Cement News tagged under: international
China’s output of cement in April01 June 2004, Published under Cement NewsChina produced 80,559,900t of cement in April 2004. The output in January-April reached 260,704,200t, up 21.3 percent year on year, according to the National Bureau of Statistics. |
Cement consumption drops 10 per cent01 June 2004, Published under Cement NewsCement consumption in Brazil dropped 10 per cent in April to 2.67Mt compared to the ,month before, according to statistics released by the country’s national cement industry union SNIC. Last month’s cement consumption was up 0.68 per cent from April 2003. The volume of cement produced in April dropped 6.75 per cent to 2.63Mt from the month before but rose 1.31 per cent compared to April 2003, the SNIC said. |
Beat the monsoon01 June 2004, Published under Cement NewsCement prices have firmed up in the southern and western regions of India even as the monsoons are fast approaching. Andhra Pradesh has witnessed a significant `price correction’ post-elections, with retail cement prices rising by 6 percent. In Maharashtra, there has been a 3 percent increase in cement prices since mid-Apr 2004 due to an increase in rural demand. The price increase is mainly because construction demand is picking up just before the onset of the monsoons. In Andhra Pradesh, ce... |
Inteco lady keeps on growing01 June 2004, Published under Cement NewsYelena Baturina, owner of Inteco corporation and wife of the Moscow Mayor, keeps broadening her business empire. Inteco recently bought a 100 per cent stake in Pikalovsky Cement, the largest cement producer in the Northwestern Region, from Metallurg holding managed by Sevzapprom. After this deal, which experts estimate at $30m, Inteco will become Russia’s second largest cement producer. Formerly, the cement division of Inteco included three plants bought out from Aton investment company.... |
Cemex eyes five per cent sales increase in US01 June 2004, Published under Cement NewsCemex expects US sales volumes to grow 5 per cent this year compared to 2003 thanks to highway, industrial, commercial and housing projects, El Norte quoted VP of corporate finance Rodrigo Treviño as saying. "Organic growth in the US market will be between 2-3%, but this increases to 5% when we add production from Dixon, a small acquisition we carried out in third quarter last year," Treviño said. The US is Cemex’s largest foreign market, representing 22% of total sales, which came in at... |
UK Medway project put on hold01 June 2004, Published under Cement NewsLafarge Cement UK has confirmed that it is delaying the development of its new cement works at Snodland in the Medway Valley. Lafarge Cement managing director, Jean-Francois Sautin, said: ³We have chosen to break the link between Northfleet Works closing and the Medway plant opening. Instead we will be adopting a new supply arrangement to ensure that our UK works and the other Works in the Group¹s Europe network are fully utilised. In the meantime, we will continue with the necessary site wo... |
Australia’s Boral Withdraws ACCC Undertaking28 May 2004, Published under Cement NewsBoral Ltd said Friday it has withdrawn an undertaking to Australia’s competition watchdog that the company won’t proceed with a A$$862 million takeover bid for rival Adelaide Brighton Ltd. As a result, Boral expects the Australian Competition and Consumer Commission to take legal action in the Federal Court to stop the bid, the company said in a statement. Boral has proposed a cooperative approach with the ACCC to seek an early resolution of the competition issues involved, which led... |
Cement prices set to rise by Rs 7 in Mumbai28 May 2004, Published under Cement NewsAfter a gap of two months, retail cement prices in Mumbai - the country’s largest cement market - are set for a Rs 7 hike, taking the price of a 50 kg bag to Rs 177. Senior industry sources said companies have announced this price increase to tap the pre-monsoon demand. "Cement prices in Mumbai have been consistent in the Rs 170 range since March, while they have risen in some other markets," a senior industry official said. Cement analysts pointed out that repair work picks up in May, j... |
Etisalat, Ras al-Khaimah Co for White Cement28 May 2004, Published under Cement NewsThe board of directors of UAE Ras al-Khaimah Co for White Cement & Construction Materials elected Sheikh Ahmed bin Humaid al-Qasimi chairman, it was reported on 27 May 2004. The new chairman was elected at a board meeting on 25 May 2004. Ras al-Khaimah Co for White Cement & Construction Materials posted a net profit of AED3.58m (US$975,000) for the first quarter of 2004, down from AED6.7m (US$1.8m) in the same period of 2003. The company is listed on the UAE Abu Dhabi Securities Market (... |
DTI shortens testing period, Philippines27 May 2004, Published under Cement NewsImported cement will now be able to reach the markets faster as the Department of Trade and Industry (DTI) has ordered the shortening of the product testing period to only seven days from 28 days. The directive is DTI’s second major effort this year to encourage more cement imports in a bid to reduce prices by increasing supply. A P5 reduction in the P20.60 safeguard duty for every 40kg bag of cement was earlier ordered. Cement prices have continued to surge this month despite the on... |