Cement News tagged under: international
Sri Lanka Holcim ready to bid for Jaffna cement plant06 November 2009, Published under Cement NewsThe Sri Lanka unit of Holcim said it would enter the bidding process to build a joint venture cement plant with state-run Sri Lanka Cement Corporation in the northern Jaffna peninsular. Holcim Sri Lanka chairman Manilal Fernando said in a telephone interview from Dubai that firm’s board of directors had cleared the move and a proposal would be submitted to the government Friday. Sri Lanka’s Jaffna peninsular has large deposits of high quality limestone. Last month, the island’s ministry o... |
Major projects set to attract investors to Ras Al Khaimah06 November 2009, Published under Cement NewsThe wealth of infrastructure projects which Ras Al-Khaimah needs to set in motion will provide great investment opportunities for the global business community, according to Sheikh Omar Bin Saqr Al Qasimi, Chairman of RAK Bank and Gulf Cement Company. In an exclusive interview with Oxford Business Group (OBG), the highly acclaimed global publishing, research and consultancy firm, Sheikh Omar highlighted a number of areas which he said offered huge potential for investors. Sheikh Omar, who ... |
Equipment delivery for Otavi Cement Plant, Namibia06 November 2009, Published under Cement NewsThe Ohorongo cement factory has received a kiln and two mill cylinders for the cement plant, which is being constructed on the Farm Sargberg north of Otavi. Due to the huge dimensions of the shipment, the mills and kiln were moved with abnormal permits under Police escort from Walvis Bay to the Ohorongo construction site recently. The consignment required the deployment of nine trucks, with a combined load of over 470t. The kiln had to be transported in sections weighing 42t each. The com... |
China Resources Cement in shipping joint venture06 November 2009, Published under Cement NewsChina Resources Cement, an affiliate of one of China’s leading conglomerates, China Resources Group, has formed a domestic shipping joint venture in an effort to offset rising transportation costs, writes Hui Ching-hoo. The company has teamed up with Guangxi Xijiang Navigation Construction Development to form the joint company, which has a registered capital of Yuan100m ($14.7m). China Resources Cement will have a 49% stake while its partner will hold 51%. The two partners plan to invest a ... |
Asia is showing the most positive signs within HeidelbergCement05 November 2009, Published under Cement NewsHeidelbergCement’s turnover in the first nine months declined by 22.4% to €8,390.6m and the EBITDA was off by 25.7% to €1,606.2m. At the trading level, the profit was down by 34.8% to €1,086.6m and with the net interest charge down by 23.4% to €418.2m but other financial charges being considerably higher at €201.4m and the pre-tax profit fell by 59.5% to €442.4m and the net attributable profit dropped by 78.9% to €419.3m. Thanks to the rights issue in September, net debt at the end of Sept... |
Camargo Correa to expand cement plants in Argentina, Valor Says05 November 2009, Published under Cement NewsCamargo Correa SA plans to invest US$108m to double output of clinker, in the production of cement, in Argentina, Valor Economico newspaper reported, citing an executive of the Brazilian construction and engineering group. Camargo Correa plans to double clinker grinding capacity at two facilities, said Ricardo Lima, managing director at Loma Negra SA, the biggest cement maker in Argentina and a subsidiary of Camargo Correa, Valor reported. The clinker grinding capacity will double to 3.7Mta... |
Vietnam cement consumption in Oct stands at 3.51Mt04 November 2009, Published under Cement NewsVietnam’s total cement consumption rose slightly to 3.51Mt in Oct., the Dau Tu newspaper reported Monday, citing the Ministry of Construction. The figure has raised the country’s cement consumption to 35.82Mt in the first 10 months of 2009, meeting 81.4% of full-year target. In Jan-Oct, Vietnam’s cement production output reached 36.31Mt, including 3.55Mt in October. Vietnam is forecast to use between 44Mt and 45Mt this year, the ministry said. |
Binani hopes to buy Indonesian coal mine in 2-3 months04 November 2009, Published under Cement NewsBinani Cement today said it is hopeful of concluding the transaction for coal mine acquisition in Indonesia in the next two to three months. "We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja told PTI. Binani Cement, which has 6Mt installed capacity now, needs to import 6-7 lakh tonnes of coal to feed its plants in a year. The company also plans to put up a 2.5Mta clinker plant in Gujarat with an investme... |
Carib Cement posts J$431m loss04 November 2009, Published under Cement NewsThe continued slowdown in activity within the Jamaican construction sector has seen Caribbean Cement Company registered a J$431m (US$4.88m) pre-tax loss during the three months ending September 30, blaming the results on the continuing contraction in the Jamaican economy and the resultant decline in market demand for cement During the three months to September 30, 2009, Carib Cement sold 152,280t of cement into the local market compared to 165,806t in the comparative period last year. ... |
India cement prices fall up to 10% in two months04 November 2009, Published under Cement NewsCement prices have witnessed the greatest fall of about 5-10 per cent across India in the last two months. Moreover, in western and southern India, where a large amount of new stock is still arriving, the non-trade prices have been cut by 20-30 per cent to Rs 160-180 a bag. The overall slowdown, both in domestic and exports demand, coupled with capacity addition, especially in states such as Gujarat, which produces about 20 per cent of country’s total cement, has started a battle in non-tra... |