Cement News tagged under: international
Cement sales tipped to soar in run-up to 201011 January 2007, Published under Cement NewsPretoria Portland Cement (PPC), Africa’s biggest cement maker, says South African demand for the building material will rise for a sixth year as the government builds stadiums, roads and railways for the 2010 Fifa World Cup. Sales in Africa’s biggest economy might increase 6%-8% this year, PPC chief operating officer Orrie Fenn said yesterday. Cement sales rose 11% to 13,19-million tons last year. Government is spending R372bn to build five new stadiums, the Gautrain rapid rail link and ot... |
Government to consolidate cement industry11 January 2007, Published under Cement NewsSixty key cement companies will become the industry leaders under a fresh consolidation, according to the National Development and Reform Commission (NDRC). The 60 will enjoy government support in terms of approval for new projects, mergers and acquisitions, land use and credit, the NDRC, the nation’s top economic planning body, said on its website. The list includes 12 national cement manufacturers and another 48 local firms, including the country’s biggest cement company, China A... |
Vietnam: Bim Son cement plant project begins11 January 2007, Published under Cement NewsThe Vietnam Cement Corporation began construction on the Bim Son Cement project, called N2, in Thanh Hoa Province yesterday. The company is projecting N2 will produce two million tonnes of cement per year. The project’s estimated cost is VND4,085bn (US$255m), with the funds coming from equity capital and commercial loans. |
Thailand’s Siam City Cement 4Q06 bottom line hurt by floods11 January 2007, Published under Cement NewsSiam City Cement (SCCC) is expected to announce 4Q06 profit of Bt778m, down 21% QoQ, but up 18% YoY. Sales are forecast to fall 9% QoQ due to flooding in many rural areas of Thailand in 4Q06. However, they are expected to edge up 2% YoY due to increases in sales prices to Bt1,775-1,800/t from Bt1,600-1,650/t in 4Q05. SCCC management expects domestic cement demand this year to be flat. However, the company is over-cautious and expect domestic cement demand to rise by 3-5%. Sales prices ar... |
More cement projects planned as demand leaps11 January 2007, Published under Cement NewsThe Ministry of Construction is mulling adding a number of new cement projects to the cement industry development plan as demand has been growing rapidly. Nguyen Quang Cung, head of the ministry’s Construction Materials Department, said the cement industry’s 2006 sales grew over 13% YoY to 32.5Mt, half a million ton higher than forecast. Demand is projected to continue to rise, so the ministry could allow more cement projects to get underway to scale up supply in the next few years... |
Cemex may escape Chavez’s nationalisation fling11 January 2007, Published under Cement NewsThe Venezuelan operations of Mexico’s Cemex could go unscathed in the country’s planned nationalisation spree, given the cement maker has worked hard to please President Hugo Chavez. Analysts see a slight risk for Cemex because of Chavez’s hazy nationalization plans, but many expect the Mexican company to escape because its operations in Venezuela had not been state companies that were later privatized. "Cemex’s cement operations in Venezuela have always been in private hands, so th... |
Azerbaijan prices increase considerably11 January 2007, Published under Cement NewsSkyrocketing of fuel and energy’s prices in Azerbaijan has caused the retail prices of cement made by Garadagh Cement to increase too. Garadagh Sàesial’s price increased by 32.5%, while Garadagh Oàtimal’s price rose by 45%. The advised retail prices for Baku, Sumgayit and Absheron will be as follows: Garadagh Sàesial (in 50-kg bags) - AZN 7.95 Garadagh Oàtimal (in 50-kg bags) - AZN 7.25. The prices will be indicated on the package and sold by seven distributors from 112 ret... |
Demand-supply situation of cement discussed11 January 2007, Published under Cement NewsRepresentatives of the All Pakistan Cement Manufacturers Association (APCMA) said that due to investment friendly policies of the government, the capacity of cement plants have increased to 33Mt, at the end of year 2006 as compared to 21Mt in January 2006. “The present domestic demand is around 22Mt”, the representatives told a meeting convened here on Wednesday to discuss and review cement situation i.e. demand and supply position and export potential vis-a-vis level of construction activ... |
HeidelbergCement upgrades 2006 turnover forecast10 January 2007, Published under Cement NewsHeidelbergCement AG has upgraded its turnover forecast for 2006 as a result of the company’s increasing sales and the favourable weather at the end of 2006, HeidelbergCement said on January 9, 2007. The company said it now expected its turnover for the full 2006 to be more than EUR9.0bn (US$11.726 bln), after EUR7.8bn ($10.162 bln) in 2005. The net profit is projected to stand at about EUR1.0bn ($1.303bn), compared with EUR471m ($613.64m) in 2005. In 2006, HeidelbergCement sold some 80Mt c... |
China issues ’key cement makers’ list ahead of industry consolidation10 January 2007, Published under Cement NewsChina’s top economic planning agency said it has identified 60 ’key cement producers,’ including the parent of Anhui Conch Cement Co Ltd, as a preliminary to industry consolidation. The 60 will enjoy government support in terms of approvals for new projects, mergers and acquisitions, land use and credit, the National Development and Reform Commission said in a statement on its website. The list includes China Anhui Conch Group Co Ltd, parent of Anhui Conch Cement; Huaxin Cement Co ... |