Cement News tagged under: international
Spanish demand seen down 15% YoY17 December 2010, Published under Cement NewsThe Spanish cement sector is set to close 2010 with a total of 24.5Mt consumed, representing a fall of 15 per cent over the previous year. President of Oficemen, the Spanish Cement Manufacturers Association, warned that consumption is expected to fall a further 10 per cent next year. Until November, cement consumption in Spain was 23Mt, representing a decrease of 15.5% over the same period in 2009. Cement production up until November had fallen by 12.1% over the same period in 2009 and ... |
Indonesia: market growth prompts more expansion17 December 2010, Published under Cement NewsA strong economy and the government’s push to develop infrastructure is driving Indonesia’s domestic cement demand significantly, with sales in 2010 expected to grow 6% to 40.6Mt, up from 38.4Mt in 2009. Aside from a realisation in infrastructure projects, other factors positively influencing consumption include a residential housing boom and greater government spending. Sales in Java represent the largest market share of 53% or 19.8Mt in 2010, of which 82% was sold in bags and the rest in b... |
Raysut a casualty of cement price war16 December 2010, Published under Cement NewsA price war between Oman and the UAE is creating a rocky outlook for shares of Raysut Cement. The Omani company plans to buy Pioneer Cement Industries, a UAE company, reportedly for about US$180 million, although a final price has yet to be announced. But the move is "not fruitful" for Raysut, say analysts at Global Investment House (GIH) in Kuwait. GIH downgraded Raysut’s stock to "reduce" with a target price of OMR1.088. UAE cement companies have been increasingly selling their product ... |
Holcim starts construction of new factory in Indonesia16 December 2010, Published under Cement NewsPT Holcim Indonesia has marked the start of construction of a new cement factory in Tuban, East Java, with ground breaking ceremony yesterday. The project that includes a port facility, will cost around US$450m, Eamon Ginley, the president of he country’s third largest cement producer said. Construction of the new factory, the third owned by the Indonesian units of the Swiss based cement giant Holcim Corp. is to be completed in 2013, Ginley said. Holcim already has two cement plants - in ... |
Titan acquires Kosovo cement plant16 December 2010, Published under Cement NewsTitan said Wednesday it has signed an agreement with the Kosovo Privatazation Agency for the purchase of the Sharr cement plant. "The acquisition is not expected to have a material impact on the group’s results, as the plant, with a rated capacity of 600,000tpa, was already under Titan management, on the basis of a lease agreement," the company said. |
Azerbaijan output falls16 December 2010, Published under Cement NewsAs much as 1.18Mt of cement were produced in Azerbaijan in the first 11 months of 2010, down 2.2 per cent on the year-earlier period. In 2009, the output reached 1.28Mt. Garadagh Cement JSC is the main producer in the country with an output of 1-1.4Mta, covering 50 per cent of domestic demand. |
Gresik looking for acquisition in Southeast Asia16 December 2010, Published under Cement NewsIndonesia’s largest cement producer PT Semen Gresik said it wants to acquire a cement factory in a southeast Asian country to boost production next year. Semen Gresik is set to increase its cement production by 25 per cent in 2011, Dwi Soetjipto, the president of the state company, said on Wednesday. Mr Soetjipto said the company will buy a cement producer either in Malaysia or Vietnam, but most likely in Malaysia. He said the company is interested in acquiring one with a production capac... |
Dominican Cement sales to reach 2.7Mt in 201015 December 2010, Published under Cement NewsCement sales in the Dominican Republic have reached nearly 2.7Mt in 2010, and 260,000t of that in November. Cement sales and consumption were around 5.3% higher this year, climbing from a demand of nearly 2.7Mt last year to nearly 2.8Mt in 2010. The Dominican Cement Producers Association’s optimism with the industry’s first quarter performance wasn’t in vain, as demand rose an average of 11,900 tons daily. Daily consumption however, fell 10,600t from June to November, a decline as high ... |
China cement prices to rise further?15 December 2010, Published under Cement NewsFinancial services firm UBS has predicted that China’s cement prices will rise further, as it believes cement demand in China will increase. According to UBS, cement prices have increased more than 60 per cent since August, much higher than its estimate, and with the improvement in market supply and demand and the further integration of the cement industry, the financial services firm expects cement prices to continue to rise in the next two years. UBS particularly favors China National Bu... |
Semen Gresik readies for US$300m expenditure15 December 2010, Published under Cement NewsPT Semen Gresik Tbk allocated US$300m capital expenditure by 2011 mostly for cement mill construction. Finance Director of Semen Gresik Kholil Hasan said some US$240m will be sued for new cement mill construction and the remaining US$60m will be used for the company routine needs. "The capital expenditure next year is to construct new cement mill worth US$240m and routine activities US$60m. The fund is from internal cash and bank loan," he said this week. In the corporate strategic plan, ... |