International

17 May 2005

Indian cement production up 7.24 per cent

Cement production clocked a 7.24 per cent rise in April at 11.41Mt as against 10.49Mt in the year ago month. Dispatches grew by 9.25 per cent to 11.46Mt from 10.49Mt during the monthly review period,

17 May 2005

High prices in Saudi

The Saudi Ministry of Commerce has been forced to intervene in the cement market to bring the prices down. Reaction to the move by the Ministry of Commerce was mixed. Distributors were apparently comf

16 May 2005

Indian Cement industry to face continued oversupply?

With more than 6 million tonnes of capacity addition in the pipeline in the next three years, the Indian cement industry could continue to remain under the surplus condition. As per the estimates, OCL

16 May 2005

Government Approves Semen Gresik’s new plant

The Government of Indonesia approved the plan of PT Semen Gresik Tbk to develop a new cement facility at the investment value of US$400m to boost its production capacity. The President Director of

16 May 2005

South Africa’s April cement sales soar

South African cement sales soared by 28 per cent year-on-year (y/y) to 971,604t after climbing by only 2.1 per cent y/y in March 2005 to 924,652t. The y/y comparisons are distorted by Easter falling

13 May 2005

Laos cement update

With more than US$10m being used to buy imported cement, news that a local factory is pushing ahead with production improvements is welcome news to government planner. Vanvieng Cement Factory with a p

13 May 2005

Rajasthan may slip up on cement output

The largest cement producing state in India, Rajasthan, where no substantial capacity additions have occurred in the past five years, will soon be required to enhance production capacity in the state

13 May 2005

China’s output of cement in March 2005

China produced 72.794Mt of cement in March 2005. The output in January-March reached 172.296Mt, up 1.2 per cent year on year, according to the National Bureau of Statistics. In

13 May 2005

Philippines Republic Cement sees tough year

Republic Cement Corp, part of the worldwide Lafarge empire, expects a tough year in 2005 as it grapples with rising production costs, continued tight government spending on infrastructure, and a possi

12 May 2005

US$320m cement company to be established in Saudi Najran

An SAR1.2bn (US$320m) cement company is currently under establishment in Najran, southern Saudi Arabia, local media reported. The company, called Al Rub’a al-Khali Cement,

12 May 2005

Higher demand pushes Holcim Romania Q1 turnover

Holcim Romania said on its first-quarter turnover rose 10% YoY as a result of higher demand on the local cement market. The company posted EUR 16m in sales through

12 May 2005

Eurocement acquires Baltsem, Ukraine

The Eurocement Group (Moscow), has acquired a controlling stake in the Baltsem plant (Balakliia, Kharkiv region), one of the three major cement producers in the Ukraine. As

12 May 2005

Indocement sees better sales

Indonesia’s second-largest cement maker, PT Indocement Tunggal Prakarsa Tbk , said it expects better operating results this year, though rising interest and mortgage rates could dent housing dem

12 May 2005

Sebi gives Holcim okay for Ambuja Eastern open offer

After a four-month delay, Holcim on Wednesday received the go-ahead from Sebi to make its open offer to minority shareholders of Ambuja Cement Eastern (ACEL), who have a five per cent shareholding in

11 May 2005

Yemen to increase cement production

Yemen is to increase its cement production to 6Mt by 2007, Minister of Industry and Trade Khaled Rajah Sheikh stated.In his remarks to the press, the minister added that the ministry

11 May 2005

High oil prices fuel construction growth

High oil prices are helping to accelerate the momentum of Bahrain’s construction sector and its rising contribution to GDP is set to continue, says The Nass Group Executive, Sameer Abdulla Nass, whose