Cement News tagged under: international
Moscow city Government calculates losses from Eurocement10 October 2005, Published under Cement NewsMoscow city authorities estimate the construction sector’s losses from hikes in the Eurocement group’s prices at R1.0bn. The sector uses 1.2Mt of cement on average in social housing construction yearly. Eurocement has become Russia’s leading cement maker after taking over INTEKO’s cement production assets. As soon as the deals were closed, cement prices jumped by 70%. The city government admits that the price hikes may take a toll on implementation of city construction programs and developme... |
IFC grants credit facilities to Obajana Cement10 October 2005, Published under Cement NewsInternational Finance Corporation (IFC) granted a cumulative sum of U$196.4m credit facilities to five Nigerian companies in its last financial year. The companies are Obajana Cement Plc, a subsidiary of Dangote Group, Guaranty Trust Bank (GTBank) Plc, Diamond Bank, Accion Nigeria, and African Reinsurance Corporation. The Corporation’s 2005 annual report made available to Vanguard weekend, showed that Obajana Cement topped the list with US$75m grant, GTBank trailed with US$50m while... |
Cement exports surge on Gulf construction boom, India10 October 2005, Published under Cement NewsThe construction boom in the Gulf region has pushed cement exports from India to a new high of 0.5Mt in August ’05. Industry officials said that cement exports from India have shown a growth of 60.7 per cent to 0.5Mt compared to 0.3Mt exported during the same period last year. Cement makers like Ultratech exported 1,26,319t of cement in August while Gujarat Ambuja’s exports touched 1,13,042t. ACC exported 2,477t in August. Robust oil prices have propelled the construction sector in... |
China’s Jan-Aug cement output rises 9.7%10 October 2005, Published under Cement NewsChina produced 640.03Mt of cement in January-August 2005 and 91.53Mt in August alone, a 9.7 per cent and a 14 per cent YoY increase, respectively. Large cement producers, which have an annual production capacity of at least 600,000t, produced 233.87Mt of cement in the first eight months, growing by 17.06 per cent over the same period of last year. The cement sales of the country came to 627.55Mt in the first eight months, creating a sales rate of 98.05 per cent, down by 0.03 perc... |
Vietnam’s cement prices likely to increase10 October 2005, Published under Cement NewsThe Government will allow the Ministry of Construction and the Vietnam Cement Association (Cemas) and other cement producers to submit a plan to bring nationwide cement prices in line with regional rates, according to an official.Deputy minister of Construction Tong Van Nga said that the Government had asked his ministry and Cemas to research the effects of recent coal, electricity and petrol price hikes on the cost of cement production and to prepare a road map to adjust cement prices start... |
Cement sales grow by 9.3 % in first quarter07 October 2005, Published under Cement NewsTotal sales of cement during the first quarter of the current fiscal reached 4.474Mt showing a growth of 9.3 percent over the corresponding period last year when the total sales amounted to 4.093Mt. The exports of cement during the quarter registered a decline by 3.39 per cent over the corresponding period last year whereas domestic demand grew by 10.85 per cent, the All Pakistan Cement Manufacturers Association (APCMA), said. During the period under review overall capacity utilisatio... |
Cement shortage looms in eastern Africa07 October 2005, Published under Cement NewsAn acute shortage of cement is looming in eastern Africa following the return of peace in Sudan and the easy calm in the Democratic Republic of the Congo, which has sparked a vibrant economic environment, cement producers said. The increased cement consumption from the construction industry in Kenya, Uganda, Rwanda, southern Sudan and Madagascar have spurred growth and increased demand in the region, coupled with the extension of public utilities in the Middle East, they said. "There i... |
Russia’s Eurocement Group sees invest at $560 mln in 2005-200807 October 2005, Published under Cement NewsRussia’s Eurocement Group sees invest at $560 mln in 2005-2008 Russian cement producer Eurocement Group expects its investments to total U.S$560m in 2005-2008, the group’s President Mikhail Skorokhod said Thursday at a round table on cement prices. Of the total sum, the group plans to invest $237m in maintenance, $265 million in upgrades and $58m in environmental programs. Cement “shortages” in Russia are expected to amount to 8Mt by 2010, Larisa Barinova, deputy chairman of ... |
Office to probe cement prices07 October 2005, Published under Cement NewsThe Commerce Commission intends to investigate cement prices supplied for wholesale and retail purposes in Fiji and overseas. The commission revealed their intention this week and said they would consult the relevant stakeholders before conducting the study. Under the Commerce Act 1998, the Commission must recommend to the Minister of Commerce, Business Development and Investment the prices of goods and services if it is satisfied with the good or service provided in a limited or likel... |
Gresik sees FY net profit up 10% despite fuel price hike, Indonesia06 October 2005, Published under Cement NewsThe country’s largest cement producer, state-owned PT Semen Gresik, expects its full-year net profit to rise by more than 10% from 520.59bn rupiah in 2004, Semen Gresik president Dwi Sutjipto said. Sutjipto said cost reduction measures will offset the impact of higher fuel prices and allow the company to maintain profit growth. Production costs may swell by 12 pct due to the increase in fuel prices, he told reporters. The government raised fuel prices by an average 126 pct last Saturday... |