Cement News tagged under: international
Shriram aims to raise Jayajothi Cements’ utilisation10 July 2012, Published under Cement NewsIndian engineering company Shriram EPC, which earlier this year acquired a majority stake in Sree Jayajothi Cements, plans to raise the cement plant’s capacity utilisation to 100 per cent. In March this year, Shriram EPC was forced to buy the 70 per cent stake in its debtor Sree Jayajothi Cements which couldn't pay back its dues. Shriram's debt was converted to equity. Jayajothi Cements currently has a 3.2Mta integrated works situated in Kurnool district in Andhra Pradesh, southeast Indi... |
Sepahan Cement workers strike, Iran10 July 2012, Published under Cement NewsA total of 700 workers from Sepahan Cement Company have entered their third day of strike action in protest against unfavourable legal and working conditions, according to local press reports. According to the Iranian Labour News Agency (ILNA), the protestors have written to the Ministry of Cooperatives, Labour and Social welfare along with MPs regarding their concerns but to no effect. This has led to strike action on factory grounds. The workers have hired a lawyer to pursue their... |
Vietnam exports seen rising10 July 2012, Published under Cement NewsExports of cement and clinker are forecast to increase by 27 per cent this year compared to 2011, according to forecasts by the Vietnam Cement Association (VNCA). As as the country attempts to reduce excess supplies, the VNCA expects clinker exports this year to reach 6.2Mt and cement exports to be around the 1.5Mt mark, bringing overall volumes to 7.7Mt. Last year, total exports reached 6.04Mt, comprising 5.76Mt of clinker and 0.28Mt of cement. For the first six months of 2012, around... |
Pakistan cuts Indian cement export prices10 July 2012, Published under Cement NewsPakistan cement producers have cut export prices for India by 13 per cent due to currency movements. The Business Recorder of Pakistan reports that due to the depreciation of the Pakistan rupee, cement producers have reduced export prices by US$/9/t. As such, cement is now being exported to India at an average price of US$60/t compared to US$69/t previously. Market sources said this will help capture the Indian export market which holds much potential despite challenges such as transpo... |
Oskolcement increases 1H shipments by 6.1%10 July 2012, Published under Cement NewsRussia-based producer Oskolcement has reported shipments of 1.5Mt for the first six months of 2012, representing a YoY increase of 6.1 per cent. In terms of distribution, thanks to a fleet of new trucks purchased by parent company Eurocement, deliveries by road increased by 17.1 per cent YoY. |
Indonesian president set to inaugurate new Gresik plant09 July 2012, Published under Cement NewsIndonesia President Susilo Bambang Yudhoyono is scheduled to inaugurate? PT Semen Tonasa's V cement plant in South Sulawesi, on August 31, 2012. President Director of PT Semen Tonasa Sattar Bata told local media that the construction of the 2.5Mta has entered its final stages. "All the physical work had been completed in June, while the finishing touches and inaugural preparations will be made next month," he said.? Investment in the plant is said to have reached IDR6.5trn. "The... |
Lafarge Republic sees increased market growth, Philippines09 July 2012, Published under Cement NewsHaving witnessed flat YoY sales in 2011, Lafarge Republic (formerly Republic Cement Corp) has said it expects market growth to accelerate on the back of increased government spending on infrastructure. During the company’s annual stakeholders meeting, company president Renato C Sunico, said that almost flat nationwide cement consumption of 15.6Mt last year was due to reduced government infrastructure spending in the first three quarters of 2011. Cement prices also softened during the year... |
Citigroup lowers Italcementi price target, Italy09 July 2012, Published under Cement NewsCitigroup has lowered its price target on Italcementi to EUR3.60 from EUR4.10, after cutting by 15% the pre-tax profit estimates for the Italian cement producer in 2012 and 2013. The prices and figures in Italy grew despite the weak market conditions but the dipping sales in France lead the bank to expect lower figures in 2012 than in 2011, Citigroup commented. The higher prices in North America are expected to raise Italcementi's profit on the market both in the first half and full-201... |
Hanson Cement inquiry cost nearly GBP500,000, UK09 July 2012, Published under Cement NewsAn inquiry into health concerns at Hanson Cement’s Padeswood plant in Wales cost almost GPB500,000 (EUR630,000). Concerns by residents living near the cement works prompted a study by the Welsh government which lasted for two years. No links between the factory and levels of cancer and other illnesses were found, the report concluded last year. The Hanson Cement Investigation Response Team said the total cost of the investigation had been estimated at more than GBP480,000. It involved ... |
Siam Cement Group’s ASEAN focus09 July 2012, Published under Cement NewsSiam Cement Group (SCG) has said it would spend more than half of its THB200bn investment budget for 2012-16 in the ASEAN region. Speaking to the Bangkok Post, SCG president and CEO Kan Trakulhoon said: “A market with 601 million people and a need for infrastructure development is promising.’ The move reflects the shift of major investment to Asean after as much as 70-80 per cent of SCG's investment spending focused on Thailand from 2006-10. SCG is in talks in the region for petrochemi... |