Cement News tagged under: international
Saudi Cement to buy 40% in Kuwait venture24 October 2011, Published under Cement NewsSaudi Cement Co, Saudi’s biggest cement supplier by volume, said the company has signed a memorandum of understanding yesterday with an undisclosed partner for a new cement company, Global Cement Company. The Saudi producer plans to buy a 40% stake, reflecting a investment of KWD800,000 (US$2.9m). The authorised capital of the company will be up to 100m at 100 Kuwaiti fils per share, with the paid-up capital of KWD2m. Saudi Cement Co is currently benefiting from a construction boom in Sa... |
Pakistan’s cement exports to India up 53.8%24 October 2011, Published under Cement NewsCement exports from Pakistan to India increased 53.8% to reach 0.16Mt in the first quarter of FY2012. The rise is attributed partly to an improvement in bilateral relations between the two countries. However, seaborne exports have fallen significantly by 24% QoQ to 0.85Mt while cement exports overall advanced by a mere 0.21% YoY. Producers have attributed the limited export volumes to a sharp increase in input costs, particularly energy and transportation costs. Power prices rose by 9% t... |
Brazilian talk of Cimpor takeover denied21 October 2011, Published under Cement NewsAE Brazil Newswire and Reuters reports that Camargo Corrêa denies talks to buy the rest of Cimpor. "There isn’t any change in the position of this company regarding Cimpor," Camargo Corrêa said in a statement. Meanwhile, a spokeswoman at Portugal’s CMVM market regulator said on Thursday, Portuguese cement maker Cimpor is unaware of any contacts between its Brazilian shareholders Camargo Corrêa and Votorantim to launch a takeover bid for Cimpor. "CMVM contacted Cimpor’s board which sa... |
India: Madhya Pradesh wants control on cement units21 October 2011, Published under Cement NewsCiting administrative reasons, the state’s labour department has proposed to bring existing and future cement manufacturing units functioning in Madhya Pradesh under the state government’s regulations. At present these units are governed by Central norms, which make state department’s tasks harder, especially during labour unrest cases. The state labour department officials recently moved this proposal at the 44th session of standing labour committee meeting in New Delhi. A delegation of la... |
Thailand: supply crunch and floods force SCG to close units21 October 2011, Published under Cement NewsSiam Cement Group (SCG), Thailand’s top industrial conglomerate, says its building-materials and paper plants have begun shutting down due to logistics problems and raw material shortages. The closures are in addition to those at some flood-hit joint ventures in Pathum Thani and Ayutthaya. Production at Siam Cement (Ta Luang) in Saraburi province has been suspended since 12 October, while Siam Fibre-Cement Co at the same location and the fibre-cement roof producer Fibre-Cement Products (Lam... |
India: main cement makers prepared for coal shortage20 October 2011, Published under Cement NewsLarge Indian cement companies will not be too badly affected by the coal shortage in the country. Deep pockets, good cash flows, coal stocks and the ability to pass on the costs to consumers have kept cement makers at ease. In an industry where 60 per cent of the market share is dominated by big players like Holcim, UltraTech, Jaiprakash Associates, Shree and India Cements, it is only the mid-sized and smaller players that would be at the receiving end, if the prices increase further. Shre... |
Thai Siam Cement halts several plants after floods20 October 2011, Published under Cement NewsSiam Cement PCL, Thailand’s largest industrial conglomerate by sales, expects the sales volume of its building material products in the fourth quarter to be hurt by the severe flooding across the country, company president and chief executive Kan Trakulhoon said Thursday. Sales volume is likely to continue to grow in the third quarter, before declining in the last three months of the year due to the floods, Kan told reporters. He didn’t say whether the base for comparison was the previous q... |
Indonesia’s cement sales in Sept rise 52% YoY20 October 2011, Published under Cement NewsIndonesia’s cement sales, an indicator of economic growth in Southeast Asia’s largest economy, rose 52% in September from a year ago due to increasing property and infrastructure building, an industry official said on Wednesday. Cement sales volumes reached 3.8Mts, from 2.5Mt in the same month last year, Urip Trimuryono, chairman of the Indonesian Cement Association told Reuters. Sales in August had dipped 0.3% YoY, due to slower activity during the Ramadan and Eid al-Fitr holiday. Trimur... |
USA: Fredonia cement plant to close its doors20 October 2011, Published under Cement NewsAfter more than 100 years in operation a Fredonia cement plant in Kasnsas, USA announces it’s closing. In March Lafarge Cement plant will close its doors for good. The plant has 73 employees. Mark Metcalf has been the environmental coordinator for the plant for the last three years. He and the other employees can apply for positions at other Lafarge plants, but there are not enough open jobs to place all the Fredonia plant workers. "Right now I don’t think it has really sunk in too much ... |
Indonesia: Semen Gresik revenue up 12%20 October 2011, Published under Cement NewsState cement producer PT Semen Gresik Tbk. recorded a 10 to 12% increase in total revenue in the first nine months of this year compared to the same period last year, a top executive said on Wednesday. Semen Gresik president director Dwi Soetjipto, before the company’s extraordinary shareholders general meeting, declined to give exact figure, saying it would be announced next week. The firm recorded revenues of IDR10.29trn (US$1.16bn) in the first three quarters of 2010. A 10-12% incr... |