Cement News tagged under: international
Saudi Arabia’s over-supply challenge08 January 2011, Published under Cement NewsWith cement capacity increases in Saudi Arabia keeping cement prices down, domestic producers have made fresh calls for the government to lift the ban on cement exports. However, with other cement markets in the GCC region also facing overcapacity, the impact of the eventual removal of the ban may only be marginal. The Saudi market continues to witness volume additions that are outstripping demand, leading to an oversupply situation. Jehad Al Rasheed, general manager of Yamama Saudi Cemen... |
Cemex prepares defence against Spanish CNC accusations07 January 2011, Published under Cement NewsCemex is preparing its answer to a case study started by Spain’s competition watchdog CNC on alleged anti-competition practices in Navarre region, northern Spain, from 2006 to 2008. The CNC is investigating whether the Mexican company had agreements with other sector players to fix prices infringing the fair competition rules, Spanish daily Cinco Dias cited today an information Cemex sent to US Securities and Exchange Commission (SEC). The procedure against Cemex started in December 2009 a... |
Taiwan Cement to build three plants in China in 201107 January 2011, Published under Cement NewsTaiwan Cement Corp, Taiwan’s leading cement producer, will begin construction of three cement plants in Sichuan and Guizhou provinces, China in 2011. Taiwan Cement vice president C.C. Huang said the company will concentrate on production expansion in China in 2011, which will raise Taiwan Cement’s capital expenditure to approximately US$200m there. Huang noted the new investments in China in 2011 will include the construction of a second-stage production line in Prosperity cement plant in ... |
Sinai to raise production by 400,000tpa, Egypt07 January 2011, Published under Cement NewsSinai Cement (SCEM) is intending to increase its production capacity by about 400,000t during 2011 to 3.4Mt through increasing production of its two production lines by 200,000t each. Alaa Mogahed, Investor Relations Manager of the company, asserted that the company continues its production increase process which started in 2010, especially in the shadow of new demand for cement which needs more production steadily. On the other hand, he denied a retreat in demand as company’s sales increa... |
Texas Industries reports second quarter loss07 January 2011, Published under Cement NewsTexas Industries, Inc today reported financial results for the quarter ended November 30, 2010. Results for the quarter were a net loss of US$11.2m or US$0.40 per share. Results for the quarter ended November 30, 2009 were a net loss of US$3.7m or US$0.13 per share and included after tax gains from the sale of emission credits of US$2.1m (US$.08 per share). "Conditions in our markets remain challenging," stated Mel Brekhus, Chief Executive Officer. "Volumes were up compared to the same peri... |
Vietnam cement: uncertain times ahead07 January 2011, Published under Cement NewsVietnam cement producers are set for an uncertain future, with supply expected to exceed demand in the coming years, according to Nguyen Nhu Khue, director of Bim Son Cement Joint Stock Company. According to a report made by the Viet Nam Construction Materials Association, national cement production would reach 55Mt this year, surpassing demand by between 3-4Mt, and under an industry plan, cement output would reach 100Mt in 2020. In addition, a series of new cement plants and the expansion... |
Qilianshan Cement to purchase cement assets07 January 2011, Published under Cement NewsGansu Qilianshan Cement plans to purchase a 26 per cent stake in Gansu Zhangye Julong Building Materials for CNY60m (US$9m), according to a company filing. After the purchase is completed, Qilianshan Cement, Gansu Heihe Hydropower, Zhangye Environment Protection Building Materials, Zhangye Sanqiang Chemical, Zhangye Longteng Cement, and Linze Shengyuan Industry will hold respective stakes of 26 per cent, 26 per cent, 12 per cent, 12 per cent, 12 per cent, and 12 per cent in Julong Materials... |
Taiwan’s Goldsun to expand production in China06 January 2011, Published under Cement NewsGoldsun Construction & Development Corp., one of Taiwan`s leading producers of cement and concrete, will invest over TWD6.52bn (US$222m) to set up ready-mix concrete plants in China by the end of 2013, with half of the investment to be borrowed from banks. At the start of 2011, the company will build a storage and transport centre on a BOT (build-operate-transfer) scheme in the Taipei Port region and a cement plant in Hunan Province, China. An institutional investor estimated Goldsun... |
INC to raise production by over 20%, Paraguay06 January 2011, Published under Cement NewsThe president of the Industria Nacional del Cemento (INC), Optaciano Gómez, pledged on Thursday to increase the cement production over the previous year by more than 20%, which would reach about 16 million bags of cement. The increase in production would occur through investments being made in the state cement company, which already allowed a record production of nearly 14 million bags in 2010, as noted its president. Despite this level of production, cement demand exceeded the capaci... |
Kenya firms prepare for slim earnings as prices fall06 January 2011, Published under Cement NewsCement prices in Kenya have dropped nearly 10 per cent on increased competition threatening the profitability of local manufacturers as property developers face relief from construction costs. The price of the 50kg bag of cement has dropped to a low of KES660 (US$8) compared to KES730 in December in Nairobi, driven down by increased production arising from new entrants and expansion by existing players. While easing costs for developers, the move looks set to hurt the margins of the players... |