Cement News tagged under: international
New cement plant set for Assam10 September 2010, Published under Cement NewsA new cement plant is to be established in Assam near the railway town of Badarpur in Karimganj district in the middle of 2013. Valley Strong Cement (Assam) Limited, at Debendranagar village will be capable of producing 6.6 lakh tonnes of cement a year. Promoted by the Chamaria-Gorodia group, which has another cement plant at Debendranagar, the plant will be the third of its kind in Barak Valley. Chamaria-Gorodia group’s other cement plant, called Barak Valley Cement Plant, has an ... |
Cherat net profit down, Pakistan10 September 2010, Published under Cement NewsPakistan private sector cement manufacturer and exporter - Cherat Cement Company Limited, has announced today that during the FY ending June 30, 2010 its net turnover decreased to PRK 3,469 m from PRK 4,567 m in corresponding period last year – showing a decline of 24 per cent. The company earlier reported that the decline in turnover was due to significant drop in selling price as well as lack of demand of cement. The company has reported a net loss of PRK 13.455 m against a profit of P... |
Obama proposes US$50bn boost to infrastructure10 September 2010, Published under Cement NewsPlans for a US$50bn investment in infrastructure have been revealed by US President Barack Obama. Over the next six years, roads, rail and runways in the US will benefit from the investment, President Obama told an event in Milwaukee, Wisconsin, and he added, "This is a plan that will be fully paid for. It will not add to the deficit over time. "We’re going to work with Congress to see to that. We want to set up an infrastructure bank to leverage federal dollars and to focus on the smartes... |
Oman feels weight of cement influx10 September 2010, Published under Cement NewsSheltered from the excesses of the global downturn by an independent outlook and conservative banking regulation, Oman is pressing ahead with a series of infrastructure, airport and port developments. Work is proceeding on schemes such as Duqm, a port and petrochemical complex, and Sohar Industrial Port. In the capital, a further $2.7bn is being spent on a new runway and terminal capable of handling 7m passengers a year at Muscat International Airport. Such projects might be expecte... |
Senegal economy to be given a boost by cement?10 September 2010, Published under Cement NewsSenegal’s economy is expected to grow by four per cent in 2010 and 4.4 per cent next year, led by expansion in cement production and petroleum refining production, the country’s statistical agency said. The West African nation is recovering from slower-than- expected growth last year, when weakened external demand for Senegalese products hindered the nation’s gross domestic product expansion to 2.2 per cent, the Dakar-based agency said in a statement posted on its website today. Senega... |
Jidong Cement receives shares in Qinlin Cement10 September 2010, Published under Cement NewsTangshan Jidong Cement received 50 million shares in Shaanxi Qinling Cement from Shaanxi Yaoxian Cement Factory as it was a participant in the restructuring of Shaanxi Qinling Cement (Group), according to the verdict of the Shaanxi Tongchuan Intermediate People’s Court, reports Yicai.com, citing a filing by Jidong Cement. Jidong Cement currently holds 173 million shares or a 26.13 per cent stake in Shaanxi Qinling Cement, becoming the largest shareholder of the latter. Under the terms of t... |
Chile sees construction recovering in second half10 September 2010, Published under Cement NewsFinance Minister Felipe Larrain on Thursday said he expects the construction sector to recover in the third and fourth quarters as Chile rebuilds cities ravaged by a massive Feburary 27 earthquake. The central bank has raised its view of economic growth for 2010 to between 5.0 and 5.5 per cent and pointed to construction as a driver in the wake of the quake. The government and businesses are spending billions of dollars to rebuild cities and key industries such as forestry and oil refining... |
Sharp rise in Scotland’s construction output10 September 2010, Published under Cement NewsThere was a sharp rise in Scottish construction output in the second quarter of this year, according to new figures. The Office for National Statistics said output in Scotland jumped by 17%, or UK£401m, compared to the first quarter. The Scottish Building Federation (SBF) responded cautiously to the figures. SBF chief executive Michael Levack said there was no cause for complacency as underlying trends were of "serious concern". He said: "Output may be up but these latest figures shoul... |
China: China’s industries face merger, acquisition push09 September 2010, Published under Cement NewsChina’s government has laid out plans to promote industrial mergers and acquisitions in a bid to accelerate economic restructuring and increase industrial competitiveness. The sectors involved include automobiles, steel, cement, machinery, rare earths and aluminum, said a statement from the State Council, or Cabinet, on its website, www.gov.cn, on Sep.6. Some industries that face replicated construction, low concentration, weak self-innovation and competitiveness needed consolidation throu... |
USA: cement sector no longer at rock bottom09 September 2010, Published under Cement NewsThe cement industry is nothing if not cyclical. US consumption this year could be barely 50 per cent of its 2007 peak of 113Mt, with similar percentage declines in Spain, Eastern Europe and Russia. The possibility of a double-dip recession following what has already been a devastating construction boom and bust has inevitably made investors in the world’s biggest suppliers nervous. Shares in Holcim Ltd, Cemex SA, HeidelbergCement AG and Lafarge SA are down between 21 and 33 per cent this yea... |