Cement News tagged under: international
Alleged South Africa cement cartel hearing faces tribunal16 November 2011, Published under Cement NewsSouth Africa’s competition Tribunal will consider a settlement agreement reached between AfriSam — a member of an alleged cement cartel – and the Competition Commission. According to the commission, the settlement is a reflection of AfriSam’s material co-operation with it in uncovering and providing further information on the conduct between cartel members. AfriSam and Pretoria Portland Cement (PPC) will not be subject to public scrutiny as PPC was granted corporate leniency by the commiss... |
Peru 10-month 2011 cement dispatches edge ahead16 November 2011, Published under Cement NewsCement dispatches in the Peruvian market amounted to 6.74Mt from January to October 2011, 1.7% more than recorded in the same period in 2010 (6.63Mt), according to the Asociación de Productores de Cemento (Asocem). During that period cement production stood at 6,91Mt, representing an increase of 1.74% YoY (6.79Mt). In the first 10 months of the year, exports reached 48,194t of cement, up a significant 478.43% over the same period of 2010, when they was 8332t. Total cement shipments (do... |
Oficemen urges government to take steps to boost demand, Spain16 November 2011, Published under Cement NewsThe fall in Spanish cement consumption has been accelerating after a slight rise at the beginning of the year. October data has been the worst in 27 years with consumption at just 1.5Mt, reports Spanish cement association, Oficemen. Production during the month, meanwhile, fell 21.5 per cent, YoY to 1.8Mt. For the first 10 months of the year, 17.7Mt, 15.6 per cent less than the same period of 2010. Exports were sustained at levels similar to last year while imports were down 37.8 per cent at... |
China Cement Stocks To Outperform In 2H1215 November 2011, Published under Cement NewsUBS keeps its long term positive view on China’s cement sector and expects cement stocks to outperform in 2H12; "the improving policy environment should prevent the sector from a big pullback." However, it recommends investors be patient, as a better entry point could come in next 1Q when cement demand and price should have bottomed. It says policy and fundamentals are the two key drivers for cement stocks. Recently, with the gradual and moderate easing of macro policies, it believes cement ... |
Saudi cement industry poised for upturn15 November 2011, Published under Cement NewsSaudi Arabia’s cement industry, the largest in the Middle East, has largely expanded this year and growth it expected to continue due to a sharp rise in construction projects, the Gulf country’s largest bank said on Tuesday. Contract awards through the first three quarters of 2011 reached SAR179.5bn, a staggering 125% increase over the same period last year, National Commercial Bank (NCB) said its weekly bulletin, sent to Emirates 24/7. Production in September rose by 27% compared to level... |
Paraguay’s INC announces another kiln stoppage15 November 2011, Published under Cement NewsManagers of Paraguay-based Industria Nacional de Cemento have announced a further stoppage of the kiln at the company’s Vallemi plant, Concepción, as the company carries out maintenance works and intends to replace part of the refractory bricks. The stoppage is expected to last 15-20 days and will see the replacement of 15-20m of refractory bricks as well as a change in the burner tube. However, the management foresees no disruptions in supply of the domestic market, which has been pla... |
12th NCB International Seminar opens in New Delhi15 November 2011, Published under Cement NewsThe 12th NCB International Seminar opened its doors today in the Ashok Hotel, New Delhi to more than 700 delegates, with a sizeable international delegation. A large 83 stall exhibition area features the latest in cement industry technology from 55 organisations. On the inaugural day opening ceremony Vinita Singhania, Managing Director, JK Lakshmi Cement was a VIP guest . |
Saudi Billionaire eyes Nigeria’s cement sector14 November 2011, Published under Cement NewsSaudi Arabia’s Prince Alwaleed bin Talal al Saud, weekend said he was looking to making substantial investments in Nigeria, and that “funds are not a constraint.” Alwaleed, who was named as the world’s richest Arab by Forbes Magazine and 5th in the world with assets of US$20.4bn, said he was attracted to Nigeria because the market was large, just as he indicated that he had strong interests in cement production, hotels, banking, oil and charity projects. |
Dangote prepares to launch new line14 November 2011, Published under Cement NewsDangote Cement has concluded arrangements to finally launch its new 6Mta cement plant in Ibese, Ogun State. Dangote Group revealed that production at Gboko plant would soon be boosted, as the company has almost concluded its expansion process in the plant to hit 4Mta, as against its current capacity of 3.5Mt. The Group added that with 4Mt in Gboko, about 10Mt in Obajana, 6Mt in Ibese, the Dangote cement production is expected to hit about 20Mt by the end of this year, as against the countr... |
JK Cement plans UAE white cement plant14 November 2011, Published under Cement NewsIndia’s JK Cement has announced plans to set up a 0.6Mta white cement plant in the UAE through a subsidiary. The new plant will be set up at the Fujairah Free Trade Zone and according to JK Cement’s filing to the Bombay Stock Exchange (BSE), the plant will have capability to change over to produce grey cement. “JK Cement has informed BSE that the Board of Directors of the Company at its meeting held on November 11, 2011, inter alia, has approved setting up of cement plant at JK Cement Wor... |