Cement News tagged under: international
Allied Cement: market challenges ahead, China19 January 2012, Published under Cement NewsAllied Cement of China, which made its debut on the main board of Hong Kong’s stock exchange yesterday, said it faces slowing demand growth for its products on the back of the economic slowdown and a credit squeeze in China. During a ceremony to mark the company’s listing, its managing director Ng Qinghai said demand in the Yangtze River Delta (East China), Allied Cement’s main market, would increase approximately 5-10 per cent this year. This is slower than the 12 per cent registered last... |
Anhui Conch acquisition, China19 January 2012, Published under Cement NewsAnhui Conch Cement plans to acquire Anhui Conch Venture Capital’s no 4 and 5 energy saving equipment factories, and relevant land use rights, for a total of CNY22m, reports Shanghai Securities News, citing a company filing. According to the filing, the cement maker plans to set up an equipment storage centre, which will boost production and lower procurement costs. The factories purchased will be mainly used for storage, said the firm. |
Germany: VDZ and BDZ combine operations18 January 2012, Published under Cement NewsThe German Cement Works Association (VDZ) and the Federal Association of German Cement Industry (BDZ) are combining operations and merging into the German Cement Works Association. The newly-formed body will represent 23 domestic companies and about 95 per cent of the German industry with a turnover of approximately EUR2.1bn. "The merger gives us significantly greater clout and reach," said chief executive Dr Martin Schneider, who will lead the new organisation. Overall, the new structur... |
South Korea’s exports reach record levels18 January 2012, Published under Cement NewsSouth Korea exported 4.49Mt of cement in 2011, up a marked 62 per cent from 2.7Mt as producers turn to exports as a property slump hurts domestic demand. Including clinker, total exports reached a record 9.97Mt last year compared to 7.53Mt in 2010, data from the Korea Cement Association (KCA) showed. Continued stagnation in the construction sector has led local producers to explore export markets. "Cement makers sought to sell their products even in overseas markets because the local d... |
Pikalevskiy Cement production rises, Russia18 January 2012, Published under Cement NewsRussia-based producer Pikalevskiy Cement reported a rise in cement production of three per cent in 2011 to 1.78Mt, SKRIN newswire reports. The company, which operates in the Leningrad region and is part of the Eurocement Group, said clinker production amounted to 1.55Mt, up 12.2 per cent on 2010 figures. Shipments for last year reached 1.78Mt, a YoY increase of 3.8 per cent. |
Peruvian 2011 shipments rise marginally17 January 2012, Published under Cement NewsShipments of cement in the Peruvian market totaled 8.9Mt between January and December 2011, 2.42 per cent more than that recorded in 2010, when (8.98Mt), reported the Association of Cement Producers (Asocem). Growth is mainly attributed to private demand. During that period the cement production was 8.5Mt representing a YoY of 2.41 per cent, when it reached 8.3Mt. Full-year cement exports reached 67,512t, a rise of 288.13 per cent over the same period in 2010 (17,394t). Therefore, t... |
GHACEM to raise capacity as demand thrives17 January 2012, Published under Cement NewsGHACEM, the leading cement producer in Ghana, has reported that domestic cement demand increased by a record 22 per cent last year on the back of robust economic growth and oil activity, particularly in the western region of the country. Speaking at a GHACEM awards event, managing director Morten Gade, said his company is investing in expansion to improve capacity at both the Takoradi and Tema plants to meet rises in demand expected in 2012. “GHACEM being mindful of the positive grow... |
Pakistan cement cartel investigation17 January 2012, Published under Cement NewsThe Competition Commission of Pakistan (CCP) has conducted a search and inspection of the All Pakistan Cement Manufacturers Association (APCMA) premises as well as Kohat Cement offices in Lahore to seize documents which could confirm collusive activities in an alleged cement cartel. The Business Recorder of Pakistan report that this is the second time the CCP has carried out such an inspection of the cement sector. This new investigation is due to the continued rise in prices over the cou... |
Can Tho Mineral and Cement signs export deal17 January 2012, Published under Cement NewsA new export deal has been signed by Vietnamese cement producer, Can Tho Mineral and Cement JSC and a Chinese partner for 24,000t to be delivered to Cambodia. Can Tho’s Chairman and CEO, Thai Minh Thuyet was quoted by Vietnam press as saying that the contract will help the company deal with a downturn in the domestic market. The first shipment of 6000t will be delivered by the end of January. |
Iran to launch Venezuelan cement factory in March16 January 2012, Published under Cement NewsIranian-built cement factory in Venezuela "Cerro Azul" is to be launched in March 2012, according to local press reports. Iranian Ehdas Sanat Company signed a contract with Venezuelan government in 2005 for building the cement firm in the country costing US$198m. The plant was to be inaugurated in 2008, but it was postponed to 2012. Source: ISNA - Tehran |