Cement News tagged under: international
Mideast cement makers thrive on building boom17 September 2007, Published under Cement NewsThe top 10 listed cement companies in the Middle East saw a 27% average increase in first-half profits due to soaring cement prices and rising demand from the region’s $1.45tn building boom, according to data compiled by Zawya.com. “High demand for cement amid the regional construction boom has contributed to increased revenue for the region’s cement producers,” Roaa Alian, equity analyst at National Bank of Abu Dhabi’s asset management group, told Zawya Dow Jones. Real estate projects pl... |
Eurocement to build four plants14 September 2007, Published under Cement NewsEurocement plans to increase the distance between itself and competitors on the cement market. By the end of 2007, the company will sign agreements on the construction of four cement plants three of which will be located in Karachay-Cherkessia, Sverdlovsk and Lipetsk regions. The aggregate capacity of the new plants will amount to 5Mt of cement a year and investments in their construction will amount to $2.35bn. In 2006, Eurocement produced 27 million tons of cement. According to its ow... |
Lafarge Langkawi prioritises local market, Malaysia14 September 2007, Published under Cement NewsLafarge Malayan Cement Bhd’s plant here will sell most of its output in the domestic market due to rising demand, senior manager Chong fatt San said today. He attributed the demand increase to projects being undertaken under the Ninth Malaysia Plan, and he assured that the plant will have no problem providing a sufficient supply. He said this after presenting 50 bags of cement to help rebuild poverty-stricken Dahaman Din’s dilapidated house at Kampung Tanjung Ulu Melaka here. ... |
Indonesia’s Aug cement consumption up 11.4 per cent YoY14 September 2007, Published under Cement NewsIndonesia’s cement consumption rose 11.4 per cent to 3.4Mt last month, data from the country’s cement association showed on Friday. August’s figure took total year-to-date sales to 22.1Mt, up 8.3 percent from the year-ago period. Domestic sales of Semen Gresik Tbk , Indonesia’s largest cement maker, rose 3.8 per cent last month to 1.48Mt from a year ago. State-run Semen Gresik, PT Indocement Tunggal Prakarsa Tbk and PT Holcim Indonesia Tbk are the top three producers in the co... |
Thai Cement Demand Likely To Fall 5%-10% In ’07 - Siam Cement14 September 2007, Published under Cement NewsThe Thai cement industry faces declining demand of 5%-10% this year due to delayed government spending on large-scale infrastructure projects, according to the country’s largest industrial conglomerate Siam Cement PCL. President Kan Trakulhoon said weak domestic consumer confidence and an economic slowdown are also hurting the industry. Cement demand for the industry dropped 6.5% on year in the first quarter and 8% in the second, he added. "So far in this quarter, consumption i... |
Govt Sets Cement Prices, Rwanda14 September 2007, Published under Cement NewsThe government has set maximum cement prices to check the escalating prices in the country. The move is aimed at protecting both the consumers and producers of cement in Rwanda and avert a probable crisis in the economy. Cement prices have continuously increased. The latest market information indicates that some dealers are selling one sack at Frw11,000. A sack of locally manufactured cement originally cost Frw7,000 but presently, the government has fixed it at Frw7,800. ... |
Eastern Europe leads Buzzi Unicem’s growth13 September 2007, Published under Cement NewsBuzzi Unicem increased first half cement deliveries by 7.4% to 16.7Mt, with shipments being ahead in all countries with the exception of the United States. In ready-mixed concrete, volumes were 6.3% higher at 8.3m m³, with all countries other than the USA and Italy increasing deliveries. Group turnover advanced by 10.3% to EUR1.675.8m, but at constant exchange rates the increase would have been 13.6% as the weaker US and Mexican currencies depressed the numbers. The EBITDA was 2.2% higher a... |
Holcim South Africa buyout debt to be led by two sources13 September 2007, Published under Cement NewsCiti and JPMorgan have been mandated to arrange the debt supporting the recent buyout of South Africa-based cement company Holcim South Africa, two people familiar with the situation said Wednesday. Black empowerment consortium AfriSam Consortium (Pty) acquired a majority stake in Holcim this year. Holcim Switzerland announced in August 2006 that it was selling 85% of its 54% stake in the local cement producer to AfriSam based on an enterprise value of ZAR16.4 billion. Earlier th... |
Jidong Cement Signs Agreement on Two 5000t/d Cement Production Lines in Liaoyang13 September 2007, Published under Cement NewsThe agreement on Jidong Cement’s two 5000tpd new dry clinker production line project was signed in Liaoyang City in Liaoning Province, according to the latest information released by Tangshan Jidong Cement Co., Ltd. With a total investment of RMB1.2bn, the project is expected to have an annual production capacity of 3.5mt of clinker and 4.5mt of cement. The project will be jointly constructed by Tangshan Jidong Cement Co., Ltd and Changling District in Liaoyang City. |
Russia new cement plant13 September 2007, Published under Cement NewsZhejiang GUANGDA Construction Co., Ltd., represented by its Overseas Engineering Branch in Shanghai announces that they have been recently awarded as the turnkey contractor to build a new 5000tpd greenfield cement plant in the North West Region of the Russian Federation. GUANGDA Overseas Engineering is a new player in the international cement industry market although they have many years successful experience in building cement plants in their mother country. “To follow international market... |