Cement News tagged under: international
Government in conflict of interest on Portland Cement29 May 2007, Published under Cement NewsSince former managing director Zakayo ole Mapelu left the East African Portland Cement under a cloud of unsubstantiated allegations, the company has made business headlines-more often than not for the wrong reasons. The company, whose share price a while ago went for nearly Sh200, closed last week at Sh117, thanks to incessant squabbles over a tender for clinker. Management assurances that the company had reached a deal with Bamburi Cement for clinker supply have not helped investo... |
Philippine cement sales up 13% in first four months25 May 2007, Published under Cement NewsCement sales for the first four months of the year amounted to 4.3Mt, growing by 13.158% from the 3.8Mt of cement sold during the same period last year, data from the Cement Manufacturers Association of the Philippines showed. An industry insider said the increase in sales could be attributed to the boom in infrastructure spending of the government, with the first-ever trillion-peso national budget being passed in the first quarter. Infrastructure spending has been set at P162.9bn... |
UK cement manufacturers hit back at construction delay claims25 May 2007, Published under Cement NewsCement manufacturers have hit back at allegations that buildings are being delayed because of cement shortages. Concrete suppliers expressed ‘grave concern’ over the shortages which they said had caused job losses and closure of production lines. British Cement Association said it had imported more product to help alleviate the situation. It also claimed that manufacturers had invested in domestic capacity to reduce reliance on imports. BCA chief executive Mike Gilbert said that the indus... |
Chinese investment in building materials to keep growing: NDRC25 May 2007, Published under Cement NewsChina’s building material industry will see twin rises in both production and sales as downstream demand will remain robust in 2007, officials with the National Development and Reform Commission (NDRC) were quoted by Shanghai Securities News as saying. The judgment was already proved in the sector’s performance in the first quarter of the year. According to NDRC data, the sector realised a profit of CNY6.54bn (US$854m) in Jan.-Feb., a YoY increase of 122 per cent. The first quarter... |
Cement price further rises by Rs 10 per bag, Pakistan25 May 2007, Published under Cement NewsLocal Pakistan cement manufacturers on Thursday raised the prices of cement by Rs 10 per 50-kg bag in the wake of its rising local demand and export orders, dealers said. They said that cement manufacturers have raised cement price by Rs 5-10 per bag in the southern zone (Sindh and Balochistan) and Rs 5 per 50kg bag in the Northern zone (Punjab and NWFP). After this recent upsurge, average quality cement is being sold at Rs 240-245 per 50kg bag as was previously sold at Rs 230-235 per 5... |
Holcim, Birla in race for market leadership25 May 2007, Published under Cement NewsAditya Birla Group and Holcim are rapidly increasing capacity in a bid to become the largest player in India’s cement industry. The country is moving towards overcapacity in three years and the largest player will be able to dictate crucial terms including prices. Switzerland-based Holcim, the world’s second largest cement maker, which operates in India through the two companies it controls, ACC and Gujarat Ambuja, said in March that its capacity will go up from "15 million tonne a... |
Unye Cimento to set up cement facility in Romania25 May 2007, Published under Cement NewsCement producer Unye Cimento issued a statement to the ISE and announced that it will set up a cement filling and packaging facility in Romania. Unye Cimento will have a 100% stake in the facility. The company mandated general manager Ilker Guner for following up the procedures in Romania. |
SCCC expects demand for cement will fall 5% this year24 May 2007, Published under Cement NewsSiam City Cement Plc (SCCC), the country’s second largest cement company, projects cement consumption will fall by 5% this year due to delays in large state projects and shrinking private investment. Marcel Smith, the new president of SCCC, a local unit of Holcim, said cement sales had slumped as the economic slowdown and political tensions hurt consumption and investment. "Because of the poor domestic economic climate, we have tried to offset shrinking sales with exports despite l... |
Italy Barbetti, Turkish Sanko Sign JV Agreement24 May 2007, Published under Cement NewsItalian cement maker Aldo Barbetti, based in Gubbio, central Italy, has signed a joint venture agreement with Turkish industrial group Sanko Holding with the aim to expand on the Turkish market. The agreement sets up a 50/50 joint venture, named Cimko, based in the southeastern part of Turkey. Cimko will start production in the largest single furnace cement factory in the country, Kahraman Maras, which produces 8,000 tonnes of clinker per day. Cimko targets to reach an output of 4Mt... |
Katwa Udyog buys cement plant for INR113m24 May 2007, Published under Cement NewsKatwa Udyog Ltd. said on Wednesday it has acquired a 300 tonnes per day cement plant for 113 million rupees. Katwa acquired the cement unit in a public auction by the Debt Recovery Tribunal, it said in a statement. The auction was for non-payment of dues by the previous owners of the company to IDBI Ltd, it added. |