Cement News tagged under: international
Lebanon demand falls, brighter times anticipated22 June 2012, Published under Cement NewsDespite a slowdown in current market activity, a bright future lies ahead for Lebanon’s cement industry, according to the chief of one the country's leading producers. Speaking, to The Daily Star, Pierre Doumet, CEO of Cimenterie National, admitted that domestic consumption has been falling as well as demand from export markets due to regional instability and eurozone economic concerns. “We expect the demand on the local market to recede by at least 15 per cent,” he said, noting that e... |
Asia Cement to build plant in Northern China22 June 2012, Published under Cement NewsAsia Cement has announced plans to build a new plant 10Mta plant in Handan, Hebei province, marking the Taiwan-based producer’s first foray into the North China Market. Taiwan Economic News reported Asia Cement vice chairman, TS Chang , as saying that the new plant will have a capacity of 10Mta, comprising two kiln lines, and will be operational by 2015. The project is expected to cost TWD20bn (US$670m). Currently, Asia Cement’s investments in China are concentrated in the central and ... |
Taiwan Cement: cautiously optimistic on second-half prospects22 June 2012, Published under Cement NewsThe implementation of various infrastructure projects in Taiwan is expected to help improved market conditions in the second half of this year, the head of the country's leading producer has said. Chairman of Taiwan Cement Corp, Koo Cheng-yun, said during a recent shareholders' meeting that he is cautiously optimistic on the industry’s second half outlook due to various factors. “Taiwan industries will walk out of the shadow of the European debt crisis, and public infrastructure projects ... |
Indian producers issued with record fine on price fixing21 June 2012, Published under Cement NewsEleven Indian cement producers have been issued a total fine of INR60bn (US$1.1bn) for price fixing, the highest ever fine issued by the country’s antitrust authority in its three-year existence. The Competition Commission of India (CCI) said in its ruling that the companies colluded to underuse their plants and create an artificial cement shortage. "The commission has found that the cement companies have not utilised the available capacity so as to reduce supplies and raise prices in tim... |
Qatar National Cement to build new plant21 June 2012, Published under Cement NewsThe board of directors of Qatar National Cement Company (QNCC) has approved the construction of a new plant with a clinker capaicty of 5000tpd, the company said in a statement to the bourse. The board has mandated the company’s management to take the necessary steps to execute the project, SeeNews Middle East and Africa reports. QNCC reported a net profit of QAR117.9m for the first quarter of 2012, up from QAR113.7m a year earlier. |
Lafarge Canada plans Exshaw expansion21 June 2012, Published under Cement NewsLafarge Canada plans to expand its Exshaw cement plant which will involve a new kiln line as well as upgrades to meet higher environmental standards and improve productivity. The company is now calling for the public’s opinion on its proposals to manage possible issues like increased traffic. “We’re looking at how we can mitigate the impact to the community,” Heinz Knopfel, plant’s manager, said. Foundation work for the expansion is expected to start this autumn after permits are in p... |
Taiheiyo Cement Philippines to lift output by 60% this year21 June 2012, Published under Cement NewsTaiheiyo Cement Philippines is in the process of implementing measures to raise production to rise expected rises in domestic demand in the near-future. Speaking to the Inquirer, Satoshi Asami, president of the local cement manufacturer, said the company will maximise capacity of its existing mills as well as cement packing system and terminal facility. Last year the company produced 800,000t of cement and this year it plans to expand output to 1.3Mt, representing a YoY rise of 60%. Th... |
Eurozone April construction output falls21 June 2012, Published under Cement NewsConstruction output in the 17 nations that use the euro dropped 2.7 per cent in April compared to the month before, and five per cent from April 2011, the European Union's official statistics agency Eurostat said Tuesday. Eurostat also lowered its estimate for the growth of construction output in March, to 11.4 per cent from 12.4 per cent. The decline in construction during April was widespread across the currency area, with building work down six per cent in Germany, 2.3 per cent in Spain... |
PIBT receives US$19m from IFC to part finance terminal21 June 2012, Published under Cement NewsPakistan International Bulk Terminal Limited (PIBT) said it has signed an agreement with the International Finance Corp (IFC), a member of the World Bank Group to get part financing for the construction of Pakistan’s first multipurpose non-food dry bulk cargo terminal at the Port Qasim near Karachi. In his welcome speech, Managing Director Marine Group of Companies Aasim A Siddiqui highlighted the importance of the contributions made by IFC in the Ports of Pakistan and specifically to the... |
UBS launches coverage on Italcementi and Buzzi Unicem21 June 2012, Published under Cement NewsUBS started covering Italy's two largest cement producers, Italcementi and Buzzi Unicem, as they struggle against a backdrop of a construction recession and declining cement demand. The analysts expect cement sales in Italy to slump 20 per cent this year. Pricing, on the other hand, seem to offset this trend but competition is solid and the pressure on Italcementi is strong, UBS said. It added that Italcementi's EBITDA are bound to drop further in 2012 after the fall in 2011. Italceme... |