Cement News tagged under: international
East African sector calls for regional market laws08 April 2011, Published under Cement NewsUnresolved provisions of the East African Community (EAC) common market protocol are rendering it difficult for the Ugandan cement industry to compete with sister industries of member states, writes the New Vision Uganda. The local cement industry petitioned law makers in the EAC to ensure that the common market protocol is implemented so that member states operate under similar laws to ensure fair competition. Tororo Cement managing director BM Gagran presented the petition to the ex... |
Global cement demand surpasses 3bnt in 201008 April 2011, Published under Cement NewsGlobal cement consumption climbed to 3294Mt in 2010, up 9.9% on the year before, according to the latest industry data published today in the Global Cement Report, Ninth Edition. This marks an improvement on the growth rate of 5.9% seen in 2009, when demand reached 2998Mt, and 2.4% in 2008 when global cement consumption was recorded at 2830Mt. China remains the underlying driver of global cement demand, consuming 1851Mt in 2010, almost double 2004 levels, and accounting for 56% of world c... |
Vietnam producer invests in real estate project07 April 2011, Published under Cement NewsHoang Mai Cement JSC (HOM) has invested VND810bn (US$38.94m) in a 45% stake of an urban area project in Vietnam’s central province of Nghe An. Covering a 120ha site in Vinh City, Vicem urban area has a total investment of VND1.8trn. The cement company targets a pretax profit of VND145bn on gross revenues of VND1.6trn. It will seek shareholders’ approval on April 29 for a plan to move the share listing to the Hochiminh Stock Exchange from the Hanoi Stock Exchange currently. HOM, which now ... |
Lehigh presents progress update, USA07 April 2011, Published under Cement NewsTwo representatives from USA-based cement producer, Lehigh Cement Co gave a presentation to New Windsor officials and the public on the progress at the New Windsor quarry and the Union Bridge plant Maryland, at a Town Council meeting Wednesday night. Lehigh in Union Bridge updated the council and town residents on the status of Seibel Fields, reducing emissions and the status of using a rail spur or a conveyor belt system to transport limestone from New Windsor to Union Bridge, said Kent Ma... |
Goldman Sachs: worst is behind India’s building sector07 April 2011, Published under Cement NewsGoldman Sachs says the worst is behind India’s construction and cement sectors. "We believe capacity utilisation has bottomed in fiscal 3Q11 and will see a gradual improvement to 77% and 80% in FY12 and FY13 (versus 76% in FY11E) as we expect capacity addition to slow down," the house says in a report. It adds that it expects stronger consumption in FY12E (+10% YoY), driven by increased public spending before state elections, improved execution and pent up real-estate demand. The house a... |
Indian prices expected to correct07 April 2011, Published under Cement NewsAnil Singhvi, Chairman, Ican Investment Advisors says although cement prices have risen, demand is yet to pick up, leading to a correction in cement prices shortly. In an interview with CNBC-TV18, he said these prices will not sustain more than a month or two because demand is not backing up prices. “I think the price correction could be as high as INR20 or even more in some pockets”. He further says, in the next couple of quarters, cement producers will face margin pressures. Below i... |
Australian construction index falls to lowest in two years07 April 2011, Published under Cement NewsAustralia’s building industry contracted for a 10th month in March as higher borrowing costs weighed on construction, a private survey showed. The construction performance index dropped 5.2 points to 39.4 last month, the lowest level since March 2009, according to a survey by the Australian Industry Group and the Housing Industry Association released in Sydney today. A reading below 50 indicates the industry is shrinking. Reserve Bank of Australia Governor Glenn Stevens this week held th... |
Holcim to tap further into emerging markets07 April 2011, Published under Cement NewsHolcim Ltd is teaming up with an insurance company to sell building materials and homes to Indonesians as it seeks to benefit from the future middle class in the emerging markets. So-called microinsurance costs the customer as little as 67 cents a year and is designed to help low-income individuals limit their financial risk when they buy construction material or fertiliz sers. The policy offered by Holcim of Jona, Switzerland, pays out when a house is struck by an earthquake or tsunam... |
Anhui Conch expects unit gross profit to rise 50%06 April 2011, Published under Cement NewsAnhui Conch Cement, China’s second-largest cement maker by output capacity, expects its unit gross profit to increase to around CNY120/t (US$18) this year from CNY80/t last year, Guo Jingbin, executive director, said on Wednesday. Anhui’s unit gross profit was around CNY120/t in the first quarter, with the cement maker expecting to maintain that level for the rest of the year, Reuters reported. |
US housing: disappointing numbers, brighter long-term trends06 April 2011, Published under Cement NewsDespite disappointing recent data from the US housing market, analysts at Jefferies International still believe in a housing recovery with a slow steady improvement in the new build environment in 2011 and for the overhang of existing homes to continue to reduce. Current levels of new-build remain unsustainable in the long term, argue Jefferies analysts in a recent industry note. To just maintain current levels of houses per head of population, it estimates that the US will need to build ar... |