Cement News tagged under: international
Peru dispatches rise 16.8%17 September 2012, Published under Cement NewsShipments of cement in the Peruvian market totaled 6,098,738t from January to August 2012, 16.84 per cent more than the same period of 2011 (5,219,828t), the Association of Cement Producers (Asocem) has reported. During the period cement production was 6,235,813t, representing an increase of 14.62 per cent compared with the same period of 2011, when it was 5,356,112t. As of August exports totaled 91,834t of cement, reporting an increase of 177.73 per cent over the same period of 2011,... |
Indian producers signal possible price hike17 September 2012, Published under Cement NewsIndian cement producers have indicated that prices may have to be hiked to absorb increased freight charges as diesel prices are hiked. Speaking to the Hindu, JK Lakshmi Cement Whole-time Director Shailendra Chouksey said: “The increased freight is not only going to impact the distribution of finished goods but also on a total of 3Mt freight. I don’t think the industry is now in a position to absorb this.” Following the INR5.62 a litre hike in the price of diesel last evening, apex tr... |
Morgan Stanley sees China recovery from 4Q1217 September 2012, Published under Cement NewsMorgan Stanley (MS) believes that the China cement industry showed some early signs for recovery, noting that prices have stopped declining on rising property construction following accelerating land sales. In addition, land sale revenue can help governments on construction capital. Therefore, MS believes that cement demand has turned steady, and a recovery can be expected in 4Q12 - 2013. The Bank added that with the slump in earnings, the cement manufacturers reduced capital expenditu... |
UK construction activity contracts 10.1% in 2Q1217 September 2012, Published under Cement NewsUK construction sector activity was down 10.1 per cent in the year to July, official figures from the Office for National Statistics (ONS) said. The three months between May-July also saw a drop in output of 10 per cent YoY, the ONS data showed. But the ONS said that it was important to bear in mind that May's activity was higher than usual because a bank holiday was moved to June. In June there were two extra days' holiday for the Queen's Diamond Jubilee leaving output unusually dep... |
Global market outlook17 September 2012, Published under Cement NewsAnalysts at Jefferies International have recently provided an update on their expectations for global cement markets. While prospects for the US are improving, emerging markets are beginning to face uncertainties and the outlook for Europe is weaker than it previously anticipated. US markets have performed stronger than expected in 2012, having risen 15 per cent in the first half to 37Mt. While growth slowed in June and the rate is expected to ease to around three per cent for the remaind... |
Katavsky Cement sets new production record, Russia14 September 2012, Published under Cement NewsKatavsky Cement, part of Russian market leader Eurocement Group, produced 146,008t of cement in August 2012, surpassing last year’s record of 138,005t. According to these figures, the company’s plan was exceeded by 12.3 per cent. For the eight months to August 2012, the plant manufactured 782,595t, 3.9 per cent above the company’s projected target. This is also a 19.2 per cent increase over last year’s output when it produced 125,970t in 2011. During the Jan-August 2012 period, Kavatsky C... |
Siam Cement sees 10% rise in domestic demand, Thailand14 September 2012, Published under Cement NewsSiam Cement Group (SCG) expects domestic cement consumption to be double than its earlier forecasts for 2012 as demand is on the path of recovery. Kan Trakulhoon, the president and chief executive, said capacity utilisation at SCG, the country's largest cement maker, this year will be on a par with last year at 18Mt or 78 per cent of its overall production level. He said the company aims to achieve maximum cement production capacity of 23Mt within the next three years thanks to recover... |
Ship faces detention in Ireland over claims of unpaid wages14 September 2012, Published under Cement NewsA ship carrying cement was facing detention in Drogheda on the east coast of Ireland last night due to an almost €80,000 in alleged unpaid crew wages, according to reports in the Irish Times. The MV Julia’s nine -man crew from Ukraine, Russia and Lithuania had not been paid since May, International Transport Workers Federation co-ordinator for Ireland and Britain Ken Fleming said. The men were owed US$102,700 (€79,110) in unpaid wages, he added. The vessel is owned by Dutch- based compan... |
Brazilian monthly sales up 7.3 per cent YoY13 September 2012, Published under Cement NewsCement consumption in the Brazilian market totaled 6.3Mt in August, representing a rise of 7.3 per cent YoY, data from Sindicato Nacional da Indústria de Cimento (SNIC) shows. August 2012 sales were up 4.2 per cent on a month-on-month basis from July 2012. Total domestic shipments for the first eight months of 2012 reached 45.17Mt, representing a YoY increase of 8.5 per cent, the association data showed. |
Qassim Cement to add new line, Saudi Arabia13 September 2012, Published under Cement NewsThe management board of Saudi cement producer Qassim Cement Co (QCC) approved at a meeting on Monday the installation of a new production line with a daily production capacity of 5500t. The company said the move is in line with its efforts to meet growing demand. (Source: SeeNews Middle East & Africa). |