Cement News tagged under: international
UltraTech to take tribunal plea to Supreme Court on Monday07 June 2013, Published under Cement NewsIndia’s Supreme Court will hear UltraTech Cement's plea challenging an order issued by the Competition Appellate’s Tribunal (COMPACT) on 17 May 2013 instructing the cement companies charged with cartel practices to pay 10 per cent of the penalty imposed by the Competition Commission of India (CCI) last year. Following an appeal from several cement companies against the CCI’s record fine of INR6.3bn issued in June 2012, the tribunal ordered the cement producers to pay the 10 per cent withi... |
Iraq to halt imports indefinitely from next month07 June 2013, Published under Cement NewsThe Cabinet of Iraq has decided to halt cement imports, including white cement, as of 1 July 2013. Aswat al-Iraq News reported that the cabinet has decided to stop all commercial cement imports until the Ministry of Industry recognises an actual need for volumes due to the non-sufficiency of local production. The Ministry of Industry had also stopped issuing import licence as of 14 May 2013, the statement noted. |
Seacem sells shares to comply with public float, Philippines07 June 2013, Published under Cement NewsPhilippine-based Southeast Asia Cement Holding (Seacem) is selling PHP194m worth of shares to comply with the 10 per cent minimum public ownership set by the country’s stock exchange. Seacem said in a disclosure to the Philippine Stock Exchange that it had signed a subscription agreement with two subscribers involving the sale of 555m at PHP0.35/share. The shares account for 7.9 per cent of the company’s outstanding capital stock. The share would boost the cement manufacturer’s public o... |
HeidelbergCement India increases prices07 June 2013, Published under Cement NewsHeidelbergCement India Ltd (HCL) has increased cement prices by INR2-3 per 50kg bag, its chief executive officer and managing director, Ashish Guha told local media. Mr Guha said during an interview with CNBC-TV18 that prices have been hiked despite subdued demand over the past two months and margins have suffered. During the April-May period consumption only rose by 4-5 per cent instead of the 10 per cent growth expected ahead of the monsoon season. However, consequently Mr Guha does not... |
Raysut Cement board approves US$24m investment plan06 June 2013, Published under Cement NewsThe board of directors of Raysut Cement, Oman, has approved investments in four projects totalling US$24m in markets where the company is already present as well as new venture in Somalia. The projects include a cement terminal in Duqm port, Oman, which will also see the construction of two silos with a capacity of 4000t. The Duqm project is set to start operations in the second half of 2014. The company is also constructing a similar terminal at Somalia's Berbera Port which is a joint... |
Siam Cement Group to begin Myanmar plant construction in 2H1306 June 2013, Published under Cement NewsSiam Cement Group of Thailand plans to kick start construction of a greenfield cement plant in neighbouring Myanmar in the second half of this year, having received regulatory approval. The 1.7Mta cement factory has been given the go-ahead by the Myanmar Investment Commission (MIC), allowing the Thai conglomerate to begin construction as soon as the investment value is finalised by SCG's board, according to president and chief executive KanTrakulhoon. The investment value is expected to b... |
Indian producers eye price increase06 June 2013, Published under Cement NewsWith Indian consumption showing some signs of improvement local producers are looking to raise prices ahead of the impending monsoon season. According to sources cited by DNA India, prices are expected to rise by at least INR10/bag to possibly INR15/bag. Monsoon rains are due in June and traditionally supress construction activity until September/October and therefore cement companies generally increase prices before monsoon sets in. At the start of 2013, the average price of a 50kg ce... |
Lafarge to continue investing in China06 June 2013, Published under Cement NewsLafarge said it will continue investing in China in research, namely in research, production and the creation of new partnerships, according to the company’s chief. Bruno Lafont, chairman and chief executive of the French cement major told the People’s Daily China that the company will invest using a “value-growth” model. It will prioritise its existing position in southwest China, although it may expand to other parts of the country, he added. On China’s overcapacity issues, Lafont s... |
Pakistan monthly dispatches fall on transportation issues05 June 2013, Published under Cement NewsPakistan saw a rise in total dispatches for the first 11 months of the current fiscal but May 2013 sales declined by one per cent largely due to transport issues. For the first 11 months of the current fiscal, sales reached 30.552Mt compared to 29.495Mt, representing a YoY rise of 3.5 per cent. Capacity utilisation has reached 74.45 per cent, its highest level since 2006-07 as domestic dispatches have picked up appreciably through the year. However, exports between July 2012 - May 2013 we... |
Bolivia cement sales up 6.6% in 1Q1305 June 2013, Published under Cement NewsBetween Jan-Mar 2013, cement sales in Bolivia reached 671,078t, representing an increase of 6.6 per cent YoY, according to the Ministry of Economy and Public Finances. In 2012, 2.7Mt of cement were sold, up from 2.6Mt the year before and reflecting a steady rise since 2010, when sales were 2.4Mt. Cement producers expect that cement demand in 2013 will see a 10 per cent advance on last year. In terms of imports, Oscar Sandi, director of the state-owned Insumos Bolivia, said imports i... |