Cement News tagged under: international
India cement companies facing pressures24 June 2010, Published under Cement NewsIndian cement producers are facing the impact of overcapacity together with pricing pressures and higher input costs. Every year, cement prices soften during the monsoon as lower construction activity results in lower cement offtake. A report by Live Mint, however, shows that this year, cement prices fell much before the onset of the monsoon. By end-April, they were down Rs10-20 per bag in almost all regions. Currently, prices are down by Rs40-60 per bag compared with that in April. Price... |
South Africa: Lobby group calls for government to weaken rand24 June 2010, Published under Cement NewsThe Manufacturing Circle, a lobby group made up of companies such as Pretoria Portland Cement, the PG Group, Hulamin and ArcelorMittal, has urged the government to intervene and reduce the value of the rand. Stewart Jennings, CEO of glass manufacturer PG Group and chairman of the Manufacturing Circle, said yesterday that a stronger rand was compromising the growth of the important and job-creating manufacturing sector. The group cited the examples of Germany, the UK and southeast Asia, whi... |
Gas supplies to affect Mahilyow region, Belarus23 June 2010, Published under Cement NewsCement manufacturers in the Mahilyow region of Belarus have acknowledged that the reduction of gas deliveries to Belarus would seriously affect their output. The Belarusian Cement Plant in Kastsyukovichy and PRUP Krychawtsementnashyfer in Krychaw accounts for up to 50 per cent of the production of cement in Belarus. The country’s third cement plant is situated in the city of Krasnaselski, Hrodna region and produces up to 2Mta of cement. In an interview with BelaPAN, Ihar Lazhachnikaw, chie... |
Cemex, Rostec unite to build US$120m Durango roads23 June 2010, Published under Cement NewsCemex will build 10 new roads in Durango state’s La Laguna region, local paper El Economista reported. The roads span 327km in total, and construction of the first 27km has already begun. The project’s total cost is estimated at 1.5bn pesos (US$120mn). The initiative was awarded to Cemex via a public service provision (PPS) scheme, according to Cemex Mexico president Jaime Elizondo. Cemex is carrying out the work in partnership with local firm Rostec. The 20-year PPS contract also involve... |
BRC in talks for Brazilian investments23 June 2010, Published under Cement NewsBRC Cimento started breaking ground at Rosario Oeste (Mato Grosso) with plans to set up a 2Mta cement plant, and also have to other similar units in the North and Southeast regions of Brazil. The group aims to achieve a sizeable capacity of 8Mta preferably via partnerships. The company has already engaged in negotiations with other local players such as CSN Cimento, Votorantim, Camargo Correa and also with Mexican major Cemex. |
Global majors in line for India’s Murli Industries – report23 June 2010, Published under Cement NewsLafarge, CRH and HeidelbergCement are among the parties interested in acquiring Maharashtra cement company Murli Industries Ltd, the Business Standard reported on its website Wednesday, citing two sources with direct knowledge of the developments. Companies have submitted non-binding bids for the business and are conducting due diligence, the website reported. Motilal Oswal and Macquarie are thought to be advising on the sale, the website reported. |
Beni Suef blames power supply for delay to second line23 June 2010, Published under Cement NewsMisr Beni Suef Cement (MBSC) is preparing to submit a memo to Eng. Rachid Mohamed Rachid, Minister of Trade and Industry, to announce irresponsibility of company’s second production line delay as the Ministry of Electricity delayed in providing the company the electricity it needs for production line operations. Farouk Moustafa, company’s Managing Director, stated that representatives of the company and Ministry of Electricity’s officials held a meeting last week to discuss providing the c... |
Romania’s 1Q cement output drops 30% YoY23 June 2010, Published under Cement NewsRomania’s cement production dropped 29.9% in the first quarter, at 704,000t, from 1Mt in the same period a year ago, according to the cement companies’ association CIROM. Moreover, the local cement sales saw a 37% decline on the year in January to March, from 1.08Mt to 682,300t. Romania did not export any cement or clinker in the first quarters of 2010 and 2009. On the other hand, the imports of cement and clinker totalled 20,500t in January and February. |
Shree lines up Rajasthan investments, India23 June 2010, Published under Cement NewsShree Cement will invest INR450 crore this year to set up clinker and grinding units in Rajasthan, said a senior company executive. "We will fund these projects by internal accruals," said managing director HM Bangur. "We expect a surge in demand early next year by when these units will be functional." Shree Cement had cash reserves of INR2000 crore in the year ended March 2010. The cement from these two units will cater to the north India market, which has been witnessing a 10% annual grow... |
China Resources Cement to acquire assets from Universal23 June 2010, Published under Cement NewsChina Resources Cement Holdings Ltd has inked a framework agreement with Universal Cement Corp to acquire its six affiliate cement companies for a total of HK$820m. After the purchases, the Hong Kong-listed firm will own a clinker production line, three cement lines and two concrete lines, which are all located in Huizhou, Guangdong Province and are designed to produce 992,000t of clinker, 3.45Mt of cement and 1.2Mm3 of concrete per year. In addition, China Resources Cement will add ... |