Cement News tagged: International
Zuari agrees to pay lump sum in L&T dispute, India
Zuari Cement, a subsidiary of Italian cement major Italcementi, has agreed to pay a lump sum to settle an acrimonious dispute with engineering and construction company Larsen & Toubro (L&T) over unpaid bills, the Economic Times of India reports citing sources familiar with the situation. The amount Zuari Cement is set to pay is undisclosed. Last month L&T filed for arbitration proceedings aga...
China cement plant explosion kills nine
An explosion at the quarry of a cement plant in southern China killed nine people and left one person missing, the official Xinhua News Agency reported, citing local authorities. The blast occurred at around 2:30pm at the Hailuolongshan cement plant in Yingde city in the southern province of Guangdong, when workers were unloading explosives off three trucks, the report said, citing a city g...
Shree Cement to challenge CCI allegation
In an interview with CNBC-TV18, HM Bangur, Shree Cement’s managing director, said the company will challenge the fine imposed by India’s Competition Commission (CCI). Last month, the CCI gave Shree Cement a INR4000m (US$72.19m) fine for alleged involvement in a price-fixing cartel. In total, 12 Indian cement producers were fined by the CCI. Mr Bangur said, the company was given no chance of...
Sri Lanka: Hambantota Port to receive grinding unit and cement storage and bagging facilities
The Sri Lankan government is ready to expand the Hambantota port with the financial assistance of Exim Bank of China and the government of China. Exim Bank of China will provide a US$600m loan and a CNY1bn (US$157m) loan will be given by the government of China. Prior to this, the Sri Lankan government received Chinese government financial assistance to complete the first phase of the port. ...
Minister stresses that Angola still has a cement shortage
Joaquim David, Minister of Geology, Mining and Industry, announced that important projects were underway to curb Angola’s shortage of construction materials, in view of local needs. The official was speaking to journalists in Catumbela Industrial Growth Point (PDIC), ahead of the inauguration of the Cimenfort cement plant, owned by Grupo Genea Angola. Answering to a question whether the ope...
India: protesters ask for cement factory restart
Members of the Cement Corporation of India (CCI) staged a protest outside the residence of Union Labour Minister M Mallikarjun Kharge here on Wednesday demanding that steps be taken to restart the CCI factory at Kurkunta village in Sedam Taluk. Protesters said the factory was closed down in 1998. Of the 430 workers, only 87 got their gratuity. The managing director of CCI had promised in 201...
Property boosts Indonesian cement demand
Fuelled by rising housing demand and subsequent property development, Indonesia saw cement sales increase 12% through the first seven months of the year, according to the Indonesian Cement Association (ASI). Cement consumption rose to 30.86Mt in the January-July period, from 27.54Mt in the same period last year, said Widodo Santoso, ASI chairman. “Housing loans have spurred the developm...
Angola: Cimenfort cement plant inaugurated
The Cimenfort cement plant was inaugurated on Wednesday in the Catumbela Industrial Growth Point (PDIC), central Benguela province, during a ceremony presided over by the Minister of Geology, Mining and Industry, Joaquim Duarte David. Estimated to have cost US$100m, the plant is a Genea Group Angola investment that took four years to construct. According to the factory’s director general, P...
The Vissai to acquire US$83.2m cement project in central Vietnam
Vietnamese cement maker The Vissai is completing legal procedures to acquire a cement project in the central province of Nghe An from Do Luong Cement JSC with a registered investment of nearly VND1.739trn (US$83.2m). “The acquisition is nearly completed,” said a representative of The Vissai said in an interview with Dau Tu newspaper’s reporter. With the Do Luong cement plant, The Vissai wil...
India: Burnpur Cement signs MOU for Patratu project
Burnpur Cement Ltd (BCL), one of the largest integrated cement plants in eastern India, today signed a Memorandum of Understanding (MoU) with the Jharkhand government for setting up an 800tpd integrated cement plant at Patratu with a total investment of about INR2bn (US$36.2m). Following the signing of the MoU, the Jharkhand government formally allotted the limestone mines at Benti Bagda ne...
India: builders protest against high cement prices
In a statewide protest organised by the Builders’ Association of India, builders in Coimbatore voiced their opinions on a protest rally on Tuesday, demanding measures by the state government to bring down cement prices and calling for a regulatory cement authority to be formed at the national level. Cement prices are INR330 (US$5.98)/bag now as against INR275/bag six months ago. Though the ...
Venezuela: Cerro Azul to come online in September
Venezuelan President Hugo Chávez announced that the new Cerro Azul cement works, located in El Pinto Piar, Monagas state, is scheduled to enter service in September. "Right now we need to get the power line to ensure sufficient supply of energy to start the work and have no more delays. The plant is almost ready. We expect that in September we can start the production of cement," said Chavez...
Oman: Port of Duqm to build cement terminal
Oman is set to increase imports of cement and bitumen with the establishment of new terminals at the Port of Duqm. Both facilities are indispensable to supporting the speedy and cost-effective development of the region’s ambitious Special Economic Zone (SEZ), according to a senior official of the port authority. “We are finalising negotiations with a well-known Omani cement manufacturer for ...
Vietnam: cement sales decline
Total domestic cement consumption during the first seven months of this year was 27.6Mt, down by three per cent against the same time last year and 50 per cent of the yearly target, according to the Vietnamese Ministry of Construction. In July alone, only 4.14Mt of cement were sold, 300,000t lower than the previous month. The downturn has been blamed on the gloomy real-estate market. To bett...
Dangote to eliminate Tanzania’s cement shortages
When it comes on-stream in 18 months’ time, the new 2Mta Dangote cement plant at Mtwara is expected to reduce the cement deficit in Tanzania. Since 2011, the country’s cement deficit has exceeded 1Mt, according to the Tanzania Investment Centre (TIC). The TIC's acting executive director Raymond Mbilinyi said that in few years the country will no longer experience such deficit due to the establ...
Ghana: Government backs pozzolana cement
New schools and housing units in Ghana are to be built with pozzolana cement after the government signed an agreement with Pozzolana Ghana Limited (PGL). The Architecture Engineering Service Ltd (AESL), State Housing Company and SADA are spearheading the initiative and have signed a Memorandum of Understanding to execute government projects with proportional pozzolana cement, Vivek Garg, PGL...