Cement News tagged under: Trading

RSS feed

Vietnam likely to lack coal for cement production

24 November 2004, Published under Cement News

Vietnam will need 1.3Mt of coal next year, but it is in danger of serious shortage of the material, said officials from Vietnam Cement Corporation (VNCC). The scarcity is attributed to the increasing demand for the coal amongst VNCC’s members and numerous difficulties in supply from Vietnam Coal Corporation (Vinacoal). As of mid-November, Cement Transport and Material Company, in charge of supplying the material for VNCC’s members, has provided as many as 596,500t of coal while its initially ...

Torah Portland Cement

24 November 2004, Published under Cement News

Egypt: Torah Cement’s 1H FY04 financial results, slightly above expectations, revealed impressive 33.5% annual top line growth arriving at LE281.9million, a function of both improved cement prices, with export volumes playing a lesser role. Cement and clinker per ton prices advanced in FY04 respective, 29.9% and 33.6%, annually.  The latter’s larger increase bodes well for Torah Cement in particular as clinker exports represent a hefty 93.3% of total exports. Local demand continues to dimini...

Investors advised to sell shares in...

24 November 2004, Published under Cement News

Analysts at Helaba Trust are advising investors to sell shares in  HeidelbergCement, the German cement manufacturer. According to the analysts,  the worldwide cement market is about to reach the high point of its cycle.  Warning signs are already said to have been seen on the UK property market.  This is expected to place a burden on shares in all companies in the sector,  but particularly on shares in HeidelbergCement, which have registered  significant gains.

UAE cement firms sales

23 November 2004, Published under Cement News

The 11 cement companies in the UAE sold about 10.7Mt of cement in 2003 for an estimated total sales of Dh1.75 billion. The industry employs about 3000 workers and has an estimated investment of around Dh1.8 billion, according to a study by Global Investment House. According to AUCB (Arab Union For Cement and Building Materials), there are currently 12 cement factories in the country — 11 for portland cement and one for white cement. Out of these, six are listed companies. The country has til...

Vietnam to raise cement prices

22 November 2004, Published under Cement News

To prevent further losses, the cement sector must raise prices due to the increasing costs of imported materials,  according to the Vietnam Cement Association.  The sector’s profits are expected to fall this year, after the import prices for coal, electricity, petrol, oil, transport and clinker increased. Profits  fell from VND605 billion in 2002 to VND546 billion last year. Nguyen Van Thien, the association’s chairman, said the rocketing prices of  imported materials directly impacted pr...

Egyptian Cement Output at 2.634Mt

19 November 2004, Published under Cement News

Egypt’s cement output reached 2.634Mt in July 2004, up from 2.498Mt in June 2004, the Central Bank of Egypt (CBE) said in a report.  Local cement sales totalled 2.311 million tonnes in July 2004, compared to 2.388Mt in June 2004 and 2.177Mt in May 2004.  Egypt exported 618,000t of cement in July 2004, an increase from 541,000t and 505,000t  in June and May 2004 respectively.  Egypt’s cement output stood at 28.945Mt in 2003. Local consumption totalled 26.602Mt during the year, while exports st...

Building materials prices soar in Nigeria

18 November 2004, Published under Cement News

A survey conducted by PM Property Guide, Lagos, at building materials markets in the state revealed that the price of almost every building material in the market has increased. Badly hit are products like cement, iron rods, ceramic tiles, etc. A bag of 50kg cement which was sold for N950 in August now goes for N1000. 50 tons of iron rods which was sold for N35,000 now costs between N40,000 and N42,000, a 6x6 ceramic which was sold for N500 now costs N600.

New highway in Paraguay

17 November 2004, Published under Cement News

The executive project report on plans to pave Paraguay’s Concepcion-Vallemi highway will be ready for presentation to the River Plate basin development fund (Fonplata) by end-January, the public works and communications ministry said.   The ministry is seeking Fonplata funds to finance the US$65m, 180km project. Paving works could begin by end-2005, minister Alberto Alderete said in the statement.  Paraguay’s state cement company Industria Nacional del Cemento (INC), which has pledged to supp...

Three Arrested for cement theft

17 November 2004, Published under Cement News

Police authority in Monrovia has confirmed the arrest of three persons in connection to an alleged dubious act of reducing the quantity of cement produced by CEMENCO from its original size of 50kg, thereby making the public to believe that the corporation was reducing its products to the detriment of its customers. The suspects were arrested on last Friday on board a truck marked TT-0113 that was conveying cement. According to an investigation conducted by this paper, the three suspects w...

Demand for cement estimated 33Mt by 2008

15 November 2004, Published under Cement News

According to Al-Sharq Al-Awsat newspaper (November 11, 2004), a recently publicised study by the Egyptian Hermes Group foresees the demand for cement in Saudi Arabia to continue to grow until 2008. The study foresees a downward trend in the demand for cement in the Kingdom through the years 2008-2012. The study estimated the cement consumption in Saudi Arabia at 33Mt in 2008 compare with current 22Mt.