Cement News tagged under: international
Vietnam cement output to meet domestic requirements18 October 2011, Published under Cement NewsSupply of cement will meet Vietnamese domestic market demand next year, according to the Ministry of Construction. Deputy Minister of Construction Nguyen Tran Nam said according to cement consumption figures this year, the ministry expected demand to reach 55-56.5Mt next year with domestic cement production hitting 70Mt. These projections included 19-19.5Mt from the Vietnam Cement Corporation, 17-17.5Mt from joint ventures and the remaining from other cement plants, Nam said. Next year, t... |
Coal diversion to hit India cement makers18 October 2011, Published under Cement NewsIndia’s cement makers will be hurt by Coal India’s decision to divert coal to fuel-starved power producers in October, forcing the cement companies to shift to high cost imported coal, says Emkay Global. Coal India has said it will offer the entire quota meant for electronic auction this month to power companies. Cement companies procure 20% of their coal requirement from e-auctions. The house notes, the landed price for the imported fuel stands increased due to the sharp depreciation in t... |
Birla Corporation takes steps to restart Chanderia unit, India18 October 2011, Published under Cement NewsFollowing an order by the High Court ordering the Birla Corporation to suspend limestone mining at the company’s Chanderia plant, the next date for a hearing has been fixed for 10 December 2011. In the mean time, although the production of clinker has stopped due to the suspension of mining, the company has made moves to procure limestone from nearby sources. Once the limestone stock reaches a reasonable level, kiln(s) will be reactivated in phases to produce clinker. Meanwhile, the compa... |
Industry appointment - Ciments Calcia appoints new head18 October 2011, Published under Cement NewsJean-Yves Le Dreff has been appointed Managing Director of Ciments Calcia, a French subsidiary of the Italcementi Group. He succeeds Bruno Carré, who will assume other functions abroad within the group. |
Spanish demand sees 46 consecutive month of decline18 October 2011, Published under Cement NewsSpanish cement consumption in September was 1.7Mt, down 19.8 per cent over the same month last year. This is the 46th consecutive month of decline and according to the Economic Studies department of Spanish cement association, Oficemen, a change in trend is not expected given the available official bidding and building permit data. After signs of a slow recovery in early 2011, the decline in consumption has become steeper over the last six months. In terms of production, clinker and cement ... |
JK Cement manager killed in road accident, India17 October 2011, Published under Cement NewsAn official of JK Cement factory in Kankaroli was killed in a road accident late Friday night, reports local press. Ranjit Singh served as manager in JK Cement factory in Kankaroli. He was riding on his bike when an unknown vehicle reportedly hit him that resulted in his death. The driver of the vehicle managed to flee away just after the accident, police said. "Our team rushed to the accident site and Ranjit was immediately sent to a nearby hospital. He succumbed to his injuries." |
Rail freight rise to put pressure on Indian cement companies17 October 2011, Published under Cement NewsHigher-than-expected increase in surcharge and cess by the Indian Railways would increase freight cost for cement companies, said two analysts tracking the sector. Indian railways raised its development surcharge on all goods traffic from Saturday from two to five per cent. "In the Annual Railway Budget, the railways had indicated that they would raise the surcharge by seven per cent and cess by two per cent. However, they have notified today that the increase is actually 13 per cent in sur... |
Tabuk Cement posts 9% increase in net profit, Saudi Arabia17 October 2011, Published under Cement NewsSaudi-based Tabuk Cement Company has posted a 9.37% net profit for the year to date. In a statement to the Tadawul, the company revealed that it had realised a net profit of US$29m (SAR108.85m) for the nine month period ending September 30, 2011 – a considerable jump over the US$26.53m (SAR99.52m) it made during the first nine months of 2010. Third quarter sales were up year on year to US$6.59 (SAR24.72m) from US$6.34 (SAR23.79), but down 42.40% on second quarter results. The company put ... |
HeidelbergCement Indian operations report 3Q loss17 October 2011, Published under Cement NewsHeidelberg Cement India has reported results for the third quarter ended September 30, 2011.The company reported a net loss of INR81.6m for the third quarter as compared to a net profit of INR28.2m for the period. Its total income increased by 19.02% to INR2.08bn for the quarter under review from INR 1.75bn for the similar quarter of the previous year. Speaking at a recent interview with CNBC-TV18, Ashish Guha, MD & CEO, Heidelberg Cements India, said it is unsure of when the sector is like... |
Indian capacity utilisation drops in 1HFY11-1217 October 2011, Published under Cement NewsWhile Indian cement companies have raised prices across the country in the last week saying the demand is likely to improve post monsoon, the fact is that industry’s average capacity utilisation across the country declined in the first six months of the current financial year. In other words, price rise was due to a fall in the production, reports Business Standard. Capacity utilisation has fallen when the industry has been adding new capacities. In the first half, however, cement productio... |