Cement News tagged under: international
UBS: China cement sector to outperform next six months26 September 2012, Published under Cement NewsUBS believes China cement demand has bottomed and cement inventories are falling. Moreover, cement prices have picked up with the national average price rising for the past four weeks after declining for 21 weeks. "We believe there will be more upside in 4Q12 based on an overlap of seasonal strengthen and a recovery in infrastructure spending," says to research house in a report by Dow Jones Global Equities News. Aggressive new capacity additions in the past five years have put pressure o... |
Indian cement prices slip due to delayed monsoons26 September 2012, Published under Cement NewsLow cement demand in India has put a downward pressure on cement prices across the country, correcting them by around INR7-10 (US$0.13-/0.19)/bag since Monday. Construction activities have not picked up yet due to delayed monsoons but the industry is hopeful of Maa Durga’s blessings as it expects the festival will lead to an improved sentiment amongst consumers and hence, better sales. An official from Ambuja Cement said, “During monsoon prices get corrected but as demand starts picking u... |
Fourth terminal for Cochin Port, India25 September 2012, Published under Cement NewsIndia’s Cochin Port Trust (CPT) plans to set up a fourth cement terminal in Willingdon Island. The new terminal, with a capacity of 100,000t, will be built in response to demand from major cement companies and will be located on 3.19ha of leased land at the north side of Mattanchery wharf. “The interest shown by companies to set up and operate terminals indicates a positive change in attitude towards investment in the port sector, especially in Kochi. It may be noted that there has not... |
Brazilian investors eye Mozambican limestone25 September 2012, Published under Cement NewsBrazilian investors have expressed and interesting exploring large limestone deposits in at least four districts of Mozambique’s Nampula province, said the provincial inspector and spokesman for the Mining Resources and energy Directorate, Fila Lazaro. He added that they planned to use limestone to produce clinker and to correct acid soil. Teams of mining consultants hired by the Brazilian investors, recently visited the coastal districts of Nampula, Memba, Mossuril, and Nacala, and the i... |
Ohorongo sounds alarm over cement imports24 September 2012, Published under Cement NewsIf infant industry protection cement imports are not left in place, an investment of more than NAD2bn (US$241m) in the Namibian economy and hundreds of jobs created in the process could be at risk, according to Hans-Wilhelm Schuette, Ohorongo Cement’s managing director. The statement comes in response to the latest stage of a case before the Windhoek High Court in which Chinese-owned Jack’s Trading CC wants to have the cement import duty declared invalid. Ohorongo Cement has filed an appl... |
Lafarge wins rail freight ‘Oscar’ for Northfleet reconnection project24 September 2012, Published under Cement NewsLafarge is celebrating after picking up the highest accolade at the Rail Freight Group’s Awards for its Northfleet rail reconnection project in northwest Kent. At a prestigious event, led by Rail Freight Group (RFG) chairman Lord Tony Berkeley, Lafarge was chosen ahead of DB Schenker Rail, and Network Rail & Funding Partners, in the Rail Freight Project of the Year category. Lafarge’s Northfleet rail project involved the reconnection of its former cement works on the south... |
Vietnam cement sales drop 3.38% Jan-August 201221 September 2012, Published under Cement NewsCement sales in Vietnam for the first eight months of 2012 fell 3.38 per cent to 30.58Mt, against the same period of last year and fulfilling 55.6 per cent of the full-year target, the country’s Ministry of Construction said. On a MoM basis, cement sales were down 12.14 per cent from July 2012 to 3.62Mt in August. Cement consumption is forecast to reach between 55-56.5Mt this year, rising 11-12 per cent YoY, the ministry said. Cement output also fell 1.47 per cent in the eight month... |
Pakistan exports see 20.4% YoY rise21 September 2012, Published under Cement NewsPakistan cement exports during the first two months of the current financial year posted growth of 20.38 per cent compared to the same period of last year. According to data of Pakistan Bureau of Statistics (PBS), 1,154,554t of cement worth US$91.356m was exported during the July to August 2012 period against 1,457,677t worth US$ 75.891m in same period of last year. Cement export from the country recorded 11.8 percent during the month of August compared to exports in the previous mont... |
Indonesian cement production forecast to reach 65Mta next year20 September 2012, Published under Cement NewsIndonesian cement production is forecast to hit 65Mta in 2013, up seven per cent on this year’s target of 60.56Mt thanks to volume additions by domestic and new market entrants. The Jakarta Post cited Panggah Susanto, the Industry Ministry’s director general, as saying that the country’s cement makers will also increase production capacities and optimise their manufacturing plants. Panggah said that the presence of several new cement makers, which have already gained approval from the In... |
Tanga Cement set to begin new line construction, Tanzania20 September 2012, Published under Cement NewsTanga Cement Company Ltd (TCC) is expected to start construction of the second kiln in the third quarter of this year. The second kiln will enable the cement factory to produce enough clinker to supply all of its own requirements and dispense with imports, the company said in unaudited results for the six months to 30 June 2012 being released to East African Business Week last week in Dar es Salaam "The East African market is experiencing rapid economic development as a result of infras... |