Cement News tagged under: international
Pakistan cement sector to add capacity07 January 2005, Published under Cement NewsThe Pakistan cement sector is likely to add 21Mt of additional capacity in the next four years, analysts said on January 5. "We foresee the existing production capacity of the industry increasing by 20 per cent over the next 5 years," one analyst of KASB&Co said. As such "We foresee at least 21Mt of additional cement capacity over the next four years." Among the cement manufacturers, Lucky is emerging as the market leader with the implementation of its massive expansion plans of 16,800 ton... |
Salonit Anhovo Acquires 5stake in Kema Puconci07 January 2005, Published under Cement NewsSlovenian cement manufacturer Salonit Anhovo has acquired a 54.93 per cent stake in its local building materials firm Kema Puconci. Salonit acquired the 119,382 shares by 30 December. But the bid to acquire all shares is open until 17 January. Even before Kema published an offer for the acquisition of all shares, Salonit Anhovo had purchased 24.97 per cent stake in Kema. The management of Kema Puconci said earlier that it did not oppose Salonit Anhovo’s plans to buy all of its sha... |
Indocement sees demand up due to Aceh work07 January 2005, Published under Cement NewsPT Indocement Tunggal Prakarsa, a unit of Germany’s Heidelberger Zement AG, said it expects demand for cement to increase once reconstruction work begins in the tsunami-hit Aceh province, but added that it is uncertain whether the company will derive any financial benefit. As its production facilities are located in West Java, Indocement currently serves only the West Java and Jakarta market. It does not have any receiving facility near Aceh or North Sumatera. Indocement’s investor relations... |
Kuwaiti Cement Companies ask for price increase07 January 2005, Published under Cement NewsThree Kuwaiti cement companies have asked the Kuwaiti Ministry of Trade and Industry for an increase in the cement price agreed between the two sides, it was reported on January 6, 2005. During a meeting on January 5, 2005, representatives of Kuwait Cement Company, Kuwait Portland Cement and Hilal Cement verbally asked the ministry for an increase in the agreed cement price on the grounds of increased prices of building materials in the global markets, higher costs of raw materials and incr... |
Ship loss caught on camera06 January 2005, Published under Cement NewsA photo of the MV Cina Andalas which was caught by the full force of the Tsunami whilst awaiting to load at the Semen Andalas facility in Bandar Aceh last week highlights the devastation caused by the incoming wave. Over 16 crew members are missing presumed drowned, while the plant has apparently lost over 345 workers and staff out of a total of 625. With the plant likely to be out of action for at least 18 months, Lafarge... |
Cemex completion of RMC buy postponed06 January 2005, Published under Cement NewsCemex said the completion of its acquisition of RMC Group PLC will be postponed because the deal has not yet received clearance from the US anti-trust authorities. The court hearing to complete the deal, which was due to take place on Jan 11, will be postponed, Cemex said. It said it remains confident that the necessary clearance will be obtained and expects the acquisition to become effective during February. The acquisition received clearance from the European Commission on Dec 8. |
Cement industry expects to grow 8-9%06 January 2005, Published under Cement NewsWith the continued focus on infrastructure development and a boom in construction witnessed in many parts of the country, the New Year is expected to see an increase in demand for cement. AK Jain, executive director - marketing, ACC, told FE: "We expect an 8-9% growth for the industry during 2005. Prices will continue to firm up across the country." Gujarat Ambuja (GACL) director, AL Kapur foresees a fairly balanced supply-demand scenario and expects an 8% demand growth this calendar year. M... |
Construction supplier sales up 15%06 January 2005, Published under Cement NewsConfirming the trend seen in previous months, the sales index of the Chilean construction sector’s wholesale providers climbed substantially in November. The year-on-year gain in the month reached 15.2 per cent, while seasonally-adjusted figures showed a 10.3 per cent increase. The most popular products sold in the period of reference were concrete, steel rods and cement. Sales for cement were up by 54.3 per cent year-on-year, respectively, which means that November’s total sales outstripped... |
Gujarat Ambuja’s Dec sales rise06 January 2005, Published under Cement NewsGujarat Ambuja cement has recorded a 11 per cent rise in cement despatches at 1.254Mt in December 2004 against 1.123Mt registered in the same month a year ago. Gujarat Ambuja said in a statement, the despatches for the period July-December 2004 grew 15 per cent to 7.031Mt from 6.086Mt in the corresponding period a year earlier. The company’s production grew by 14 per cent last month at 1.263Mt compared to 1.107Mt in the same period last year. Prodcution of the July-December 2004 has recorded... |
Cement exports rise in Pakistan06 January 2005, Published under Cement NewsThe export of cement recorded an increase of 58.52 percent to 777,352t in the first half (July-December) of the current fiscal year compared to the same period last year, according to the data released by the All Pakistan Cement Manufacturers Association (APCMA) on Wednesday. The association said total cement sales in the domestic market rose to 7,034,863t, up 21.23 percent against the same corresponding period last year. In the period from July to December, the association said the capac... |