Cement News tagged under: international
Cement shortage hits project, Bahrain12 April 2007, Published under Cement NewsA cement shortage has delayed construction at a $4.5bn shopping and residential project being co-developed by the Bahrain unit of Kuwait Finance House, Bahrain’s Gulf Daily News reported yesterday. The chief executive of the Durrat Al Bahrain project, Jassim al-Jowder, was quoted as saying he expected the delay to last as long as another three weeks. "It started last month, but in another two or three weeks the crisis will be over and we will return to 100 percent capacity," Jowder is quot... |
RAK Cement’s Q1 net falls on higher energy costs12 April 2007, Published under Cement NewsRas Al Khaimah Cement Co said on Wednesday first-quarter profit dropped 23.1 percent because of higher energy costs. Net income in the three months to March 31 was AED27.6m (US$7.52m), compared with AED35.9m in the year-earlier period. "Restrictions on the natural gas supply resulted in consumption of more expensive liquid fuels," the company said in a statement on the Abu Dhabi bourse Web site, without giving further details. Sales revenue climbed 12.5 per cent to AED90.2m. Ea... |
Vassiliko Cement to invest EUR 125m12 April 2007, Published under Cement NewsVassiliko Cement Works Pcl (VCW) is waiting for the green light from the Commission for Protection of Competition on its planned merger with Cyprus Cement in order to commit a record EUR125m for a modern cement production line. The new production unit will utilise the best available technology, with significant benefits in environmental performance and production efficiency. Total capacity will increase significantly to cover the increasing demand for cement in the local market and stre... |
India’s Gujarat Ambuja March shipments down 4.5 per cent12 April 2007, Published under Cement NewsGujarat Ambuja Cements Ltd. , India’s third-biggest cement maker, said on Wednesday its March shipments fell 4.5 per cent to 1.48Mt from 1.55Mt a year earlier. Production fell to 1.43Mt from 1.53Mt a year earlier, the company said in a statement. |
Cement sales make solid growth, South Africa11 April 2007, Published under Cement NewsSouth African cement sales rose impressively by 16.7% in the first three months of 2007 compared with the first three months of last year, the Cement and Concrete Institute (CNCI) data showed. At the end of March 2007, cement sales for the 12 months were reported up to 14.759Mt from the 14.569Mt recorded in February 2007. This increase of 1.3% was down on the 3.5% increase recorded at the end of December 2006 to a moving annual total of 14.257Mt. Exports, however, declined by 6% in the 12... |
India cement prices to dip by 15 per cent11 April 2007, Published under Cement NewsCement companies, so far defiant on cutting prices, could soon be trapped in their own net with their huge investment plans set to result in oversupply by next fiscal - a situation that would hit profitability and force them to reduce prices, analysts said. The supply of the construction raw material is expected to overtake the demand in 2008-09 when the capacity expansion projects of cement manufacturers are completed. This would bring down prices by 7-15 per cent and weigh down heavily on... |
Greek Titan Cement agrees to buy US concrete firm11 April 2007, Published under Cement NewsGreek cement firm Titan’s U.S. unit signed an agreement to buy Virginia-based ready-mix concrete firm Powhatan as part of its expansion plans, it said in a statement on Wednesday. Titan America LLC is expected to complete the purchase of Powhatan, which operates five plants, in May, the company said. The purchase is Titan’s third in as many weeks. Titan already operates a cement plant in Roanoke, Virginia, a cement import terminal in Norfolk, as well as other ready-mix concrete pla... |
Cement sector achieves 35Mt production capacity11 April 2007, Published under Cement NewsThe Pakistan cement sector has achieved annual production capacity of 35Mt, with the addition of 2Mt to be produced by the newly established DG Khan Cement plant at Chakwal, Business Recorder learnt on Tuesday. Now, a total of 29 cement plants are in operation, with the addition of DG Khan Cement at Chakwal, and the plant, currently being pre-tested for a month, would contribute to the existing production of 2.2Mt monthly by 28 units. The government hopes to achieve over 45Mt annual ... |
Cement production in Argentina falls by 2.1% in March11 April 2007, Published under Cement NewsThe cement production in Argentina has fallen by 2.1% in March, in comparison with the same month of 2006, and a 4.6% in comparison with February 2007, due to a deceleration of the construction sector. The factories produced 710,943t, including exports, in March. According to sector’s analysts, the fall in construction activity affects directly to the cement market. Among the factors of the deceleration exists the increase in the costs of the manpower. The cement market in Arg... |
Mika Cement plans to increase output11 April 2007, Published under Cement NewsIn 2007 Mika Cement company is planning to increase its output by 1.5 times, says the director general of the company Naira Martirossyan. She says that in late Apr the plant will resume intensive work. 60% of the plant’s production is sold inside Armenia, 40% is exported to Georgia and Iran. Now that the Port Kavkaz-Poti train ferry has been launched the company will start searching for ways to export its cement to Europe - where the estimated demand for it is 150,000t. Presently, the c... |