leading Indian cement companies controlled by Holcim, are together forming a separate waste management company — Geocycle India — that aims to add Rs 100 crore to the parent company’s bottomline per year by 2011. Geocycle India plans to invest Rs 70-80 crore in the next three years. “There is big business opportunity worth Rs 3,000-4,000 crore in waste management here,” says ACC waste management business head RK Suri, adding that “the cost incurred in waste dispos... |
SCCC aims for higher local margins24 December 2007, Published under Cement NewsSiam City Cement Plc (SCCC) plans to reduce its cement export volume next year to 34% of total output from 44.2% this year, in order to take advantage of rising domestic demand. At the same time, the company has raised its ex-factory prices by an average of 200 baht per tonne. Managing director Marcel Smit said the higher prices would result in the firm passing on 60% of its cost increases to customers. |
Cement cos guilty of cartelisation: MRTPC21 December 2007, Published under Cement NewsThe Monopolies and Restrictive Trade Practices Commission (MRTPC) has found 44 cement companies, including majors like Larsen & Toubro Cement, Birla Cement, Grasim and Associated Cement Company, guilty of cartelisation under the aegis of the Cement Manufacturers’ Association (CMA) between February and April 1990. The Commission had began inquiries in October 12, 1990, after its investigative wing, the Director General of Investigation and Registration (DGIR), had alleged that the cement co... |
China prices soar as modernisation campaign cuts capacity21 December 2007, Published under Cement NewsCement prices in several Chinese provinces have soared as the campaign to close inefficient facilities has eliminated capacity before it can be replaced, causing shortages, China Cement Net said on December 20. The retail price of Portland cement 32.5 in the southern coastal Hainan Province was CNY500-580/t (US$67.86-78.71) this week after more than three months of sharp fluctuations. Although prices have fallen from a peak of CNY700/t in August, they are still up from CNY270-280/t. ... |