Cement News tagged under: international
North America’s gradual recovery25 March 2011, Published under Cement NewsUS-based construction material producer Texas Industries Inc has reported that it is beginning to see an improvement in volumes, just a few weeks after other major North American producers expressed cautious optimism of a recovery in 2011. However, prices have continued to fall amid competitive pressures. For the nine months to the end of February, Texas Industries marginally increased turnover 0.3% to US$446.1m but EBITDA plummeted 55.1% to US$14.9m and the loss at the pre-tax level increa... |
Vinacomin opens new plant in Thai Nguyen, Vietnam24 March 2011, Published under Cement NewsQuan Trieu Cement Corp, an affiliate of the state-run Vietnam Coal and Mineral Industries Group (Vinacomin) opened its cement plant in the northern province of Thai Nguyen March 23. The Quan Trieu cement plant has a capacity of 2000tpd of clinker or 820,000tpa of cement, the state-run Vietnam News Agency said Thursday. The Quan Trieu plant will help raise the company’s capacity to 3Mta. |
Texas Industries 3Q loss narrows24 March 2011, Published under Cement NewsTexas Industries Inc.’s (TXI) fiscal third-quarter loss narrowed as higher shipments of cement helped offset losses in the unit that sells ready-mix concrete. Persistent weakness in the housing market has dragged down earnings for the maker of cement and other construction materials, which mainly does business in Texas and California. The company has now posted six consecutive losses after reporting in 2009 a first-quarter profit that benefited from oil-and-gas drilling on company property... |
Rain Cements opens fly ash and packing units, India24 March 2011, Published under Cement NewsRain Cements Ltd had commenced operations of its fly ash handling and cement packing unit at Bellary, Karnataka with effect from March 24, 2011. With the commencement of operations, total production capacity of RCL will increase from 3.1Mt to 3.5Mta with improved fly ash blend ratio. |
Political turn to stir against Nirma cement project24 March 2011, Published under Cement NewsThe ongoing argument by farmers against the construction of a cement factory by Nirma Ltd in Gujarat’s Bhavnagar district might take a political turn. Modi’s partyman Kannu Lal Kalsaria, the area member of the state legislative Assembly who is leading the campaign, has accused the CM of colluding with Nirma and trying to destroy the lives of farmers by taking away their land in the name of development. “He (Modi) is suppressing the truth, along with Nirma, in the name of development. Nare... |
Ohorongo cement accused of unfair trade practice24 March 2011, Published under Cement NewsOhorongo Cement has drawn criticism of “monopolistic tactics” and “unfair trade practices” towards indigenous Namibian businesspeople, barely two months after commissioning the cement plant at Otavi. Indigenous businesspeople, mainly the northern based, say Ohorongo Cement is subjecting them to the very same unfair trading tactics of distribution and prices as those used by the South African company Afrisam to enforce control over the market. A formal complaint has been sent to the Na... |
Dyckerhoff expects improving market in 201124 March 2011, Published under Cement NewsDyckerhoff expects that the economic growth in its most important markets will accelerate in 2011, which will have a positive effect on cement consumption, CEO Wolfgang Bauer said. For 2011, the company foresees capital investment of around EUR 77m in its plants. Provided that earnings improve as expected, the capital expenditure budget should be raised to EUR 169 million in 2012. At present, capacity utilization in the company’s most important markets lies between 65% and 74%. Dyckerhoff ... |
Siam Cement targets triple sales in Vietnam in 201523 March 2011, Published under Cement NewsThailand’s top industrial conglomerate Siam Cement Group (SCG) plans to triple its building material sales in Vietnam to about THB1bn (US$33,) by 2015. SCG aims to achieve total sales in Vietnam of around US$13m this year, up approximately 35 per cent from 2010, Sattawat Thitaram, country director of SCG Building Materials, was quoted as saying in the report. The Thai company plans to increase the number of its authourised dealers in Vietnam from 30 to 50 over the next five years. Thitaram... |
Indian govt’ likely to divest stake in state-owned companies23 March 2011, Published under Cement NewsIndia’s department of disinvestment plans to list as many as 10 profitable state-owned companies in 2011-12 (Apr-Mar) to meet the INR400bn divestment target, The Economic Times newspaper reported today. |
Taiwan’s cement firms raise China investments23 March 2011, Published under Cement NewsTaiwan’s leading producers of cement, including Taiwan Cement Corp, Asia Cement Corp and Chia Hsin Cement Corp, will increase investments in China driven by the sizable market potential there. Taiwan Cement recently announced that its subsidiary–TCC International Holdings Corp – will set aside US$11.67m to acquire 65% of Gangan Cement, established by a Hong Kong firm, as well as increase capitalisation in other subsidiaries in China, including TCC (Jiangsu) Investment and TCC Jiangsu Jurong... |