Cement News tagged under: international
North Korea asks for cement09 September 2010, Published under Cement NewsNorth Korea wants rice and materials to repair flood damage such as cement and heavy equipment from South Korea, it was said in a message Saturday. The North asked for rice, cement, vehicles and bulldozers if the South is willing to help. But Seoul is less keen to provide rice and building materials since such aid has been put on hold as part of sanctions after the North sank the South Korean Navy corvette Cheonan since the North has a history of diverting such aid to the military. Heavy equ... |
Poland: cement production rises seven per cent YoY in August09 September 2010, Published under Cement NewsCement production increased seven per cent Y0Y in August and was at 1.75Mt, Poland’s Cement Association informed. During the first eight months of 2010, production was at 10.04Mt of cement, 0.7 per cent less YOY. Cement sales in August increased 12 per cent YoY to 1.79Mt. |
Bolivia: Government tries to avoid arbitrage in the nationalisation of Fancesa09 September 2010, Published under Cement NewsMinister of Legal Defence, Elizabeth Arismendi, should coordinate the actions of the Bolivian government in the aftermath of the nationalisation of the 33.34 per cent stake held by Soboce into the cement company Fancesa. She would seek the harmonising of positions with Soboce prior to any arbitrage. Within 180 days the stake nationalised would be valued by an independent consultancy and paid as indemnification to Soboce, which claims to collect US$80m. Soboce is majority owned by entrepreneu... |
Polysius constructs a 3000tpd cement kiln line in Brazil09 September 2010, Published under Cement NewsPolysius has been contracted by CIA de Cimento Itambe, Brazil, to build a new 3000tpd cement clinker production line at the Balsa Nova plant, near the city of Curitiba in southern Brazil. One important criterion for this plant is the greatest possible flexibility for the use of alternative fuels. In the early 1970s, Polysius already put a kiln line into operation at the Balsa Nova plant. For the new line, Polysius is to supply the main components from the raw material grinding system to the ... |
Malaysia: cement stocks firming up on better 2H outlook09 September 2010, Published under Cement NewsCement players have seen share prices firming up despite their lacklustre first half results and flattish demand for cement. Nonetheless, the consensus is that there will be a pick-up in demand in the second half. Lafarge Malayan Cement Bhd has seen its share price surging 20.8 per cent year-to-date to close at MYR7.55 (US$2.4)yesterday, while YTL Cement Bhd rose 4.5 per cent from a 52-week low of RM3.81 on May 26, to close at MYR3.98 yesterday. “It had been mostly a flattish year fo... |
Southern India prices seen rising08 September 2010, Published under Cement NewsIndian cement companies Tuesday raised prices by an average INR30 per 50kg bag in the country’s southern region, a person familiar with the matter said. "The hike is largely to bring parity with cement prices in the western region," the person, who didn’t wish to be named, told Dow Jones Newswires. |
Ohorongo signs gypsum supply agreement, Namibia08 September 2010, Published under Cement NewsA local mining company will supply gypsum, which is mined in the Erongo Region, to the Ohorongo cement plant outside Otavi, and a delivery agreement has been signed already. Ohorongo Cement and local Elspe Minerals last week signed a supply and co-operation agreement, in terms of which Elspe Minerals, owned by the Kahl family near Omaruru, will supply high quality gypsum to Ohorongo. “The gypsum prospect, situated in the Namib Naukluft Park, close to Swakopmund, is one of the few known g... |
Tanzania sees improving market08 September 2010, Published under Cement NewsEven though plummeting revenues and skyrocketing costs of production typified the Tanzanian cement industry during the first six months of this year, cement manufacturers remain optimistic of good business during the second half. "The cement market is expected to grow further in the second half of 2010. Increased capacity, resulting from recent capital expenditure will place (our) company in a position to take advantage of the expected growth," says Tanga Cement Company Limited (TCC) Board ... |
Decline in real estate sector hits GCC markets07 September 2010, Published under Cement NewsThe GCC cement industry did not perform well during the first half of this year as major real estate projects were halted in the wake of the global recession. According to a Global Investment House report, the performance of cement and building materials companies in the region was adversely impacted due to shelving of major construction ventures. GCC cement companies witnessed 13.8 per cent drop in top line revenues and announced a poor 12.4 per cent decrease in profits for the 1H of 2010.... |
August construction activity increases, Germany07 September 2010, Published under Cement NewsGermany’s construction activity increased in August from the previous month, but the reading was still below the neutral 50.0 mark, a report by the Markit Economics showed on Monday. The seasonally adjusted construction purchasing managers’ index, or PMI, rose to 48.5 in August from 44.8 recorded in July. A PMI reading below 50 suggests contraction in the sector, while above 50 indicates expansion. The latest reading was above the long-run series average of 44.8. Among the three broad ar... |