Cement News tagged under: international
HeidelbergCement domestic business doing "very well"31 May 2011, Published under Cement NewsHeidelbergCement AG Chief Executive Officer Bernd Scheifele said the company’s German business is “going very well,” Deutsche-Presse Agentur said, citing an interview with the manager. HeidelbergCement is selling every ton of cement it can and ready-mix concrete is showing double-digit growth rates, the German newswire cited Scheifele as saying. The company expects strong growth from China and India in coming years, while “no big impulses” are expected from the US market, the CEO told the n... |
German demand seen rising 6% in 201131 May 2011, Published under Cement NewsThe German cement sector expects to register in increase in domestic consumption this year boosted by improvement in the economy and demand for construction services. According to the German cement industry federation, BDZ, demand is expected to increase by nearly six per cent to 26Mt from 24.6Mt recorded last year. According to president of the BDZ, Andreas Kern, the industry will also benefit from weather-related improvements compared to 2010. For the first four months of the curren... |
TCC to buy limestone quarries to reduce costs30 May 2011, Published under Cement NewsTCC International Holdings said it has agreed to acquire the entire equity interests in Guigang Chien Kuo Mining Co., Ltd., Jiangsu Chien Kuo Mining Industrial Co., Ltd. and Yingde Chien Kuo Mining Industrial Co., Ltd. at a total of HKD436m. By bringing the above three companies and their operations into the TCC International Group through the acquisition, the relevant subsidiaries will no longer have to outsource the limestone quarrying part of their production chain to third parties. The... |
BBMG China to acquire new plant30 May 2011, Published under Cement NewsBBMG Corp, a leading cement producer and property developer headquartered in Beijing, announced recently that it plans to buy a cement production line from a Henan Province-base cement producer for RMB350m, China Industry Daily reported. The production line is located in Shanxi Province and has a clinker capacity of 3000tpd. Following the deal, BBMG expects its annual cement production capacity to expand by 1.5Mta. |
Fauji Cement to profit from new dam30 May 2011, Published under Cement NewsThe construction of the Diamer Bhasha hydroelectric dam in Pakistan is expected to boost cement demand by up to 5Mta during its construction, with Fauji Cement likely to benefit the most. The Asian Development Bank (ADB) has confirmed that it is ready to lend US$4.5bn for the construction of the dam, which will play an essential role in enabling Pakistan to meet its future energy requirements and will also support general economic growth. Fauji Cement’s proximity to the dam and historical... |
ACC to expand Karnataka production base30 May 2011, Published under Cement NewsACC Ltd, India’s largest manufacturer of cement, plans to expand its capacity in Karnataka by setting up a 1Mta fly ash-based Portland Pozzolana unit in the coastal area. The company plans to invest INR280 crore (INR2800m) to set up the plant, its fifth in the state. “We have signed the (deal) with the state government and are working out the specific details like capacity, investment and land availability before going to the board for final approval,” N Iyer, Director, sales, south, told B... |
JK Lakshmi Cement to grow capacity to 10Mta – prices stable30 May 2011, Published under Cement NewsJK Lakshmi Cement remains on target to grow total cement capacity to 10Mta by 2012-13, up from a current level of 4.7Mta. "We stand by our earlier projection of 10Mta installed capacity by 2012-13," J K Lakshmi Cement Whole-Time Director Shailendra Chouksey told The Press Trust of India Ltd. The company is currently setting up a 0.55Mta grinding unit at Jhajhar in Rajasthan which will go on stream by the end of current year taking its installed cement making capacity to 5.3Mta. It is also... |
Dangote Cement’s shareholders approve assets transfer27 May 2011, Published under Cement NewsDangote Cement’s shareholders approved the transfer of the African assets of Dangote Industries Ltd. to the company at their annual general meeting today in the Nigerian capital, Abuja, the maker of the building material said in an e-mailed statement. The unified company, Dangote Cement, will operate in 13 African countries in addition to Nigeria, running plants and import terminals, according to the statement. “We believe that this will ultimately boost the company’s profitability and e... |
Nigeria cement price drops27 May 2011, Published under Cement NewsTen days after President Goodluck Jonathan gave cement manufacturers a 30-day ultimatum to reduce the price of cement, the price of the product has started coming down slowly. Findings revealed that the product which was sold for between NGN2700 and NGN3000 is now sold for between NGN1900 and NGN2100 in different parts of the country. A survey carried out in Lagos showed that the product was sold for between NGN1900 and NGN2000. In some parts of the Federal Capital Territory (FCT) and in M... |
MOF to provisionally anti-dump-tax cement from China27 May 2011, Published under Cement NewsTaiwan’s Ministry of Finance (MOF) will levy provisional anti-dumping taxes on cement from China with the single tax anticipated to rise by 50%. Taiwan Cement Manufacturers’ Association (TCMA) says the anti-dumping tax will help reduce damage to Taiwan’s cement industry, with domestic cement prices to accurately reflect production costs to normalise prices. Major cement makers as Taiwan Cement Corp. and Asia Cement Corp. will mainly benefit from the provisional anti-dump taxes. The MOF, s... |