Cement News tagged under: international
S’tomo Osaka Cement to revamp output, logistics ops20 July 2011, Published under Cement NewsSumitomo Osaka Cement Co will overhaul its production and distribution operations in response to declining domestic demand. As domestic cement demand declines due to fewer public works projects, the company aims to restructure its operations so it can turn a profit even if the market shrinks to 40Mta, only 60% of its size in 2001. The company will scrap a line in Sano, Tochigi Prefecture, by March. The two kiln lines at the Tochigi plant have a combined capacity of about 1.05Mta. The one ca... |
India June output falls20 July 2011, Published under Cement NewsCement production in June declined 1.3% on month to 13.89Mt, which is a six-month low. In May, production was at 14.08Mt. Cement production has been on the decline since April. Typically, demand slips during the monsoons. A sluggish cement output will only add to the woes of slowing economic growth. In May, growth in eight infrastructure industries slowed to 5.3% from 7.4% a year ago. |
PCA downgrades its forecasts for 201220 July 2011, Published under Cement NewsThe US Portland Cement Association (PCA) has just reduced its forecasts for US cement consumption to relatively unchanged levels for 2011E and 2012E on the back of consistent slowdown in economic growth and weakness in each of the key construction sectors. The PCA now expects cement consumption in the US to show only minor gains in 2012 up just 0.4% compared to an earlier +4% uplift – a situation based on continuing uncertainties over the US highways bill and generally poor economic prosp... |
Dungsam plant expected to go on-stream in Jan 2012, Bhutan20 July 2011, Published under Cement NewsDungsam Cement Corporation Ltd’s cement project, which is being established in Nganglam, southeastern Bhutan is said to be progressing well and is expected to go on-stream by January 2012. The facility will have capacity to manufacture 1.36Mta cement and 1Mta of clinker. |
Taiwan Cement’s China earnings rise seven-fold19 July 2011, Published under Cement NewsTaiwan Cement Corp., Taiwan’s largest producer of cement, recently announced CNY896m (US$138.5m), in earnings from operations in China in the first half, up seven times YoY, to which the maker attributes higher product prices and successful capacity expansions in the first half. Taiwan Cement’s subsidiary in China – TCC International Holding Ltd. – registered CNY280m and CNY616m in earnings in the first and second quarters, respectively. Some NT$1.553 of Taiwan Cement’s total... |
UBS remains positive on China cement sector19 July 2011, Published under Cement NewsThe decline in cement prices in some regions of China over the past week is due mainly to pressure from newly added capacity, UBS says in a report. It notes the government’s announcement it will extend property-sector tightening further, to some Tier-two and Tier-three cities has hurt sentiment for the cement industry, especially in the H-share market. But the house expects the impact of the extended restrictions is likely to be weaker than in Tier-one cities as the real living condition,... |
Outlook for global building materials sector19 July 2011, Published under Cement NewsThe outlook for the global building materials industry remains varied with strong growth in most emerging markets, a likely recovery in West European and Australian markets and a challenging outlook in the US and some North African markets. Pricing also remains a key issue in most markets, according to an informative new report from JP Morgan Cazenove. The analysts remain cautious on exposure to US construction spending. Growing macro-economic concerns, a depressed housing market, little in... |
Indian producers likely to face margin pressures19 July 2011, Published under Cement NewsAfter enjoying a peak pricing power in March, cement companies are likely to face margin pressure in the April-June quarter, due to a combination of weak cement prices and sluggish demand because of the monsoons. Cement prices have already fallen to INR 266/bag from INR 276 in March and profits of leading companies likeACC, Ambuja and UltraTech could weaken further in the coming quarters if demand does not pick up, say analysts. In addition, margins will also be impacted by higher interest ... |
Holcim’s investments in Serbia19 July 2011, Published under Cement NewsSince the launch of operations in Serbia in 2002, Holcim Serbia has invested more than EUR100 million. In addition to investments in the production and technology, significant funds have been invested in the living environment and the local community. So far, more than EUR10m has been allocated for various projects focused on environmental protection and preservation. One of major assets of Holcim are employees, and around EUR400,000 is invested annually in their education and professional... |
Lafarge India bags FICCI safety award18 July 2011, Published under Cement NewsLafarge India has been awarded the first FICCI Safety Excellence Award for Manufacturing in the large scale units’ category for the Sonadih cement plant in Jharkhand. Lafarge was selected from over 200 companies which participated in the evaluation. The award was today handed over by the Union Minister for Labour and Employment, Mr Mallikarjun M. Kharge, to the CEO & Managing Director of Lafarge, Mr Uday Khanna. |