Cement News tagged under: international
Good year for Chinese cement18 January 2007, Published under Cement NewsChina’s cement industry has made some notable gains. By the end of November, 2006, the national cement output reached 1.097bn tons, increasing by 19.7 per cent on 2005. It was predicted that the annual output of cement would exceed 1.2bn tons - reports the China Economic Net. Secondly, sales revenue increased by a large margin. By the end of November, 2006, sale revenue reached RMB 286.8bn yuan, increasing by 24.1 per cent YoY. It was predicted that the annual sales revenue would break thro... |
Indonesia’s December cement sales up 12.3 per cent YoY18 January 2007, Published under Cement NewsIndonesia’s domestic cement consumption rose 12.3 per cent in December from a year ago, resulting in a small rise for 2006 despite the impact of weak consumer spending early last year, industry data showed on Thursday. Domestic consumption hit 2.97Mt last month compared to 2.64 million in December 2005, according to data from the Indonesian Cement Association. The data was provided by Indonesia’s largest cement maker, PT Semen Gresik Tbk . In early 2006, cement sales were hurt by a go... |
Resource consent process outlined, New Zealand18 January 2007, Published under Cement NewsHolcim (New Zealand) Ltd has outlined the resource management process for its proposed cement plant at Weston. Within the next two months, the company expects to file resource consent applications to construct and operate the plant and associated quarries and pits. The plant is one of several options being considered by Holcim to meet market demand for cement. Lodging the consent applications with the Otago Regional and Waitaki District Councils will follow community consultati... |
Italcementi project in Bulgaria secures govt backing18 January 2007, Published under Cement NewsThe Bulgarian government will issue a First Class Investor certificate to Italy’s Italcementi for its EUR185m Devnya cement mill project. The Italian company intends to retool cement mill Devnya Tsiment, boosting output capacity by 50 per cent and getting the company in shape to start exporting concrete and aggregates to the US over the next three years. The cement mill expects the government to provide administrative support for the project, including an accelerated procedure for the ap... |
Brazilian cement sales seen rising by 10 per cent in 200718 January 2007, Published under Cement NewsThe Brazilian cement segment, one of the thermometers of the civil construction sector, expects a 10% rise in sales in 2007 compared to 2006, estimates the Brazilian Association of Portland Cement (ABCP). In 2006 the sector’s sales grew by 8% against 2005. Last year Brazil produced 36Mt of cement. A package of measures to boost the housing sector launched by the Brazilian government last year has helped double the volume of mortgage loans, and this increase has had a positive impact ... |
Cement demand expected to boom18 January 2007, Published under Cement NewsVietnam will need about US$3.4bn worth of cement between now and 2010 to meet burgeoning demand, the Ministry of Construction said yesterday. Demand for cement is expected to increase by 10.5-11.5 per cent annually during next five years and might reach 50Mt by 2010, said the Vietnam National Cement Association (VNCA). The figures were announced during the Seminar on Vietnam Cement Industry Development for 2006-10, held in Ha Noi. Viet Nam’s cement industry has been growing steadily for th... |
Coal price hikes to impact cement makers more than steelmakers18 January 2007, Published under Cement NewsAnalysts at UBS say that a potential increase in coal prices in 2007 is likely to have a more severe impact on cement makers than on steelmakers. In a research note published this morning, the analysts mention that Chinese coal prices are expected to rise by 5% y/y during 2007. A 5% hike in coal prices could dilute earnings of Chinese steelmakers by 2%-5% and for other steel manufacturers in the region by 0%-0.4%, the analysts say. Moreover, coal accounts for nearly 30%-40% of the total... |
Vietnam expects self-sufficiency in cement production by 201017 January 2007, Published under Cement NewsVietnam’s cement industry will fully meet the national demand by 2010 with supply expected to reach 60Mt against 50Mt for the national demand volume, an industry official said. Nguyen Van Thien, head of the Vietnam Cement Association, made the confirmation at a workshop held in Hanoi on Jan. 16 in association with the International Financial Corporation (IFC). He pointed out the need to boost investment in transport systems, especially land roads and water-way, along with the expan... |
ADIA buys 7.6% Suez Cement stake17 January 2007, Published under Cement NewsThe Abu Dhabi Investment Authority (ADIA) has acquired a 7.6 per cent stake in Egyptian company Suez Cement. A statement released by the Egyptian stock market said that ADIA had bought a stake of 138,427,01 shares listed as Global Depository Receipts (GDR). The statement gave no details about the value of the deal but said ADIA bought those shares from businessman Hisham Sadiq Al Sowidi, a Suez Cement board member. Gulf News sources said that Suez Cement transferred these stocks ... |
Cemex to invest US$1.2bn in Mexico 2006-200817 January 2007, Published under Cement NewsCemex will invest at least US$1.2bn in Mexico over the period 2006 to 2008. The company will invest in the enlargement of plants, capital increase and energy projects, Cemex institutional relations vice-president, Ricardo Charvel, said. Slightly over $400m (EUR310m) of the investment will finance the enlargement of its plant in Puebla, central Mexico. Cemex will invest more than $280m in its plant in Hermosillo, northern Mexico. The company will invest US$250m in capital increase project... |