Cement News tagged under: international
Dangote’s Calabar plant nears completion, Nigeria29 May 2012, Published under Cement NewsDangote Cement’s 6Mta plant in Calabar, Cross-River state is expected to be completed in July, Alhaji Aliko Dangote Chairman of the company has said. Mr Dangote said the plant was almost completed and will be ready within 60 days. Its strategic location means that it will serve the domestic market of Nigeria as well as nearby markets such as Cameroon and Gabon. He added that with the planned expansion of the Ibese cement works (Nigeria)with another two 3Mta lines, the 11 June commissio... |
Lafarge WAPCO to establish a bag manufacturing company, Nigeria29 May 2012, Published under Cement NewsLafarge WAPCO is poised to establish a bag manufacturing firm in Nigeria to facilitate the packaging of its products. Chairman of Lafarge Cement WAPCO, Chief Olusegun Osunkeye, explained the company was being established in partnership with bag manufacturing experts who have been packaging Lafarge Plc's products worldwide. According to Mr Osunkeye arrangements are in the final stage for the company to commence operations, noting that it would take care of the company's packaging needs. H... |
Tanga Cement price comment, Tanzania29 May 2012, Published under Cement NewsTanga Cement's managing director Erik Westerberg has said that is poor and unreliable rail transport is causing an escalation in cement prices in the country. “We are relying on road transport to move our products which is very costly,” Mr Westerberg told East African Business Week during the cement producers AGM last week. “If we were to use rail transport it would reduce the costs of production thereby reduce the final prices," he said. He added that, if the rail transport was reliab... |
Gresik to invest in new plants, Indonesia28 May 2012, Published under Cement NewsIndonesian cement producer, PT Semen Gresik, plans to build new cement plants in Sumatra and Java this year with an investment cost of IDR7trn (US$756m), according to reports in the Jakarta Globe. Dwi Soetjipto, president director of state-owned Gresik, said: “We will add the plants to directly support the production process, or the core business of the company.” Semen Gresik will seek a bank loan to finance the construction of the plants, he said, adding that another option was a bond... |
Milder weather boosts US February shipments28 May 2012, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for February 2012 were 4.7Mt, data from the US Geological Survey shows. This was almost 29% higher than shipments in February 2011. Shipments for the year through February were 9.3 Mt, up by about 26%. Although continuing a trend of monthly increases that started in May 2011, the high percentage increase in January and February 2012 in part reflected mild winter weather conditions. The leading producin... |
Czech cement production down 14% in 1Q1228 May 2012, Published under Cement NewsCement production in the Czech Republic declined 14% YoY to 465,555t in the January-March period due to a drop in construction activity and a cold winter, the Czech Cement Producers Association has said. Domestic consumption and exports also fell, the association told CTK Business News. "A combination of several effects was behind the significant drop in Czech cement production and consumption in the first quarter this year," Jan Hrozek, Ceskomoravsky cement board chairman said . Unclea... |
Anhui Conch outlook28 May 2012, Published under Cement NewsHSBC has upgraded China-based Anhui Conch Cement to Overweight from Neutral, with an unchanged target price of HK$27.20. It tips "value emerging" for China cement sector, as recent price hikes in Hangzhou (in Zhejiang province) helps to stabilise cement prices in Eastern China. The house expects a gradual resumption of railway projects and acceleration of social housing construction to underpin demand in 2H12 Meanwhile, UBS has trimmed its target price for Conch to HK$31 from HK$36.5, an... |
TCL and Union impasse expected to head to court, Trinidad28 May 2012, Published under Cement NewsThe industrial relations dispute between Trinidad Cement Ltd (TCL) and the Oilfields Workers’ Trade Union (OWTU) is expected to go to the Industrial Court for a resolution. T he 90-day strike notices served on TCL and subsidiary Trinidad Packaging on 27 February has now expired. Speaking to the Trinidad Express, OWTU branch president Lawrence Renaud said both parties would have seven days to refer the matter to the court. "When the matter goes to the Industrial Court all industrial actio... |
Cemex secures contract to supply concrete for Shetland Gas project28 May 2012, Published under Cement NewsThe first batch of concrete from CEMEX UK has been delivered for the construction of a new UK£500m onshore gas plant in the Shetland Islands. The contract, providing over 25,000m3 over 12 months, was awarded by Morrison Construction, Galliford Try’s Scottish construction business. The Cemex solution to providing concrete in one of the remotest parts of Britain is the erection of a mobile plant on site, modified to deal with the anticipated cold weather, and the complex logistics co-ordinati... |
Oman expected to raise prices in 201328 May 2012, Published under Cement NewsOmani cement producers will be able to raise prices by 2013 as dumping from the oversupplied UAE market slows and demand improves domestically and abroad, according to analysts, the Muscat Daily reports. A BankMuscat research report said that the drop in domestic price realisations took a 'halt' in the first quarter this year after six quarters of continuous declines, while the export realisation uptick came as a positive surprise. The report said, “Realisations have largely stabilised at ... |