Cement News tagged under: international
Shree Cement operating at higher utilisation rates14 November 2011, Published under Cement NewsShree Cement Ltd is operating at 84-90% capacity while the industry is working at 70-75%, Executive Director Mahendra Singhi told NewsWire18 today."Overall the cement sector is not working on full capacity," he said, adding "We are better than the sector." Shree Cement currently has a total installed capacity of 13.5Mt. Singhi spoke to NewsWire18 on the sidelines of the World Economic Forum- organised India Economic Summit 2011. Singhi said demand has remained low as industries are cauti... |
Holcim denies cartel activity, Brazil14 November 2011, Published under Cement NewsHolcim Ltd Friday denied wrongdoing after the Brazilian Ministry of Justice accused it of price fixing in the country. The ministry recommended that the country’s antitrust authorities fine Holcim and several other companies after it claimed they took part in the cartel, according to press reports. |
India’s October output and demand down YoY14 November 2011, Published under Cement NewsIndia’s cement production declined over 1% from a year ago to 14 .78Mt October, while dispatches fell nearly 2% to 14.38Mt, the Cement Manufacturers Association said today. However, on a month-on-month basis, cement production was higher than 12.86Mt in September, while despatches were up from 12.85Mt. In Apr-Oct, domestic cement production increased 2.1% to 98.81Mt, while dispatches rose 1.9% to 97.84Mt. In the year ended 31 Mar, India’s cement production has risen by 4.7% to 168.26... |
Antitrust clears Sibirsky to raise stake in Angarsky Cement14 November 2011, Published under Cement NewsRussia’s Federal Antimonopoly Service has cleared Russian holding Sibirsky Cement to increase its stake in Angarsky Cement to 100%, according to the service’s data seen by PRIME on Friday. As a result, Sibirsky Cement is allowed to acquire a 50.1% stake in Angarsky Cement. Founded in 2002, Sibirsky Cement, or Sibirskiy Cement, is based in the Kemerovo Region. Angarsky Cement covers over 85% of the cement market in the Irkutsk Region. |
Brazil year-to-date sales up 7.7%14 November 2011, Published under Cement NewsPreliminary data and market estimates show that cement demand in Brazil between the January-October 2011 period reached 52.9Mt, up 7.7 per cent YoY. In October 2011, 5.6Mt of cement was consumed, up 6.1 per cent on the same month of 2010. For the 12 months between November 2010-October 2011, 62.9Mt was consumed, representing an increase of 8.7 per cent on the corresponding months of the previous year (November 2009-October 2010). Source: Source: Sindicato Nacional da Indústria do Cimento... |
Buzzi volumes rise in all markets except Italy & USA14 November 2011, Published under Cement NewsBuzzi Unicem’s turnover for the first nine months improved 5.5% to €2,109.4m but the EBITDA advanced by just 1.1% to €330m, as the Italian cement major sees volumes decline in Italy and the USA but rise everywhere else. The trading profit, however, emerged 0.9% lower at €153.5m and net financial charges were 5.5% lower at €68.2m to give a pre-tax profit of €87.5m, a reduction of just 0.3%. After a much higher, but more normal, tax charge and a 6.7% increase in the minorities charge to €22m,... |
October sees rise in domestic Pakistan sales11 November 2011, Published under Cement NewsPakistan cement sales in October 2011 stood at 2.94Mt against 2.92Mt recorded during the same period last year, analysts said on Thursday. The contribution of local sales in the overall sales mix continues to increase with the domestic dispatches up 5.8 per cent to 2.09Mt, while exports were 0.86Mt, down by 9.7 per cent, they said. “Interestingly, exports in India have soared to 0.09Mt, highest exports since May 2008 from 0.043Mt, however, the biggest export market continues to be Afghan... |
Indian utilisation expected to decline further to 75% in FY1211 November 2011, Published under Cement NewsAll-India cement demand is expected to grow by 4.5% in FY12E against 4.4% in FY11 and 10.2% in FY10, according to analysts at ICICIdirect. Cement demand has been subdued during the year and grew by 3.9% YoY in April-September 2011 as the consumption from the housing and infrastructure segments remained sluggish on account of key issues like rising cost of capital, land acquisition and clearances and unavailability of key raw materials like coal to the manufacturing industry. For the remain... |
Wagners opens new Brisbane bagging facility, Australia10 November 2011, Published under Cement NewsWagners has opened a state-of-the-art cement bagging plant as an extension to its cement grinding plant at Pinkenba, Brisbane. The family patriarch, 76-year-old Henry Wagner, who still runs the family’s pastoral interests, officially opened the bagging facility to 300 industry guests. Wagners built the large-scale cement grinding plant at Pinkenba two years ago. Managing Director Denis Wagner says the extension will allow for further opportunities both here in Queensland and interstat... |
High input costs push up Nepal prices10 November 2011, Published under Cement NewsPrices of major construction materials like cement and steel continue to increase in Nepal despite low demand in the market. Cement has become dearer by NPR50-60/50kg bag depending on the brand. At present, cement is available in range of NPR550-710/bag. Dhurba Thapa, vice-president of Cement Manufacturer´s Association of Nepal, said price of cement is increasing despite falling demand in the market due to rise in prices of raw materials and high transportation costs. |