Cement News tagged under: international
Holcim could face 20% fine, Brazil25 July 2012, Published under Cement NewsHolcim may be issued with a fine this year for price fixing practices in Brazil, a third less than the maximum that was expected, BusinessWeek reports. Brazil’s antitrust regulator Cade is expected to issue a penalty of 20 per cent of Holcim Brasil’s 2005 revenue, according to a source familiar with the matter. Holcim may receive a fine of as much as 30 percent of Brazil revenue in that year, Roland Walker, a company spokesman, said in an e-mail, declining to give the sales figure. C... |
Malaysian price hike on the cards24 July 2012, Published under Cement NewsSpeculation is rising that cement prices in Malaysia will rise, however, industry sources are unsure whether will actually transpire. Ching Liong Building Materials Distributors Association of Malaysia president New said, to date, there are no indications to signal a rise in cement prices compared to a few weeks ago when one factory raised its prices. "The situation has, however, stabilised with a lot of the mills running at full capacity, of which demand is there and the market environm... |
Siam City revises 2012 demand forecast upwards24 July 2012, Published under Cement NewsSiam City Cement, part of the Holcim group, has revised upwards its 2012 cement consumption outlook to six per cent due to good economic growth and the expected launch of government flood-prevention projects in the second half. Earlier the company had anticipated growth of five per cent. Chief executive Philippe Arto told the Bangkok Post that the market expanded by 6-8 per cent in the first half of 2012 driven by private sector demand. "The market recovery is starting, although proper... |
Gresik market share slips, Indonesia23 July 2012, Published under Cement NewsPT Semen Gresik has lost market share in the first half of this year due to production growth being slower than increases in Indonesian consumption. In the first half of the year, state-owned Gresik sold 10.3Mt of cement, up 12 per cent YoY, and accounting for 39.7 per cent of Indonesia’s total cement sales. However, in the first half of last year, Gresik had a 40.7 per cent market share with sales of 9.2Mt. Total domestic cement consumption, meanwhile, increased 15 per cent to 25.8Mt, a... |
Higher sales and prices boost UltraTech first quarter23 July 2012, Published under Cement NewsIndia’s leading cement producer UltraTech Cement has reported a 14 per cent rise in net profit for the first quarter of the current fiscal (1QFY13) thanks to higher sales and increased prices The company reported on Friday that net profit rose to IN7.78bn (US$141m) from INR6.83bn in the same corresponding period of the previous year. Sales increased 17 per cent to INR50.75bn compared to INR43.52bn in 1QFY12. Input costs rose by 10% YoY mainly due to an increase in rail freight and a ri... |
Sancim Cement to build new plant in Adana, Turkey23 July 2012, Published under Cement NewsSancim Cement is to build a new cement plant in Adana, southern Turkey, according to daily Milliyet. The plant will be able to produce 1.7Mta of clinker and 2Mta cement and the investment period is expected to be around 20-22 months. |
Vietnam cement prices drop on weak demand23 July 2012, Published under Cement NewsThe price of cement in Vietnam has dropped to VND100,000/t (US$4.8) in the first half of 2012 due to low demand and high stockpiles, according to the Vietnam Cement Association. For the six months to June 2012, cement production and consumption fell 10 per cent YoY to 24.3Mt and 23.6Mt, respectively. Local producers have exported 3Mt of clinker and 700,000t of cement in the first half of the year. (Source: Vietnam News Agency Bulletin) |
Concerns over Nepal cement factory closure, Nepal23 July 2012, Published under Cement NewsThe Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has expressed concern over the closure of Arghakhanchi Cement’s mine situated at Narpani, Arghakhanchi district, condemning the violence on the mine staff. According to reports in the Himalayan Times, due to the vested interests of some people, the company has been unable to operate the mine and is bearing huge losses. The mine has been forced to close down for the past eight months. Due to the closure, the company... |
India first quarter market expectations20 July 2012, Published under Cement NewsIndian cement companies are expected to post higher net profits and sales in the first quarter of the current fiscal (April-June FY13) thanks to improved prices and higher demand. However, gains in profits for most cement companies will be impacted by rising costs owing to higher railway-freight charges. Besides, rupee depreciation will increase the cost of imported coal, a key raw material and fuel for the industry, according to brokerage Kotak Securities. Market expectations for... |
Dominican Republic cement prices rise20 July 2012, Published under Cement NewsThe president of the Dominican Republic’s housing builders and developers grouped in Acoprovi expressed surprise at the rising price for a bag of cement charged by some producers, Dominican Today reports. Fermin Acosta’s reaction comes just days after the price of a bag of cement increased by 30 pesos. "We weren’t expecting an increase, on the contrary, considering that there’s been lower prices for a barrel of oil in international markets for several weeks, leaves us with no reasonable cau... |