Cement News tagged under: international
Pakistan cement sector sees rise in foreign investment15 October 2007, Published under Cement NewsThe Pakistan cement sector attracted $41.4m foreign investment during July-August this year, depicting a surge of 780 percent against $4 4.7m of same period of 2006-07, industry sources told business recorder on Friday. Cement industry is rapidly growing due to huge local and international orders, as presently South East Asia region, Gulf counties and India are facing huge shortage of cement due to tremendous development work. On the other hand Pakistani cement sector is main benefi... |
Votorantim in R$26bn investments spree12 October 2007, Published under Cement NewsJose Roberto Erminio de Moraes head of Votorantim group, has confirmed to President Lula of Brazil a R$25.7bn investments plan from 2008-2012 in cement, metals, pulp and energy. It is the largest investment spree from a private Brazilian company, with R$8.8bil scheduled for 2008. Votorantim group has been expanding 26% per annum and in 2006 posted an income of R$29bil with and EBITDA of R$8.1bn to double by 2010. The cement business is to get R$2.1bbn but most investments (R$11.1bn) will... |
British cement industry cautiously welcomes Government’s spending plans12 October 2007, Published under Cement NewsThe cement industry has cautiously welcomed the Chancellor’s statement on the publication of the Pre-Budget Report and the Comprehensive Spending Review. Mike Gilbert, BCA Chief Executive, said: “we are pleased that the government has listened to our calls for increased capital investment in transport infrastructure, housing and schools. The government needs to set out a clear strategy for the delivery of these improvements. While the Chancellor’s proposals will help maintain a vibrant ... |
Andhra Pradesh mini-cement units find ways to survive amidst bigger players12 October 2007, Published under Cement NewsSmall cement plants, tagged as mini-cement units, are steaming ahead with the growth in economic activity that broke the annual cycles of price fluctuation besides ensuring steady increase in prices since the later part of 2005. Though many were caught off-guard over the sudden spurt in demand that brought an upturn in market prices, several of them started increasing their capacities by going in for modifications and de-bottlenecking to cash in on the new found opportunity at a minimum cos... |
Semen Gresik nine months domestic cement sales up 1.8 per cent12 October 2007, Published under Cement NewsIndonesia’s largest cement producer PT Semen Gresik said Thursday it sold 11.25Mt of cement in the domestic market during the first nine months, an increase of 1.8 per cent from a year ago. In the same period, nationwide cement consumption rose 6.8 per cent to 25.2Mt. Semen Gresik’s domestic sales grew at a slower pace than industry-wide sales mainly because the company has been focusing on boosting its margins rather than market share, said Agung Wiharto, an investor relations official at... |
Controversy shrouds shipment of Cuban cement12 October 2007, Published under Cement NewsControversy and uncertainty now shroud the impending arrival of a shipment of cement from Cuba to ease the shortage in Jamaica. Word out of Havana is that the Jamaican government has cancelled the shipment, but Industry and Commerce Minister Karl Samuda says this is not so. Mr. Samuda revealed that the price tag on the shipment of cement from Cuba is too high. He argued that at that cost it would neither be feasible, affordable nor marketable on local soil. The Minister says he has forma... |
India monthly cement sales slow11 October 2007, Published under Cement NewsCement dispatches for the first half of the current year have grown by 10% and touched 81Mt compared with 74Mt in same period previous year. But on a monthly basis despatches of the top four players (Grasim, UltraTech, Ambuja Cements and ACC) grew merely 2.6 per cent YoY to 51.88 lakh tonnes in September 2007, which was much slower than the growth recorded in July and August 2007, reported a leadinf financial daily. It was curtailed by Ambuja Cements’ despatches declining by 4.2 per cent Yo... |
Indonesia Sept demand down nine per cent11 October 2007, Published under Cement NewsIndonesian cement consumption fell nine per cent to 3.11Mt in September from August, the head of the industry association said Wednesday. "As expected, the decline is attributable to the Ramadan fasting month," Indonesian Cement Association (ASI) chairman Urip Timuryono told Thomson Financial News. Indonesia’s Muslim population typically reduces activities during the month-long fasting period that began in early September. Timuryono said cement consumption in the main market J... |
Cheetah Cement factory gets off the ground, Namibia11 October 2007, Published under Cement NewsThe long-awaited Cheetah Cement Factory, a multi-million-dollar project which should see Namibia produce its own cement for the first time, was launched at Otjiwarongo yesterday. The project is a joint venture between the Otjiwarongo municipality, local company Whale Rock Cement, and Chinese investors Beijing Vibroflotation Engineering. The Chinese company recently joined the venture after previous investor Cimento Tupi (CP Cement), a Brazilian company, pulled out. Otjiwarong... |
Philippine Congress urged to investigate rising cement price11 October 2007, Published under Cement NewsA lawmaker has asked the Philippine House of Representatives to investigate the rising price of cement in the market, allegedly being manipulated by local cement producers. In House Resolution No. 158, Rep. Arthur Pingoy, Jr. (2nd District, South Cotabato) urged the House committee on trade and industry to conduct an inquiry on the alleged irregularity. Pingoy said the high price of cement has affected many sectors since cement is an essential component in the construction industry and the... |