Cement News tagged under: international
Japan’s Cement demand hits 43-year low28 January 2011, Published under Cement NewsCement demand in Japan is estimated to have hit a 43-year low in 2010 because of a cutback on public works spending and a slump in private demand, an industry group said Thursday. Demand is projected to have dropped 5.7 pct from the previous year to 41.77Mt, the fifth straight year of decrease, the Japan Cement Association said. Of the total, sales of cement made in Japan fell 5.4 per cent to 41.16Mt. However, monthly sales of domestically made cement increased 0.3 per cent in December fr... |
New Kenyan firms ride on low prices to grow sales27 January 2011, Published under Cement NewsCheaper pricing has won newly set up cement manufacturers about 14 per cent market share from their rivals, signalling a deepening shift in the industry that has for years been dominated by three producers. Industry statistics by African Alliance Investment Bank show that Mombasa Cement and National Cement – both established in the past two years – now control a combined market share of more than a 10th of the local cement market. Bamburi Cement, which accounted for 61 per cent of cement s... |
Taiwan may impose anti-duty dumping on cement27 January 2011, Published under Cement NewsTaiwan may impose an anti-dumping duty on cement products from China in the coming months if the government can confirm a negative impact on the local cement industry, officials said Wednesday. It was the fifth anti-dumping investigation launched by Taiwan against China. The Ministry of Economic Affairs’ International Trade Commission determined in a meeting Wednesday that Portland cement Types I, II and their clinker have caused "material damage" to Taiwanese companies. The Taiwan govern... |
Novacem raises UK£1.6m in follow-on funding27 January 2011, Published under Cement NewsSpecialist investor, the London Technology Fund (LTF), has made a follow-on investment into carbon negative cement company Novacem. The funding, which was part of a syndicate including construction company Laing O’Rourke and existing investors Imperial Innovations and the Royal Society Enterprise Fund, totalled UK£1.6m (EUR1.86m). Cranch Lamble, investor director at LTF said the investment will help the development programme of the company. ‘They are working alongside industry members who ... |
MI Cement receives financing for expansion, Bangladesh27 January 2011, Published under Cement NewsBangladesh private cement manufacturer and exporter, MI Cement Factory Limited (MICFL), said today that it has received an overwhelming response for its Initial Public Offering (IPO) to finance its ongoing 3000t cement grinding unit expansion. This project, including other other port infrastructure is estimated to cost of ARS3.34bn (US$47m), says a top official of company. Mukter H Talukder, CFO of MI Cement, told CemNet that the IPO for ARS3.34bn was oversubscribed by five hundred times t... |
Colombian November sales rise27 January 2011, Published under Cement NewsLast November, almost 800,000t of cement were sold in Colombia, amounting to an increase of 11.5 per cent over the same month of 2009. This, analysts say, confirms the good performance of the sector, and numbers are expected to rise in 2011. Data also highlight a slight increase of 1.5 per cent in production, which rose from 800,924t to 812,574t. |
Chaodong expects eight-fold rise in 2010 profit, China27 January 2011, Published under Cement NewsAnhui Chaodong Cement predicts its net profit for fiscal year 2010 jumped eight-fold, according to a company filing. The company recorded net earnings of CNY5.26m in fiscal 2009. The firm attributed the estimated growth to recovering cement sales price and volume, rapidly growing fixed assets investment in the cement industry, and government policies on saving energy and reducing emissions. |
Gresik eyes US$444m profit, Indonesia27 January 2011, Published under Cement NewsIndonesian state cement maker PT Semen Gresik targeting profits of IDR4 trillion (US$444m) this year, which would be a 10-15 per cent increase compared to last year’s IDR3.63 trillion. "In 2010 the company had raised its efficiency, and also this year," the company’s president director Dwi Sutjipto said here earlier this week. Sutjipto said that this year’s profit will be raised by boosting production and the start of the operation of two new plants by the end of this year. |
Thai Siam Cement to sell THB15bn bonds in March27 January 2011, Published under Cement NewsThailand’s top industrial conglomerate Siam Cement Pcl said on Wednesday it planned to sell up to THB15bn (US$484.8m) of four-year bonds during March 1-30. The proceeds would be used to replace existing debts due in April and the bond issue would be part of its plan to issue up to THB110bn, it said in a statement to stock exchange. |
East Africa competition intensifies27 January 2011, Published under Cement NewsCompetition in the Kenyan cement sector is intensifying as the latest capacity additions come on-stream, resulting in a more pressurised pricing environment as new entrants seek to establish themselves in the market. Meanwhile, prices in Uganda continue to hold firm despite new capacity boosting supply. Both Mombasa Cement (owned by Tororo Cement) and National Cement (Devki Group) have introduced capacity into Kenya over the last two years and now control a combined market share of some... |