Cement News tagged under: international
Aamal announces opening of new plant, Qatar18 January 2010, Published under Cement NewsAamal Company announces that its subsidiary Aamal Cement Industries W.L.L. has officially commenced operation of its newly opened cement block manufacturing plant in Messaid, Qatar. The development of the plant is in line with AamalAamal’s strategy for diversification into new high growth revenue streams and will support the wider industrialisation of the Qatari economy. The plant will manufacture a wide range of concrete building and paving products and will be one of the largest in Qatar ... |
CH Clinker setting up Ethiopia factory18 January 2010, Published under Cement NewsCH Clinker Manufacturing PLC, a Chinese private company, is setting up a cement factory in Ethiopia with installed capacity of 10,000tpd, reports Ethiopian Reporter. Registered with a three billion birr capital at the Ethiopian Investment Agency, the Chinese company is building the cement plant in Oromia region, northern Shoa where raw material for cement production is abundant. The Chinese company is presently building a 12-km access road to and from the plant it will set up at the site. |
Mondi Syktyvkar starts up new lime kiln, Russia18 January 2010, Published under Cement NewsMondi Syktyvkar mill in Russia has started up its new lime kiln, which is a part of the mill’s development project, Step. The completion and start up of the new lime kiln took place in December, Nordic Paper Journal reported. |
Cement prices up in Uttar Pradesh, India18 January 2010, Published under Cement NewsCement manufacturers have hiked prices of the commodity by 10 rupees per 50kg in Uttar Pradesh from Tuesday, dealers and stockists told NewsWire18 today. In Delhi, prices of the commodity have been hiked by INR5 per 50kg from today, they said. "These price hikes are probably an attempt to offset any likely fall in prices due to sluggish construction activity amid severe winter in north India hereon," said a Delhi-based cement stockist while highlighting that these hikes are not likely to s... |
YTL acquires quarry business, Malaysia18 January 2010, Published under Cement NewsMalaysian cement producer, YTL Cement Bhd has agreed to buy a quarry-related business from its parent YTL Corp for MYR150m. The purchase is intended to “rationalize” the group’s quarry business by “housing these operations” under YTL Cement, it said in a statement. |
India’s cement dispatches see double-digit growth18 January 2010, Published under Cement NewsThe Indian cement industry has returned to double-digit growth on the back of rising demand, as peak consumption season sets in. The despatches in December were the largest so far in the current financial year at 17.74Mt. With this, the industry has recorded the highest sequential growth rate at 12.78 per cent, whereas on a YoY basis, after a gap of three months since August last year, the growth was in double digits at 10.8 per cent. The offtake during December was higher than the industr... |
Ssangyong Cement Industrial to sell stake in shipping arm18 January 2010, Published under Cement NewsSsangyong Cement Industrial Co., Ltd., a manufacturer of cement and ready-mixed concrete, is planning to sell 6,870,000 shares, representing approximately a 15% stake, in Ssangyong Shipping Co, Ltd., a provider of sea transportation services, for KRW20,000m($17.32 million). Pursuant to the transaction, Ssangyong Cement will hold 54.94% stake in Ssangyong Shipping. Both the companies are based in South Korea. |
Dyckerhoff to acquire cement transport assets18 January 2010, Published under Cement NewsDyckerhoff AG will acquire all except two of Sievert AG’s cement transport companies in exchange for its 32 per cent stake in Osnabrueck, Germany-based Sievert, Handelsblatt said, citing an unidentified spokeswoman. Hann Muenden, Germany-based August Oppermann will take over the remaining two companies and give up its holding in Sievert, the German newspaper reported. |
Pakistan prices see gradual rebound18 January 2010, Published under Cement NewsCement prices in Pakistan have started to rebound gradually and are up by Rs10-15 (US$0.12-0.18) per bag from two weeks ago. A 50kg cement bag is currently available in the band of Rs250-260 in the Northern region and Rs290-300 in the Southern region of the country. With the rising demand, cement prices are now increasing as expected, JS Research reported on Wednesday. Cement industry officials say that decline in exports and a price war between cement companies had resulted in the declin... |
Dalmia Cement in talks to raise funds for expansion, India18 January 2010, Published under Cement NewsIndian cement producer, Dalmia Cement (Bharat) Ltd is in talks to raise INR12bn to fund its expansion, The Economic Times reported Monday, citing an unnamed source. Dalmia Cement, which plans to double its capacity in four years, may offer a stake in the company or its subsidiary, Dalmia Cement Ventures, the report said without elaborating. Dalmia Cement Managing Director Puneet Dalmia confirmed the company was in talks to raise funds. |