Cement News tagged under: international
Cement plants working at full tilt, South Africa23 May 2006, Published under Cement NewsCement plants are creaking under pressure from rising demand, and some of SA’s largest cement makers have experienced breakdowns at plants that are being run flat out, reports Businesss Day. One of Lafarge’s biggest kilns was back on line after a two-month breakdown caused by a fire, the company said on Friday. Lafarge’s Frederic de Rougemont said that the firm had two months’ stock in store when the plant went down, so there was little effect on supply in the market. But the damage ... |
Malaysia’s CIMA targets five per cent revenue growth in 200623 May 2006, Published under Cement NewsCement Industries of Malaysia Bhd (CIMA) said on Monday it aimed to boost revenues and return on equity this year. The cement maker said in a statement to the exchange it was targeting five per cent revenue growth this year, compared with a one per cent fall last year, and six per cent return on equity, compared with a negative return of three per cent last year. |
Qatar cement shortage23 May 2006, Published under Cement NewsA serious shortage of cement has hit the construction industry in Qatar, reports The Peninsula. Cement has not been plentiful for some time, but, according to an official at the Qatar Chamber of Commerce, the situation is now critical. Local demand is 13,000 tonnes per day, but supplies are falling well short of this and it is feared work on some projects will cease, including those for the upcoming Asian Games. |
Venezuela to set up US$221m cement plant23 May 2006, Published under Cement NewsVenezuelan President Hugo Chavez announced that the country will set up a US$221m cement plant in Maturin, in the Venezuelan northern state Monagas. The facility will be operated by a newly established social production enterprise (EPS) for cement, named Cemento Cerro Azul. The plant will have a capacity of 1Mta. The financing of the project will be guaranteed by the state fund Fonden. The plant will allow the country to increase its cement production and to meet the growing domestic deman... |
China’s output of cement in March 200623 May 2006, Published under Cement NewsChina produced 92,636,700t of cement in March 2006. The output in January-March reached 215,547,900t, up 23.3 per cent YoY according to the National Bureau of Statistics. |
Vested interests could win in Cemex sale22 May 2006, Published under Cement NewsAn acute lack of leadership on the part of President Susilo Bambang Yudhohoyono’s government to act decisively on unpopular, yet good, measures, is an apt way to describe this ongoing business saga between Cemex and Semen Gresik (reports The Jakarta Post). Finance Minister Sri Mulyani Indrawati, on behalf of the President and the chief economics minister Boediono, last Tuesday notified State Enterprises Minister Sugiharto that the government had no money to take up Cemex’s 25 percent holding... |
Cement prices up due to demand, not cartel22 May 2006, Published under Cement NewsThe Indian cement industry is in the midst of an unwanted controversy. With the prices rising, Commerce Minister Kamal Nath had accused the industry of forming a cartel. Nath asked the industry to cut prices and even threatened to ban exports which led to a sell-off in cement stocks on the stock markets. Anil Singhvi, managing director of Gujarat Ambuja Cements, spoke to The Indian Express about various issues facing the industry. The commerce minister has threatened to ban exports. Will it ... |
Cement production to start in Laos22 May 2006, Published under Cement NewsThe production of cement at the Saravane cement factory, Laos, will start at the end of this year, according to a local source. The construction of the factory has so far been 70 per cent completed and will be trialed for operations soon. The local source also said the Saravane cement factory construction is the result of a contract between the Lao Government and the Zhongya Yuxic Cement Lao Company of China, signed on 28 February, 2002. The US$20m project with 100 per cent investment ... |
Lafarge improving in Malaysia22 May 2006, Published under Cement NewsLafarge Malayan Cement Bhd, which swung into the black in the first quarter of the year, expects to continue as the local market leader this year, riding on improved operational efficiency and increased production. Its chief executive officer Alain Crouy said the company, which commands about 40 per cent market share, plans to increase its current production capacity of 8Mt of clinker and 12Mt of cement. “We are running at 100 per cent capacity now. Capacity will be increased using the... |
Akcansa to invest US$135m in capacity increase22 May 2006, Published under Cement NewsTurkish cement producer Akcansa will invest US$135m to raise the capacity of its cement plant in Canakkale, western Turkey, company general director Mehmet Gocmen said on May 19, 2006. The project is scheduled to be completed by the end of 2007. Cement production in the country was fuelled by the boom in the construction sector which registered a growth of over 20 per cent in 2005, Gocmen added. Akcansa is a joint venture between local industrial conglomerate Sabanci Holding and German... |