Cement News tagged under: international
Akcansa sees cement consumption slowing09 August 2007, Published under Cement NewsLeading Turkish cement producer Akcansa expects rapid growth in domestic consumption to come to a halt this year and plans to expand abroad, the company’s general manager Mehmet Gocmen said. Domestic cement consumption grew 20 per cent last year to 41.6Mt, but could fall this year in response to last year’s hefty interest rate hikes and uncertainty related to July’s general election, which slowed housing construction. "The sector is facing several negative factors in 2007. The rate hikes a... |
India’s Ambuja Cements says flood shuts plants09 August 2007, Published under Cement NewsAmbuja Cements Ltd. , India’s third-largest cement maker, said on Thursday it had stopped operations at its plants in western Gujarat state after heavy rains and floods. The company, nearly 30 percent owned by Holcim , said in a notice to the stock exchange it was in the process of estimating losses from the flood and had full insurance cover. |
1 Hoa Phat secures loan for Ha Nam cement plant09 August 2007, Published under Cement NewsThe Viet Nam Development Bank (VDB) has decided to give VND810bn in credits to the Hoa Phat Cement Company for the construction of a new cement plant in northern Ha Nam province. The credit will meet part of the total VND3.2trn capital needed for the the plant, which will have a total cement capacity of 3Mta, according to Deputy Director of the Hoa Phat Cement Company Ta Tien Dung. The first VND1.2 trillion phase of the scheme is slated to begin this year and is expected to be completed by... |
Gresik set to maintain lead in domestic sales09 August 2007, Published under Cement NewsState-owned cement producer PT Semen Gresik said it is set to maintain its lead in domestic sales now with a market share of 46 per cent. Expansion in the export market will depend on surplus in the domestic market, company President of Dwi Sutjipto said. Dwi said the country’s largest cement producer has exported only up to 10 per cent of its production and exports have been made only to South Asian countries and Africa. He predicted that this year the company targets to chal... |
Carpatcement H107 sales up 40 per cent YoY09 August 2007, Published under Cement NewsRomanian Carpatcement Holding, a unit of HeidelbergCement, said its cement sales rose 40 per cent YoY in the first half of 2007, on strong growth of the local construction sector. The company expects its turnover to grow by 20 per cent on the year in 2007, CEO Mihai Rohan said. Carpatcement Holding comprises a cement producing division Carpatcement, concrete producer Carpat Beton and Carpat Agregate, producing aggregates. The Romanian cement market, with main players also incl... |
EU approves acquisition of Hanson by HeidelbergCement08 August 2007, Published under Cement NewsThe European Commission on Tuesday approved the acquisition of British company Hanson by German cement producer HeidelbergCement. "After examination, the commission concluded that the proposed operation would not significantly impede effective competition" in the European Union or in a substantial part of the bloc, the EU’s antitrust watchdog said in a statement. |
Another call to address cement woe, Sabah, Malaysia08 August 2007, Published under Cement NewsThe Sabah Housing and Real Estate Developers Association (Shareda) has again urged the State Government to explore the viability of setting up a second cement plant in Sandakan. Making the call Monday, its President Kong Kwok Wah, said this so that regular supplies of cement are assured at reasonable cost to consumers in Sabah. "At the same time, to expedite the implementation of the proposed Cement Bulk Plant in Lahad Datu through the fast track method so that it can be fully operated bef... |
Binani in the fray for cement JV with Nalco08 August 2007, Published under Cement NewsBinani Cement Ltd (BCL) has submitted an expression of interest (EoI) for a joint venture with National Aluminium Company Ltd (Nalco). Nalco is scouting for a joint venture partner to set up a cement plant that uses fly ash generated at its captive power plant. It aims to invest Rs 1,000 crore in the facility, which would have a capacity of producing 1000tpd of cement. Other cement majors including Gujarat Ambuja, ACC and L&T are also considering submitting EoIs for the JV, sources said.... |
Solution sought to cement price hike, Ghana08 August 2007, Published under Cement NewsThe Minister of State at the Ministry of Water Resources, Works and Housing, Hon. Cecilia Abena Dapaah is to meet with officials of the Ministry of Trade and other key stakeholders to find a solution to the current high prices of cement in the country. Currently, a bag of cement is being sold at ¢95,000. “There is now a boom in the building industry and we cannot tolerate the continuous increment in the price of cement,” Cecilia Abena Dapaah said after cutting the tape to launch Sandpark P... |
Republic Cement says price hike unlikely08 August 2007, Published under Cement NewsListed Republic Cement Corp. yesterday said it was unlikely to increase prices this year even with low demand. Company President John Reinier H. Dizon said prices have been stable since September last year. "There was no price increase until the end of July when the demand is high, it is unlikely that we hike the price during the second half of the year when the demand tapers off," Renato C. Sunico, board member of Republic Cement, told reporters. French cement manufacturer L... |