Cement News tagged under: international
Zuari Cements workers prepare for strike14 June 2004, Published under Cement NewsDemanding that the management of Zuari Cements Ltd re-induct six workers who were expelled for their alleged attack on management, over 350 permanent workers of the Cement factory are getting ready to go on strike from June 14. The trouble started when the factory management issued notices to the workers offering Voluntary Retirement Scheme (VRS) unilaterally in November last year. When the workers started an agitation to express their resentment over the management¹s decision, the latter exp... |
Mexico’s Cemex confronts US cement crunch11 June 2004, Published under Cement NewsCemex is expanding its infrastructure in the US, and hoping soon to step up exports to the country where demand is outpacing supply. On Wednesday, Cemex’s US subsidiary said it plans to build an import terminal in Richmond, CA that can handle 1Mta of cement to meet growing demand in the region. Monterrey-based Cemex, the world’s third largest cement producer, said phase one of the new project consists of a 500,000tpa rail terminal expected to go into operation early in 2005. Phase two inv... |
Semen Gresik predicts rise in production11 June 2004, Published under Cement NewsState-owned PT Semen Gresik (SG), the country’s largest integrated cement producer, said domestic cement production was expected to grow by 10 percent this year on higher demand from the property sector. SG president Satrio said property sales had increased because of the central bank’s lower interest rate policy, which prompted more people to buy houses and apartments via bank loans |(reports The Jakarta Post). "Domestic cement output is expected to grow by 10 percent .... As for SG, we ex... |
Baltsem to increase cement production11 June 2004, Published under Cement NewsUkraine’s largest producer of cement, the Baltsem plant (Balakliia, Kharkiv region), intends to increase cement production by 16.3 per cent or 0.246Mt in 2004 compared with 2003, to 1.75Mt. According to a Baltcem spokesman in 2004 the plant intends to increase the volume of clinker burning to 1.5Mt following the completion of some recent upgrade work. Based upon the information of the Agency for Development of the Stock Market’s Infrastructure, 12.5% shares in Baltsem belong to Barrington In... |
Amnesty slams CRH for Israeli wall work11 June 2004, Published under Cement NewsAmnesty International, has condemned CRH for its involvement in the construction of a wall cutting off Palestinian land in Israel. CRH owns a 25 per cent stake in the Mashav Group, an Israeli holding company for Nesher Cement, which is the sole provider of cement in Israel. The wall - described as a "security fence" by the Israeli Government - runs for hundreds of miles along the West Bank/Israeli border but cuts into Palestinian territory over much of its length. Amnesty has stated that... |
Cement shortage not raising price yet11 June 2004, Published under Cement NewsA US cement shortage in the south has neither increased prices nor affected state- funded projects, but that will change if the product remains scarce, construction officials said. The shortages will likely get worse before the situation improves, said Ed Sullivan, chief economist for the Portland Cement Association, an industry trade group based in Skokie, Ill. "The keys are what happens to demand later in the year," Sullivan said. Rising interest rates could slow residential construc... |
Cemex US new import terminal, Northern California10 June 2004, Published under Cement NewsCemex has announced that its United States subsidiary Cemex, Inc. has reached an agreement with Levin Enterprises to build a 1Mta Portland cement import terminal in Richmond, CA. This state of the art terminal will enable CEMEX Inc. to meet the needs of a growing construction market in Richmond, CA. and the surrounding areas. "We continue to strategically enhance our cement portfolio. This new terminal will increase the flexibility of our existing distribution system, enabling us to meet... |
Collomb says co’s German market still in decline, to rebound in H210 June 2004, Published under Cement NewsLafarge chairman and former chief executive Bertrand Collomb said its US market rebound has continued, with further improvement in volume and pricing conditions, but Germany will remain weak until later in the year. Speaking on the sidelines of the International Chamber of Commerce conference in Marrakesh, Morocco, Collomb told AFX News that the German market has continued to decline, although there are signs portending a recovery in the second half. ’There has been a downward trend ... |
Gresik expects 15% rise, Indonesia10 June 2004, Published under Cement NewsIndonesia’s biggest cement maker, PT Semen Gresik Tbk, saidits consolidated cement sales were expected to rise more than 15 per cent in 2004, after easing 3.2 per cent last year due to lower exports. “Sales volume this year will be good, and should grow above 15 percent at the consolidated level. But Gresik itself could increase close to 20 percent," company president Satriyo told reporters. He did not give reasons for the sharp rise. Gresik, with units PT Semen Padang and PT Semen T... |
Jiangxi Cement gets CNY120m loan from for production line, China10 June 2004, Published under Cement NewsJiangxi Wannianqing Cement Co Ltd said it has signed a contract for a CNY120m loan from a branch of China Construction Bank (CCB) in the eastern Chinese province of Jiangxi for a new cement production line with daily output of 4000t. In a statement, the cement producer said the term of the loan is from 7 June 2004 to 26 Jan 2011, at an annual interest rate of 5.76 per cent , and the company will use its property as collateral. In an earlier statement in March, the listed company said... |