Cement News tagged under: international
Valderrivas names new President and CEO03 April 2013, Published under Cement NewsThe Board of Directors of Cementos Portland Valderrivas has agreed to appoint José Luis Sáenz de Miera as Chairman and CEO. Sáenz de Miera replaces Juan Bejar, who was recently appointed Vice Chairman and CEO of FCC. Among other positions, Saenz de Miera has been head of Cemex in southern Europe, Africa, Middle East and Asia, and Vice Chairman and CEO of Cemex Spain. Saenz de Miera replaces Juan Béjar, who last month was named Vice Chairman and CEO of FCC and has resigned as a director... |
Colombia’s cement demand down 2.7% in February02 April 2013, Published under Cement NewsCement consumption in Colombia slipped 2.7 per cent YoY to 823,700t in February, according to Dane, the country’s national statistics bureau. Retail dispatches fell 5.7 per cent and were the key factor in the falling demand. Construction companies and contractors, on the other hand, increased their use by three per cent. Cement production fell 4.8 per cent YoY to 823,700t in February. In the past 12 months, consumption decreased by 3.2 per cent to 1.617Mt when compared with the yea... |
New Nepalese factory begins production02 April 2013, Published under Cement NewsAraniko Cement Industries has started production from its new plant in Jitpur, Bara, Narayani Zone of Nepal, as the cement industry gears up for further infrastructure and housing developments. “We have started production and distribution of Advance brand of cement from our new plant in Jitpur,” Bijaya Kumar Nidhi, general manager of Araniko Cement, told Republica press. “Our old plant at Abukhaireni will also produce Advance brand of cement in the near future.” “We are confident that ... |
Indian cement price hikes fail to hold in March02 April 2013, Published under Cement NewsCement price hikes initiated during February in the Indian market have failed to stick during March as demand remains subdued across the country. The Economic Times reports that a number of producers have been forced to reduced prices in several areas to meet year-end targets. As a result, the nationwide average was INR300/50kg bag – the same as in February. Prices in the central region corrected by INR5-10/bag after the February peak was followed by weak demand due to the festival of... |
Vietnam first-quarter production rises 2.1%01 April 2013, Published under Cement NewsVietnam is estimated to have produced 12.4Mt in the first quarter of 2013, representing a rise of 2.1 per cent YoY, the latest data from the General Statistics Office (GSO) shows. The government-run office has revised down its figures for January and February 2013 from an earlier estimate of 8.3Mt to 7.4Mt. During March alone, the country's output is likely to have fallen by two per cent YoY to 5Mt, the monthly GSO figures show. For this year, domestic sales are expected to rise by 5-... |
Pakistan cement producers deny cartel01 April 2013, Published under Cement NewsPakistan cement producers have denied the existence of a cement cartel, telling the Ministry of Industries that they are operating at the lowest rate of return. The Express Tribune reports that during a meeting with the ministry, the producers in question countered the claims by stating they have passed on the minimum impact of inflation to end-users over the past few years. They highlighted that cement prices, which were PKR320/bag in 2005, currently only stand at PKR425/bag despite inpu... |
Lafarge Malayan Cement mulls expansion01 April 2013, Published under Cement NewsLafarge Malayan Cement may expand capacity in a bid to maintain market share as local rivals increase capacity amid rising domestic demand. The company is the country's leading cement producer and currently occupies a 40 per cent share of the market. Its major rivals are YTL Cement and Cement Industries of Malaysia (CIMA) both of which have planned capacity expansions. New entrant Hume Industries, which has constructed a new 1.5Mta plant, has also stepped up competition on the local marke... |
ASEC signs training programme initiative with Minya University, Egypt01 April 2013, Published under Cement NewsASEC Minya and ASEC Ready Mix, two subsidiaries of ASEC Cement have signed a memorandum of understanding (MoU) with Minya University to help prepare students with the skills they need to seek meaningful employment in their fields. The Governor of Minya, D. Mostafa Eissa, Minya University President, Dr Mohammed Sherif and ASEC Cement Chairman and CEO Giorgio Bodo were in attendance at the signing ceremony. The MoU, the first of its kind in the governorate of Minya, aims to promote the... |
Vietnam market remains sluggish29 March 2013, Published under Cement NewsThe Vietnamese Ministry of Construction said that cement consumption was estimated at 3.7Mt in February, accounting for 7.4 per cent of this year’s plan. The cement market remained subdued though producers continued to offer 3-5 bags of cement for free on 100 bags of cement. The Ministry’s plan foresees a cement demand of around 56-57Mt, of which the domestic market is expected to absorb 48.5-49Mt. The remaining 7.5-8Mt. is earmarked for exports, which in February touched 0.52Mt. ... |
Moroccan cement market down 18% in 2M1329 March 2013, Published under Cement NewsCement demand in Morocco during the first two months of the year fell by 18 per cent as the recovery of the construction sector remains out of reach. Total cement consumption over the two months is 2.4Mt. Public works are feeling the pinch as is the new tax regime on the sale of undeveloped land. Capital gains on these sales have seen an increase in tax rate from 20 to 30 per cent on land held for more than five years. Meanwhile, cement prices remain stable at MAD1100. |