Cement News tagged under: international
China’s March industrial production grows 19.4%09 April 2004, Published under Cement NewsChina’s industrial production growth accelerated in March, suggesting the government may need further measures to cool Asia’s second-largest economy. Factory production grew 19.4 percent to 426.5 billion yuan ($51.5 billion) after rising 17 percent in the first two months of the year, Beijing-based Mainland Marketing Research Co. (China), which releases data on behalf of the National Bureau of Statistics, said in a faxed statement. China’s government is trying to slow investment in stee... |
Egyptian Sinai Cement09 April 2004, Published under Cement NewsThe net profit of Egyptian cement producer Sinai Cement may exceed 65m Egyptian pounds ($10.5m) in 2004, according to the estimates of French building materials supplier Vicat, which owns a 28.57 per cent stake in the company, Sinai Cement chairman Hassan Rateb said. Sinai Cement managed to achieve a net profit of 35.5 mln pounds ($5.7m) in 2003 despite a price war between Egyptian cement producers which had led to a decline in cement prices to 120 pounds ($19.4) per tonne, said Rateb, who is... |
Malaysia’s Cahya Mata Unit Plans JV08 April 2004, Published under Cement NewsMalaysia’s Cahya Mata Sarawak Bhd (CMS) said it has signed a memorandum of understanding with a Philippines company, Premier Capital Venture Corp, to merge their respective units. The companies plan to establish a joint venture between Cahya’s unit, CMS Cement Sdn Bhd., and Premier’s unit, Sarawak Clinker Sdn Bhd, with Cahya owning 50.1 per cent of the joint venture and Premier owning the rest. "The completion of the intended merger is envisaged to transform CMS into an enlarged and fully i... |
Indonesia still hopes to settle Cemex dispute08 April 2004, Published under Cement NewsThe Indonesian government still hopes to settle out of court a dispute with Cemex over Indonesia’s failure to exercise a put option to sell its majority stake in the country’s largest cement maker PT Semen Gresik. ’It is still in progress. We still want the best option which is an out of court settlement. But if they (Cemex) want another option, we are preared to face it,’ Coordinating Minister for Economic Affairs Dorodjatun Kuntjoro-Jakti told reporters. Last December, Cemex filed an a... |
Construction begins on cement plant08 April 2004, Published under Cement NewsVietnam: work began on the Hung Vuong Cement Plant in the northern mid-land province of Phu Tho¹s Thanh Ba District on Sunday. The VND1 trillion (US$64m) plant, which was designed to have capacity of 2500 tonnes of clinker per day, is equipped with various advanced technologies. The plant is scheduled to turn out about 910,000t of cement annually and is expected to go into operation by the end of 2005. The plant is jointly invested by the Housing and Urban Development Corporation, the Phu Th... |
Iskitimcement output falls08 April 2004, Published under Cement NewsIskitimcement (Novosibirsk Region, Russia) produced 75,000t of cement over 2 months, 6.2 per cent down on year, the sources with the enterprise told AK&M news sources. Iskitimcement made 1.005 mln tons of cement in 2003, 1.54 fold up on year. RATM (Novosibirsk Region) holds a 46 per cent stake in Iskitimcement, Novosibirsk Region’s KUGI - 25.5 per cent stake and Moscow Promstroyleasing a further 23.5 per cent. |
Vietnam delays boost for imports08 April 2004, Published under Cement NewsExtensive delays in building cement plants could see Viet Nam continuing to rely on millions of tonnes of imported materials for the next few years, said Tong Van Nga, deputy minister of construction. Construction on all cement plants is running between one and two years behind schedule, blocked by disagreements in bidding and delays in purchasing equipment, according to a report by the Ministry of Construction.. The result, Nga noted, is a serious shortage between stagnant production levels... |
Cement surge runs out of steam?07 April 2004, Published under Cement NewsAfter a strong surge in cement volumes since the beginning of the calendar year, the momentum seems to have slowed down with industry dispatches up by a modest five per cent in March 2004, as against a 10.8 per cent growth in the previous month. Industry dispatches last month increased to 11.3Mt, up from 10.7Mt in the corresponding period last year. For the full fiscal, the total dispatches increased just over six per cent to 117.1Mt, as against 111Mt in the previous year. Industry officials... |
Circle to Shut Down for Upgrade07 April 2004, Published under Cement NewsCircle Cement Ltd Zimbabwe, is shutting down its plant in June for a major refurbishment programme, chairman Ian Coulter said last week. He said the plant would be shut down for about 50 days during which all orders would still be delivered. "Due to the major plant refurbishment scheduled for June/July 2004, the plant will shut down for 50 days to facilitate this major project," the chairman said. "Plans have been implemented to ensure that the company continues to meet demand for cement du... |
Egyptian cement drops in February07 April 2004, Published under Cement NewsEgypt’s cement output dropped to 1.976Mt in February 2004 from 2.228Mt in the same month of 2003, the Egyptian state-run Information and Decision Support Center (IDSC) said in a report. Local cement sales fell to 1.878Mt from 1.97Mt. Egypt’s cement output fell to 16.8Mt in the first seven months of the fiscal 2003/04, ending June 30, 2004, from about 17.1Mt in the corresponding period of 2002/03. Cement sales fell to 1.983Mt in January 2004 from 2.893Mt in January 2003. |