Cement News tagged under: international
Mongla Cement plans third grinding mill, Bangladesh26 June 2012, Published under Cement NewsMongla Cement is inviting Expressions of Interest (EOI) to establish a third cement grinding mill. The new mill will have a capacity of 120tph and will be set up at Mongla's cement factory in southern Bangladesh. Mongla Cement is owned by Sena Kalyan Sangstha (a self-financing welfare organisation dedicated to the welfare of ex-armed forces). The group is currently inviting local and foreign firms to provide complete consultancy services for the planning, design, procurement, selecting... |
Argentina: May shipments decline 11.8% YoY26 June 2012, Published under Cement NewsIn May 2012, total Argentine Portland cement shipments (including exports) were 889,209t representing a YoY decline of 11.8 per cent, data from Asociacion de Fabricantes de Cemento (AFCP) showed. However, the May figures were up on a monthly basis by 11.4 per cent compared to April 2012. Domestic cement shipments (including imports) reached 871,478t during May 2012. |
Argentinian Court of Appeal rejects cartelisation appeal25 June 2012, Published under Cement NewsArgentina’s Court of Appeal has rejected the appeal made by Loma Negra, Juan Minetti, Cementos Avellaneda, Petroquímica Comodoro Rivadavia and Cemento San Martín, upholding the previous price-fixing ruling and the multi-million peso fines attached. The companies were awarded fines of ARS300m (US$66.5m) as penalty for anti-competitive practices between 1981-99. Loma Negra will be expected to pay ARS138.7m, Juan Minetti ARS100.1m, Cementos Avellaneda ARS34.6m, Cementos San Martín ARS28.5m... |
Qatrana Cement workers strike on pay dispute25 June 2012, Published under Cement NewsQatrana Cement Company, a subsidiary of Arabian Cement Co (ARRCO) was forced to halt cement production as employees at the factory held a strike over a pay dispute and closed an access road leading to the works. According to reports in Construction Week, industrial action lasted for eight day after the ministry of labour interceded to negotiate between workers and factory management. Workers had erected a Bedouin tent across the main gates of the cement plant and demanded an end to ‘lo... |
China output growth rate slows25 June 2012, Published under Cement NewsIn the first five months of 2012, China’s cement production increased five per cent to 793.98Mt, the National Development and Research Commission (NDRC) said. However, the growth rate represents a sharp decrease of 14.3 percentage points from the same period last year. In May, cement output increased 4.3 per cent YoY, down from 19.2 per cent recorded last year. Between Jan-April, the building material sector saw profits drop seven per cent from a year earlier to CNY81.3bn (US$12.9bn... |
BNP Paribas maintains 'deteriorating' outlook on Indian cement sector25 June 2012, Published under Cement NewsBNP Paribas has maintained its ‘deteriorating’ outlook on the Indian cement sector given its weak macroeconomic outlook, high interest rates, continuing oversupply situation, cost inflation and ongoing regulatory overhang. The Economic Times of India reported that cement stocks have been witnessing pressures since the Competition Commission of India (CCI) imposed a penalty of US$1.1bn on 11 cement companies last week. The fines is 50 per cent of the companies’ net profit for FY10 and FY... |
UltraTech Cement receives environmental approval for expansion25 June 2012, Published under Cement NewsUltraTech Cement has received environmental clearance for its expansion plans for two of its plants in Madhya Pradesh. The Environment Ministry has given clearance for UltraTech to its clinker plant from 3.59Mt to 6.2Mta and its cement plant from 4Mta to 10.33Mta. The company also plans to expand its captive power plant from 46MW to 122MW. The plants are located in Damodarpura and Khor villages in Neemuch district of Madhya Pradesh. |
Dangote Cement to improve distribution network, Nigeria25 June 2012, Published under Cement NewsThe management of Dangote Cement said it was reviewing its distribution network to ensure availability of the product by creating wider access for its customers. The company said that this would not only ensure price stability but also guarantee availability of product at the most reasonable price. Devakumar Edwin, Group Managing Director of Dangote Cement, said that at the height of skyrocketing cement prices, the company had acquired 5000 trucks to boost its logistics and pave the way f... |
European construction outlook revised25 June 2012, Published under Cement NewsThe increasing perception that Greece will default and exit the eurozone together with rising fears of contagion has led Euroconstruct, a group of research institutes and consulting firms, to significantly downgrade its European construction forecasts for this year and next. At a meeting held last week, the group said Europe's construction forecasts for this year and next have been downgraded from -0.3% to -2.1% in 2012 and from +1.8% to +0.4% in 2013. Looking further ahead, it highlights... |
Holcim to contest Indian price fixing fine22 June 2012, Published under Cement NewsHolcim has said will defend the position of its two Indian units on the penalties imposed by the Competition Commission of India (CCI) for price fixing. Yesterday, the CCI announced that it would fine 11 Indian producers a total of US$1.1bn, stating that they had created an artificial cement shortage “so as to reduce supplies and raise prices in times of higher demand," it said in its judgment. The ruling applies to Holcim group companies ACC and Ambuja Cements (ACL), which have been fi... |