Cement News tagged under: international
Pakistan: FY12 to be a fortunate year for the entire cement industry04 May 2012, Published under Cement NewsPakistan cement sector profitability is on the recovery path due to higher local dispatches and rising prices. Low-tier companies are also on the way of recovery. Researching domestic sector profitability for 9MFY12 by reviewing the accounts of the 17 companies representing 98% of the listed sector market capital, leading brokerage house InvestCap Research has suggested that FY12 to date could be considerate particularly good year for Pakistani cement producers. The top line of the sector... |
Italcementi to become strategic partner of West China Cement04 May 2012, Published under Cement NewsItalian cement maker Italcementi said it has agreed to acquire a stake in West China Cement (WCC) as the group moves to strengthen its position in the world's largest building materials market. In a statement Italcementi said that when the deal is complete it will own a stake of around 6.25% in WCC to become the company's third-largest shareholder. Under the agreement Italcementi will sell to WCC Shaanxi Fuping Cement Company, which also owns 35% of Shifeng Cement, against the subscript... |
ACC, Ambuja see spurt in cement production in April04 May 2012, Published under Cement NewsLeading cement producers ACC and Ambuja Cement reported the growth in cement production for the month of April 2012. ACC and Ambuja Cements reported the production at 2.17Mt and 1.91Mt, respectively, in their separate filings to the Bombay Stock Exchange. During the year ago period, ACC and Ambuja had reported the production at 2.06Mt and 1.81Mt, respectively. Besides, the dispatches at the two companies also inched up during the quarter. ACC reported the dispatches at 2.0Mt during the mo... |
USA: Lafarge Bath plant applies to burn railroad ties and shingles04 May 2012, Published under Cement NewsThree years after backing off on a plan to burn tyres at its cement plant in Bath, Lafarge is applying to introduce railway ties and asphalt shingles into its kiln. The “low-carbon fuel demonstration project” would run for three years and incinerate up to 75t of construction and demolition debris each day. The application for compliance approval, written by the consulting firm Golder Associates, says that “the emissions from the Bath plant cement kiln are not expected to be significantly c... |
Irish Cement are ‘starving’ workers04 May 2012, Published under Cement NewsManagement at Irish Cement have been accused of attempting to “starve people to go back to work”, as some 50 men in Limerick maintain their picket for the fourth week of the official strike. Staff locally say they are now attempting to freeze their mortgage payments with the banks, as they are living on less than €200 strike pay per week. The staff at the Castlemungret plant are owed between €5500-9500 each in increments, with the Labour Court recommending five months ago that the sum be ... |
China: cracks begin to appear04 May 2012, Published under Cement NewsWith a downturn looming, major cement companies in China are using various strategies to weather the tough times, such as consolidation and a push for greener technologies. Today, cement production capacity per capita in southwest China is one of the highest in the world. Overcapacity in cement production, because of China's sizzling economy and its heavy investments in infrastructure, has spread across the country at a time when the economy has shown strong signals of cooling down. Lei... |
India: cement prices falling pre-monsoon04 May 2012, Published under Cement NewsApart from in eastern India, cement prices are on a downward spiral across the country, suggesting the monsoon-time weak cycle has set in early this year. Dealers and industry sources said prices have corrected in the range of INR5-15/bag, or around 2%, of late as supply outstripped demand. The earlier price uptrend since February corrected from INR314-308/bag (US$5.80-5.70) in mid- to end-April. A cement dealer from Delhi said, “Demand from construction activity has been low. The most re... |
India: Malkhed plant receives government approval04 May 2012, Published under Cement NewsThe state government has, in principle, given approval to a proposal by Vasavadatta Cement, owned by Kesoram Industries Ltd, to establish a cement plant with a capacity of 4.5Mta with a provision to establish a 50MW power plant at Malkhed in Sedam taluk of Gulbarga district. Vasavadatta Cement has already established a major cement plant on the outskirts of Sedam town. Now it proposes to invest INR16bn (US$297.2m) to set up its second plant at Malkhed with a promise to generate employment ... |
Cemex UK's Barrington plant to be demolished04 May 2012, Published under Cement NewsCemex UK confirms that it will not be bringing its cement plant at Barrington, Cambridgeshire back into production, but is moving to a phased demolition of the facility. Originally mothballed in November 2008, Cemex UK has concluded there is no economic case to re-start production. Commenting on the decision, Jesus Gonzalez, president Cemex UK operations said: "Regrettably we have come to the irreversible decision that Barrington Cement plant will not be bought back into production. Thi... |
Energy price falls may increase 2H12 margins04 May 2012, Published under Cement NewsIndustry analysts predict a recovery in cement margins in 2H12 as a consequence of falling international energy prices and the continued strength in cement prices, as highlighted in last week’s newsletter. The squeeze on cement markers' profit margins was widely felt during 2011, driven in the main by rapidly-rising energy costs that impacted on companies' bottom lines. Key energy prices rose by over 40% in a six-month period during 2011. This week's 1Q12 financial reports show how much i... |