Cement News tagged under: international
13.3Mt of cement consumed, Vietnam13 June 2006, Published under Cement NewsThe country consumed 13.3Mt of cement in the first five months of the year, a YoY increase of 15 per cent, according to the Ministry of Planning and Investment. In order to stabilise the cement market, the Ministry of Construction has requested domestic enterprises to further apply advanced technology to reduce expenses and increase capacity. - VNS |
China’s CAMC to build cement production line in Kyrgyzstan13 June 2006, Published under Cement NewsChina CAMC Engineering Co Ltd has concluded a deal to construct a cement production line in Kyrgystan, the official Shanghai Securities News reported. The plant is expected to have an output of 2500 tons of cement per day and will be completed in 2008, the report said. It added that China will provide US$77.8m in preferential export buyer’s credit for the project. CAMC Engineering Co Ltd was the first Chinese firm to launch an initial public offering (IPO) after the China Secu... |
Cement prices up Rs 3 a bag, projects’ costs to rise, India13 June 2006, Published under Cement NewsWithin a month of the government demanding an explanation from the country’s cement manufacturers for exorbitant rise in prices, cement rates have been hiked again, making it fifth hike in last six months. Dealers in Mumbai, the biggest cement market, confirmed to FE that prices per 50 kg bag of the construction material have been hiked by Rs 3, from Rs 225-240 range to Rs 228-243 from Saturday last. Cement companies last month had assured the government “to maintain the current price level... |
US$290m cement plant on way, Saudi Arabia13 June 2006, Published under Cement NewsGazan Agricultural Development said it plans to build a SR1.1bn ($293m) cement plant, the latest in a series of such projects amid a surge in demand in Saudi Arabia. Shares in the company soared by nearly the 10 per cent daily limit to SR53.50 after the announcement. The company said the trade and industry ministry gave its approval to the plant which will have a production capacity of 1.5Mta. ’The firm will finalise procedures for other approvals with the oil and mining ministry and will ... |
Cement producer pays compensation to foreign customers, Turkey13 June 2006, Published under Cement NewsDue to a boom in the construction sector, Nuh Çimento prefers to sell cement to domestic customers, thus reducing its exports and having to compensate international customers as a result. Nuh Çimento, a leading cement producer, had to cut into its exports to meet domestic demand this year, CEO Atalay Şahinoğlu said. Nuh Çimento had deals to export 1,700,000t of cement this year but had to reduce this amount due to a boom in the construction sector in Turkey that led to an increase in domes... |
Kalla insists new SG shareholder must comply12 June 2006, Published under Cement NewsVice President Jusuf Kalla insisted Friday that whoever eventually bought a stake from Cemex SA in state-controlled cement producer PT Semen Gresik (SG) would have to comply with the requirements laid down by the government. Although saying that he had yet to receive a report on the latest developments in the Cemex-Semen Gresik saga, Kalla reiterated the government’s stance that the stake should be bought by a local investor, and that a portion of the shares be sold to local government com... |
Saudi firm plans $293m cement plant12 June 2006, Published under Cement NewsGazan Agricultural Development said yesterday it plans to build a 1.1bn riyals ($293m) cement plant, the latest in a series of such projects amid a surge in demand in Saudi Arabia. Shares in the company soared by nearly the 10 per cent daily limit to 53.50 riyals after the announcement. The company said the trade and industry ministry gave its approval to the plant which will have a production capacity of 1.5 million tonnes per year. "The firm will finalise procedures for other approvals wi... |
Cement demand increases in Pakistan12 June 2006, Published under Cement NewsThe growth demand for cement within the country registered 13 percent increase during the first eleven months of the prevailing fiscal (July – May 2006) which comes to the total demand at 15.18Mt, as compared to 13.40Mt during the corresponding period of last year. On the export front, the demand for cement was however five per cent lower at 1.36Mt. Consequently, total industry cement dispatches stood 11 per cent higher at 16.54Mt. Overall, the higher demand figures have resulted from impro... |
Udaypur cement factory padlocked12 June 2006, Published under Cement NewsWorkers of the Udaypur Cement Factory on Thursday padlocked the office of the factory demanding a permanent status. The labourers said they will shut down the company until their demands are met. Claiming to have been working on temporary basis for more than 12 years for Rs 200 (US$4.35) as daily wages, the labourers said they decided to shut down the factory after the administration ignored their demands agreed upon in mid-May. "The company did not implement the agreement reached between t... |
Indonesia’s cement consumption declining12 June 2006, Published under Cement NewsIndonesia’s cement consumption is forecast to continue to be on the decline until the end of the first half of this year with purchasing power of the people still weak. Cholil Hasan, the Finance Director of PT Semen Gresik, the state and country’s largest cement maker, said with the declining trend the five per cent growth target for cement sales in the country this year may not be achieved. A decline in sales will still continue to mark cement market in the second quarter of this year, Chol... |