Cement News tagged under: international
HeidelbergCement expects 1Q12 to improve16 December 2011, Published under Cement NewsCement prices in central India are currently the worst hit, Heidelberg Cement India which has maximum exposure in that region has seen a drop of INR20 per bag from November till now. Ashish Guha, managing director and chief executive officer, Heidelberg Cement India in an interview to CNBC-TV18 said, "In the beginning of the year, we had expected somewhere around 7.5-8% growth in cement consumption which is kind of flat right now. So that’s the reason that prices are not going up." Despite ... |
Asia Cement eyes 40Mt capacity by 201516 December 2011, Published under Cement NewsAsia Cement (China) Holdings Corp expects to double production capacity to 40Mt by 2015, sources reported, quoting the president of the company as saying recently. The president also disclosed that the company is in negotiations regarding potential acquisitions. |
Portland Cement loses state status as NSSF cuts stake, Kenya16 December 2011, Published under Cement NewsThe National Social Security Fund has reduced its stake in the East African Portland Cement Company (EAPCC) in what has seen the cement-maker cease being State-owned because the combined government holding has fallen below 50 per cent. The State-controlled NSSF has reduced its stake from 27 to 23 per cent after it transferred 3.6 million shares now worth KES200m to its workers retirement benefit scheme – which is a private entity. This has cut the government shareholding in the cement comp... |
JK Cements keen to expand but challenges lie ahead16 December 2011, Published under Cement NewsJK Cements has ambitious expansion plans, but with the cement industry struggling with oversupply on one hand and costlier coal imports denting profits on the other, fund raising will not be a breeze for the company, reports CNBC-TV18. The cement player has its task cut out as it plans to more than double output to 17Mt by FY17 from 7.5Mt currently. The company plans to invest INR5000 crore for this expansion, with Indian banks lending two-thirds of the amount. But in a market riddled wit... |
Cement Corp of India eyes new grinding project16 December 2011, Published under Cement NewsCement Corporation of India (CCI) has proposed a new 0.85Mt cement grinding plant in Assam. "Cement Corporation of India proposes to establish a cement grinding unit at Baikunthapur, in the district of Cachar, Assam," Minister of Heavy Industries and Public Enterprises Praful Patel said. The unit is proposed to grind fly ash along with clinker to be transported from CCI’s Bokajan Cement unit in Assam for producing Portland Pozzolana cement, Mr Patel added. |
Peruvian cement dispatches rise16 December 2011, Published under Cement NewsCement dispatches in the Peruvian market totalled 7.51Mt between January and November 2011, 1.68% up compared to the figure registered in the same period of 2010, when they totalled 7.38Mt, said the Asociación de Productores de Cemento (Asocem) today. During that period the cement production was 7.69Mt, representing an increase of 1.95% over the same period of 2010, when it was 7.55Mt. In the first 11 months of the year, exports reached 57,698t of cement, reporting an increase of 381.62%... |
ACC in coal venture as input costs rise15 December 2011, Published under Cement NewsACC Ltd is developing coal blocks in joint ventures with state governments to secure raw materials for its plants, a senior executive said Wednesday. "There has been a lot of burden on the Indian cement industry due to the rise of coal prices, [as the fuel] comprises almost 25%-30% of the cost of production," the chief executive of the Indian unit of Holcim told reporters on the sidelines of an event. Kuldip Kaura added that while coal will remain the dominant fuel to run its plants, the c... |
Prism plans cement plant in Andhra Pradesh, India15 December 2011, Published under Cement NewsThe Andhra Pradesh (AP) government in a recent clearance move has allotted 1000 acres of land to Prism Cement in Kurnool district of the state. The sanction has paved the way for the company to set up a cement plant and a residential township, AP Information Minister, D K Aruna said. |
Vietnam: 2012 outlook remains cloudy15 December 2011, Published under Cement NewsBy the end of 2010, Vietnam Cement Association had predicted that in 2011, there would be about 9Mt of cement to be added to the expected national cement production output. That’s when 10 new cement plants would be put into operation. Therefore, in 2011, the full year capacity could reach over 60Mt. However, the statistics released by Vietnam Cement Corp (Vicem) showed that in the first nine months of 2011, the member companies under Vicem Corp have reported producing about 11Mt of clinker,... |
Cemex UK invests in new bagging plant15 December 2011, Published under Cement NewsCemex has invested UK£3.5m in a new cement bagging plant at its Rugby plant site in Warwickshire. The new plant has been built following extensive customer consultation, with many customers wanting the option of cement in plastic or paper bags. Today, approximately one-fifth of Cemex customers buy cement in the new plastic packaging. The plant incorporates an Aroda Arovac bagging system, with a unique operating mechanism. Once filled with cement any air in the bag is sucked out creating a... |