Cement News tagged under: international
Orient eyes new cement markets to drive sales08 March 2010, Published under Cement NewsOrient Paper & Industries, the flagship company of the CK Birla group has decided to expand its cement business, its main money spinner by selling to new domestic markets. The company which earns two third of its revenue from cement business has constituted an internal team to study the feasibility of getting into West Bengal, Orissa, Rajasthan and Karnataka. Mr ML Pachisia MD of Orient Paper & Industries confirmed the plan to get into newer markets. He said that “We will announce it at ... |
Tanzania: reinstate duty on imports, say cement makers08 March 2010, Published under Cement NewsStreamlining investment procedures and offering incentives are essential to attract investors, Arusha Regional Commissioner Isidore Shirima says. He told a one-day seminar for District Business Councils (DCBs) in the region that bureaucracy was an obstacle to investment. He urged government officials in the region to change their mindset and regard investors as partners in development. “Investors expect to get cooperation from you. But unfortunately, some of them have been frustrated... |
Shree Cement commissioning clinker grinding unit08 March 2010, Published under Cement NewsShree Cement Ltd has informed BSE that the Company has commissioned its 1.8Mt clinker grinding unit at Village Udaipur Udasar, Tehsil Suratgarh in Sri Ganganagar District, Rajasthan. |
Maglam Cement to set up 7.5MW wind turbines08 March 2010, Published under Cement NewsRajasthan-based Mangalam Cement Ltd gained on the Bombay Stock Exchange as the company has laid out plans for setting up six wind turbines with a total power generation capacity of 7.5 MW. The company, engaged in cement making, has made provision of Rs.39 crore for the energy generation. The stocks of the company rose close to 1% to Rs.167 in the morning trades today. The made the announcement of new initiative before trading hours today, 8 March 2010. |
Continental Cement laying off 14 employees08 March 2010, Published under Cement NewsFourteen of 50 employees at Green America Recycling, based at Continental Cement’s production facility south of Hannibal, are being laid off. The action was confirmed Thursday afternoon by J. Scott Conroy, vice president, manufacturing for Continental Cement. According to Conroy, the layoffs will coincide with the plant’s annual spring production stoppage. “The outage is for inventory control purposes and for our annual maintenance work at the plant,” he said. It is anticipated that th... |
Egypt’s Wadi Cement to raise capital - paper08 March 2010, Published under Cement NewsEgypt’s El Wadi Cement is increasing its capital as it moves to win back its cancelled cement production licence and join a thriving building materials market, al-Mal newspaper reported. El Wadi will boost its paid-in and issued capital from E£115m (US$21m) to E£800m and use the cash to import equipment from Italy, according to the news report, quoting the firm’s managing director Khairy Maklad. Egypt’s Industrial Development Authority cancelled El Wadi’s production licence over start-up... |
West China Cement doubles profits08 March 2010, Published under Cement NewsWest China Cement reported a 111% rise in pre-exceptional profit before tax to RMB544m for the year to December, on revenue up 75% to RMB1.517bn. The Shaanxi Province based company’s gross profit margins improved from 36% to 42% and operating profit margins from 33% to 41%, which it said reflected strong product prices, efficiency gains and economies of scale. Operating profit was up by 118% to RMB616m. The company said it was on schedule for listing on the Hong Kong stock exchange bef... |
Bangladesh: Bashundhara to set up two more cement mills soon05 March 2010, Published under Cement NewsBashundhara Group will soon set up two giant cement manufacturing plants to meet the growing demand of the item, one of the key backward linkages of the construction and real estate sectors. The proposed plants will be commissioned at Madanganj in Narayanganj near Dhaka and at Mongla Port Industrial Area in Khulna with projected combined production capacity of more than 12,000tpd. Globally renowned cement, lime, gypsum and ceramic plant builder "Gebr Pfeiffer AG" of Germany and its Indian... |
USA Continental Cement laying off 14 employees05 March 2010, Published under Cement NewsFourteen of 50 employees at Green America Recycling, based at Continental Cement’s production facility south of Hannibal, are being laid off. The action was confirmed Thursday afternoon by J Scott Conroy, vice president, manufacturing for Continental Cement. According to Conroy, the layoffs will coincide with the plant’s annual spring production stoppage. “The outage is for inventory control purposes and for our annual maintenance work at the plant,” he said. It is anticipated that the... |
Kenya: Tororo Cement in KES100bn expansion05 March 2010, Published under Cement NewsTororo Cement, the local manufacturers of cement, lime, iron sheets and other construction materials, plan to invest over US$50m (KES100bn) in production expansion. "Our company is playing a key role in supporting Uganda ’s construction sector. we have to prepare for competition within East African market. That is why we are making this heavy investment to improve on the production technology and increase products volume," the executive director, BM Gagrani, said. He said the company is in... |