Cement News tagged under: international
Pakistan cement industry pin hopes on MFN status to India08 February 2012, Published under Cement NewsPakistan and India are likely to discuss the issue of Most Favoured Nation (MFN) during a visit this week by an India trade delegation, headed by its Commerce Minister Anand Sharma, visits Pakistan. Both governments are expected to sign formal agreements including customs cooperation, certification of goods and also address challenges being faced by Pakistan exporters into India. Pakistan’s cement industry is demanding the removal of non-tariff barriers, more freight trains to India, the o... |
Venezuela cement prices rise 13.4%08 February 2012, Published under Cement NewsIn January the prices of construction materials in Venezuela increased 2.5 per cent largely as a result from a rise in prices in the steel and cement sectors. Statistics from the Central Bank of Venezuela (BCV), showing the wholesale price index of construction materials, shows that in one month cement prices increased 13.4 per cent. According to BCV figures, in 12 months cement prices accumulated a 28.1 per cent. In December, the government authorised an 80 per cent increase in the va... |
Increased power tariffs result in cement price hikes, Tanzania07 February 2012, Published under Cement NewsA recent rise in power tariffs by over 40 per cent has resulted in the price of Tanzanian building materials starting to also increase. A spot survey by local newspaper, ‘Daily News’ on Tursday showed that the price of Twiga cement sold by Tanzania Portland Cement Company (TPCC) has risen to between TZS14,500 and TZS15,500 per 50kg bag, depending on the location. This follows the company’s decision to increase prices to wholesalers last Monday, the paper reported. Agents now say the pr... |
India Cement’s quarterly advance, outlook cautious07 February 2012, Published under Cement NewsIndia Cements saw its profit more than double in 3QFY11-12 to INR56.31m crore (US$11.5m) helped by an accounting change and a revival in demand in the key Andhra Pradesh market. The Chennai-based company registered a net profit of INR21.47 crore net profit in the Octocber-December quarter of the financial year, the company said in a statement to the Bombay Stock Exchange. However, vice-chairman and managing director Narayanaswami Srinivasan remains cautious about his forecast for south In... |
Chettinad Cement to enter Karnataka this year, India07 February 2012, Published under Cement NewsChettinad Cement will commission a 2.5Mta cement plant in North Karnataka in the current year and has finalised plans to expand into Andhra Pradesh, Business Line of India reports. The Karnataka unit will mark Chettinad Cement's geographical expansion outside Tamil Nadu and will give it market reach into Maharashtra, where it plans to put up a grinding unit of about 1.5Mta, according to MAMR, Muthiah, Chettinad Group's Managing Director. The company has firm plans to expand its 11.50Mta pr... |
Saudi Cement in talks to sell extra clinker supplies06 February 2012, Published under Cement NewsSaudi Cement has said that due to the rising demand for cement in the Kingdom, it has started negotiating with a number of local producers for the sale of excess quantities of clinker. The company announced that since 4 February it has been in talks to sell as much as 600,000t of extra clinker supplies as local producers are benefiting from increased government spending. |
Derba MIDROC Cement inaugurated, Ethiopia06 February 2012, Published under Cement NewsDerba MIDROC Cement Plc, Ethiopia’s biggest cement factory, was inaugurated on Sunday in the presence of Ethiopia’s Prime Minister Meles Zenawi and other invited guests. The US$351m plant was built by the MIDROC Ethiopia group owned by Mohammed al-Amoudi, an Ethiopian-born Saudi Arabian billionaire who is one of the biggest investors in Ethiopia. Derba MIDROC located about 70km northwest of the capital, Addis Ababa, near Chanch town of Oromia State will produce 8000tpd of cement. Al-Amou... |
Birla Corp to replace coal with CBM at Durgapur unit, India06 February 2012, Published under Cement NewsIndia's Birla Corp said Friday that the company will use coal bed methane gas rather than coal for its Durgapur plant in the state of West Bengal. India Energy News reported that the company took decision owing to the long-term risks associated with coal prices after being linked to global benchmarks. The state-owned coal major Coal India Ltd introduced new coal pricing mechanism linked to global benchmark of Gross Calorific Value (GCV). However, it has to roll back the price rise on stron... |
US November shipments up 5%03 February 2012, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for November 2011 were 6.2Mt, data from the US Geological Survey showed. This was 5% higher than shipments in November 2010. Shipments for the year through November were 67.3 Mt, slightly higher than those of the same period in 2010. The leading producing states in November were Texas, California, Missouri, Pennsylvania, and Michigan, in descending order and accounted for about 42% of the total production.... |
Indian companies post January rise03 February 2012, Published under Cement NewsUltraTech Cement, said shipments in January rose 11.2 per cent to 3.72Mt. Production increased 11.7 per cent to 3.78Mt the company, part of India's Aditya Birla Group, said in a statement. Meanwhile, Ambuja Cements, part of the Holcim Group, reported sales rose in January to 1.91Mt, up 3.8 per cent compared to the same month last year (1.84Mt). Production volumes also rose during the month to 1.9Mt compared to 1.84Mt in January 2011. |