Cement News tagged under: international
Ethiopian to double capacity amid construction boom23 May 2011, Published under Cement NewsEthiopia will more than double its capacity after a new factory and two enlarged plants begin production later this year amid a building boom in the country, a government official said. The increase is expected to help end the need for imports by as early as next year, according to Shimeles Wolde, head of the Chemical and Allied Industries Directorate in the Industry Ministry. In recent years, Ethiopia imported about 1Mta of cement to meet demand of about 8Mt, Shimeles said in an interview... |
Pakistan cement exports decline on YoY23 May 2011, Published under Cement NewsPakistan exported 933.709t of cement and earned US$39.798m in April 2011 compared to 1.573Mt at US$43.005m in March 2011. This reflects a decline of 40.65 per cent and 7.46 per cent in terms of quantity and value in dollar respectively on month-on-month basis, according to data released by Pakistan’s Federal Bureau of Statistics. Compared to April 2010 data, (1.316Mt at US$40.834m) volumes were down 29.08 and 2.54 per cent in terms of quantity and value in dollar over same month last year, ... |
CSN to acquire Cementos Balbao, Spain23 May 2011, Published under Cement NewsBrazilian steelmaker Companhia Siderurgica Nacional (CSN), said it agreed to acquire cement producer Cementos Balboa SA and four long steel producers in Spain and Germany from Spain’s Grupo Alfonso Gallardo SLU for EUR543m. CSN and Alfonso Gallardo first announced they were in talks on the acquisition in December. CSN will also take on debts worth about EUR403m as part of the transaction, CSN said in a statement posted on its website. The acquisition forms part of CSN’s strategy to incr... |
South African Court Bans Lucky Cement Imports23 May 2011, Published under Cement NewsThree South African businesses were banned from importing cement produced by Pakistan’s Lucky Cement while courts investigate whether the product meets regulatory strength standards, Fin24 reported, citing court documents. Newcastle Steel Works, Alpine Trading and Certosa Trading 128, the affected companies, are opposing the ban, the Johannesburg-based news website said. |
Venezuelan cement sees slight recovery23 May 2011, Published under Cement NewsVenezuela’s state-owned cement companies reported a slight increase in sales during the first quarter of 2011. Within the three months under review, sales rose 1.7% to 1.7Mta. Regarding the distribution of output, the government has established an arrangement in which Cementos Venezuela production is allocated to large infrastructure projects while cement leaving Fábrica Nacional de Cemento and Invecem is distributed to housing projects and other public works. However, the operating envi... |
AfriSam resumes plans for Cape West Coast plant, South Africa23 May 2011, Published under Cement NewsSouth African cement manufacturer AfriSam said on Friday that it is to resume planning for an integrated cement plant in the Saldanha region on the Cape West Coast, to avoid shortages in upcoming years. AfriSam CEO, Stephan Olivier noted that per capita cement consumption in the Western Cape was relatively low. “With continued population growth and the need for housing and infrastructure, there are indications that the local market will benefit from the presence of an additional cement s... |
SK Gupta to be the next Dir Finance CCIL22 May 2011, Published under Cement NewsThe Public Enterprises Selection Board has recommended the name of SK Gupta for the post of Director (Finance), Cement Corporation of India Limited (CCIL). Gupta is presently the Director (Finance) Instrumentation Limited, Kota. |
TPI Polene: upgrade to Buy on improved outlook20 May 2011, Published under Cement NewsThailand-based TPI Polene posted better than expected 1Q11 earnings due mainly to higher margins for its Low Density Polyethylene (LDPE) business. Profit forecasts were revised up to reflect this factor as well as the improved industry outlook. TISCO Securities have upgraded its rating from Hold to Buy with a new target price of Bt15.60. TPIPL booked a normalised 1Q11 profit of Bt1.03bn, up 107% YoY and 65% QoQ. Its strong result was mainly due to its gross margin widening to 32.3% from 19.... |
CeMAP calls for adoption of global standard testing20 May 2011, Published under Cement NewsThe Philippine Cement Manufacturers Association (CeMAP) has called for the adoption of global standards in testing of cement to ensure high quality products are being sold in the domestic market. Cement Manufacturers Association of the Philippines (CeMAP) President Dr. Ernesto M. Ordonez pointed out that “there is a need for continuing proficiency testing for cement testing laboratories to guarantee that the quality of cement is tested correctly so that no substandard cement enters the Phil... |
Angola plans to double output by 201320 May 2011, Published under Cement NewsAngola plans to more than double cement production by 2013 in order to be self-sufficient in the material, Industrial Association of Angola Chairman Jose Severino said. Angola plans to renovate old plants and build new ones in different parts of the nation to raise output to as much as 7.5Mt in two years, he said in an interview. The country currently produces 3.5Mta, or half of its needs, he said. The southeast African nation, which is reconstructing its infrastructure destroyed during ... |