Cement News tagged under: international
TCL, Union wage dispute update, Trinidad13 March 2012, Published under Cement NewsThe Oilfields Workers’ Trade Union (OWTU) and Trinidad Cement Ltd (TCL) are ready to restart negotiations in an attempt to resolve the wage dispute that has resulted in strike action and a cement shortage. On 5 March the union served a strike notice on the company after rejecting a 6.5 per cent wage offer. The union’s president general, Ancel Roget, has given instructions that the letter be sent to the Ministry of Labour requesting intervention. Last week, the Ministry stated that both par... |
Indonesian February consumption rises 23.9%12 March 2012, Published under Cement NewsIndonesia’s domestic sales rose 23.9 per cent YoY in February 2012, according to figures from PT Semen Gresik. February sales reached 4.1Mt, slightly higher than the 4.06Mt achieved in January. Indonesia has enjoyed one of the world’s highest growth rates of cement demand in recent years. Sales in 2011 were up 17 per cent YoY to 47.9Mt and looking forward, growth is expected to continue in 2012 as the country aims to meet ambitious housing and infrastructure needs. |
Semen Gresik to build 2.5Mta plant in Myanmar12 March 2012, Published under Cement NewsState-owned Indonesian cement producer PT Semen Gresik, is reportedly expanding its operations into Myanmar by constructing a new plant as part of government expansion plans involving state enterprises. The Indonesian cement producer plans a 2.5Mta cement plant at an estimated cost of IDR4.5trn (US$500m), according to company finance director Ahyanizzaman. PT Semen Gresik is one of four state companies asked by the government under Indonesia Incorporated to expand operations to Myanmar... |
Al Jouf Cement secures loan for expansion, Saudi Arabia12 March 2012, Published under Cement NewsSaudi Arabian cement producer, Al Jouf Cement, said it has signed and agreement with Saudi British Bank (SABB) for a SAR350m (US$93.3m) five-year Islamic facility. The financing will form part of the funds needed for the construction of a second production line and dedicated power plant. Earlier this year, Al Jouf Cement said it would invest SAR885m in a second line with a capacity of 5000tpd, together with the power plant. The company said it would use its own funds to cover the rem... |
UK: calls for public sector construction kick-start12 March 2012, Published under Cement NewsThe latest UK construction figures from the Office of National Statistics (ONS), released on Friday, show that domestic output continued to fall in January as concerns mount over declines in private sector activity. January 2012 figures fell 12 per cent compared to December 2011 while for the three month period ending January 2012, output was down 11 per cent compared to the previous three months. Commenting on the figures, Noble Francis, Economics Director at the Construction Prod... |
Saudi monthly production rises 13%12 March 2012, Published under Cement NewsCement production in Saudi Arabia rose by double digits in February 2012. Output increased 13 per cent to 4.4Mt, according to data posted by local manufacturer Yamamah Cement Co. Source: Bloomberg |
Vassilikos strike continues, Cyprus09 March 2012, Published under Cement NewsStriking cement factory workers yesterday moved their protest to Nicosia, picketing the Hellenic Mining Company, one of the main shareholders of Vassilikos Cement, according to Cyprus Mail reports. Employees of the Vassilikos cement factory have gone on an indefinite strike, saying their collective agreements were not being observed. Their strike followed the introduction of cost-cutting measures, including the scrapping of wage rises. |
Pakistan cement sales up 7%09 March 2012, Published under Cement NewsPakistan cement sales rose seven per cent for the first eight months of the current fiscal (July 2011-June 2012) while exports declined by six per cent in the period, data from the All Pakistan Cement Manufacturers Association reports. Total cement sales for first eight months increased by 3.49 per cent to 20.45Mt from 19.76Mt in the same period of the previous fiscal. Domestic sales reached 14.83Mt from 13.81Mt in 2011 while exports dropped to 5.61Mt from 5.94Mt, the association said.... |
Cimpor considers expanding Dondo plant, Mozambique09 March 2012, Published under Cement NewsCimpor is studying the option of expanding its Dondo grinding facility in Mozambique with a new clinker plant. “We are carrying out feasibility studies to set up a clinker production plant next to our unit in Dondo,” chief executive Joao Nunes Pereira told Bloomberg. He adding that the aim of the project was to respond to increased demand from Mozambique’s construction sector.The Dondo grinding unit is located some 30km from Beira. In a market that continues to post notable growth, la... |
Competition Commission settles with Lafarge, South Africa09 March 2012, Published under Cement NewsSouth Africa’s Competition Commission has reached a settlement with Lafarge for being part of cement cartel. Lafarge is to pay an administrative penalty of ZAR149m, or six per cent of its 2010 turnover in the South African Customs Union (South Africa, Botswana, Lesotho, Swaziland and Nambia). The agreement follows a settlement reached by the Commission with AfriSam which will pay a fine of ZAR125m, or three per cent of its turnover in the same period. The commission has now vowed to purs... |