Cement News tagged under: international
More private finance needed to fund UK infrastructure projects10 February 2012, Published under Cement NewsThe UK's Construction Products Association (CPA) has emphasised the essential role private finance has in providing funding for infrastructure and other public sector assets, especially considering the current constraints on public sector spending in the coming years. The statement comes on the back of the Treasury's recent PFI Review. Michael Ankers, the CPA's chief executive, said: "It is essential to find innovative ways of tapping into private sector finance through, for example, pensio... |
South African January sales rise 22%10 February 2012, Published under Cement NewsSouth African cement sales increased by 22 per cent YoY in January 2012 to 779,003t compared to 638,749t in 2011, data released by the Cement and Concrete Institute (CNCI) showed. The moving annual total for the last 12 months was up five per cent YoY to 11.37Mt and also had two less selling days that the year before. Earlier this month, the country’s leading producer Pretoria Portland Cement, said it was cautiously optimistic on the country’s outlook this year. “Current trends in cem... |
Dangote inaugurates new Ibese cement plant, Nigeria10 February 2012, Published under Cement NewsDangote Cement, opened a US$1bn cement plant on Thursday, raising its production capacity by more than 40 per cent. The new plant will produce 6Mta of cement, taking Dangote’s total production to 20.25Mta. The new facility is situated in Ibese, Ogun state, just outside Lagos. "We are working towards making the company one of the eight biggest producers of cement in the world," Dangote's billionaire owner Aliko Dangote said at the plant opening. "With the commissioning of the Ibese plant,... |
ACC and Ambuja optimistic on year ahead10 February 2012, Published under Cement NewsHolcim’s Indian interests, ACC and Ambuja Cements both have an optimistic outlook for domestic cement demand this year, the Wall Street Journal reports. ACC said though economic growth during the current fiscal year hasn’t been robust, it has seen some positive signs in the last few months. “In the near term, we expect economic development will accelerate as India plans to invest about US$1trn (INR49.3trn today) in infrastructure in the 12th Five-Year Plan period,” the company said. “This ... |
Jaypee Cement set to launch new Andhra Pradesh plant, India10 February 2012, Published under Cement NewsJaypee Cement’s new 5Mta cement plant, situated in Krishna District, Andhra Pradesh, will commence next month, Business Line of India reports. The new facility will cater mainly to the southern markets, Narayan Rao, senior general manager of the Jaypee Group said during a launch brand in the state. The company is also planning to increase capacity of the Andhra Cement plant. “Over the next six months, the work to increase its capacity from existing 2Mt to 3Mt will commence,” Mr Rao said.... |
Deutsche Bank revises China outlook10 February 2012, Published under Cement NewsFollowing discussions with the China Cement Association, Deutsche Bank now expect capacity growth of 7.5% and 3.4% in 2012 and 2013 versus its previous expectations of 4.1% and 2.2%. Deutsche forecast national demand to grow 3.3% in 2012 compared to its previous forecast of 4.1%. This could prove conservative if property stabilizes and the economy recovers in 2H12, the bank notes. Nevertheless, it expects 2012 to be the year when supply pressure on producers is the greatest over the past ... |
Gyzyldash cement plant scheduled to begin in 201310 February 2012, Published under Cement NewsWithin the next month Gyzyldash Cement will begin construction of a 5000tpd clinker plan (2Mta cement plant) in Azerbaijan. The contract was signed by Azerbaijan with Norm LLC and a consortium consisting of China Triumph International Engineering Co (CTIEC) and Japanese Mitsubishi Corporation for the turnkey construction of the plant. CEO of Norm LLC Hasan Yalchinkaya said in an interview with Turan Information Agency, the project works are on schedule and in May 2013 the test production ... |
Domestic demand offsets fall in Pakistan exports09 February 2012, Published under Cement NewsPakistan produced 17.94Mt of cement in the first seven months of the current fiscal ending January 2012, according to data from the All Pakistan Cement Manufacturers Association (APCM). This represents a four per cent increase on production achieved during the corresponding period of the last fiscal, APCM chairman Aizaz Mansoor Sheikh said. In a statement he said that a 7.21 per cent decline in domestic demand was offset by a 3.59 per cent decline in exports. However, he noted that produc... |
Vassiliko workers strike over wages, Cyprus09 February 2012, Published under Cement NewsSome 170 employees of the Vassiliko Cement Public Company staged a 24-hour warning strike over wage disputes, according to reports from the Cyprus Mail. Workers unions PEO and SEK accused the company of unilaterally proceeding with austerity measures which violated the collective agreements currently in place. Measures include the scrapping of wage rises and increments, changes in the overtime payment system and the handing out of only 50 per cent of the 14th salary. Despite the wage free... |
Action against cement companies delayed, India09 February 2012, Published under Cement NewsAction against the eight cement companies alleged of flouting the forest and environment norms in the Jaintia Hills district of Meghalya, India has been further delayed. Local press report that the delay is due to the Central empowered committee (CEC) directives to the government of Meghalaya to constitute a Joint investigation committee (JIC) to re-examine the findings of the state constituted High level committee (KLC) findings that indicted eight cement plants operating in Jaintia Hill... |