Cement News tagged under: international
Local producers warn of Saudi black market27 June 2011, Published under Cement NewsWestern and southern regions of Saudi Arabia are witnessing sharp rises in bagged cement prices and the emergence of a black market, Saudi-based Al Riyadh daily reports Saturday, citing local cement producers. The imbalance between supply and demand is likely to continue in some areas due to the fact that a number of cement producers have very low inventories, the paper quotes Ahmad Zugail, chief executive of Najran Cement Co, as saying. Zamil Al Mokrin, general manager of Eastern Provin... |
East African Portland Cement requests state, Kenya27 June 2011, Published under Cement NewsEast African Portland Cement Company (EAPCC) is asking the government to reduce its stake in the firm to below half in a move that will remove state restrictions on its operations in Kenya’s competitive cement market. The cement maker says its compliance with state rules, especially on procurement, was blunting its competitive edge at a time when its rivals like Bamburi Cement and Athi River Mining (ARM) are not shackled by bureaucratic regulations, allowing them to make decisions fast. Th... |
Angola bans cement from Namibia27 June 2011, Published under Cement NewsAngola has barred all cement exports from Namibia as of last Monday evening. A representative from Namibia’s Chamber of Commerce and Industry (NCCI) called the decision by the Angolan government "a step backward in Southern Africa Development Community (SADC)’s push for regional integration". Angola is to take over the chairmanship of SADC from Namibia in August. New Era can confirm that about 20 long-haul trucks loaded with cement were not allowed to enter Angola - even though customers i... |
Alexandria Portland Cement approves loan for unit, Egypt27 June 2011, Published under Cement NewsAlexandria Portland Cement Co said its board of directors has approved a EGP400m (US$67m) loan to its subsidiary Beni Suef Cement Co. The loan will have a six-month term at an interest of the average monthly bank deposit rate plus 0.5 per cent, APCC said in a filing to the Egyptian bourse today. The lender will have the right "to claim the full or partial repayment of the loan by notifying the borrower five days in advance," the company said. |
Taiheiyo Cement’s Vietnam operating profit seen rising 50%27 June 2011, Published under Cement NewsTaiheiyo Cement Corp’s operating profit in Vietnam is expected to increase 50% on the year to slightly more than JPY2bn (US$24.8m) for the year ending in March 2012. A second kiln installed at the end of last fiscal year at Taiheiyo’s Vietnam factory will contribute to earnings throughout this fiscal year. The firm’s sales in Vietnam will likely soar 60% to around JPY16bn, with cement sales expected to double to 4.35Mt. The company assumes that the dong will plunge 15% on the year to the ... |
German housing sector gains ground in 201027 June 2011, Published under Cement NewsNew orders and completions in the German housing sector in 2010 show that, after years of decline, the segment has apparently turned a corner. However, non-residential construction and also investments in industry, commerce and service, as well as public contractors have not returned to pre-crisis levels but once again witnessed slight losses. Current indicators show that an upward trend is underway in 2011, according to key findings and current estimates of the Federal Association of Ger... |
Ukraine May 2011 production falls27 June 2011, Published under Cement NewsCement production in Ukraine in May 2011 fell by 7.3 per cent to 1.06Mt compared to the same month of the previous year, according to the State Statistics Committee. This is in contrast to April 2011 where production grew 8.2 per cent YoY. For the first five months of 2011, cement production was 3.24Mt, up 10.7% in the same period of 2010. Last year production was down 0.4% compared to 2009 to 9.46Mt. |
HeidelbergCement plans Kazakhstan plant opening in 201327 June 2011, Published under Cement NewsHeidelbergCement plans to start production at a EUR200m cement plant in Kazakhstan in 2013, the Central Asian nation’s Industry Ministry said. The plant will produce 1Mta of cement, board member Andreas Kern told Deputy Prime Minister Aset Isekeshev during a meeting today, the Astana-based ministry said. Located in the western region of Mangistau, the plant may double capacity in the future, it added. |
Cemex German unit celebrates 100th anniversary26 June 2011, Published under Cement NewsCemex has celebrated the 100th anniversary of its Kollenbach works, Beckum Germany on Friday 24 June 2011. A special ceremony to mark the occasion was attended by works manager Manfred Becke, MP Sendker Reinhold, CEO of Cemex WestZement Henning Weber and President of Cemex Deutschland Eric Wittmann as well as Mayor of Beckum Dr. Karl-Uwe Strothmann. |
Chinese firm invests at home and away24 June 2011, Published under Cement NewsHenan Tongli Cement intends to raise CNY804m (US$124m) to fund two cement lines in Yima city, Henan province, China and also in Mozambique. The remaining funds will repay bank loans. |