Cement News tagged: International
Cement production up by 3.5% to 1.6Mt in June
Ukrainian cement production rose 3.5% in June 2008 compared with June 2007, to 1.56Mt.
Chinese cement prices up 3.12% in June
Prices of ordinary Portland cement reached CNY 321/t, inching up 1.9% from the previous month. Those of Portland slag cement reached CNY 369/t, 3.07%; and those of compound Portland cement, CNY 302/t,
Algeria, Iran sign EUR220m cement plant deal
Iran and Algeria signed an agreement to build a cement plant at a cost of EUR220m in the north African country, the head of the Algerian Chamber of Commerce and Industry (CACI)
India cement-makers’ profits set to slump
The Indian cement industry is set to see some tough times, according to the Business Standard of India, with margins likely to fall further in the June quarter.
Venezuela stake in cement makers will be defined in August
Venezuelan President Hugo Chávez decreed the nationalization of foreign-owned cement companies last April and stressed that the government would own at least 60 per cent of the shares in each firm.
Inteco seeks buyer for its cement stake, Russia
Inteco, owned by Elena Baturing, is seeking a buyer for its stake in the cement business.
Brazil’s June cement sales rise 13.9% YoY
Cement sales in Brazil rose 13.9% in June compared with the same month last year, to 4.21Mt, according to figures Monday from the National Cement Industry Association (SNIC).
Konya invests TRY 1.1m in Mersin facility, Turkey
Turkish cement producer Konya Cimento is to invest TRY 1.09m in a ready-mix concrete plant, located in the city of Mersin
ETA Star to build cement plant at Ras Al Khaimah, UAE
Gulf News reported that Dubai based reported that ETA Star Group, a property developer and construction company, will be investing US$150m
Gresik to spend more for investment projects
State-owned cement maker PT Semen Gresik said it may spend 15 per cent-20 per cent more than US$1.22bn it previously estimated to finance its investment in the next five years.
Thailand’s Siam City Cement 2Q08 earnings to be flat YoY
Siam City Cement (SCCC) is expected to report a 2Q08 net profit of Bt942m, flat YoY but down 7.1% QoQ.
Italy Italcementi wins wind farm licence in Turkey
Italcementi has won a licence for the construction of a wind farm in Turkey.
Iraq opens state firms to foreign investors
Iraq hopes by year-end to conclude production sharing deals with foreign firms to renovate 35 major state industries
Ciments du Maroc borrows US$274m for new plant
Moroccan cement producer Ciments du Maroc signed a MOD2bn (US$274m) loan agreement with five banks to help finance a new factory due to start production in March 2009, the company said.
Indonesia’s H1 cement consumption rises 21 per cent
Indonesia’s cement consumption during the first half of 2008 surged 21 per cent from a year ago supported by growing construction activities,
Siam Cement: healthy 1H08, but weak prospects for 2H08
SCC’s 2Q08 earnings should be better than earlier expectation due to improving margins for cement and