Cement News tagged under: international
UK construction reports unexpected monthly advance04 April 2012, Published under Cement NewsUK construction expanded at the fastest pace in 21 months in March, adding to signs the economy returned to growth in the first quarter. A gauge of building activity rose to 56.7 from 54.3 in February, Markit Economics Ltd. and the Chartered Institute of Purchasing and Supply said in a report today in London. The median forecast in a Bloomberg News survey of nine economists was 53.4. A reading above 50 indicates expansion. Markit said confidence at companies increased to a 22-month high. ... |
Indian majors report March gains04 April 2012, Published under Cement NewsThree of India's leading cement producers, UltraTech Cement as well as Holcim interests, ACC and Ambuja Cement, all reported healthy gains in their respective March 2012 figures. UltraTech despatched 4.01Mt cement in March, 6.28% higher from previous year, a company release today said. Cement production during the month rose 4.5% YoY to 3.92Mt. On a monthly basis, despatches and production rose 14% and 13%, respectively. Ambuja Cement sold 2.17Mt of cement in March this year, up 12.4... |
No restrictions to Sarawak imports, Malaysia04 April 2012, Published under Cement NewsThe Ministry of International Trade and Industry has confirmed that there is no restriction on the import of cement into the Malaysian state of Sarawak, the Borneo Post writes. The ministry stated that importers intending to bring volumes into the state only need to apply for a certificate of approval from the Construction Industry Development Board. The ministry also said that there was no restriction on proposals for new investments in integrated cement projects in any part of the co... |
Derba Midroc announces second-round of price cuts, Ethiopia04 April 2012, Published under Cement NewsNewcomer to the Ethiopian cement sector Derba Midroc will announce another round of price cuts on wholesale cement, intensifying the price war on the local market. The 7500tpd Derba Midroc cement works was inaugurated in February this year, and is one of seven cement projects scheduled to come on-stream in the January-May period of 2012, according to Ministry of Industry data. Derba Midroc’s managers claim that they cutting prices to spur demand in a market that is currently facing a d... |
Taiwan Cement ‘cautiously optimistic’03 April 2012, Published under Cement NewsTaiwan Cement Corp (TCC), which is fast-expanding in the China cement market, expects demand to pick up gradually this year in its two main markets, after it reported a 20 per cent decline in 4Q12. Speaking to the Tapei Times, chairman Leslie Koo, said: “We are cautiously optimistic about the business outlook [this year] after a below-trend fourth quarter when the unfavorable macroenvironment softened demand and pushed down selling prices.” Political uncertainty over the leadership re... |
Improving prices forecast to raise margins, Pakistan03 April 2012, Published under Cement NewsPakistan cement industry is forecasted to earn good margins during the last quarter of the current fiscal as cement prices increase on rising sales volumes. According to a report by InvestCap, local cement manufacturer and exporter firm Fauji Cement (whose capacity has been increased by commissioning of a new 7200tpd plant in 1HFY12) would be the main beneficiary of an increase in prices followed by Lucky Cement, DG Khan Cement and others. The report noted that cement prices are on th... |
Eurozone slowdown, cost inflation threaten construction sector, UK03 April 2012, Published under Cement NewsThe Construction Products Association’s (CPA) latest State of Trade Survey, which has been launched Monday, shows that although a Eurozone crisis appears to have been averted for the time being, the prospect of an economic slowdown in the major European economies, together with increasing global energy and raw material prices, remain as the major threats to further recovery in the UK construction products industry. Commenting on the figures, CPA senior economist, Kelly Forrest said: “It is... |
Tabuk Cement new ready-mix venture, Saudi Arabia03 April 2012, Published under Cement NewsSaudi cement producer Tabuk Cement Co has signed a Memorandum of Understanding (MoU) with Malaysia’s ZECCN and Finnish Elematic to construct a SAR60m (US$16m) ready-mix concrete plant in the Western Province of the country. TCC will hold 60 per cent in the new venture which will be self-financed. The remaining shares will be held by the partners. |
Ghorahi Cement to come on-stream in April, Nepal03 April 2012, Published under Cement NewsThe latest addition to the Nepal cement production base, Ghorahi Cement Udhyog in the Dang district, is to start production on the 25 April 2012. According to plant officials, construction is at its final stages, the Katmandu Post reports. In terms of market, supply, K Aru Mugam, manager of the factory said: "Cement will be manufactured as per market demand…In the case of clinker, we have planned to manufacture 1200tpd initially and increase production to 2,000tpd," he said. He added the... |
China: broad recovery in demand anticipated02 April 2012, Published under Cement NewsAnalysts said Thursday that Chinese cement and building-material firms are seeing a broad recovery in demand and have forecast cement prices to rise throughout the year, as warmer weather helps kick-start stalled activity. Broking-house UOBKayHian said that management of Anhui Conch Cement Co both issued an upbeat assessment of the market outlook this year, bolstering the view that demand firmed during in the January–February period. UOB said rising construction activities after the Chines... |