Cement News tagged under: international
Sagar Cement margins under pressure, India15 July 2011, Published under Cement NewsSagar Cements Ltd, the Hyderabad-based mid-sized cement manufacturer that is setting up a 5.5Mt cement plant with French major Vicat, sees margins under pressure on rising input costs and weakening demand. The company is also wary of excess capacities in the sector leading to a glut situation. S Sreekanth Reddy, executive director of the company said, "The average fuel cost per tonne of clinker production went up to INR801 a tonne from INR655 last year primarily due to rise in coal costs. ... |
Gresik targets 19.6Mt of production in 201115 July 2011, Published under Cement NewsPT Semen Gresik is targeting producing up to 19.6Mt of cement this year, up nine per cent from last year’s production of 18Mt. "We will try to maintain our market stable at around 41 per cent," the company’s investor relations official, Agung Wiharto, here on Thursday. Wiharto said until the first semester of 2011 Semen Gresik’s production had risen by 9.4 per cent to 9.2Mt while its market share dropped from 42 per cent to 40 per cent. Wiharto said the drop in the market share was caused... |
PPC expects positive sales growth in 2H15 July 2011, Published under Cement NewsSouth Africa’s cement industry was beginning to show some signs of a possible recovery, with recent industry sales figures showing that the rate of contraction was slowing, Pretoria Portland Cement (PPC) said on Thursday, adding that it was still forecasting a growth in sales for the second half of 2011. But executive for corporate strategy and communications Kevin Odendaal said the difficult business environment in South Africa’s construction and building sectors continued to place strain ... |
Rajasthan cement firms to pay 24% interest as royalty, India15 July 2011, Published under Cement NewsThe Supreme Court has directed the six cement producers of Rajasthan to pay 24% interest to the state government as royalty due on lime stone from 1996 onwards. The cement producers are: JK Synthetic, Birla Corporation , JK Udaipur Udyog , JK Corporation and Shree Cement . A three-member bench of headed by justice R V Raveendran partly allowed the plea of the state government, challenging orders of the Rajasthan high court which had set aside its direction and fixed 12% as interest rate. ... |
RAK Cement sees further losses in second-quarter 201115 July 2011, Published under Cement NewsRAK Cement increased its losses for the second quarter and first half of this year against 2010. Cement prices declined since the previous year to offset the strong production and sales volumes, the company stated to investors on the Abu Dhabi Securities Exchange today. It posted a loss of AED 5.2m for the second quarter, down on the AED 4.29m loss from the previous year, as sales fell 26% with a gross loss steady at AED 3.1m. Over six months, the company’s revenue fell 25% from AED 129.2... |
Vietnam producers rise ex-work prices14 July 2011, Published under Cement NewsVietnamese cement makers, comprising Ha Tien 1 (HT1), Ha Long, Fico, Cam Pha, Nghi Son, Thang Long and Holcim raised their ex-work cement prices by VND150,000/t (US$7.28) amid rejection of the Price Management Department. The growing prices of input including clinker, petroleum, coal, additives and transportation were mainly attributed to the cement price hike. This will be the third consecutive price increase since early this year with a combined increase of VND400,000/t. Vietnam’s cemen... |
Authorities extend operating permit for Holcim plant, Hungary14 July 2011, Published under Cement NewsHolcim’s permit to operate a cement factory in the Hungarian city of Labatlan has been extended by the authorities until 2016, the company said on Wednesday. |
Siam Cement urges govt to reconsider wage hike, Thailand14 July 2011, Published under Cement NewsSiam Cement Group expresses concern about Thailand’s competitiveness should the government raise the minimum wage. Siam Cement Group, or SCG, Managing Director Kalin Sarasin expressed his concern about the Pheu Thai government’s policy to increase the minimum wage for workers, saying that it would also result in an increase in the prices of construction materials as production costs would go up. He said the measure would decrease Thailand’s competitiveness in terms of export compared with ... |
Athi River sees Tanzanian prices coming down14 July 2011, Published under Cement NewsThe price of cement is likely to go down in the coming two years in view of the massive investment in the industry going on in Tanzania. According to the Managing Director of Athi River Mining (ARM), Pradeep Paunrana, the firm has started construction of two cement plants in the country. “We are constructing a 750,000t grinding plant in Dar es Salaam which will be commissioned at the end of this year,” he said. When completed, the plant is expected to increase cement production and stimul... |
Pakistan cement sales to remain stagnant in FY1214 July 2011, Published under Cement NewsPakistan cement sales growth is expected to remain subdued in the current fiscal year and improve by a mere six per cent in FY 2011-12 against last 10 years’ average growth of 14 per cent. Cement industry sources said the growth would primarily stem from generic economic growth with some additional demand coming from flood-affected areas for its reconstruction activities. Otherwise, owing to lack of fiscal space and subdued private sector construction activities, the cement dispatches are ... |