International

25 October 2005

Pueblo debate on new $200m plant while shortages mount

Mexican cement manufacturer GCC is close to investing $200m to build a new plant in Pueblo. It comes at a time when shortages of cement are reportedly delaying construction projects around the state.

25 October 2005

Government backs embattled cement company

The Namibian Ministry of Trade and Industry says it will see to it that the new Cheetah Cement Company is not squeezed out of business by South African suppliers and their local distributors. Trade an

25 October 2005

Anhui Conch 3Q net profit down

China’s largest cement maker Anhui Conch Cement Co Ltd said its third quarter net profit fell 9.4 per cent year-on-year to 119.2 mln yuan, with market demand weakened by the government’s m

24 October 2005

Indian cement prices

Indian cement prices are expected to rise this quarter by Rs 5-7 per bag, owing to better demand in both domestic and overseas markets. The average price of cement in India now is around Rs 155-165 fo

24 October 2005

PM approves construction of Do Luong cement factory

The Vietnamese Prime Minister has approved the construction of Do Luong cement factory in the central Nghe An province with a total capacity of 3Mt of cement a year. The construction is divided into t

24 October 2005

No cement supply problems in Sarawak

The Domestic Trade and Consumer Affairs Ministry’s enforcement division in Sarawak has not received any complaints of cement shortage, including from developers. Its director, Mohamed Mokhtar Ye

24 October 2005

Cement output to double in next four years

All Pakistan Cement Manufacturers Association (APCMA)’s Vice Chairman, Babar Bashir told that currently 18Mt of cement was being produced annually. He told that the mounting demand of cement in genera

24 October 2005

Weak construction sector hits South Korean cement

South Korea’s cement industry remains in the dumps as the government’s anti-speculation measures have led to a drastic contraction in construction business, industry sources said Monday. S

21 October 2005

Askale Cimento buys Trabzon cement

Askale Cimento placed the highest bid of US$81.25m in the tender held bythe SDIF (Saving Deposit Insurance Fund) for the sale of Trabzon cement plant, previously owned by the Uzan group. Seven investo

21 October 2005

Siam’s cement business outlook

Analysts estimate that Siam Cement’s sales volume will grow 8% on year to 2.69Mt thanks to more construction works in the domestic market, despite the rainy season in the third quarter. However, sales

21 October 2005

Iran’s cement market will stabilise

A senior cement industry official expressed hope that the cement market will return to normal following plans to establish new mills and the much-anticipated decline in demand with the approach of win

21 October 2005

Lafarge leads a further British price increase

Market leader Lafarge has announced a price increase of 6.5 per cent for bulk cement in Great Britain from the 1st of January 2006. This would come into effect only nine months after a similar price

20 October 2005

Peru cement sales up in Sept 2005

Peruvian domestic cement sales increased to 389,416t in September 2005, up 11.6 per cent year-on-year, the Peruvian Association of Cement Producers (Asocem) reported on October 18, 2005. Peruvian cem

20 October 2005

Limak buys Ergani cement plant for US$120.7m

Limak won the tender held for the sale of Ergani cement plant with US$120.7m bid. The SDIF (Saving Deposit Insurance Fund) previously set the minimum estimated value for the

20 October 2005

IFC Provides loans to Anhui Conch Cement

The International Finance Corporation (IFC) today signed a contract to provide 650 mln yuan in loans to Chinese cement producer Anhui Conch Cement Company. The loans funds derive from IFC’s rece

20 October 2005

Cement consumption in Spain up again

Cement consumption in Spain rose 4.85 pct year-on-year in the first nine months of 2005 to 37.99Mt, the Spanish cement makers association Oficemen said on October 18, 2005. Cement consumption in the