Cement News tagged under: international
UK construction double-dip risk07 September 2010, Published under Cement NewsThe UK construction industry is heading for a double dip recession, according to the latest industry forecasts published by the UK-based Construction Products Association (CPA) on September 6. The CPA foresees that construction will be the first major sector to fall back into recession following a temporary recovery in the first half of this year. In the second quarter of this year the construction industry output of the UK jumped 8.6 per cent quarter on quarter, the strongest rise sin... |
Mainland China steps up consolidation07 September 2010, Published under Cement NewsMainland China renewed its effort yesterday to consolidate key industries - such as cement, steel and vehicles - by issuing measures that would allow more private capital to invest in key sectors and permit company mergers across provincial borders. For several years the central government has with little success been urging companies in the vehicle, cement, steel, machinery, rare earth and aluminium industries to consolidate through mergers and acquisitions. The goal is to form several gia... |
Pakistan dispatches and sales down due to floods07 September 2010, Published under Cement NewsTotal dispatches and sales of cement from plants across Pakistan were affected due to rains and devastating floods witnessed during August. This pattern is likely to continue into September due to infrastructure damage and Eid holidays. According to a report by Karachi-based brokerage house, Invest Ca, total cement dispatches declined by 19 per cent YoY last month to 2.4Mt. A significant 25 per cent YoY decline to 1.48Mt was witnessed in local dispatches during Aug-10, which can be attribu... |
Australian construction contracted for third month07 September 2010, Published under Cement NewsAustralia’s building industry shrank in August for a third straight month, a sign the central bank’s six interest rate increases between October and May are eroding demand for new dwellings. The index was little changed at 43.2 points from 43.3 in July, according to a survey by the Australian Industry Group and Housing Industry Association released in Sydney today. A reading below 50 shows the industry is contracting. Australia’s central bank will keep borrowing costs unchanged today for a... |
National Cement FY profit up 18%, Egypt07 September 2010, Published under Cement NewsEgypt’s National Cement achieved an 18 per cent increase in annual net profit as its sales inched higher, the company said in a note to the stock exchange on Monday. The firm’s unaudited net profit was E£321.7m the note said. Sales by volume in the fiscal year to June 30 were 3.1Mt, up from 3Mt last year. National Cement, majority controlled by state-owned Chemical Industries Holding Co., produces and trades cement, clinker and other related construction materials. |
Lafarge Cement Zimbabwe improvements07 September 2010, Published under Cement NewsLafarge Cement Zimbabwe has seen a marked improvement in its operations as a result of the enhanced economic situation and significant stakeholder intervention, the company has said. The cement producer has indicated that it is targeting to increase its production output to 90 per cent of its installed capacity of 450,000t in the upcoming year. It is presently operating at 72 per cent capacity. Said Lafarge’s managing director Mr Johnathan Shoniwa: "As a company, we have started seeing sig... |
China Resources eyes 33% share in Southern China market07 September 2010, Published under Cement NewsChina Resources Cement Chairman ZhouJunqing said the company aims at boosting its market share in the Southern China to 33% within three years. As China’s Ministry of Industry and Information Technology plans to eliminate unqualified cement enterprises and over 3,000 Chinese cement enterprises do not have dry-process kiln technology, Zhou believed China Resources Cement’s business opportunities will surge. The company targets an output capacity of 50Mt by the end of 2010 and expects to boo... |
Siam Cement likely up on court ruling06 September 2010, Published under Cement NewsSiam Cement likely to rise as court late yesterday rules almost all of their suspended projects in Map Ta Phut can proceed normally; but PTT Chemical may still be under pressure as license on its project withdrawn. "Investors may be confused in the case of PTTCH, but the project is small and doesn’t have much of an impact on its earnings as most of its revenues are derived from ethylene products," says Far East Securities analyst Parin Kitchatornpitak. Adds PTT’s gains may be capped by uns... |
Farmers rally protests on cement plant by Nirma06 September 2010, Published under Cement NewsFarmers today held a rally in the district to protest the proposed construction of cement plant by Nirma group allegedly on farming land. The rally, held in Doliya village of Mahuva taluka, was led by rebel BJP MLA Kanu Kalsariya in which state Congress leaders Arjun Modhvadia and Kuverji Bavaliya were also present. "I will ensure that under no circumstances the cement plant is constructed in the district," Kalsariya said addressing the farmers. The state government was working with the Ni... |
Minister orders for fresh cement tests, Nepal06 September 2010, Published under Cement NewsMinister for Commerce and Supply Rajendra Mahato and Department of Commerce, which falls under his jurisdiction, are apparently at loggerheads on DoC asking six cement companies to stop production after samples of their products were found to be substandard in a laboratory test conducted by the department. The minister has asked DoC to nullify previous quality test by the Department of Standard and Measurement and ordered for a new test of fresh samples. We have got new test orders from Min... |