Cement News tagged under: international
Lafarge to increase Zimbabwe output14 October 2009, Published under Cement NewsLafarge’s Zimbabwe unit plans to increase cement output to 90 per cent of its installed capacity of 450,000t next year, the company’s managing director said on Tuesday. Johnathan Shoniwa said Lafarge Cement Zimbabwe had this year raised production capacity to 72 per cent from 62 per cent in 2008, when the country struggled with hyperinflation. The introduction of foreign currencies and scrapping of price controls had boosted the firm’s operations, Shoniwa said. Lafarge Zimbabwe controls 4... |
Misr Beni Suef Cement to start clinker line14 October 2009, Published under Cement NewsEgyptian cement maker Misr Beni Suef Cement will start operating a new production line by the end of the month expected to yield 5000tpd of clinker, local financial newspaper Al Alam Al Youm reported on Tuesday. Total investments for the line were E£1.8bn (US$329 million), the paper quoted the company’s managing director Farouk Moustafa as saying. An official at Beni Suef said local news reports were correct but declined further comment. Misr Beni Suef aims to double production capacity b... |
Semen Gresik production declines, Indonesia14 October 2009, Published under Cement NewsState cement producer PT Semen Gresik Group said Tuesday its production would drop 120,000t from the targeted 18.8Mt this year, after a factory belonging to subsidiary PT Semen Padang was hit by last month’s earthquake. “The earthquake has reduced Semen Padang’s production,” Semen Gresik president director Dwi Soetjipto said at the state-owned enterprises ministry in Jakarta. “However, we are still optimistic we can attain the target by optimizing our other cement factories.” He added the... |
Cimpor moves into Ecuador14 October 2009, Published under Cement NewsCimpor del Ecuador, a 51 per cent-owned subsidiary of Cimpor is making a offer for Cemento Chimborazo, currently the smallest of the four cement producers active in Ecuador. Cemento Chimborazo, which last year produced 0.24Mt of cement, is presently 95 per cent in the hands of the government-controlled Banco Nacional de Fomento. Cimpor is making a US$10m offer for 100 per cent of the equity, and it this goes ahead, will invest US$25m to increase the annual capacity to 0.36Mt of clinker an... |
Siam Cement (SCC): 3Q09 profit to remain good13 October 2009, Published under Cement NewsSiam Cement (SCC) is expected to continue to post strong 3Q09 earnings of Bt6.5bn (EPS of Bt5.42) up 9% YoY although slightly down 5% QoQ. This forecast is less than previous preliminary forecast of Bt6.8bn on Sep 11 due to the company’s poor petrochemical spread. Note that 2Q09 had dividend income from one of subsidiary of Bt600m. Demand in 3Q09 will rise 3-5% recovering from 1H09, down 7%. In addition SCC increased cement prices in third quarter will improve cement profitability. So we es... |
My Home to expand cement capacity, India13 October 2009, Published under Cement NewsHome Industries (MHIL), a 50:50 joint venture with CRH plc of Ireland, is planning to increase its cement production capacity to 10Mt in the next three to four years from 4.7Mt, as part of its expansion scheme, according to J. Rameswara Rao, Chairman and Managing Director. Mr. Rao, who was here on Monday in connection with the dealers’ meet, told this correspondent that the company witnessed a ‘continuous growth’ since 1998, the first year of operation. The company, which had three manufact... |
Fletcher’s sales struggle on weak US, Europe markets13 October 2009, Published under Cement NewsNew Zealand-based Fletcher Building Ltd., the world’s largest maker of laminated building board, said a slump in U.S. and European construction of offices and shops may delay a recovery in sales at its Formica unit. The division’s sales in North America are below those in the year ended June 30, the Auckland-based company said in a presentation filed with the New Zealand stock exchange today. U.S. and European commercial building markets remain weak even amid signs of a “mild” rebound in ho... |
Sri Lanka invites investors to rebuild cement plant12 October 2009, Published under Cement NewsSri Lanka’s Ministry of Industrial Development has called for expression of interest from local and foreign investors to rebuild a cement plant destroyed by war in the northern Jaffna peninsula. The ministry said in an announcement it will receive expression of interest for the cement manufacturing project in Kankesanthurai up to November 6, 2009 with proposals received being opened the same day. Proposals have been invited from investors having the technology, funds and experience in buil... |
Positive 4Q outlook for Malaysian construction12 October 2009, Published under Cement NewsThe outlook for the Malaysian construction sector looks positive in the fourth quarter, but the roll-out of major projects will likely only happen next year, analysts and industry players said. Master Builders Association Malaysia (MBAM) president Ng Kee Leen said there was certainly greater optimism of a revival in the construction sector, thanks mainly to the Government’s stimulus packages and overall improvement in the global economy. “We are definitely seeing more tenders and small pub... |
Plans in place for Papua plant, Indonesia12 October 2009, Published under Cement NewsPapua will build its first cement factory with an annual production capacity of 1Mt in 2010, the Indonesian regional administration said. Papua Governor Barnabas Suebu said the project will cost Rp2.7trn (US$270m), adding cement demand is growing in that region. Barnabas said Freeport Indonesia, the US company operating the country’s largest copper and gold mine in that region has agreed to contribute Rp1 trillion to the total investment and the rest is expected to come from other investors... |