Cement News tagged under: international
Zhaoyuan Cement project update, China07 April 2010, Published under Cement NewsChina Shuangji Cement, Ltd, a leading producer of cement in Shandong and Hainan Provinces in China announced that it is advancing towards making its Zhaoyuan Cement production facility operational. The new 1Mt plant, situated outside Zhaoyuan City, will replace the old Zhaoyuan plant. The works is located approximately five miles from the former facility and has direct access to a new highway that leads to many of its customers and also nearby ports. To date, the land has been procured, ... |
Cement companies eye Rajasthan markets, India07 April 2010, Published under Cement NewsLeading Indian cement companies are planning major expansion including setting up new plants in Rajasthan. According to sources the state government has received investment proposals worth INR10,000 crore from various manufacturers. “Leading cement companies like Grasim, Lafarge India, Aditya Cement, Birla Corporation, Shree Cement, JK Cement, etc have pledged investment of INR10,000 crore in the state. The state can get cement plants worth 20Mta in the next three years,” the source said. ... |
Yemen to see first Saudi factory opened in Hadramout07 April 2010, Published under Cement NewsSaudi investors on Wednesday will open a US$260m cement factory with a production capacity of 1.5Mta in the eastern part of Yemen. The factory, owned by Arabian Yemen Cement Company Ltd, will be the first Saudi cement factory set up in Mukalla city of Hadramout province, reducing the country’s dependence on imported cement from the Gulf and Asian countries. The project is sponsored by Eastern Province Cement Company (30% shareholding) of Saudi Arabia and two prominent Saudi businessmen, Sh... |
ACC to hike capacity by through brownfield projects, India07 April 2010, Published under Cement NewsACC is planning to ramp up its annual production capacity to 30Mt by the end of this financial year through brownfield projects. "We plan to achieve a growth of 12 per cent in our installed capacity of around 27Mt at present to 30Mt," ACC managing director Sumit Banerjee told Business Standard. |
China to eliminate 300Mt of cement capacity in three years07 April 2010, Published under Cement NewsChina plans to eliminate 300Mt of obsolete cement capacity over the next three years as part of its effort to address oversupply, according to a draft document that will be submitted for regulatory approval, the China Securities Journal reported. At the end of last year, China’s obsolete capacity was 500Mt, or 27 per cent of the total output of the country, according to the Ministry of Industry and Information Technology. China will strictly control its total cement capacity, while moderat... |
Indian producers post strong volume growth06 April 2010, Published under Cement NewsAfter a dip in February, the Indian cement industry is likely to achieve double-digit growth in March as demand for cement remains strong. On the back of demand from the infrastructure and realty sector, producers continued selling higher volumes of cement. Business Standard reported Hari Mohan Bangur, chairman and managing director of Shree Cement as saying: “Demand from all cement consuming sectors is pouring in. The industry is likely to see better than a normal growth in March.” The Ad... |
India: Ambuja Cements plans to spend to raise capacity06 April 2010, Published under Cement NewsAmbuja Cements Ltd plans to invest INR42bn to raise its annual production capacity plans to 3Mt over the next 20 months, a source said. The source told Dow Jones Newswires the company has shortlisted three locations to set up greenfield cement plants, but didn’t provide any further details on the proposed sites. Ambuja planst to spend INR10bn-12bn in 2010, while the remainder may be spent in the next calendar year, the source said. The company, in which Holcim owns a 46% stake in, plans to... |
New Nepal cement plant to begin operations06 April 2010, Published under Cement NewsGhorahi Cement Industry is to start operations from July. Initially the plant will produce 1100t but the company has plans to increase production to 2000t. The plant has a capacity of 660,000t. |
HeidelbergCement on acquisition trail, India06 April 2010, Published under Cement NewsHeidelbergCement India Ltd has set aside INR8bn (US$180m) to buy mid-sized companies in India, the Economic times said, citing an official of the company that it didn’t identify. |
US construction spending falls further06 April 2010, Published under Cement NewsConstruction spending in February was estimated at a seasonally adjusted annual rate of US$846.2bn - 1.3% below the revised January estimate of $857.8bn, the US Commerce Department announced April 1 2010. The figure is 12.8% below the February 2009 estimate of US$970.4bn. During the first two months of this year, construction spending amounted to US$116.2bn, 14.4% below the US$135.7bn for the corresponding period in 2009. Spending on private construction was at a seasonally adjusted annua... |