Cement News tagged under: international
Holcim invests in Rouen plant, France19 October 2007, Published under Cement NewsHolcim is to invest EUR48m in constructing a grinding plant at the French port of Rouen. The plant is to have a capacity of 580,000tpa for slag and clinker produced at the group’s French and Belgian cement works. A total of 16 new jobs will be created at the plant, which is due to become operational in 2009. |
ACC 3Q Net Profit +30% On Higher Cement Prices, Sales19 October 2007, Published under Cement NewsIndian cement manufacturer ACC Ltd said its third-quarter net profit rose 30% on higher cement prices and sales volumes, and analysts expect robust growth on strong demand for the commodity for the rest of the year. The company said the domestic cement industry had grown by 7.8% on year from January to September, and the continued strong growth shown by the housing, construction and infrastructure sectors will have a positive impact on cement demand going forward. Average gross do... |
Taiwan cement firms see bountiful returns in Mainland China18 October 2007, Published under Cement NewsThanks to the surge in cement prices, Taiwan’s leading cement producers, including Taiwan Cement Corp., Asia Cement Corp., Chia Hsin Cement Corp., Universal Cement Corp. and Goldsun Development & Construction Corp., have all been reaping considerable returns in mainland China since the beginning of this year. An institutional investor predicted Asia Cement will score more than 200 million renminbi in earnings in the mainland this year as the company meets little competitiveness in its i... |
Cement prices likely to rule firm, India18 October 2007, Published under Cement NewsCement prices are expected to maintain their northward movement in the backdrop of continuing boom in the construction sector and rising cost pressures. ’’Cement prices remained firm across major cities, backed by a strong demand from the construction sector. Given the strong demand and also that companies were facing rising cost pressures, cement prices are expected to continue their upswing post-monsoon, the Centre for Monitoring Indian Economy’s (CMIE) capex survey said on Wednesday. Mu... |
Qatar companies show interest to invest $2.5bn in Pakistan18 October 2007, Published under Cement NewsA number of companies from Qatar have shown interest to invest $2.5 billion in Pakistan in finance cement plant, power generation and hotel sectors. Chief Executive of Pak-Qatar General Takaful Limited Waqar-ud-Din told Radio Pakistan Tuesday in Karachi that Islamic Bank with investment of $100m would be established in Pakistan. He said companies included in Takaful would also introduce their products and services in property, automobile and engineering sectors. |
Hainan’s average cement price increases18 October 2007, Published under Cement NewsThe average transaction prices of portland cement in Hainan Province were RMB341.11/t, RMB351.67/t and RMB411.67/t in the first three quarters of 2007 respectively, up by 9.5%, 16.79% and 33.33% year-on-year, according to the latest information released by the Hainan Province Price Monitoring Center. The price in the fourth quarter presently reaches RMB477.5/t, up by 50.99% year-on-year. |
India Sep cement sales up 3.7 per cent on year18 October 2007, Published under Cement NewsCement sales in India rose 3.7 per cent in September to 12.7Mt from 12.2Mt in the year ago period, the Cement Manufacturers’ Association said. Production rose 4.9 percent to 12.8Mt last month, against 12.2Mt a year earlier, according to provisional figures compiled by the Cement Manufacturers’ Association. |
Hima Cement to invest US$100m17 October 2007, Published under Cement NewsHima Cement is set to invest $100 million (about Shs17.5 billion) in the expansion of its plant in Kasese in a bid to boost production capacity. When complete, the new cement production line will be as big as that of the mother plant in Kenya and will be among the largest in Africa. The company currently produces 300,000 tonnes of cement per annum and is targeting to increase by another 700,000 tonnes in about two years. Officials said the expansion plan is a response to the growing deman... |
Sri Lanka cement shortage not sudden – Holcim17 October 2007, Published under Cement NewsThe existing shortage of cement is not a sudden one and it has been there for the last 24 to 36 months as cement suppliers in the region were really tight with the construction boom in the region, Managing Director Holcim Lanka Peter Spirig said. He said that it cannot be called as a real scarcity because of the heavily increased landing cost of cement and the Government not allowing a price increase during the last one year made some importers stopping imports as they were unable to sustai... |
Strike at cement plant cripples New Caledonia construction sites17 October 2007, Published under Cement NewsA bid to free up supplies of cement for New Caledonia’s strike-crippled building industry has failed, as industrial action there drags on. A strike by members of the USTKE union has stopped production at the territory’s only cement plant for nearly a month. The union accuses Holcim, of abusing its monopoly position. Our correspondent in Noumea, Claudine Wery, says up to four thousand people in the wider building industry are without work as a result. She says the strikers had agreed to r... |