Cement News tagged under: international
Vietnam cement stocks rise to 4Mt in Jan-Oct19 November 2012, Published under Cement NewsVietnam’s cement inventory rose by 51.3% YoY to 4Mt in the first 10 months of 2012, including 1.4Mt of Vietnam Cement Industry Corporation (Vicem), according to the country’s Ministry of Industry and Trade. The economic slowdown and the government’s policies to cut public investment were the main reasons for the huge inventory, said Tran Van Huynh, chairman of the Vietnam Building Material Association, part of the Ministry of Construction. In addition, the stagnant real estate market has ... |
Egyptian Steel ventures into cement19 November 2012, Published under Cement NewsThe Qatari-Egyptian steel producer Egyptian Steel will be investing around US$250m in a new cement works. The venture will seek to acquire a cement licence out of the seven the Egyptian government is planning to offer. If successful, it is expected that the works will have an annual capacity of 1.5-1.8Mta, said Abu Hashima, Egyptian Steel chairman. |
Bangladesh: Premier Cement Mills completes expansion programme16 November 2012, Published under Cement NewsLeading cement manufacturer and exporter in Bangladesh, Premier Cement Mills Limited (PCML), has announced the completion of it expansion programme, raising the consolidated installed capacity of PCML to 2.4Mta from 1.2Mta at West Mukterpur, Munshigonj in central Bangladesh. MD Shafiqul Islam Talukder, Chief Finance Officer & Company Secretary of PCML, told CemNet that the expansion project for the third and fourth units were being completed at an estimated cost of over BDT1.11bn (USD13.5... |
Thailand: SCCC reports net profit dip of 8.8% on weak prices16 November 2012, Published under Cement NewsSiam City Cement Plc reported a drop in net profit for the third quarter and the first nine months due to weak prices even though sales have surged. Third-quarter net profit fell 8.8% YoY to THB792m (US$25.7m), while revenue grew 7.7% to THB6.59bn. For the nine-month period, net profit fell 5.3% from a year earlier to THB2.88bn as revenue increased 10.8% to THB20bn, according to SCCC's filing to the Stock Exchange of Thailand. ''Strong cement consumption driven by infrastructure project... |
India: Kozhikode construction sector comes to a standstill16 November 2012, Published under Cement NewsIndia's construction sector in the Kozhikode district has come to a grinding halt with the availability of all key building materials, including cement, severely hit by indefinite strikes called by various trade and construction industry associations. Cement, crushed stone and laterite bricks have become hard to obtain due to the indefinite strike called by cement wholesalers and granite and laterite quarry owners from Thursday onwards. Cement scarcities have risen since stockists stoppe... |
Thailand: cement consumption rises by 12% in 201215 November 2012, Published under Cement NewsCement consumption this year is on track to surpass the target of 8-10% thanks to continued government investment in mass transit projects, says the Thai Cement Manufacturers Association (TCMA). The grouping of all eight local cement producers now expects consumption will grow by 12% over last year's 25.5Mt. The TCMA website pointed out that 12% growth would be triple last year's rate. "Strong growth is expected this year due to continuous large infrastructure construction, particularly... |
Cohrs Elected Chairman of Portland Cement Association15 November 2012, Published under Cement NewsThe Portland Cement Association (PCA) Board of Directors elected Cary O. Cohrs as chairman during the association’s fall board meeting in Washington, D.C. Cohrs succeeds Aris Papadopoulos of Titan America. John Stull, president and CEO of Lafarge North America Inc., was elected vice chairman. “It is not only a pleasure but a great honor to serve as Chairman of the Board,” Cohrs said. “We may be just beginning to emerge from the recession, but the prospects for cement and concrete ar... |
FLSmidth divisions to be renamed15 November 2012, Published under Cement NewsEffective from 1 December 2012, the Non-Ferrous and Bulk Materials will be renamed to reflect the underlying technology focus in each of the two FLSmidth divisions. Non-Ferrous will be renamed “Mineral Processing” and Bulk Materials will be renamed “Material Handling”. The Non-Ferrous Division has, in the past, been focussing on mineral processing technologies primarily to non-ferrous minerals, but as it now also includes Ludowici mineral processing products for bulk materials such as coa... |
Trinidad: CCJ dismisses TCL claim15 November 2012, Published under Cement NewsThe Caribbean Court of Justice (CCJ) has dismissed a claim by Trinidad Cement Limited (TCL) against the Caricom Competition Commission accusing them of acting wrongly and giving them 21 days to pay court costs. TCL claimed that the Commission acted wrongly in two main regards: specifically, they said the Commission had not requested its approval to conduct an investigation into TCL's business activities and that the Commission had failed to respect the rights of TCL as an 'interested party'... |
UK: construction output at lowest level for more than 10 years12 November 2012, Published under Cement NewsThe latest construction output figures from ONS published on Friday show that output in 3Q has fallen for the fifth consecutive quarter, with falls being experienced across almost every sector of the industry. Output is now at its lowest level since the second quarter of 1999. Overall, construction output in the third quarter of 2012 was 2.6 per cent lower than in the preceding quarter and 11.3 per cent lower than it was one year ago. Commenting on these latest figures, Noble Francis, E... |