Cement News tagged under: international
Argos to evaluate cement price cuts18 October 2013, Published under Cement NewsColombia’s vice president, Angelino Garzon, met with Cementos Argos directors to discuss cement pricing in the country. "I said it is very important that Argos can talk to other cement companies to help the Government to achieve a compromise which allows lower cement prices," said the official. Argos said it would review the pricing structure and seek a reduction in cement prices, in consultation with other cement companies. However, it said the recent price increases were due to highe... |
GCC: returning to form18 October 2013, Published under Cement NewsThis year has marked a broad-based recovery in the construction markets of the Gulf Cooperation Council (GCC) and the region appears to be returning to form, driven particularly by projects in Saudi Arabia and Qatar, as well as emerging signs of recovery in the UAE. A recent report by Global Investment House (GIH) states that the turnaround seen in 2012 is expected to maintain momentum as it sees consumption climbing from 4-5 per cent this year to 6-7 per cent next year due to se... |
Qatar could face shortages due to lack of capacity additions17 October 2013, Published under Cement NewsQatar could face a “major cement shortage” in the near term with no major capacity expansions in the pipeline to meet expected strong rises in demand, a new report by Global Investment House (GIH) has cautioned. In anticipation of the FIFA World Cup in 2022 in Qatar, there are numerous projects planned and underway to ensure that the country has the right infrastructure and competition venues to support an influx of visitors. Projects are currently focused on housing, hotels, 12 stadi... |
CRH opens regional headquarters in Singapore17 October 2013, Published under Cement NewsCRH announced the official opening today of its regional headquarters in Singapore, to oversee the expansion of its existing interests in India and China, and to pursue further development opportunities in the wider Asia region. Commenting on the opening, Ken McKnight, President of CRH Asia said:“ The opening of our regional headquarters in Singapore today marks a further step in the evolution of CRH and an important catalyst for growth in Asia in the medium term. CRH entered the China ma... |
HeidelbergCement India reports quarterly loss17 October 2013, Published under Cement NewsHeidelbergCement India has reported a loss for the third quarter of 2013 due to higher finance costs and depreciation expenses. During the July-September period of 2013 the company reported a INR28.35 crore loss having registered a INR7.5 crore net profit in the same quarter of the last fiscal, it said in a filing to the Bombay Stock Exchange. Total expenses rose to INR314.43 crore during the quarter from INR242.87 crore a year earlier mainly because of higher finance costs and deprecia... |
Cemento Andino expand production capacity to 2Mta17 October 2013, Published under Cement NewsVenezuela’s Minister of Industry, Ricardo Menéndez, announced that Cemento Andino will increase capacity at its Las Llanadas plant in Trujillo from 0.7Mt to 2Mt. The expansion will see the construction of a second, 1.2Mta production line. The project will be carried out by an undisclosed Chinese equipment supplier. |
Asia Cement expects higher nine-month net profit17 October 2013, Published under Cement NewsAsia Cement said it expects a 150 per cent YoY increase in unaudited net profit attributable to shareholder for the first nine months of the year. The company says the advance is due to higher sales volumes and a decrease in coal costs compared to the same period of last year. |
China: new measures to curb overcapacity16 October 2013, Published under Cement NewsChina has announced new plans to curtail overcapacity that is persisting in a number of sectors and is offering fiscal incentives to encourage the removal of obsolete capacity. New projects will be banned in sectors experiencing overcapacity including the cement, steel, aluminium, glass, and shipbuilding, and new fiscal incentives will be provided to encourage companies to phase out extra obsolete capacity on top of the original goals by 2015, the State Council said in a statement dated 6 ... |
Lafarge Pakistan plans to issue shares16 October 2013, Published under Cement NewsLafarge Pakistan Cement Ltd has called an extraordinary general meeting on 29 October 2013 to seek approval from shareholders to make arrangements to settle an outstanding payment of PKR1.434bn (US$13.5m). According to company, this amount represents technical and managerial support provided to the company by Pakistan Cement Holding Ltd (PCHL) which is payable in foreign currency. The continuous devaluation of Pakistani Rupee is posing increasing exchange losses to the company. With the co... |
Cimpor to refocus Portuguese operations towards exports16 October 2013, Published under Cement NewsWith Portuguese cement demand remaining subdued, Cimpor is trying to reorientate cement output from its domestic operations towards export markets, CEO, Ricardo Lima, has said. Speaking to economic daily Diario Economico, Mr Lima said that the company is trying to transform Portugal to an export platform. The company currently has an installed cement capacity of some 9Mt in the country while domestic demand stands at just 1.5Mta. Exports volumes have doubled in the past two years with mar... |