Cement News tagged under: international
Indocement sees Indonesia 2010 cement demand up 8%24 August 2010, Published under Cement NewsPT Indocement Tunggal Prakasa (INTP.JK), Indonesia’s second biggest cement producer by capacity, said on Tuesday it sees the country’s cement demand rising about 8 percent to 41.5Mt. "Indocement should beat the national growth by about 2-3 per cent," Christian Kartawijaya, Indocement’s finance director, told Reuters. |
CRH warns of 10% earnings fall24 August 2010, Published under Cement NewsCRH warned core earnings would fall 10 per cent this year as the U.S. economic recovery falters. Worries of deflation and a double-dip recession have dominated investor sentiment in the U.S. in recent weeks and CRH Chief Executive Myles Lee said that although he did not see a return to recession, the softening economic data was not good. "The economic news out of the U.S. has been disappointing and is lagging expectations. It looks now clear that the economic pick up there, while coming th... |
Turkish firm Goltas exported 650,000t cement to Africa in 200923 August 2010, Published under Cement NewsTurkish firm Goltas exported nearly 650,000t of cement to African nations in 2009. Goltas, based in the southern province of Isparta, exported 860t of cement to several countries last year. Exports to Egypt, Libya, Angola, Cameroon, Nigerian and West African nations accounted for 75 per cent of total exports by the company. Sertac Bora Ozyurt, director of Goltas, said on Friday that they were ranked as the 339th biggest company of Turkey in terms of annual sales. |
Nepal: inferior-quality cement23 August 2010, Published under Cement NewsThe government has rightly banned six cement brands for producing and selling products that have been found to be below the minimum standards, says Nepal Republic Media . The government banned the products of Nepal Ambuja Cement Factory, Reliance Cement Pvt Ltd, Agni Cement Pvt Ltd, Narayani Cement Factory, Jagadamba Cement Factory and Butwal Cement Pvt Ltd after sample tests revealed that the products did not contain the necessary ingredients. Until now, some of the companies have been... |
New market study on Indonesian construction industry23 August 2010, Published under Cement NewsIndonesia’s construction industry is anticipated to experience dynamic growth over our forecast period, following its immunity to the global downturn, and continued efforts to attract foreign direct investment (FDI) into the sector, which are paying dues. Between 2010 and 2014 BMI is forecasting real growth of 6.8 per cent on average per year, with nominal value anticipated to triple from IDR721trn in 2010 to IDR2,127trn in 2014. The Indonesian government has been eager to attract privat... |
Camargo Correa invests 100m in Argentinian expansion projects23 August 2010, Published under Cement NewsThe Brazilian cement company Camargo Corrêa announced that in 2010, investments will total US$100m in Argentina, during a meeting between its executives and President Cristina Kirchner, said the government site. Ricardo Lima and Paul Terradas, general managers of Loma Negra and Ferrosur Roca, respectively, both companies of the Camargo Corrêa Group, announced the mandatory investment of US$50m in addition to another 50m in projects already implemented during 2010. Kirchner met wi... |
India: Bharathi Cement may commission phase-II expansion by Q423 August 2010, Published under Cement NewsBharathi Cement, a joint venture of French cement major Vicat, is likely to commission its second phase expansion project by the last quarter of the current fiscal. This would add 2.5Mt production to the company’s existing capacity of 2.5Mt. The company has its manufacturing plant in Nallalingayapalli village, Kadapa district of Andhra Pradesh. Bharathi has formally launched its operations in Goa. “We are glad to begin commercial operations in Goa. The Government intends to boost the infra... |
Turkey’s cement production increases to 24Mta23 August 2010, Published under Cement NewsTurkey’s cement production increased to 24.23Mt in the January-May period of the year. Turkish Cement Producers’ Association said on Sunday that cement production rose 12.2 per cent to 24.23Mt from 21.6Mt in the same period last year. According to the Association, Turkey exported 28 per cent of its total production to the other countries. Turkey’s exports of cement also rose 6.2 per cent to 6.8Mt in the first five months of the year from 6.4Mt in the same period 2009. |
Indian firm to expand Tanzania cement plant23 August 2010, Published under Cement NewsIndia-based Banco Products is investing US$65m in its cement plant in Tanzania, which targets the East African market. The investment follows Banco Products’ acquisitions of 51 per cent stake in the Tanzania’s Lake Cement Company Ltd. Initially, the plant is expected to produce about 0.5Mta of cement. Vimal Patel, chairman of Banco Products told The EastAfrican in Dar es Salaam that the Lake Cement Company had acquired 70ha of land, laden with limestone deposits, and would import coal fro... |
Indonesian Cement Group denounces call for its disbandment20 August 2010, Published under Cement NewsThe Indonesia Cement Association (ASI) on Thursday denounced a recommendation by the Business Supervisory Commission that it be disbanded to avoid the possibility of price-fixing. The recommendation came the day after the commission cleared eight cement producers of charges of collusion, but it said the association should be dissolved because of fears it could provide room for possible cartel practices. Urip Timuryono, the ASI chief, said he was pleased the firms had been cleared but was c... |