Cement News tagged under: international
Spain sees recovery in spending, 4Q growth03 January 2011, Published under Cement NewsSpain’s central bank and prime minister have both made cautiously optimistic statements on the country’s ailing economy, with the latter saying he expects growth in the fourth quarter. In its closely-watched monthly economic report, the Bank of Spain said that private consumption, which tumbled as the local property market crashed in 2008, showed "a less unfavorable evolution" than previously in October and November, and is ticking higher compared with the third quarter – a sign that governm... |
Argentina’s November construction improves03 January 2011, Published under Cement NewsArgentina’s construction activity rose 17.2% in November from the same month a year earlier in seasonally adjusted terms, the national statistics agency, Indec, reported Wednesday. Construction activity in November increased 3.3% from October in seasonally adjusted terms, Indec said. The following annual increases were observed in construction materials in November: cement 30%, asphalt 28.8%, bricks 23%, rebar 9.2%, paint 4.6% and ceramic tiles 4.2%. A survey of companies engaged in public-... |
Yamama Saudi wants ban on exports lifted03 January 2011, Published under Cement NewsYamama Saudi Cement, Saudi Arabia’ third-largest producer by market value, wants the government to lift the ban on cement exports on concern profit margins will drop as supply increases push prices lower. “Cement capacity is growing every year, which drives many cement companies to seek government approval to lift the existing export ban without conditions,”he company’ general manager Jehad Al Rasheed said in an interview in Riyadh on Sunday. Yamama will post profit in 2011 although the ma... |
Ciments de Bizerte to upgrade clinker production31 December 2010, Published under Cement NewsTunisian “Ciments de Bizerte” a state-owned entity has signed a contract with Polysius France to upgrade its second clinker line. This capacity upgrade will take two years to complete from the date of signing the contract, said a spokesman. Ciments de Bizerte is also updating its business plan for publication in January 2011. |
Shanxi Province cut back on the polluters31 December 2010, Published under Cement NewsAccording to a statement issued by the authorities in the Chinese province of Shanxi on December 27, the 2010 targets for the elimination of elderly shaft kiln production units in Shanxi have been exceeded. Shanxi Province has dismantled all such targeted capacities in the current year, including similar polluting units n the iron and steel sector. According to China’s Ministry of Industry and Information Technology (MIIT), the targets for the elimination of obsolete production capacities i... |
Italian police seize cement assets31 December 2010, Published under Cement NewsAnti-mafia police in the southern Italian city of Reggio Calabria on have seized assets worth Euro 4.5 million from Giacobbe Vincenzo, the owner of a local cement-making company. The assets included a two-storey villa, several cars, land, investments and factory buildings, police said. A court in July 2009 sentenced Vincenzo to six years in jail for mafia association and defrauding his clients. He has been ordered not to leave Reggio Calabria and is under special surveillance pending an ap... |
Cement industry reports higher gross margin31 December 2010, Published under Cement NewsThe Chinese cement industry posted gross margin of 16 per cent and net profit margin of 7.83 percent in the first 11 months of 2010. Gross margin in the first eight months was 14.9 per cent. According to local reports, the increase in the gross margin was mainly due to greater cement demand during the August-November period and reduced output. Anhui, Hainan, Guangxi and Zhejiang provinces were affected by a reduction in power supply, which resulted in lower production volumes in these plac... |
Strike affects cement movements30 December 2010, Published under Cement NewsTruck drivers in several governorates throughout Egypt continued their labour strike into its 19th consecutive day on Monday 27 December. Strikers have reportedly prevented other truck drivers from crossing the picket line, going so far in some cases as to destroy their vehicles. Cement sales, meanwhile, have fallen noticeably as a result of the strike, with local cement factories unable to find trucks to transport their product. ‘We may actually have to close down due to the lack of trans... |
Rail upgrade prompts cement shipments30 December 2010, Published under Cement NewsThe Nigerian Railways Corporation (NRC), in partnership with Larfage Cement Nigeria, has commenced cement haulage from its plant at Ewekoro to depots in Ijoko, Ogun and Agege, Lagos State on 23 December. Mr Rasheed Gbadamosi, the NRC manager, Western District, disclosed this at a news briefing in Ibadan yesterday. He said that an agreement to this effect was reached between the managements of the NRC and that of Lafarge Cement on December 13. He said that 300 tonnes of cement was expected ... |
New Chinese plant for Fij30 December 2010, Published under Cement NewsThe Fijian Ministry of Lands and Mineral resources has just formalised the 99 year lease agreement for the Chinese cement factory to be set up in Veisari Lami. Minister for Lands and Mineral resources Netani Sukanaivalu says the Tengy cement company Limited, was given consent by government to secure the 99 year lease to build the country’s second cement factory. Sukanaivalu says what used to take government two years to finalise took government two months to complete. “Tengy is one of the ... |