Cement News tagged under: international
Cementos Melon sees 10% growth this year17 March 2011, Published under Cement NewsChilean cement producer, Cementos Melon, is forecasting a positive year ahead for domestic cement sales as reconstruction efforts following last year’s earthquake become more intensive. "While 2010 did not have the growth we had hoped, we are confident that 2011 will make a difference, thanks to the reconstruction process will take a faster pace," said company director, George Carey. Cement demand grew at around five per cent last year but in light of the above factors the company antici... |
ACPMA seeks government help17 March 2011, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has appealed to the government to remove bottlenecks impacting cement industry with four out of 22 units having been shut down due to mounting losses. An APCMA spokesman said cement manufacturers have yet to pass on the large impact of rapidly increasing input costs (ie, coal, electricity, diesel, paper sacks and transportation cost). Current cement prices range from PKR340-355/bag in different markets. While inflationary pressures... |
Athi River expects ‘significantly’ higher 2011 cement sales17 March 2011, Published under Cement NewsKenyan-based producer, Athi River Mining (ARM) said it expects sales to increase “significantly” this year as demand in East Africa grows at 10 per cent annually. The company posted a 23 per cent increase in net income for the 12 months through December to KES792m (US$9.2m), as revenue grew 16 per cent to KES5.96bn, according to a statement e-mailed by the Kenyan stock exchange today. ARM invested KES2bn in clinker and cement capacity in Kenya, doubling cement capacity by January after u... |
HeidelbergCement sees demand spike after Japan quake17 March 2011, Published under Cement NewsHeidelbergCement expects to supply the reconstruction effort in Japan as the earthquake-stricken country is forced to import volumes to meet demand, report Reuters. HeidelbergCement Chief Executive Bernd Scheifele said on Thursday he expects Japan to switch to being an importer of cement from an exporter following the disaster. "The result (of the Japan earthquake) could be a cement and clinker shortage in Asia," Scheifele, said at a press conference. HeidelbergCement has a signficant pre... |
Holcim (US) Inc to mothball Catskill plant, USA16 March 2011, Published under Cement NewsHolcim (US) Inc. announced today that in response to continued economic challenges and market conditions, it will mothball its Catskill, New York cement plant effective June 13, 2011. "We deeply regret having to mothball this plant," said Bernard Terver, president and chief executive officer of Holcim (US). "In 2010, we highlighted the challenges faced by this plant when we announced a temporary layoff. "The mothballing of Catskill is a direct result of continuing economic challenges and ... |
Spanish cement demand rises in February16 March 2011, Published under Cement NewsSpanish cement consumption in the past last 12 months (March 2010 to February 2011) decreased more than 3.3Mt, representing a fall of 11.95 per cent. While cement consumption in February touched 1.8Mt (2.73% more than in February 2010), this is not being viewed as an indicator of economic improvement, but is attributed to better weather conditions in the first two months of 2011 compared to Jan-Feb 2010. However, exports increased 40.51% in the last 12 months and imports imports fell 34... |
Lanka Cement looking to rebuild defunct cement factory16 March 2011, Published under Cement NewsSri Lanka’s listed Lanka Cement PLC is looking for a local investor to rebuild a defunct cement factory, officials said. Lanka Cement owns a factory in Sri Lanka’s northern Jaffna peninsula in which several foreign investors have expressed interest. The factory was closed during a 30-year war which ended in May 2009. But the firm is now looking for a local partner. "Due to security measures our preference is only for a local investor," Gamage said. "We also want to avoid any kind of monop... |
Jamaica: work to start on new plant16 March 2011, Published under Cement NewsConstruction of Jamaica’s second cement-production plant is expected to begin within the next three months if Canadian engineering firm Cemcorp receives approval from the National Environment and Planning Agency (NEPA), the Ministry of Energy and Mining and the parish councils of St Catherine and Clarendon. Cemcorp’s chief executive officer, Armand Nahmiache, who is in the island undertaking preparatory work for the construction project, said the approval process was far advanced and expect... |
Brazil February sales rise 14%16 March 2011, Published under Cement NewsPreliminary industry data posted by Sindicato Nacional da Industria do Cimento (SNIC) show that domestic sales in the Brazilian market for February 2011 were 4.7Mt, a YoY rise of 14 per cent. For the first two months of 2011, demand reached 9.4Mt, up 10.3 per cent on the same period of 2010. For the 12 months between March 2010 and February 2011, total sales were 59.9Mt, again representing a YoY increase of 14.2 per cent compared to March 2009-February 2010. |
Tanzania Portland Cement posts 6% net profit16 March 2011, Published under Cement NewsTanzania Portland Cement Company (TPCC) has posted a net profit growth of six per cent, despite key challenges and critical issues that faced the domestic cement industry last year. The company outperformed its own profitability targets and recorded a net profit of TZS32.2bn (US$21.4m) last year compared to TZS30.4bn recorded in 2009. Last year Tanzanian producers were affected by the removal of import duties and the impact of increased competition on the back of low-cost imports. Producer... |