Cement News tagged under: international
Cement firms need protection18 January 2005, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CeMAP) yesterday reiterated that the local cement industry should be strengthened first before tariffs are removed. CeMAP president Felix Enrico Alfiler said in a statement echoed the position of the Department of Trade and Industry that safeguards were necessary "because it saw the need for a strong cement industry in the long run in support of its housing and infrastructure programs." Alfiler reacted to the statement of Economi... |
Peru’s 2004 cement sales rise18 January 2005, Published under Cement NewsPeru’s overall cement sales in 2004 rose 9.3 per cent to 4,541,978t in 2004 from the 4,154,365t sold in the previous year, the National Association of Cement Producers, or Asocem, said Monday. Peru’s cement output, an indicator of domestic demand, has been rising alongside output in the construction sector. Peru’s construction sector expanded by 4.43 per cent in the January-November period in 2004 compared to the same period a year earlier. In December, overall cement sales rose 6.8 per cen... |
Modern Cement second unit starts operation18 January 2005, Published under Cement NewsModern Cement Ltd (MCL), a Bang;ladeshi grinding operation, yesterday launched operation of its second grinding unit catering 600t of cement daily to the huge market demand. With the launching of this second unit, the production capacity of the company reaches a total of 700 tonnes per day, said MCL Managing Director Anisur Rahman while speaking at the inauguration of the second unit located on the banks of the Meghna, 40 km from Dhaka. The first unit with a 100tpd capacity will now be taken... |
Cement firms to profit from building boom18 January 2005, Published under Cement NewsIndia’s leading cement producers are set to report a surge in quarterly earnings, driven by a construction boom in Asia’s fourth-largest economy. Rising middle-class incomes in an economy seen growing at 6-6.5 per cent in the year through March are fuelling the building of multi-storied apartment complexes, shopping malls and roads. The demand has boosted cement shipments and lifted prices -- a trend that is expected to continue in the coming months, analysts said. A Reuters poll of 11 a... |
Andalas seeks to double cement output17 January 2005, Published under Cement NewsIn view of the estimated rise in demand for cement in years to come, cementmaker PT Semen Andalas Indonesia (SAI) will speed up plans to build a plant in Langkat, North Sumatra, while reconstructing its heavily damaged facility in Lhok Nga in Aceh. SAI president Thomas Ehrhart said on Friday the company, 99 per cent owned by Lafarge, had for some time planned to build a second plant near Medan. "We halted the plan in 1998 when the monetary crisis hit," he said. The dollar skyrocketed a... |
Gopeng declines YTL offer17 January 2005, Published under Cement NewsYTL Cement said Gopeng Bhd has declined the general offer the cement company made for the latter’s 35.16 per cent stake in Perak Hanjoong Simen Sdn Bhd. YTL Cement said it received Gopeng’s undertaking late last week. Gopeng is the holder of the remaining 117.74 million shares in Perak Hanjoong. YTL Cement made the offer on December 23 last year when a 32.74 per cent stake in Perak Hanjoong it bought from Danaharta Managers Sdn Bhd for RM109.7 million lifted its shareholding to 64.84 per cen... |
Cement prices remain under pressure17 January 2005, Published under Cement NewsSiam City Cement’s management has a positive view on the outlook for domestic cement demand this year and expects domestic cement consumption to expand by 10 per cent, compared with 12 per cent growth forecast for last year. Strong demand is expected to come from public infrastructure projects, mainly the mass-transit projects. Despite rising domestic demand, cement prices have dropped five per cent during the past few months amid high competition from major cement producers to maintai... |
Saurashtra Cement plans 1.1Mt capacity expansion17 January 2005, Published under Cement NewsSaurashtra Cement, belonging to the Mehta Group, has expansion plans to the tune of Rs 240 crore, which are currently under implementation. The group has similar plans of Rs 75 crore for its other cement entity, Gujarat Sidhee Cement (GSC). Saurashtra Cement and GSC managing director, MS Gilotra, told reporters, "We are expanding Saurashtra Cement’s capacity by 1.1Mt over the existing 1.3Mt. We will also install a 25 mega watt power plant and have other improvement plans for miscellaneous en... |
Cemex will get no priority to develop works17 January 2005, Published under Cement NewsIndonesian government would not give any privilege for Cemex Asia to set up new cement manufacturing in Indonesia when the government invited investors to do business in this sector. The State Minister for State Owned Companies, Sugiharto, said that the government invited new investors to develop cement processing companies in Indonesia to deal with scarcity of cement in the country in 2007. "We invite any investor, including Cemex and PT Semen Gresik, to develop new cement plant," he told... |
PPC sees full-year profit up on growing sales17 January 2005, Published under Cement NewsSouth Africa’s biggest cement producer, Pretoria Portland Cement, expects full-year operating profits to increase thanks to robust sales, the company said on Friday. "We still expect that local cement demand is likely to grow at between 6 and 8 per cent in the year ahead. The growth in cement volumes should enable the company to report increased operating profits for the full year," it said in a trading update. But it said net profit attributable to shareholders will be affected by a signi... |