Cement News tagged under: international
Cemex sees growth potential in Mexico23 June 2010, Published under Cement NewsJaime Elizondo Chapa, president of Cemex’s Mexico division has spoken of how the country is displaying good growth prospects for the company. Without citing figures or statistics, he noted that elements of development including the school sector, road infrastructure and hospitals, represent opportunities for the construction sector, which will benefit Cemex. "The system of provision of services are conducted in many countries, Mexico has little and we see great potential, we believe ther... |
USA: Hercules Cement Co. employees remain on the picket line22 June 2010, Published under Cement NewsUnion employees at the Hercules Cement Co in Stockertown are entering their second week on the picket line. Teamster Local 773 Chief Steward Tim Groller said there has been no contact with company officials since they started striking June 14. The workers are striking over language in their contract that would allow the company to move workers into different roles at the plant at any time for any amount of time, Groller said. Plant Manager Richard Zimmel said the transfer clause is used to... |
German cement consumption falls in line with housing construction downturn22 June 2010, Published under Cement NewsThe economic downturn in Germany has left a sharp decline in cement consumption. Housing currently has a cement consumption share of 22.5 per cent (5.7Mt) – a new low. At the turn of the millennium, the cement consumption share of housing construction was around 36 per cent. Even the non-residential construction, ie, the construction investment, has suffered. After economic growth in 2007 and 2008 with a cement consumption share of last 41 per cent, there was a decline again in 2009, to ... |
Saudi cement, clinker sales up 18.7 per cent22 June 2010, Published under Cement NewsSales of cement in Saudi Arabia remained weak, up only 11.8 per cent YoY, the second lowest growth figure in 16 months. However, due to increased sales of clinker in the kingdom and continued growth of cement exports, the overall sector cement and clinker sales increased by a reasonable 18.7 per cent YoY in May. Meanwhile, private players’ market share increased to 21.5 per cent from 15.8 per cent a year ago and 21.4 per cent in April, according to the latest NCB Capital report on the secto... |
Indonesia: five cement plants make US$646m expansion22 June 2010, Published under Cement NewsFive cement producers are completing new investments worth US$645.6m to bolster production capacity by 11.5 per cent or equivalent to 5.38Mta. The new investment is to bolster national cement production capacity from 46.94Mt to 52.32Mta to anticipate a surge in domestic demand in the next several years. The five cement producers plan to operate the new facilities commercially starting in the fourth quarter of 2010. Data by the Ministry of Industry showed the cement producers are PT Semen ... |
Vietnam: No big changes in cement prices22 June 2010, Published under Cement NewsAccording to statistics of Building Materials Management department (Ministry of Construction), there are 105 cement manufacturers in the country. The capacity of the whole industry could reach 61Mt. Whereas in the sector’s 2010 plan, the manufacturers is only expected to produce in total 53Mt. Demand of the country is estimated about 50Mt. This means that cement production will be at about three million tonnes in excess this year. In May, cement consumption volume was only 4.3Mt, down 14.... |
Cement, steel prices in Vietnam expected to climb21 June 2010, Published under Cement NewsRetail prices of cement and steel products were expected to increase by the end of this year because of unexpected fluctuation on the domestic market. Nguyen Tien Thoa, head of the Ministry of Finance’s Pricing Department, said the prices would increase because distribution was not adequately controlled and demand was increasing. Besides, some enterprises did not abide by price stabilisation regulations so the prices would go up in the building season, which began this month, he said. |
Egypt to pump US$317m into state holding firm21 June 2010, Published under Cement NewsEgypt expects to pump EGP1.8bn next fiscal year into state-run Chemical Industries Holding Company, which controls several listed firms, the state news agency, MENA, said on Friday. The investments include EGP695m for the country‘s cigarette monopoly Eastern Company and RGP246m in National Cement Company, the report said, citing Investment Minister Mahmoud Mohieldin. National Cement, one of the largest remaining cement producers with a public sector majority, produces and trades in cemen... |
China: building material sees faster growth in value-added output21 June 2010, Published under Cement NewsThe value-added output of China’s building materials industry increased 20.3 per cent YoY in May this year, a growth 0.5 per cent higher than in April, according to statistics released by the China Building Materials Federation. Last month, the country’s cement output rose 18.3 per cent YoY to 171.53Mt. The factory price of cement from key enterprises stood at RMB293.5 (US$43.16) per metric tonne on average in May, up RMB 0.9 per metric tonne from the previous month. In the period from J... |
Cement industry in the GCC - a mixed performance21 June 2010, Published under Cement NewsThe Gulf Cooperation Council (GCC) cement industry witnessed a mixed performance following the credit crisis wave that halted major real estate activity and construction projects affecting cement and building materials companies, according to the latest Global investment House Report. Although GCC cement companies recorded 13.1 per cent decline in top line but witnessed quite an increase in the bottom line with the support of non-core income. Net income increased from US$353.9m in 1Q09 t... |