Cement News tagged under: international
Cameroon to start 0.5Mta factory05 September 2011, Published under Cement NewsA cement factory in Cameroon’s port city of Douala will start production in four months, with an expected annual output of 500,000t, state-owned CRTV reported today, citing Trade Minister Luc Magloire Mbarga Atangana. Cement production in the central African nation is currently 1.6Mt, which falls short of demand by about 400,000t, CRTV reported |
Tanzania Portland Cement 1H net up 43%05 September 2011, Published under Cement NewsTanzania Portland Cement, a unit of HeidelbergCement, said first-half net profit rose 43 per cent and forecast higher sales for the rest of 2011 thanks to a construction boom in east Africa’s second-largest economy and improved efficiency. Tanzania’s biggest cement maker posted a net profit of TZS28.59bn (US$17.6m), up from TZS19.97bn a year ago. "The net profit increased by 43 per cent, mainly due to increased volume coupled with better production efficiency," the company’s chairman, Jean... |
Post war construction boom faces cement shortage in Sri Lanka02 September 2011, Published under Cement NewsIncreased demand from a booming construction industry in post war Sri Lanka has resulted in a severe cement shortage in the country. Projects are in danger of slowing down as private sector and the Sri Lankan government struggle to fill cement shortages in the country’s industry. Last month the government ordered imports to offset the shortage but the cement is yet to be released into the market after the Sri Lanka Standards Institution (SLSI) pronounced them to be of inferior quality. T... |
Exane downgrades Italcementi, Buzzi Unicem on weak Italian demand02 September 2011, Published under Cement NewsIn a report on the construction sector, Exane BNP Paribas lowered Wednesday the ratings and price targets on Italian cement makers Italcementi and Buzzi Unicem due to expected weak demand in Italy. The French broker downgraded Italcementi’s recommendation to "underperform" from "outperform", slashing the price target to EUR 3.50 from EUR 7.50, and lowered Buzzi Unicem’s rating to "underperform" from "neutral" with the price target revised down to EUR 4.50 from EUR 9.00. For Buzzi Unicem, E... |
Indonesian construction sector to expand 5% in 2H1102 September 2011, Published under Cement NewsThe Indonesian Construction Association (AKI) is upbeat that the construction sector will grow more than five per cent and contribute more than 10 per cent to the economy in the second half of this year. AKI chairman Sudarto said that the growth would be driven mainly by construction projects in the private sector, such as apartments and malls, which would comprise around 65 per cent of the total construction projects in the country. “The growth in the private sector will be good, but w... |
UK construction orders at lowest level since 198002 September 2011, Published under Cement NewsOrders for new construction work in the UK fell dramatically in the second quarter of the year and are now at a level not seen since 1980. Orders fell by over 16% compared with an already low figure in quarter one and are over 23% down on the same quarter in 2010. Commenting on the figures, Construction Products Association Chief Executive Michael Ankers said: ‘This is an alarming set of figures at a time when the economy is already slowing and the construction industry is seen as having a ... |
ACC August cement production up 20.5%02 September 2011, Published under Cement NewsACC Ltd, one of the two quoted Indian subsidiaries of Holcim, in which it holds 50.10% of the equity, increased cement production in August by 20.5% to 1.88Mt and despatches rose by 19.8% to 1.88Mt. The cummulative increase for the eight months was a 14.5% advance in production to 16.09Mt and corresponding rise in despatches was 14.7% to 16.06Mt. |
Jaiprakash August shipments rise 21% YoY01 September 2011, Published under Cement NewsIndia’s Jaiprakash Associates said in a statement on Thursday its cement shipments in August rose 21 per cent from a year earlier to 1.32Mt. The engineering and construction firm, which also has interests in hospitality and power, operates capacity to produce 21.3Mta of cement. |
Hills Group to acquire Cemex ready-mix operations, UK01 September 2011, Published under Cement NewsThe Hills Group, Ltd., a UK-based provider of waste management services, has entered into an agreement to acquire the Newbury ready-mix concrete operations from Cemex. The acquisition will allow Hills Group to strengthen its market presence in the west Berkshire, north Hampshire and south Oxfordshire areas. |
Tunisian cement shortage being addressed01 September 2011, Published under Cement NewsTunisian cement producers Ciments de Bizerte among other firms, will import 200,000t of cement to supply the local market which is currently shortages and is being sold in the black market at high prices. Ciments de Bizerte has already launched an international tender to import the quantity. The state-owned company, produces 0.9Mt of clinker which is expected to reach 1.35Mt after the completion of its expansion project. |