Cement News tagged under: international
Higher prices encourages investment in Kazakhstan25 January 2006, Published under Cement NewsCement prices in Kazakhstan have been improving strongly in response to strong demand, though price levels show considerable regional variations in a country with a difficult geography and largely dependent on the railway system to shift cement. Cement consumption in 2005 is estimated to have risen by around one-fifth to around 4.5Mt, of which around 1.5Mt was represented by imports, with some the highest prices being reported in the capital Astana. This has been of particular benefit to Cen... |
Venezuela plans new state-owned cement plant25 January 2006, Published under Cement NewsVenezuela’s new state cement manufacturer, a joint venture with Iran, will start production within 18 months with an annual capacity of 1Mta aimed at the domestic market, the company’s president said on Tuesday. "In about 18 months we could be putting cement on the market," Rafael Lugo told reporters. The executive did not specify initial levels of production, but the project is expected to be completed in three years after starting in December. Investment in the plant will be US$221m wit... |
Sekhsaria takes over as ACC chairman25 January 2006, Published under Cement NewsThe board of Associated Cement Companies (ACC) has undergone a major reshuffle. The ACC board on Tuesday appointed NS Sekhsaria, the current deputy chairman and one of the promoters of Gujarat Ambuja Cement (GACL) as the new chairman of the company. The ACC board’s move is based on a surprise decision taken by Tarun Das, the current chairman of the company, to quit from the post of ACC chairman. Mr Das was supposed to serve as the chairman of ACC till the end of ’07. Holcim’s country repr... |
Mexican cement stocks sluggish25 January 2006, Published under Cement NewsDespite the news that the US will eliminate antidumping tariffs on cement imports from Mexico, the stock price of the main exporters, Cemex and Grupo Cementos de Chihuahua have shown little reaction. As the US Department of Commerce (DOC) announced the news last Thursday afternoon, the share price of the two companies made small gains, but the increases were lower by the close of trading. On the NYSE, Cemex’s ADSs climbed from US$61.20 at Wednesday’s close to US$62.72 at the end of busine... |
Indonesia: growth to ease in 200625 January 2006, Published under Cement NewsIndonesia’s domestic cement plants are expected increase production and exports this year but their growth will probably slow to under 10 per cent, a senior official said here on Monday. Director General of the Ministry of Industry, Benny Wahyudi said increase in the infrastructure and housing development would help boost the growth of industries at home. He said that this year the property and housing sectors were expected to grow by 25 per cent, adding that the construction of 523km of ... |
PPC - trading update24 January 2006, Published under Cement NewsPPC’s Chairman announced at the AGM held at PPC Monday that trading conditions in the first quarter of this financial year have continued to be favourable with regional cement sales volumes ahead of our expectations. Production facilities ran at high utilisation levels and this resulted in a further improvement in the cement operating margins. The Jupiter plant situated in Germiston, Gauteng, is on schedule to commence cement production in this quarter which will augment current industry ca... |
Secil bids for Libyan plant24 January 2006, Published under Cement NewsPortuguese cement producer Secil has launched a bid for the acquisition of a cement plant in Libya, Portuguese daily Jornal de Negocios said on January 24, 2006. The Libyan plant is currently slated for privatisation and Secil targets the controlling stake in it, or 50 per cent of the stake plus one share, the same source said. No information was available on the value of the Secil offer and the location of the plant. |
Indian cement industry in growth mode24 January 2006, Published under Cement NewsThe Indian cement industry has witnessed a robust growth of 8.7 per cent in volume terms during the third quarter of current financial year and about 10 per cent rise in dispatches in the first nine months of the year. This, despite a slight drop in exports and excessive rains in south. "The healthy volume growth, stable cement prices post-monsoons, declining prices of pet coke and imported coal, and the benefits of the value-added tax (VAT) are likely to boost the Q3FY2006, results of ce... |
Iraqis feel pinch of free-market reforms24 January 2006, Published under Cement NewsSince 2003, the United States has been pushing for rapid free-market reforms in Iraq. Such policies, U.S. officials say, are necessary to spur development and revive Iraq’s moribund economy, which is still suffering from sanctions and decades of Baath Party mismanagement. But rapid economic liberalization here is taking a toll on ordinary Iraqis. They’ve seen prices skyrocket for everything from shampoo to vegetables to heating oil. Food rations meant to help the estimated 8 million Iraqis w... |
China industrial profitability: from rapid to steady growth24 January 2006, Published under Cement NewsThe National Development and Reform Commission (NDRC) predicted on January 24 that the profits of China’ s industrial enterprises are estimated to grow about 20 percent in 2005, a slowdown from some 30 percent to 40 percent in the previous three consecutive years. This implies that the profitability of China’s industrial enterprises has shifted to the stage of steady growth, from rapid growth. But Zhu Hongren, deputy director of the NDRC Economic Operation Bureau, said “such a transition ... |