Cement News tagged under: international
Egypt aims to start cement bid process by mid-201009 February 2010, Published under Cement NewsEgypt is targeting to start an international bidding process to grant cement licences by the middle of this year, the head of the country’s Industrial Development Authority (IDA) said on Monday. "We’re presenting the case to the High (Supreme) Council of Energy to get their blessing," said Amr Assal, chairman of IDA in an interview. "Afterwards, we will announce the international bidding process," he told Reuters in an interview. Asked whether the bidding would start by the middle of the y... |
India cement prices show no sign of softening09 February 2010, Published under Cement NewsCement prices in India are again rising. After a series of increases since November, a fresh round of price increases, effective from February 1 by almost all manufacturers has pushed the rate up by Rs 3-5 for a 50 kg bag, pushing the average national price to about Rs 235. In November, the average rate was Rs 210-215 a bag. Dealers and companies’ sources told Business Standard that on the back of better than expected growth in demand, the market has the capacity to absorb the latest hike. ... |
New order for FLSmidth’s Automation09 February 2010, Published under Cement NewsFLSmidth, Automation division, USA has signed a contract with Ash Grove Cement Company to install the ECS/ProcessExpert® system at the Foreman Plant. The ECS/ProcessExpert® and ECS/ Control Center® systems will be integrated to enhance the automated process control of the kiln, vertical raw mill and vertical OK cement mill, as part of the plant’s new line. ECS/ProcessExpert® system is a high level process control solution used to stabilise and then optimise key plant processes, which can be... |
Dyckerhoff cement volumes fall by 23.8% in 200909 February 2010, Published under Cement NewsDyckerhoff produced a turnover 30.9% lower at €1,369m last year, with the sharpest reductions being seen in The Ukraine and in Russia, where the reduction exceeded 60%. Capital expenditure in 2009 was reduced by 21.2% to €271m, as investment projects in Germany, the Ukraine and Russia were postponed. Group cement deliveries were 23.8% lower at 13.20m tonnes, while ready-mixed concrete deliveries dropped by 25.3% to 6.14m m³ and the aggregates volume declined by 18.0% to 5.34m tonnes. Germ... |
Scitus Cement to acquire producer in Sichuan, China09 February 2010, Published under Cement NewsScitus Cement (China) Holdings Ltd, a Hong Kong-based investment company has signed an agreement to take over Sichuan Zhiquan Special Cement Co Ltd, sources reported. An official from Scitus Cement said that both parties have consensus on the issue of consideration, and expect to ink the final agreement soon. However, he declined to disclose the financial details and timetable of the deal. The move marks that Scitus Cement starts to extend its business presence to Sichuan Province, Southwe... |
Cement price hike in Mumbai effective Feb 108 February 2010, Published under Cement NewsIndian cement companies have raised prices by INR5 for every 50kg bag in Mumbai effective Feb. 1, a source said Friday. "The prices have gone up due to strong demand," the person told Dow Jones Newswires, but asked not to be identified. He said the average price in Mumbai after the price hike is about INR245 a bag. |
China Runji Cement benefits stimulus plan08 February 2010, Published under Cement NewsChina Runji Cement Inc (CRCI) a leading producer and distributor of cement in Anhui Province of China, announced that the Company is benefited from the Chinese rural economy stimulus policy in 2010, where the Company’s selling price of cement clinker has increased $1.46 per ton in January, 2010, representing extra monthly revenue of $245,973 in current production capacity of 5,600 tons per day. In 2010 China vowed to put more investment, subsidies, fiscal and policy support into rural areas... |
Russia, Poland to lead European construction08 February 2010, Published under Cement NewsA new report on global construction conducted by British research group Oxford Economics shows emerging markets will overtake developed countries to become the biggest part of the market in the next decade. In Europe, the East should outstrip the West, with growth in the next decade averaging over 100%, led by Russia and Poland. The report, Global Construction 2020, showed that building output worldwide should grow to $12.7 trillion in 10 years’ time, measured in 2008 prices, compared with ... |
Supreme Court halts Lafarge’s Meghalaya mining, Bangladesh08 February 2010, Published under Cement NewsThe Supreme Court Friday ordered Lafarge, involved in mining limestone in Meghalaya for its cement plants in Bangladesh, to immediately stop its mining operations in the state. The bench of Chief Justice K.G. Balakrishnan, Justice S.H. Kapadia and Justice Aftab Alam ordered Lafarge to stop mining following allegations that the firm has raised funds from various international banks after mortgaging the state’s land it had fraudulently transferred to itself. The bench ordered Lafarge Umiam M... |
Siam Cement inks MOU to acquire stake in Quality Construction Products08 February 2010, Published under Cement NewsThailand’s Siam Cement PCL said Monday that it has signed a memorandum of understanding (MoU) to acquire a 51% stake in Quality Construction Products PCL in a deal worth THB816m ($24.6m). Under the MOU, Siam Cement will buy Quality Construction’s 204 million shares at THB4 each, the company said in a filing to the Stock Exchange of Thailand. Siam Cement will purchase a 10.25% stake from Land & Houses PCL, a 24.33% stake from Quality Houses PCL, a 14.97% stake from Asian Property Development... |