Cement News tagged under: international
Ras Al Khaimah Cement seen as attractive take-over target, UAE06 April 2011, Published under Cement NewsRas Al Khaimah Cement Company, a mid-cap building materials producer from the northern emirate, has crept back into the spotlight as a potential takeover target, reports The National. Although demand for cement is still muted, analysts say mergers and acquisitions (M&A) in the sector are likely because of the attractive pricing of some producers amid the property industry malaise. "There are reasons why transnational cement companies may explore the possibility of acquiring assets in the U... |
Vinacomin to raise coal prices from April 1, Vietnam06 April 2011, Published under Cement NewsThe Vietnamese Ministry of Finance has approved a proposal from state-run Vietnam National Coal-Mineral Industries Group (Vinacomin) to hike coal prices for local cement, paper and fertiliser production by between 20% and 40% from April 1. A representative from Vinacomin attributed this price hike to the high by 40% in fuels, by 9.3% in the exchange rate, by 5% in coal export tariffs, and in loan interest rates. “If not the price increase, Vinacomin finance situation will meet difficulties... |
China to tax energy usage of energy-intensive industrial sectors??06 April 2011, Published under Cement NewsChina will impose a tax on energy usage of eight industrial sectors which have the highest energy usage in the country it recently announced. The eight sectors include iron and steel, aluminum and cement. The Chinese agencies have divided the industrial units into two categories, seemingly according to their energy usage and efficiency. The units which lag others in energy efficiency and has very high energy usage will be taxed ¢20 per kWh of the electricity consumed. While the second cat... |
Cementos Melon suspends opening of grinding unit, Chile06 April 2011, Published under Cement NewsThe inauguration of Cementos Melon’s new grinding works is being suspended due to conflict in the town of Puchuncavi following an environmental complaint against copper producer División Ventanas de Codelco. Melon’s new grinding facility, located in the same sector as Codelco, is expected to producer over 600,000tpa which, the company says, represents a new and important milestone in its 103 year history. The inauguration ceremony was scheduled to take place on Wednesday 13 April 2011 but h... |
Newly-elected BCMA Executive Committee, Bangladesh06 April 2011, Published under Cement NewsMostafa Kamal, chairman and managing director of the Meghna Group of Industries has been re-elected as president of the Bangladesh Cement Manufacturers Association (BCMA) for 2011-2012 and 2012-2013. Similarly, A Khalique (Pervez), vice chairman of Diamond Cement Ltd and Mohammad Alamgir Kabir, director of Crown Cement, have been elected as first vice president and second vice president, respectively. |
PIBT seeks contractors for cement terminal, Pakistan06 April 2011, Published under Cement NewsPakistan International Bulk Terminals (PIBT) has commenced prequalification of contractors for off- and on-shore construction works for its new coal, cement and clinker terminal at Port Qasim, Karachi. The project, managed by EA Consulting, will be awarded as a design/build contract. The scope of works includes the construction of a jetty, trestle bridge, dredging, reclamation of terminal storage area, cement silos, powerhouse and infrastructure for the terminal. It is Pakistan’s fi... |
German construction expands at record pace06 April 2011, Published under Cement NewsGerman construction sector expanded at a record pace in March, led by a strong rise in commercial activity. The purchasing managers’ index (PMI) for the sector climbed to 61.8 from 60.7 in February, Markit Economics said Wednesday. The indicator climbed at the fastest pace since the survey began in September 1999. A reading above 50 suggests expansion of the sector. The index has now posted above the 50.0 no-change mark for three months in a row. The acceleration in overall output growth... |
Jordan Cement Factories 2010 net income plunges05 April 2011, Published under Cement NewsJordan Cement Factories (JCF) announced that it barely broke even in 2010 as net income dropped from JOD46.3m (US$65.2m) in 2009 to just over JOD0.1m. A 40% drop in revenue was accompanied by a 21% increase in direct costs. The company attributes the fall to four main factors. Firstly, recovery in the construction sector remained slow and cement demand did not recover well. JCF also said it experienced serious competition from new cement producers, especially those who import clinker from ... |
Cemex USA recognised for customer excellence05 April 2011, Published under Cement NewsCemex USA has received the 2011 Customer Relationship Management (CRM) Excellence Award sponsored by Gartner and 1to1 Media. Cemex USA received the award in the Customer Experience category for the design and delivery of an exceptional customer experience that was successfully demonstrated by customer satisfaction, loyalty, retention and advocacy. “At Cemex USA, we strive to offer a unique customer experience based on a personalized, simple and effective approach,” said Gilberto Perez, Pr... |
Indian prices likely to moderate soon05 April 2011, Published under Cement NewsCement prices across India are at historical highs but analysts say that these price levels are unlikely to sustain with expansion in capacity. The Competition Commission of India (CCI) has also sought details on the uptrend in cement prices. The increase in prices is despite feeble demand growth of 3% year on year through Oct 2010-Feb 2011. |