Cement News tagged under: international
Holcim and Heidelberg to operate Cement Australia as a joint venture14 March 2013, Published under Cement NewsHolcim Ltd said Thursday it plans to sell a 25 per cent stake in Cement Australia to HeidelbergCement and operate the company as an equally-controlled joint venture between the two cement majors. Holcim and HeidelbergCement should be equally represented on the board and the chairmanship should rotate, the Swiss firm noted, adding that the contract on the transaction is still to be signed. Holcim currently owns 75 per cent of Cement Australia and Hanson Cement the other 25 per cent. “Th... |
Lafarge Zambia: sufficient stocks to cater for demand14 March 2013, Published under Cement NewsWith Zambia readying itself to co-host the United Nations World Tourism Organisation (UNWTO) General Assembly later this year, the official distributor of Lafarge Zambia’s products has said the cement producer has adequate stocks to meet demand. The city of Livingstone is currently undertaking a number of projects such as construction of the town centre market, international bus terminus, new stadium, ablution blocks and upgrading of roads among others. The UNWTO is scheduled for 24-29 Augu... |
Taiwan Cement operating at full rate, China14 March 2013, Published under Cement NewsTaiwan Cement Corp (TCC) is operating at full utilisation rates in China due to increased demand, the company has said. TCC said that workers have returned to construction sites across the country following the Lunar Year holiday and projects are expected to gather speed, stated reports in the Liberty Times. A recent product price recovery also shows a tighter supply of cement in China, TCC said, adding that the price rebound is expected to continue. Currently, the company operates in... |
Indocement nears completion of feasibility study for two plants14 March 2013, Published under Cement NewsPT Indocement Tunggal Prakarsa, Indonesia’s second-largest cement producer, has said it is in the final stages of a feasibility study to build two new plants. Company president, Daniel Lavelle, told ANTARA news agency that the two factories would have cement capacities of 2.5Mta each, one of which would be located in Central Java and the other outside. Mr Lavelle said that the expansion projects would also serve to maintain the company’s competitiveness in the market. Moreover, it to fu... |
Brazil February cement sales edge ahead13 March 2013, Published under Cement NewsCement sales in the Brazilian cement market in February 2013 reached 5.1Mt, up 2.2 per cent on the same month of last year, according to data released by Sindicato Nacional da Indústria do Cimento. For the first two months of 2013, sales were 10.6Mt an increase of 1.8 per cent YoY. In 2012, domestic sales reached 68.3Mta, an increase of 6.9 per cent over 2011 (63.9Mt). |
COMPAT hearing set to resume, India13 March 2013, Published under Cement NewsThe Competition Appellate Tribunal (COMPAT) hearing is to resume today over petitions filed by cement companies over the INR63.07bn (US$1.1bn) penalty imposed by the Competition Commission of India (CC) on grounds of price collusion. The Press Trust of India reported that a COMPAT bench headed by it Chairman, Justice V S Sirpurkar would start its hearing on March 13 adjourned on 4 March. CCI had found "cement manufacturers in violation of the provisions of the Competition Act 2002 which... |
Lafarge executive visits Pakistan operations13 March 2013, Published under Cement NewsLafarge's executive vice president of Energy and Strategic Sourcing, Peter James Hoddinott, has visited the group's operations in Pakistan to review its latest sustainability achievements and explore export potential. During the visit, which took place over 6-8 March 2013, Mr Hoddinott toured the Lafarge Pakistan Cement (LPC) plant which is located at Kalar Kahar, district of Chakwal, Punjab province. He commended Lafarge’s local team on upholding the group’s guiding principle of sustainab... |
HeidelbergCement expands capacity in Ghana12 March 2013, Published under Cement NewsHeidelbergCement is constructing a new cement mill with an annual capacity of 0.8Mta at its grinding plant in the port city of Takoradi. The investment of US$30m also includes the construction of a new clinker and a new cement silo as well as the installation of new cement bag packing and dispatch facilities. In November 2012, HeidelbergCement inaugurated a new 1Mta cement mill at its grinding plant in Tema some 25km east of the capital city of Accra. “The construction of the new cemen... |
Credit Suisse expects improved Indian pricing environment12 March 2013, Published under Cement NewsThe Indian cement sector could see an uptick in cement prices in the first quarter of fiscal 2014 with the biggest improvements expected to be in the north, a report on the sector by Credit Suisse has said. "Cement prices may increase in seasonally strong quarters. Demand pick-up in seasonally strong quarters of March and June should drive accretive price increases for the sector," Credit Suisse said in its research report. In terms of price improvements by region, the investment bank ... |
Titan Cement denies headquarter move12 March 2013, Published under Cement NewsTitan Cement has denied reports in the press that it is moving its headquarters from Greece. In response to reports on online and printed media the country's second-largest cement producer said in statement released yesterday that: "it is not within its intentions to move its headquarters from Greece.” Last week, Titan reported that demand for building materials in its troubled domestic market declined by about 35 per cent YoY in 2012. “The severe recession of the Greek economy has direct... |