Cement News tagged under: international
USA: cement industry revises 2010 forecast downward17 August 2010, Published under Cement NewsDue to delays in an extension of a federal highway bill, cement consumption will not begin a significant rebound until 2013, according to the most recent economic forecast from the Portland Cement Association (PCA). In 2010, PCA anticipates a 2.4 per cent increase in consumption compared to severely depressed 2009 levels. A 6.7 per cent gain is predicted for 2011, followed by an 8.4 per cent increase in 2012. An 18.8 per cent jump is projected for 2013 when highway and street cement consump... |
New grinding plant to be established in Ghana17 August 2010, Published under Cement NewsWestern Diamond Cement Ltd is preparing to erect a grinding plant with 1 million tons cement capacity in Takoradi, Ghana. Diamond Cement Ltd, Ghana is among the core investors. The factory is expected to be operational during 2012. The location of the plant facilitates easy access to the main markets in Western Region and all basic infrastructures are available. Due to the development within the oil sector, the general cement market expects to grow rapidly in the years to come. For the cou... |
WR Grace opens new additive plant in China16 August 2010, Published under Cement NewsWR.Grace & Co. has opened a manufacturing plant in China to make additives used by cement producers. The Chinese economy has been growing rapidly and new construction projects are increasing the country’s need for cement, Grace said. The company did not disclose the cost of the new facility. “This facility is the continuation of our investment strategy in emerging regions and better positions us to benefit from increasing infrastructure spending in Western China,” Andrew Bonham, president ... |
TCC International Holdings to expand cement market to Fujian16 August 2010, Published under Cement NewsTCC International Holdings Ltd has announced that it had completed acquiring Prosperity International Holdings (HK) mainland cement business for HK$3.8bn (US$488m). Leslie Koo, board chairman of TCC International, said that the company’s cement market will expand to many regions of South China, including Guangdong Province, Guangxi Zhuang Autonomous Region, Fujian Province and Chongqing. TCC International’s cement output capacity is expected to reach more than 50Mt at the end of this yea... |
China likely to setup cement factory in Fiji16 August 2010, Published under Cement NewsThe Fijian Government could be working on setting up another cement factory in Fiji, according to Radio Fiji. Prime Minister Commodore Voreqe Bainimarama has invited a cement producing company from China to visit Fiji and see for themselves how they can operate here. Bainimarama says he was approached by the company and he extended the invitation to them. He says there is a need to set up another cement factory in the country so the price of cement could decrease. Bainimarama says this co... |
Nigeria: NRC to commence cement haulage with trains16 August 2010, Published under Cement NewsManagement of the Nigeria Railway Corporation (NRC) has announced its readiness to commence the haulage of over 12,000Mt of cement every week from Ashaka in Benue state and Ewekoro in Ogun state. This will remove a substantial pressure from the road networks, which are suffering from dilapidation having been the only mode of transporting all kinds of cargoes and passengers within the country over the years. Public Relations officer of the corporation, Segun Esan disclosed this during a t... |
India: Steel Authority of India Ltd cement unit to be built16 August 2010, Published under Cement NewsSteel Authority of India Ltd (SAIL) has finalised plans to set up a 2Mt cement unit at Kulti in Bengal close to its IISCO plant in Burnpur. The cement plant will utilise the blast furnace slag generated while producing hot metal at the IISCO unit. The proposed Kulti unit will be SAIL’s third cement plant, taking its installed capacity to 6.2Mt. “The Kulti unit will be in the joint sector and a number of private players, including established cement manufacturers, have evinced interest to p... |
Holcim allots PHP800m for capex this year16 August 2010, Published under Cement NewsHolcim Philippines Inc is allotting PHP800m (US$17.6m) for its capital expenditure program this year to beef up capacity amid an anticipated growth in construction activity. Roland van Wijnen, chief operating officer of Holcim, said the company is positioning itself for an upturn in construction activity and the increase in government led-initiatives to develop infrastructure. “The new government recognises the urgency of putting in place much-needed infrastructure projects to sustain eco... |
CSN eyes overseas cement acquisitions13 August 2010, Published under Cement NewsBrazilian steelmaker CSN plans to expand internationally could begin with the acquisition of foreign cement assets, IR executive director Paulo Penido said during a conference call on the company’s 2Q results. CSN is looking at opportunities in the international market and is considering the purchase of assets in Europe or the US if prices are attractive, the executive said. Acquisitions would also speed up CSN’s plans to boost cement output. The company’s installed capacity is currently a... |
Kyrgyzstan cement production grows by 30%13 August 2010, Published under Cement NewsAccording to the data of National Statistics Committee of KR, the growth rate of cement production in Kyrgyzstan in January-July 2010 was 30%. However, according to a number of suppliers, the only producer of cement in Kyrgyzstan JSC "Kant Cement" after the closure of borders with Kazakhstan began to experience difficulties with the supply of raw materials, which it was importing from neighboring country and that immediately affected the volume and price of cement. As of August 11, the cos... |