Cement News tagged under: international
Darbari out of race for CCI chief, India09 August 2010, Published under Cement NewsThe counsel on behalf of the Union of India has given a statement in the Delhi High Court today that TS Darbari will not be appointed as the Chairman of the Cement Corporation of India (CCI). The move comes after numerous allegations of financial misappropriations in the Commonwealth Games were levelled against Darbari.Published by HT Syndication with permission from Bureaucracy Today. |
West China Cement in up to US$179m Hong Kong IPO09 August 2010, Published under Cement NewsWest China Cement Ltd plans to raise up to US$179m in a Hong Kong initial public offering, a term sheet obtained by Reuters on Monday showed. West China, the second-largest cement producer in terms of production capacity in 2009 in Shaanxi province, was selling 823.1 million shares, or 20 percent of its enlarged share capital, at HK$1.21 to HK$1.69 per share, the term sheet said. The company, which plans to delist from London’s Alternative Investment Market, kicked off an IPO marketing roa... |
Builders petition CCI, accuse cement firms of cartelising09 August 2010, Published under Cement NewsBuilders have moved the Competition Commission alleging that cement firms, including Aditya Birla group firm Grasim, ACC, Gujarat Ambuja and others, have formed a price cartel and it is costing them dearly. Through their apex association, builders have formed a united front against major cement manufacturers, accusing them of forming a cartel and hiking rates of the building material artificially. The Builders Association of India (BAI) has alleged before the CCI that the Cement Manufact... |
Banco Products to invest in new Tanzanian plant09 August 2010, Published under Cement NewsBanco Products is planning to invest US$12.3m in Lake Cement, a Tanzanian Company which is to set up greenfield project at Kimbiji, near Dar es Salaam. The project cost is estimated at US$70m and equity is to be US$24m. The capacity planned is 500,000tpa. Commercial production will begin from 2013 and market share for Lake Cement is envisaged to be about 11% at full production level. |
Saudi Arabia: Local cement production down09 August 2010, Published under Cement NewsA new report by the Saudi Ministry of Trade and Industry has indicated that the actual production of local cement companies in Saudi Arabia declined during the first half of this year by 4 per cent to 18.8Mt, compared to 19.6Mt in the comparable period last year. Eng.Omar al Amer, the Director General of "Qassim Cement Company", explained the reasons for the decline, saying it was connected to "the continuing suspension of exports and increased production capacities following the entrance o... |
Irish construction activity continues to decline09 August 2010, Published under Cement NewsActivity in the Republic of Ireland’s construction sector continued to contract in July, albeit at the weakest rate in three years, new survey data showed. Markit Economics said on Monday that the Ulster Bank construction purchasing managers’ index rose to 45.0 in July from 44.9 in the previous month. A reading above 50 indicates expansion while one below suggests contraction. All three of the sub-sectors monitored by the survey posted a decline in activity in July. The rate of contraction... |
US May shipments 1% higher YoY06 August 2010, Published under Cement NewsThe US Geological Survey (USGS) reports that total shipments of Portland and blended cement in the United States and Puerto Rico for May 2010 were about 6.3Mt. This was about 1% higher than shipments in May 2009. Shipments through May were about 25.1 Mt, down by about 6% from those of the same period in 2009. The leading producing States (Texas, California, Missouri, Florida, and Pennsylvania, in descending order) shipped 41% of the May total (table 1A). The leading consuming States (Texas... |
Taiwan Cement expects sales growth in Taiwan and China06 August 2010, Published under Cement NewsTaiwan Cement Corporation, Taiwan’s leading producer of cement, recently predicted substantial sales growth both in Taiwan and China in the second half of this year. After securing a 30% year-on-year growth in sales in the first half, Taiwan Cement vice president C.C. Huang forecast a 30% year-on-year growth in domestic sales in the second half based on rising selling price of imported cement. In addition, the company`s market share will reach over 40% in Guangdong province, China based ... |
Lafarge plant in Frangey at risk of closure06 August 2010, Published under Cement NewsLafarge may decide to close its site in Frangey, north-central France, which employs 78, according to economic news Internet site Challenges, which quoted trade union sources. The nearby storage centres of Cormeille and Bonneuil may also be closed. Lafarge may announce the plan in September. The management stated that a decision has not yet been taken. Abstracted from an original article in Les Echos |
Indonesia’s Gresik to lift cement capacity in 201106 August 2010, Published under Cement NewsIndonesian cement maker PT Semen Gresik expects to increase production in 2011 when its new plant in Sulawesi becomes operational. The new plant, currently still under construction, would raise the company’s production capacity to 20.5Mt, PT Semen Gresik President Director Dwi Sutjipto said at a press conference on the sidelines of Investor Day on Thursday. At the end of 2010, PT Semen Gresik would have a production capacity of 19.5Mt, he said. In 2012, production capacity was expected to ... |