Cement News tagged under: international
An eventful year for Pakistan cement industry05 January 2007, Published under Cement NewsThe year that ended a few days ago was very eventful for the domestic cement sector as it witnessed very high prices, very low prices, cartel, then break-up of cartel, fights between manufacturers and importers, and most importantly the growth in size of the sector itself. While the high prices from March to June and July gave headaches to builders, the low prices did the same to the manufacturers from August onwards. The year started with cement, the most essential building material, selli... |
CRH expects to increase pre-tax profit by over 23% in 200604 January 2007, Published under Cement NewsCRH has put in another strong performance in the year just ended, the pre-tax profit rising by some 23.5% to approximately EUR1580m. During 2006, CRH spent a net EUR 2,100m on acquisitions, including €860m for the retained parts of Ashland Paving & Construction. Poland was a particularly strong market, with the group’s cement shipments increasing by in excess of 20%, while, though less dramatic, good volume increases were seen in Ireland, Finland and the Ukraine. On the other hand, ... |
Tough year ahead for construction firms despite railway bidding04 January 2007, Published under Cement NewsThis year will be a tough one for construction firms, despite the government’s announcement that it will soon open bidding for contracts to build three railway lines totalling 118km and valued at Bt165 billion. The president of Siam Cement Group’s cement operations, Pramote Techasupatkul, said this year’s demand for cement will be close to that of last year because new construction projects have not yet started. The government’s bidding process will open before the end of March an... |
Old zoning may allow new cement works04 January 2007, Published under Cement NewsZoning rules dating back more than 25 years may allow Holcim New Zealand to renew its decades-old plan for a cement works near Oamaru. Land was bought and zoning granted in the mid-1980s, but the cement giant abandoned its plans because of a lack of confidence in the market. The company is reappraising the Weston site and expects to seek resource consents for a $200 million plant soon. It now imports cement to supplement domestic production. The company is also considering a site... |
Demand for cement to grow by 9.5 per cent in five years, India04 January 2007, Published under Cement NewsIt is being anticipated by trade circles that demand for cement in India would grow at a 5-year cumulative annual growth rate of 9.5 per cent, whereas the capacity had increase by 18 per cent in the last 3 years, crossing the rated capacity to reach 28Mta. Taking into account the planned expansions, the capacity is further expected to increase to 42Mt by FY08. Analysts say that FY07 will prove to be a niggling year for the cement industry. "We believe this slump in performance is due to ... |
No shortage of cement, say South African producers04 January 2007, Published under Cement NewsWith building expected to start on Cape Town’s 2010 World Cup stadium by the end of the month, cement suppliers are confident there will be enough material to meet increased construction demands. "Demand has gone up faster than anticipated, and there has been a scramble by companies to install extra plants," said a representative of the Cement and Concrete Institute (C&CI). "The extent of the cement demand growth over the past four years has been phenomenal," said John Gomersall, CEO of Pre... |
South Africa imports seen as ‘temporary measure’03 January 2007, Published under Cement NewsWith building expected to start on Cape Town’s 2010 World Cup stadium by the end of the month, cement suppliers are confident there will be enough material to meet increased construction demands. “Certainly demand has gone up faster than anticipated, and there has been a scramble by companies to install extra plants,” said a representative of the Cement and Concrete Institute (C&CI). “The extent of the cement demand growth over the last four years has been phenomenal,” said John Gomer... |
India’s ACC Dec cement shipments up 3.1 per cent YoY03 January 2007, Published under Cement NewsACC Ltd., India’s second-biggest cement producer, said on Wednesday its December shipments rose 3.1 per cent to 1.65Mt from 1.60Mta a year ago. The Mumbai-based company, one-third owned by Switzerland-based Holcim Ltd, said production in December totalled 1.63Mt, up from 1.57Mt a year ago. |
Vinaconex cement grinding facility comes online03 January 2007, Published under Cement NewsState-run construction biggie, Vinaconex, has commissioned a cement grinding facility in Ba Ria-Vung Tau to help meet market demand in Southern Vietnam. Manufacturing the company’s new Cam Pha cement brand name, the facility is tailored to turn out 1.48Mta from 1.2Mt clinker imported from Thailand and Taiwan. The factory is estimated to cost VND1 trillion (US$62.5m) in total investment, covering 20ha site in the My Xuan A Industrial Park, Tan Thanh District. The southern facility is a bra... |
JK Cement mulls 2Mt plant acquisition02 January 2007, Published under Cement NewsIn the midst of buyouts of Indian cement firms by foreign companies, home-grown JK Cement Ltd is keen to add a capacity of around 2Mt via an inorganic route. Going by sources, the Rs 900-crore company is considering an acquisition next fiscal and may even consider diluting a substantial portion of its equity depending on the value it gets from the target firm. Promoters’ holding in the company is currently at 62%, while financial institutions and the public hold the rest. In the next two y... |