Cement News tagged under: international
Malaysia okays 10% rise in cement price22 December 2006, Published under Cement NewsThe government of Malaysia has approved a 10% increase in the price of cement, the first rise in more than a decade, an industry executive said Friday. His comments sent shares of cement makers sharply higher. The executive told Dow Jones Newswires that the government has approved the sale of cement at MYR218 a metric ton from the current MYR198 a ton, which was set in 1995. The government sets the ceiling price for many sensitive items such as cement, sugar, flour and petroleum.... |
China’s Cement Output Exceeds 100Mt in November22 December 2006, Published under Cement NewsAccording to statistics by the relevant departments, in November 2006 China’s cement output continued to increase and reached 114.9781Mt, up 16.6% YoY. Since the beginning of April, China’s monthly cement output has exceeded 100Mt for eight consecutive months. In the first eleven months of 2006, China’s combined cement output was 1.0974263bn tons, up 19.7% YoY. |
Lafarge begins cement production in Bangladesh21 December 2006, Published under Cement NewsLafarge Surma Cement Limited (LSCL), has started producing cement at a $270m Bangladesh project to meet demand from the country’s growing construction sector. The LSCL is a joint entity of Lafarge and Cementos Molins SA of Spain, government officials said. "Initially, the plant will produce 1.5Mta of cement which would meet about 10 per cent of the local demand," Yong Ngai Chan, a senior company official, said while visiting the plant at Chhatak, in northeastern Sunamganj dist... |
Changes afoot at Eurocement?21 December 2006, Published under Cement NewsMarket speculation as to the possibility of Filaret Galchev re-aligning some if not all Eurocement Group’s wide diversity of Russian and Ukranian cement assets is gathering some credence among Moscow insiders. Adding an extra twist are the unconfirmed reports that Roman Abramovich (now owner of Chelsea Football club) is interested in picking up the 44 per cent stake in the subsidiary Eurocement held by the US investment fund Russia Partners. Earlier Russia Partners felt that they had been c... |
Fate of CCI unit in balance21 December 2006, Published under Cement NewsThe closed Adilabad unit of Cement Corporation of India (CCI) may be put on auction block if events are any indication. According to S. Vilas, general secretary of the CCI Employees’ Union here, the Appellate Authority for Industrial and Financial Reconstruction (AAIFR), on December 7, dismissed the application seeking its interference regarding the factory’s revival in Government section. Petition to be filed Though the union is likely to challenge the decision at an appropriate co... |
Planned cement plant could give US$60m lift to area21 December 2006, Published under Cement NewsHolcim’s proposed $200m cement plant for Weston near Oamaru could inject up to $60m into the north Otago economy during a two-year construction period, a social-impact study says. Holcim is distributing 8000 copies of the study, the 11th for the proposal, this week. The report estimates that if the plant was built, about half of the construction cost would be spent directly with businesses in New Zealand, including those in the Waitaki. It is believed that much of the $24m in sal... |
Nordic Bank provides credit to cement plant’s expansion21 December 2006, Published under Cement NewsThe Nordic Investment Bank (NIB) and the Ministry of Finance have signed a EUR 25m credit agreement for the expansion of Vietnam’s Hoang Thach cement factory. The Bank for Investment and Development of Vietnam was assigned to receive and manage the credit. The credit helps bring the total capital NIB has pledged for Vietnm’s development projects to US$345m since 1996, said the bank. NIB - a multilateral financial financing institution established by the five Nordic countries: Denmark, Fin... |
Changes afoot at Eurocement?20 December 2006, Published under Cement NewsChanges afoot at Eurocement? Market speculation as to the possibility of Filaret Galchev re-aligning some if not all Eurocement Group’s wide diversity of Russian and Ukranian cement assets is gathering some credence among Moscow insiders. Adding an extra twist are the unconfirmed reports that Roman Abramovich (now owner of Chelsea Football club) is interested in picking up the 44 per cent stake in the subsidiary Eurocement held by the US investment fund Russia Partners. Earlier Russia Partn... |
Hanson expects profits in 2006 to increase by more than 10%20 December 2006, Published under Cement NewsHanson is seeing continued strong pricing in its aggregates driven US operations. Price increases have exceeded 10%, though underlying volumes are slightly below the level of last year. Building products are seeing higher volumes in pipes and pre-cast concrete, but brick sales are down on the back of the fall in housebuilding activity. The British aggregates and ready-mixed concrete volumes are down on 2005 as demand has continued to soften, but prices have improved and profits have gr... |
Full-year cement sales set to decline, says Holcim (Indonesia)20 December 2006, Published under Cement NewsHigh interest rates in the early months of the year have taken their toll on the cement industry, with full-year domestic sales set to decline on lower demand, a top industry player predicts. "This year has been an extraordinarily tough one for our industry," said Tim Mackay, president director of PT Holcim Indonesia during a company briefing Tuesday. |