Cement News tagged under: international
Indonesia’s Oct cement sales rise 21.8% YoY10 November 2011, Published under Cement NewsIndonesia’s cement sales rose 21.8 percent in October from a year ago, a slower pace than September, data from the Indonesian Cement Association (ASI) showed on Thursday. Sales in October were 4.7Mt, compared to 3.8Mt a year ago, due to the increased development of infrastructure and property, Urip Trimuryono, the chairman of the association, told Reuters. Sept cement sales grew at 52 per cent YoY, after falling 0.3 per cent in August YoY. Trimuryono said the association has cut its sales... |
FLSmidth lowers 2011 world cement capacity outlook10 November 2011, Published under Cement NewsFLSmidth on Thursday cut its full-year 2011 expectation for world cement capacity growth and narrowed its revenue outlook slightly towards the upper end of an earlier range. FLSmidth reported a fall in third-quarter operating profit hurt by weaker profit and sales in its cement division, but helped by higher profits and sales in its minerals machinery business. The group said it now expects the cement market in 2011 to grow by about 55Mt of new contracted cement kiln capacity worldwide, e... |
Italcementi says French unit merger long-term plan09 November 2011, Published under Cement NewsItalcementi will not pursue a merger with its French unit Ciments Francais in the near-term, but has not abandoned tie-up plans, its managing director Giovanni Ferrario was cited by Reuters as saying. Italcementi, which has so far built an 83.2% in the French cement company, has to make the valuations before proceeding with a merger, Ferrario said. In the meantime, it will go on adding to its Ciments Francais stake based on available funds and the unit’s share price on the market, the exec... |
Pokot project on track, Kenya09 November 2011, Published under Cement NewsConstruction of the new Pokot cement works, being built by the Sanghi Cement group, will be completed in two years. The company said it is on course with all processes and that the project would take off as planned. Cemtech said it is currently importing materials from China and India. South Africa will provide a captive power plant for the project. The plant is expected to produce 1.2Mta of cement. |
PPC aims for sales beyond South Africa to rise to 50%09 November 2011, Published under Cement NewsPretoria Portland Cement Co (PPC) said it’s aiming to increase sales from the rest of the continent to 50 per cent in the next five years. The contribution from Africa, excluding South Africa, has doubled in the past two years to about 20 percent, Chief Executive Officer Paul Stuiver said in an interview with Bloomberg. The Johannesburg-based company plans to boost the proportion to 50 per cent by 2016, he said. PPC is seeking expansion in new markets on the rest of the continent as growth... |
Qatar cement demand forecast to rise09 November 2011, Published under Cement NewsThe average demand for cement in Qatar is estimated at 4.8Mta in 2012-17, which is higher than the current level, according to a Global Investment House report. “Estimates of the demand for 2012 provided by government authorities to the companies in Qatar are higher than the current demand of 3.5-4Mta,” the investment house said in its latest quarterly report on the GCC (Gulf Co-operation Council) cement sector. Estimating the average demand for cement at 4.8Mta in 2012-17, it said as a ... |
Indian cement prices may be set for further rises09 November 2011, Published under Cement NewsCement prices in India, which have been rising since September after a sluggish run during monsoon, may increase by another INR10/50kg bag across India barring southern region, as manufacturers exercise production discipline and reduce utilisation levels, according to industry insiders. Cement prices in the northern and the western regions have increased by INR5 to INR10/50kg bag this month. The wholesale prices in the northern region are now close to INR280-290/bag while for the western re... |
Madras Cements benefits from higher realisations08 November 2011, Published under Cement NewsStrong realisations boosted profit at Madras Cements Ltd in the three months ended September. In spite of the 9% YoY dip in cement despatches, revenue rose 27% to INR825.7 crore. The reason was that cement prices held out in southern India, despite volumes falling due to sluggish government activity and the festive season towards the end of the quarter. The key positive was that net average realisations (blended) jumped by about 49% from the year-ago period, although they fell marginally ag... |
Ahangarancement produces 1.3Mt of cement, Jan-Sept08 November 2011, Published under Cement NewsAhangarancement open joint stock company, part of Eurocement Group (Russia) produced 1.3Mt of cement in January-September 2011, the Russian company said. Clinker output for the period was 1Mt. Dispatches reached 1.31Mt of cement, of which 271,000t were exported. The export volume grew by 16,500 YoY. |
Vietnam 10 month consumption at 39.1Mt in Jan-Oct08 November 2011, Published under Cement NewsVietnam’s cement consumption stood at 39.1Mt in the first 10 months of this year, fulfilling 71% of the sector’s whole-year target. In October, the country’s cement consumption fell to 3.54Mt due to the rainy season in the second quarter and a slowdown in the real estate market, the Ministry of Construction said on its website. The Southeast Asian nation cement production stood at 3.63Mt in October, raising the country’s total production in the 10-month period to 39.4Mt, meeting 72.3% of t... |