Cement News tagged under: international
South Africa’s May sales decline10 June 2011, Published under Cement NewsRecent data from the Cement and Concrete Institute of South Africa shows that sales for May 2011 totalled 912,585t compared to 939,318t in 2010, representing a fall of -2.8%. Average daily sales were 45,629t in May, against 44,729t in 2010 (+2 per cent). May 2011 had one less selling day than May last year. Year to-date sales stand at 4.2Mt, down 2.1 per cent YoY. The moving annual total (12 months to May 2011) was 10.8Mt against 11.3Mt, representing a YoY YoY contraction of 4.8 per cent. |
Riyadh Cement may merge with Saudi White Cement10 June 2011, Published under Cement NewsRiyadh Cement Company (RCC) may merge with Saudi White Cement Company, according to reports by the Al Riyadh daily. Both the companies are based in Saudi Arabia. |
Anhui Conch Cement fully acquires Yunnan cement company09 June 2011, Published under Cement NewsAnhui Conch Cement Co recently acquired a 100% stake in Yunnan Zhuangxiang Cement Co Ltd for CNY50m, sources reported. In addition, the company plans to build a dry-process clinker line with a capacity of 2000tpd. |
Dangote improves transport fleet09 June 2011, Published under Cement NewsThe Dangote Group has recently acquired 5000 new trucks for the distribution of Dangote Cement. Chairman, Alhaji Aliko Dangote, explained: Dangote Cement is already taking delivery of 5000 trucks and 100 brand new bulk cement tankers to improve its distribution network across the nation," he said. The new trucks and bulk cement tankers which will be deplored for the haulage of cement from its factories and various bagging plants, is expected to significantly reduce the time lag between p... |
Cemex to cut workforce by 6%09 June 2011, Published under Cement NewsCemex’s proposed 6% reduction of its workforce will have a "solid" effect on the company’s recovery, Carlos Hermosillo, a sector analyst with Grupo Financiero Banorte, told BNamericas. Cemex will reduce its global workforce by 6% as part of a global restructuring program announced in April, Reuters reported. While the cement firm has not revealed the exact saving to be generated by the redundancies, the staff reduction is a "significant part of the company’s plan to increase its operating ... |
Martin Engineering finalises new plans for larger China facility09 June 2011, Published under Cement NewsMartin Engineering announces final plans for a new 10,000m2 facility in Kunshan, which is in the Jiangsu Province of China. Scheduled to open in late 2011, the new building will house 8,000m2 of manufacturing and warehouse operations and 2,000m2 of office space, making it eight times larger than the company’s existing space. When construction is completed on the recently-purchased 16,000m2 property, the site will produce a variety of systems used to improve efficiency and reduce fugitiv... |
Aditya Birla eyeing investment opportunities in Paraguay09 June 2011, Published under Cement NewsParaguay’s finance ministry has met with representatives of India’s Aditya Birla Group to discuss investment opportunities in Paraguay in areas such as cement, pulp and aluminium, the ministry said in a release. The group was looking for information regarding the state of the country’s cement industry, forestation projects and Montreal-based aluminum company Rio Tinto Alcan’s US$3.5bn aluminium plant project. The South American country has the necessary conditions to attract foreign invest... |
South African cement prices set to rise09 June 2011, Published under Cement NewsSouth African cement prices are set to increase next month despite the continued severe slump in building activity and lower sales volumes. AfriSam said yesterday: “In an effort to shield the consumer and absorb the cost increases as far as possible, AfriSam is looking at increasing its cement prices in July 2011 by between six and eight per cent.” Lafarge South Africa also confirmed it had sent letters to customers advising them of an increase from mid-July, which would vary between reg... |
UAE not to intervene in pricing situation09 June 2011, Published under Cement NewsThe UAE will not heed calls by dealers to intervene in stopping a decline in cement prices on the grounds they must be determined by the market, a senior economy official said in remarks published on Thursday. Mohammed Al Shehi, ministry of economy undersecretary, said the ministry would intervene only in case of manipulations or other illegal practices that will harm the interests of dealers and consumers. Shehi, quoted by the Dubai-based Arabic language daily Emirat Alyoum, was reacting ... |
Syria’s Al Badia Cement to cut capital due to unrest09 June 2011, Published under Cement NewsAl Badia Cement JSC, a Syrian affiliate of Italcementi SpA and Saudi Arabia’s Al Muhaidib Group, will reduce its capital by 20 per cent to limit losses because of violence in the country, Chief Executive Officer, Khaled Al Sawaf said. Al Badia, which started production about two months ago, will lower its capital to SYP9.76bn (US$205.3m), Sawaf said today. In March, before the outbreak of unrest, the company said that it had halted construction of a second production line because of redu... |