International

11 October 2005

Changes ahead for China markets?

With Chinese cement consumption likely to top the 1bn tonne level in 2005, industry specialists suggest that growth in consumption is likely to moderate significantly in 2006-2007 as Chinese governmen

10 October 2005

Vietnam’s cement prices likely to increase

The Government will allow the Ministry of Construction and the Vietnam Cement Association (Cemas) and other cement producers to submit a plan to bring nationwide cement prices in line with regional ra

10 October 2005

China’s Jan-Aug cement output rises 9.7%

China produced 640.03Mt of cement in January-August 2005 and 91.53Mt in August alone, a 9.7 per cent and a 14 per cent YoY increase, respectively.

10 October 2005

IFC grants credit facilities to Obajana Cement

International Finance Corporation (IFC) granted a cumulative sum of U$196.4m credit facilities to five Nigerian companies in its last financial year. The companies are Obajana Cement Plc, a subsidi

10 October 2005

Cement exports surge on Gulf construction boom, India

The construction boom in the Gulf region has pushed cement exports from India to a new high of 0.5Mt in August ’05. Industry officials said that cement exports from India have

10 October 2005

Moscow city Government calculates losses from Eurocement

Moscow city authorities estimate the construction sector’s losses from hikes in the Eurocement group’s prices at R1.0bn. The sector uses 1.2Mt of cement on average in social housing constr

10 October 2005

Iran, Venezuela to build cement plant in Monagas

Venezuela’s Basic Industries and Mining Minister Victor Alvarez Saturday announced that Caracas and Tehran had signed a joint venture agreement on the establishment of a cement factory in the Venezuel

10 October 2005

Italcementi to bid for Turkish Plants

Italian cement group Italcementi is keen to take part in a tender to acquire five plants of Turkish cement group Rumeli, Italcementi’s CEO Carlo Pesenti said. The tender will be held in the week

07 October 2005

Office to probe cement prices

The Commerce Commission intends to investigate cement prices supplied for wholesale and retail purposes in Fiji and overseas.

07 October 2005

Russia’s Eurocement Group sees invest at $560 mln in 2005-2008

Russian cement producer Eurocement Group expects its investments to total U.S$560m in 2005-2008, the group’s President Mikhail Skorokhod said Thursday at a round table on cement prices.

07 October 2005

Cement sales grow by 9.3 % in first quarter

Total sales of cement during the first quarter of the current fiscal reached 4.474Mt showing a growth of 9.3 percent over the corresponding period last year when the total sales amounted to 4.093Mt.

07 October 2005

Cement shortage looms in eastern Africa

An acute shortage of cement is looming in eastern Africa following the return of peace in Sudan and the easy calm in the Democratic Republic of the Congo, which has sparked a vibrant economic environm

06 October 2005

Vietnam likely to increase cement price

Vietnam will bring nationwide cement prices in line with regional rates at the beginning of 2006, the Ministry of Construction said.

06 October 2005

Cement plant investment, Yemen

Three cement plants worth a total $500m will be built in southern Yemen in joint Saudi-Yemeni projects. According to forecasts, their capacity will be 3Mta. Reportedly, the three plants are the first

06 October 2005

Garadagh Cement disagrees with act on results of tax inspection, Azerbaijan

Garadagh Cement intends to fight with the final act on resuls of tax inspection at the Ministry of Taxes, Uwe Koehler, the President of Garadagh Cement company, told Trend on Tuesday.

06 October 2005

Bacnotan to Invest PHP1B, Philippines

The board of Bacnotan Consolidated Industries Inc. (BCI.PH) has approved the appropriation of PHP1bn for future investments. The Philippine investment holding concern