Anil Ambani group to invest INR105bn in Gujarat
The Reliance Anil Dhirubhai Ambani Group (ADAG) Tuesday signed three accords worth Rs.105
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Bolivia new plant
Venezuela and Iran plan to loan Bolivia $225 million to create a state cement company for the construction
Indian cement cos buoyed as imports from Pakistan dry up
Indian cement companies heaved a sigh of relief with imports from Pakistan almost grinding to a halt after the Government imposed a countervailing duty on imports.
Cyprus: Jobs at risk from rising cement costs
According to the head of the Federation of Constructors’ Associations, Nicos Kelepeshis, around 200-300 construction workers are
US cement consumption down through October 2008
According to the USGS (U.S. Geological Survey) cement consumption declined 14.1% during the first 10 months of 2008 compared to the same period in 2007.
TPI Polene: Sharp decline in 4Q08F earnings, Thailand
TPIPL is expected to post 4Q08 normalised earnings of Bt85m, down 45% YoY and 85% QoQ.
Brazil cement sales up 14.3 per cent
Brazil’s domestic cement sales rose 14.3% last year to 51.105Mt, according to figures Monday from the National Cement Industry Association (Snic)
Realisation of Semen Gresik loan delayed
The realisation of dollar-denominated loan worth US$600m by PT Semen Gresik Tbk is delayed from the end of 2008 targeted previously.
Iran: cement output up 14%
Iran produced 34.658Mt of cement in the first nine months of the current Iranian year (March 19-Dec. 20, 2008), showing a 14-per cent rise compared with the corresponding figure...
Giant Cement layoffs
Giant Cement Company is laying off 45 of its hourly and salaried employees, company officials said Monday.
Strike won’t affect Polpaico’s operations, Chile
A workers’ strike at Chilean cement firm Polpaico’s concrete producer Pétreos will not affect the company’s production, a Polpaico official told BNamericas.
India: Dec cement surge could last up to May
The Indian government’s stimulus package-driven boost to infrastructure has caused a demand pick-up in the cement sector. However,
UAE sees 10% fall in cement prices
Cement prices in the UAE have fallen by almost 10 per cent since the last week of December due to declining demand
India cement cos expected to perform better in Q3
The 206.46Mt cement industry is expected to post better financial performance in the third quarter of FY09 ending December 2008, as compared to the two previous quarters, say ex...
Pakistan cement exports to India comes to a halt
Cement export to India has come to a complete halt following the imposition of 12 per cent duties on its import by the Indian government, industry sources said on Friday
Malaysia: analysts mixed on cement price outlook this year
Although major construction material costs in Malaysia have come down recently, analysts are mixed on the outlook for the price of cement this year.
Four projects approved, Vietnam
It is reported that Vietnamese ministry of construction has proposed to the government to approve four cement projects with a combined capacity of 2,500tpd of clinker.
Burnpur board approves unification of two phases at Patratu
Burnpur Cement has announced that the board of directors has given ’in principal approval’ for combining the phase I and phase II
Lafarge sees larger pie from India
Lafarge has said that the contribution of emerging markets such as India to its bottomline may be bigger in two years than previously estimated.
Philippines hope of rebound this year on massive govt infra spending
Plans for massive infrastructure spending to stimulate the economy in 2009 have given hope for the beleaguered cement industry to make a rebound this year and achieve a modest t...
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