Cement News tagged under: international
Egypt’s Ministry holds talks with cement industry over price concerns12 March 2013, Published under Cement NewsEgypt’s Ministry of Industry and Foreign Trade has said it will take measures to curb rises in cement prices following meetings held with cement companies, according to local press reports. Hatem Saleh, Minister of Industry and Foreign Trade, has met with representatives from cement manufacturers in Egypt to discuss the reasons behind the recent hikes and to help control the increases, AllAfrica press reported. Last week, the ministry said it is considering imposing a levy on cement export... |
Vizag Cement inaugurates slag grinding plant, India12 March 2013, Published under Cement NewsThe Vizag Cement Works has officially inaugurated its slag grinding unit at the Visakhapatnam Special Economic Zone, a major industrial centre in the state of Andhra Pradesh, India . Vizag Cement was wholly-acquired by ACC Ltd from Encore Cements & Additives Pvt Ltd in January 2010. The acquisition had helped ACC build its presence in Andhra Pradesh and in the coastal parts of Odisha. The plant manufactures two main products, Portland Slag Cement and Coastal+ Cement, an environmental-fr... |
Unicem to invest US$500m in new line, Nigeria11 March 2013, Published under Cement NewsUnited Cement Company (UNICEM) has said it plans to spend US$500m on a second line at it cement works in Nigeria and will boost investments going forward amid an increasingly competitive operating environment. Speaking in an interview with local press, executive director, Javier De Benito, said the project for line No 2 at its 2.5Mta Mfamosing works, is still ongoing and the company is currently working on administrative issues. However, he underlined that management are very keen for thi... |
Credit Suisse sees Indian cement sector expanding11 March 2013, Published under Cement NewsCredit Suisse says margins in India's cement sector should expand over the next two years on the back of price increases and improvement in demand, among other factors. Reuters reported that the investment bank assigns new ratings to Indian cement companies after a change in analysts. Credit Suisse rates ACC Ltd "outperform" with target price of INR1545 while assigning "neutral" rating to UltraTech Cement Ltd and Ambuja Cements with target prices of INR1900 and INR05 respectively. T... |
Andhra Pradesh prices rise on new capacity additions, India08 March 2013, Published under Cement NewsCement prices in the Indian state of Andhra Pradesh have come down by about INR10-15/bag following the introduction of new capacity additions. The Business Standard of India reports that the drop in prices in southeastern state come at a time when other markets are witnessing an increase. Although consumption has been increasing in Andhra Pradesh over the last two/three months, these improvements to cement producers have been offset by increased supplies. |
Volskcement to increase investment spend, Russia08 March 2013, Published under Cement NewsVolskcement, part of the Holcim Group, plans to increase investment in 2013 to RUB1.59bn (EUR39.74m), Russian press reported. The plant, which is situated in the Saratov Region allocated RUR829m for development, up 15 per cent from 2011. The Russian cement industry has been flourishing over the last few years, leading to a number of projects including upgrading from wet-process technology to modern dry-process techniques as well as expansion and modernisation projects. While future growth i... |
European cement sector: a strategic contributor to Europe's future – report07 March 2013, Published under Cement NewsA study published by the Boston Consulting Group (BCG), commissioned by CEMBUREAU, outlines the competitiveness of the cement industry in Europe and its role in helping the region achieve its goals of developing a sustainable, resource efficient and innovative society. In a statement released yesterday, the European cement association said the report shows that the cement and concrete industry in Europe contributes to the economy with a total production value of €74bn, a value added of €... |
Egypt considers levy on cement exports07 March 2013, Published under Cement NewsEgypt’s Ministry of Industry and Foreign Trade Eng Hatem Saleh has said that the ministry is considering imposing a levy on cement exports as a result of increases in cement prices on the local market. In a statement released last Thursday by Egypt’s State Information Service, the Minister said that cement prices in the local market have increased from EGP420/t to EGP700/t, while there is a significant deficit in cement supply in the market which is also leading to increased prices. T... |
Vicat launches Bharathi brand in south Maharashtra market, India07 March 2013, Published under Cement NewsThe Vicat Group has launched its Bharathi cement brand in the south Maharashtra market, which is being supplied from its new plant at Gulbarga, Karnataka. The plant, which has a nominal capacity of 2.8Mta of cement was launched towards the the end of last year, and is a joint venture between Vicat of France and Sagar Cements of India. The main target markets for the Vicat-Sagar plant are various districts in the south such as Kolhapur, Raigarh, Ratnagiri, Sangli, Sindhudurgh, Satara and ... |
HeidelbergCement builds grinding facility in Burkina Faso06 March 2013, Published under Cement NewsHeidelbergCement is constructing a new US$50m grinding plant in the west African country of Burkina Faso with local partners, the cement major said in a statement today. The new facility, which will have a capacity of 650,000tpa, is to be built near the capital city of Ouagadougou. “The construction of the new cement grinding plant is part of our strategy of expanding our clinker and cement capacities in growth markets. These include, in particular, the countries of sub-Saharan Africa”, s... |