Cement News tagged under: international
Chinese company plans Central Java plant, Indonesia04 May 2011, Published under Cement NewsChinese cement maker China Triumph International Engineering Co Ltd (CTIEC) plans to build a cement factory with annual capacity of 2Mt in Grobogan, Central Java with total investment of US$350m, said industry minister M.S. Hidayat, adding the firm will invite local cement company Semen Grobogan Semarang as a partner. Source: Reuters |
Pakistan running at lowest utilisation in eight years – report04 May 2011, Published under Cement NewsWith capacity utilisation of cement industry at its lowest since 2003-04 at 74.86 per cent, the sector posted a decline in production of 8.71 per cent in the first 10 months of the current fiscal. Exports declined 12.99 per cent during the same period, according to data from the All Pakistan Cement Manufacturers Association. The country produced 25.72Mt of cement during July-April 2010-11 while local consumption stood at 18.06Mt, 6.76 per cent less than consumption during the correspondi... |
Bolivia calls for further imports to meet shortfall04 May 2011, Published under Cement NewsSo far this year, the growth of Bolivia’s construction sector has caused a cement supply deficit of 10 per cent. As a result, the government has imported 30,000t and is prepared to contract a further 60,000t. Commenting on the situation, Minister of Public Works and Housing Services, Wálter Delgadillo has said domestic production capacity: "does not cover the monthly growth of 10%", which at year-end "can be up to 20% - in the construction sector." According to data from the Bolivian In... |
Government and Bamburi cement sign land deal, Kenya03 May 2011, Published under Cement NewsThe Kenyan government has signed a lease with Bamburi Cement Company in which the company will donate a piece of land to the Tourism ministry through the Kenya Tourist Development Corporation for the construction of a conference centre in Mombasa. The planned construction of the 5000-capacity conference centre, which was mooted some time mid-last year, is part of the government’s plan to rebrand Mombasa as business tourism hub, a shift from the leisure tourist destination it currently is. ... |
Saudi ministry to probe cement price hikes03 May 2011, Published under Cement NewsSaudi Arabia’s Ministry of Commerce and Industry will begin an investigation into the recent rise in cement prices across the Kingdom, it announced in a statement on Sunday. The ministry will question the Kingdom’s factory representatives about why they have raised prices at a time when there is an estimated surplus of nine million tons of cement, the Saudi Gazette reported. Reasons for the price hike have been varied, with some producers claiming increased demand had forced them to start ... |
Peru: Cemex and Comacsa battle over white cement dumping03 May 2011, Published under Cement NewsWhite cement is the centre of a battle in Peru between Cemex and Peru’s own Comacsa. The at-port price established by the Indecopi entity for Tolteca, the brand Cemex has been importing into Peru, is US$94.11/t but the Mexican market price is US$300/t. The local firm took its grievances to the national commission in 2006 due to fears it would not prove successful but in 2007 an anti-dumping price of US$63/t was brought in. Cemex appealed, only for the local firm to win again, securing a defi... |
Cementos Lima posts first quarter net rise, Peru03 May 2011, Published under Cement NewsPeru’s biggest cement producer, Cementos Lima SA posted first quarter net income of PEN70.58 (US$25.21m), compared with PEN55.44m in the same quarter in the previous year. The increase was due mainly to higher cement sales which rose on house-building and private sector demand, the company said. Revenue totaled PEN279.16m, compared with PEN259.49m in the same period a year earlier. The company said cement production in the first quarter was 828,529t, up 1.6% from the same quarter a ye... |
Normal monsoon comes as welcome news to Indian producers03 May 2011, Published under Cement NewsIndian cement manufacturers, which are facing cost and over capacity pressures, have welcomed the Meteorological Department’s initial forecast of a normal monsoon this year which should allow the country to once again harvest bumper food and commercial crops. As cement producers are now experiencing better demand in the countryside in the wake of an all-time high in food grain production of 235.88Mt in the 2010-11 crop year, a follow-on good harvest will give a help drive demand for the con... |
Yanbu to resume lines after fuel shortages, Saudi Arabia03 May 2011, Published under Cement NewsYanbu Cement has resumed the operation of three kilns after a suspension cost the company SAR12.7m (US$3.4m). The three lines were stopped on April 12 because of "fuel unavailability", the company said yesterday in a statement to the Saudi bourse website. The lines have a combined capacity of 4000t, representing 32 per cent of output capacity, the statement added. To compound the issue, last week a fire broke out at its fifth production line, which is currently under construction. Yanbu ha... |
Oman Cement plans new cement mill03 May 2011, Published under Cement NewsOman Cement plans to invest in a new cement mill with a design capacity of 150tph. Mr Abdullah Abbas Ahmed chairman of the Board of Directors said that tender documents for consultancy services as well as the Engineering-Procurement Construction contract are due to be floated by the 2Q of this year. The announcement comes on the heels of the completion of Oman Cement’s third clinker line which will boost the company’s total clinker production capacity by 4000tpd. Trial production and co... |