Cement News tagged: International
Foreign players seen in race for Andhra cement
Andhra Pradesh-based Rain Commodities is said to be looking at either partially divesting its stake in its cement business to a strategic partner or entirely selling off the 1.5Mt cement unit, accordi
Orascom in Libya
Orascom Construction Industries announced that it was awarded a US$40m subcontract by F.L.Smidth of Denmark, a leading global equipment supplier, for the supply of steel structures and plate work in a
Lafarge to build replacement cement factory in Aceh, Indonesia
Lafarge said it will build a new cement factory in Aceh with an annual production capacity of 1.6Mta to be operational in 2008.
Govt has yet to approve sale of Cemex’s shares
State Minister for Indonesian State Enterprises Sugiharto said that he had not yet given approval to Cemex SA’s proposal to sell its 24.9 percent stake in PT Semen Gresik (SG) to a local conglom
Cement consumption reaches 9.79Mt
Vietnam used 3.15Mt of cement in April, up 10 per cent on-year, brining the total figure to 9.79Mt in the first four months of this year, according to the Ministry of Construction. The increase is at
Private sector to set up cement factory in Garmsar
Private sector is to establish a cement factory in Garmsar of Semnan Province, that would be the biggest one across the country, Hossein Sobhani, an official in the province’s governor-generalship tol
Pakistan cement output down
Pakistan’s cement output fell by 18 per cent to 1.5Mt in April from the March level, but output for the 10 months through April was 11 per cent higher than a year ago, an industry spokesman said
Peruvian cement exports up
Peru exports of cement jumped 27 per cent year-on-year in the first quarter of 2006 to US$7.77m the country’s exporters’ association Adex said on May 5, 2006. The exports of cement type po
Baticim places best bid for Limas port
Turkish cement producer Baticim gave the best bid of US$45.25m for Limas, which operates a port in Izmir. The best bid was well above the minimum estimated value of USD 32m, set for the company before
Lafarge to invest in Chhattisgarh cement plant, India
Lafarge India Pvt Ltd, a subsidiary of the Lafarge Group, plans to invest Rs.7bn ($156m) to raise the cement production capacity of its Chhattisgarh unit from 1.5Mta to 3.5Mta.
Positive outlook on cement sector, Saudi Arabia
According to data currently available, writes Global Investment House of Kuwait, projects currently under execution in the GCC amount to about $620bn. Out of these, Saudi Arabia is believed to account
Argos looks to US to propel sales, Colombia
The top executive at Colombian cement company Cementos Argos Friday said he expects acquisitions in the US to propel sales this year to $1.3bn, up from $942m in 2005.
Gresik reports sharp increase in net profit, Indonesia
State-owned cement maker PT Semen Gresik reported Rp287.3bn (US$32m) in net profit in the first quarter of this year, up from Rp115.4bn in the same period last year.
Shree Cement to set up new plant, India
Shree Cement is planning to set up another 1.5Mta cement plant (Unit-V) at the Pali district in Rajasthan, India.
Minister reviews cement achievements, Iran
According to the “Tehran Times”, Iran’s Industries and Mines Minister deputy, Mohammad Basiri, announced that the cement industry, through the production of 32.65Mt of cement, had kept 99 per ce
Cement prices jump in Grenada
The construction industry in Grenada will be hit by an almost 30 per cent increase in the price of cement as soon as the next shipment arrives.