Cement News tagged under: international
Polish construction industry cements revival21 September 2010, Published under Cement NewsPolish cement plants have already caught up on losses made during the long winter and they will surely close the fiscal year with a positive result. And it is going to be even better. The cement industry has sighed with relief. In August, sales were 12 per cent higher than in the corresponding period of 2009 and amounted to 1.7Mt, which is one of many causes for satisfaction. "After eight months, we have finally succeeded in compensating losses caused by the long and severe winter. Sales... |
PPC Zimbabwe to increase production21 September 2010, Published under Cement NewsPPC Zimbabwe, the country’s largest cement producer, says it plans to raise output at its Cement Siding plant, 15km east of Bulawayo, following the completion of the US$20m refurbishment of its Colleen Bawn clinker production line in July. Refurbishment of the Colleen Bawn plant kicked off in February and involved massive realignments at PPC’s furnace in preparation of the anticipated growth. The shutdown however, triggered massive shortages in Zimbabwe. Demand for cement declined from 1.1... |
Serbia to negotiate PIM bid with Lafarge21 September 2010, Published under Cement NewsSerbia’s privatisation association has today announced that it will negotiate with Lafarge’s Beocin plant for the purchase of Ivan Milutinovic (PIM). Beocin made the only bid, offering EUR16.5m to buy the goods of the PIM and the transfer of operating licenses, as well as a EUR10m investment. |
Egypt lures investors with new cement licence locations20 September 2010, Published under Cement NewsEgypt’s Industrial Development Authority (IDA) said on Sunday it has changed the location for a reissued cement licence to help attract investor interest, after the licence was scrapped twice, Reuters reports. The authority had re-opened bidding for two cement licences previously held by El Wadi Cement and North Sinai Cement after the firms had permits withdrawn in November over start-up delays and financing shortfalls, but closed the bid without interest from investors. Last week, the IDA... |
DG Khan Cement sees 55% fall in net profit, Pakistan20 September 2010, Published under Cement NewsDG Khan Cement announced a 55 per cent decline in net profit for fiscal year 2010, much below market expectations. The company posted a net profit of Rs233 million for the year ended June 30 against the preceding year’s Rs526 million, according to a notice sent to the Karachi Stock Exchange on Friday. The drop in profit is mainly on the back of lower selling price of cement, analysts said. Prices in the local market fell 27 per cent while in the international market they dropped 20 per cen... |
Fancesa additional supply to Santa Cruz market, Bolivia20 September 2010, Published under Cement NewsThe president of the Fábrica Nacional de Cemento (Fancesa), Luis Iriarte, announced that in three weeks the cement company will place, as a one-off ,100,000 additional bags of cement in the Santa Cruz market. This initiative will require an investment of US$1.7m. "In three weeks we will pour 100,000 additional exchanges into the market of Santa Cruz by means of which we believe that we will be able to control the nervousness of all those engaged in hoarding cement," he said. Iriarte said... |
Paraguay cement imports to meet domestic demand20 September 2010, Published under Cement NewsParaguay is importing large consignments of Portland cement to cover domestic demand with the shortfall in production of the state cement company INC. For several months, the INC has been unable to provide the amount demanded by the market, of approximately 1.5m bags per month, and covers only about 74 per cent of the total requirement, official sources said. Mechanical failures in the main kiln in the factory located in the port of Vallemí, some 600km north of Asuncion on the Paraguay Ri... |
Minetti invests US$35m in a cement mill, Argentina20 September 2010, Published under Cement NewsThe recovery of the Argentine cement industry to the same levels reached in 1998, has spurred the investment of new cement mill at Minetti’s plant in Mendoza. The work has already started and it is expected that the brand-new mill, which envisages an investment of between US$30-35m, begins to produce during the first months of 2011. The news was announced last week on the anniversary of the Fundación Mediterránnea (Mediterranean Foundation), Cordoba, by Demetrio Brusco, Director of Insti... |
Cement prices to rise 10-15% after monsoon, India17 September 2010, Published under Cement NewsCement major JK Cement today said that cement prices, which remained subdued so far this fiscal, will go up by 10-15 per cent after monsoon. Besides, the company further said it plans to expand capacity by 2-3Mt next year with an anticipated capital infusion of INR1500 crore in Rajasthan. "We expect that cement prices will increase in the range of 10-15 per cent after monsoon comes to end," Company’s MD & CEO Yadupati Singhania told reporters. |
Romania’s 1H cement output drops 16% YoY17 September 2010, Published under Cement NewsRomania’s cement production dropped 16% in the first half of the year, to 2.94Mt, according to the cement companies’ association CIROM. Moreover, the local cement sales saw a 17% decline on the year in January-June, to 2.99Mt. Clinker output declined by 16%, to 2.19Mt. Overall sales by local cement producers, excluding imports, shrank by 20%, to 2.88Mt. Cement and clinker imports amounted to some 130,000t in January-May this year. In the same period of 2009, there were no imports. |