Cement News tagged under: international
Nigeria’s Benue Cement 2009 profit rises09 April 2010, Published under Cement NewsNigeria’s Benue Cement Company posted at 205 per cent rise in pretax profit to NGN14.44bn in the full year to December compared with the previous period, the firm said on Thursday. Turnover at the firm, controlled by local private conglomerate Dangote Group, soared to NGN35.02bn from NGN16.5bn in the same period of 2008, the company said in a filing to the Nigerian Stock Exchange. |
FLSmidth says ‘clean sweep’ in India orders possible09 April 2010, Published under Cement NewsFLSmidth may make a “clean sweep” of cement-plant orders in India as 2010 demand grows. “In India there’s a boom in cement and most of our customers are very aggressive on expanding capacity,” chief executive officer Joergen Huno Rasmussen said in an interview. “We’re estimating 10 per cent growth in cement consumption in India, which is double the global rate.” FLSmidth won orders last year in India to install 9.45Mt of cement capacity. |
Nigeria: cement demand to double by 201509 April 2010, Published under Cement NewsIn a recent sector update on the Nigerian cement industry, Renaissance Capital forecasts a robust expansion of supply and demand for Africa’s third-largest cement market. Nigeria consumed 17.5Mt in 2009, up seven per cent YoY, with demand expected to double to 35Mt by 2015. Indeed, the potential growth will be even greater if the government is successful in realising its “Vision 2020” programme for housing and transportation. Key indicators reveal that Nigeria has a housing stock of ju... |
Locals support Lafarge plant in Meghalaya, Bangladesh08 April 2010, Published under Cement NewsA day after several prominent organisations opposed transfer of tribal land to Lafarge in Meghalaya, local villagers where the mines of the company are located came out in support saying they have been benefitted by the mining operations. "Following the commencement of the Lafarge mining, the livelihood and income of locals have improved greatly. Lafarge has also undertaken several development works besides providing jobs to the locals," B Lyngdoh, headman of Nongtrai village where the ceme... |
Cimsa begins construction of silos at Alicante, Spain08 April 2010, Published under Cement NewsCimsa has started construction work on the first of nine vertical silos in Puerto Alicante, which have now received approval by the Southeastern Marine Terminals. The height of the silos meets the requirements of the Port Authority chairman, Miguel Campoy, who negotiated with the cement companies to reduce the number of silos that are to be installed, which have been set at nine instead of the 15 originally planned. The company has also agreed to lower the heights of these buildings to 36m,... |
Pakistan: rising price of cement, steel hit construction markets08 April 2010, Published under Cement NewsExpressing its concern over the ever-increasing prices of steel, cement and petroleum products, the Association of Builders And Developers in Pakistan (ABAD) has issued a statement saying the increase will have a very negative impact on the country’s construction activities. Not only will it become next to impossible for poor and middle income segments of society to acquire housing, but the rate of unemployment for skilled and unskilled labourers will reach new heights, the Daily Times quot... |
Taihang Cement to buy majority stake in Hebei Zhoushi Cement08 April 2010, Published under Cement NewsHebei Taihang Cement Co Ltd today announced to purchase a 91% stake in Hebei Zhoushi Cement, a wholly-owned subsidiary of Hebei Haitian Construction Co Ltd, for CNY182m (US$26.7m), sources reported. China Knowledge reported that the target firm, which has a registered capital of CNY100m, had CNY81.27m in net assets and CNY390m in total assets as of February 28, 2010. The Shanghai-listed firm will gain 1.2Mt of cement capacity through the acquisition, which will bring around CNY240m in addi... |
President inaugurates Hadramout cement plant, Yemen08 April 2010, Published under Cement NewsPresident Ali Abdullah Saleh inaugurated on Wednesday the Hadramout Cement Factory, an affiliate of the Arabian Yemen Cement Company (AYCC) in Al-Masna’ah area, in the governorate of Hadramout. The cement plant involved an investment of US$260m with a production capacity of 1.5Mta. During the opening ceremony President Saleh expressed his pleasure at the completion and opening of this important new factory which will contribute to the development and economic growth of the country. |
Titan permit for Lake Belt Area mines issued, USA08 April 2010, Published under Cement NewsΤhe US Army Corps of Engineers issued to Titan Group’s subsidiary in the US, Tarmac America LLC, a permit to mine in the Lake Belt area of Miami-Dade in Florida, the company said Tuesday in a statement. The new permit has a tenure of 20 years, provides specific requirements for operating the mine and was issued to implement the U.S. Army Corps of Engineers (ACE) Record of Decision (ROD) published on February 1, 2010. The ROD followed a Federal-Court-mandated Supplemental Environmental Impa... |
Anjani Cement expands plant, India07 April 2010, Published under Cement NewsAnani Portland Cement has begun commercial production of its newly-expanded cement plant in Chintalapalem Village, Nalgonda district, Andhra Pradesh. With the new expansion, the capacity of the Hyderabad-based company now stands at 1.16Mta. |