Cement News tagged under: international
Titan commissions second Beni Suef line26 November 2009, Published under Cement NewsTitan’s turnover for the first nine months declined by 11.6% to €1046.2m, while the EBITDA was off by marginally less, with an 11.4% reduction to €257.9m. The increased investment in the Eastern Mediterranean saw both depreciation and interest charges rise and the pre-tax profit fell by 28.6% to €128.2m and the net attributable profit, which had been helped by a tax credit last year, dropped by 36.5% to €103.7m. Net debt at the end of September was 9.7% lower at €1,029m, with capital expe... |
Birla Uttam Cement hits market, India25 November 2009, Published under Cement NewsMangalam Cement Ltd, a company owned by BK Birla Group of India, has started the sales and distribution of Birla Uttam Cement in Nepal. The company has appointed Rina Group as its exclusive authorized distributor for the sales and distribution of Birla Uttam Cement for Nepal, says a press release, adding that Mangalam Cement is currently selling Birla Uttam Cement - 43 grade and Birla Uttam Cement - PPC. The brand comes from a company of IS0 9001-2000 certification. Birla Uttam Cement is t... |
UAE prices fall due to lesser demand25 November 2009, Published under Cement NewsCement prices in the UAE have fallen 7.4 per cent, according to a recent report by Global Investment House. Rizwan Sajan, chairman of Danube Building Materials, told Gulf News that "there has been a glut in the installed capacity vis-a-vis the demand. "As a consequence there is great pressure on selling prices. "Eroding profitability has constrained cement mills to operate at less than 70 per cent capacity". According to the report, in just a year, the price of cement has fallen from US$... |
Rwanda: RRA to Probe Cement Quality25 November 2009, Published under Cement NewsRwanda Revenue Authority (RRA) is investigating the quality of imported cement after it was revealed the same kind of cement was being sold at different market prices. The tax department is investigating the cases in conjunction with the Rwanda Bureau of Standards (RBS). Speaking to The New Times, the Director of Revenue Protection Department, Seth Muhirwa, said the most targeted product is Hima Cement that is imported from neighouring Uganda which is mainly sold in Nyabugogo. "An investi... |
Manasa Cement starts operations, Nepal25 November 2009, Published under Cement NewsManasa Cement Industry based in Chandragadhi -3 of Jhapa commenced productions from Thursday. With this new venture, the number of cement factories in the district has reached four. Previously, Pashupati, Gorakhkali and Century Cement Factory were operating in the district. Speaking on the occasion, Nitesh Agrawal, one of the promoters of Manasa Cement, stated that the factory has a capacity to produce 100 tons of cement a day. He stated that the cement produced by the company is of 55 gra... |
HeidelbergCement suspends plant construction, Russia25 November 2009, Published under Cement NewsHeidelbergCement has put off the construction of a EUR200m cement plant near Voronezh on the Latnensky deposit. The plant will produce 1Mt of cement by 2012. The company explained that it has insufficient funds and will focus on construction of a cement enterprise in the Tula region. Earlier, Pavlovskgranit OJSC put the plug on the similar project in the region, Kommersant-Chernozemye said. |
PPC appoints Kader head of South African cement ops25 November 2009, Published under Cement NewsSouth African producer, Pretoria Portland Cement Co, said it appointed Salim Abdul Kader as managing director of its South African cement operations and Sello Helepi as executive director responsible for organisational performance and transformation. |
Pakistan cement prices fall 26% YoY25 November 2009, Published under Cement NewsDue to inflationary pressure and cut in developmental projects under Public Sector Development Programme (PSDP), prices of cement in Pakistan have significantly dropped during the last few months and might not go up in next couple of months, sources on Monday informed TheNation. According to the official figures, prices of the cement in the country has dropped by over 26 percent in one year and reached to Rs. 272 per 50 kg bag while its average price in last year was around Rs. 370. Price... |
EAPC to set up clinker plant, Kenya24 November 2009, Published under Cement NewsEast African Portland Cement Company (EAPC) plans to set up a clinker plant as it seeks to cut costs and give rivals a pricing war. Unlike its rivals Athi River Mining and Bamburi which have their own plants, EAPC has had to import or rely on Bamburi for clinker—raising the costs of the raw material. “We plan to put up a clinker plant that will produce 5000tpa of clinker to be used for cement production and sell the excess in the market,” said Mr John Nyambok, EAPC managing director. The ... |
Dangote awarded license to generate power, Nigeria24 November 2009, Published under Cement NewsThe Nigerian Electricity Regulatory Commission awarded a generating license to Dangote Industry Power Ltd., a unit of Dangote Industries Ltd., Daily Trust reported, citing Immamudeen Talba, head of the regulator. Dangote plans to generate 135MW of electricity at the proposed plant out of which 46MW will be consumed by its Obajana Cement plant in the central Nigerian state of Kogi. The remaining 89 megawatts will be sold to the national grid, Talba said, according to the Abuja-based newspape... |