Cement News tagged under: Electrical energy
East African import concerns03 September 2012, Published under Cement NewsThe East Africa Cement Producers Association (EAPC) has flagged concerns over the increasing threat of imports to the region. The associaion yesterday warned that cement ports are not being subjected to the same technical standards and regulations as domestic cement, increasing the chance of sub-standard products being used in projects. “Cement is a very sensitive commodity yet the quality issues on imports are not being addressed at such a time when the number of collapsing buildings ... |
Tanga Cement profit rises 56 per cent, Tanzania31 August 2012, Published under Cement NewsTanzania-based Tanga Cement, part of the Holcim Group, has posted a 56 per cent YoY rise in net profit to TZS15bn (US$9.5m) due to increased exports and stable electricity supplies. Gross profit was also driven by a 14 per cent rise in domestic sales while exports increased 35 per cent YoY. Commenting on the results, acting Chairman, Prof Samuel Wangwe said: "With substantially reduced maintenance and electricity costs, gross profit for the period increased by 40 per cent to TZS30.25b... |
UltraTech on track to raise capacity by 19% next year31 August 2012, Published under Cement NewsUltraTech, India’s leading cement producer, said it will raise capacity to 62Mt by next year, according to its chairman, as he warned that the outlook for the domestic sector remains challenging. "I believe the short-term prospects for the industry appear bearish. Regardless, over the medium to long term, the sector offers good growth potential," Kumar Mangalam Birla said in a statement released after the company's annual shareholder meeting. Rising input and energy costs have been squ... |
Clal Industries to expand power plant capacity30 August 2012, Published under Cement NewsClal Industries and Investments, controlled by Len Blavatnik, subsidiary Mashav Initiation and Development Ltd, is to expand capacity at its private power station which provides electricity to Nesher Cement Enterprises of Israel. With an investment of US$90m, capacity at the station is to be increased initially by 50MW and thereafter by 70MW. Mashav is 75 per cent owned by Clal Industries and 25 per cent owned by CRH. In 2010, Mashav’s 50W natural gas-driven power station secured a 20-yea... |
New order for ABB from Century Cement, India15 August 2012, Published under Cement NewsABB has won an order worth US$18m in India to design, engineer and supply integrated automation and modern electrification systems for Century Cement’s Manikgarh Cement plant in central India. Manikgarh Cement is located in the state of Maharastra, in central India, and provides high quality cement products for building construction, road and bridge infrastructure and other commercial uses. ABB’s delivery is part of a two line expansion and plant modernisation project that will add produc... |
Fujairah Cement reverses loss, increases sales, UAE13 August 2012, Published under Cement NewsFujairah Cement reported increased sales in the six months to June 2012 of 16 per cent to US$$83.6m in the six months to June 30 and it reversed a $2.4m loss last year into a $5.5m profit. Earnings per share also climbed to 1.55 cents (5.7 fils), compared to a loss of 0.68 cents (2.5 fils) last year. Despite this, however, the company said that the recession that has been felt in the construction sector is "continuing". A statement accompanying the firm's results from general manage... |