Cement News tagged under: international
Lafarge gains permission to construct new plant, Algeria07 October 2009, Published under Cement NewsLafarge has obtained permission from the Algerian government to construct a new facility located in Oum El Bouaghi with a capacity of 2.5Mt. The investment, whose amount was not disclosed, will be made 100% by the French producer, the sources said. Lafarge had sought its application for investment in Algeria since 2008, ie before the government took on new measures on foreign investment," says our source. Source: TSA |
Votorantim inaugurates Bahia plant, Brazil07 October 2009, Published under Cement NewsVotorantim Cimentos will inaugurate its production unit at its Aratu Industrial Complex, near Bahia. The factory is the result of a BRR50m investment in cement and mortar production. The new works at Aratu, which will serve the growing market of the Bahia capital and the metropolitan region of Salvador, is part of an extensive expansion plan of Votorantim’s production capacity up to 2011, which considers investments over BRR2bn for the construction of new plants throughout the country as ... |
Growth prospects for Pakistan industry bright – report07 October 2009, Published under Cement NewsGrowth prospects for Pakistan’s cement industry are bright, the Daily Times reports, as cement demand is set to increase in importing countries like India, Gulf Cooperation Council (GCC) countries, South Africa and Sri Lanka. According to an analysis, cement export targets for 2009 and 2010 are set to be 9.99Mt and 10Mt, respectively. Currently, the export demand is expected to be from new inductee India along with other countries like Gulf Cooperation Council (GCC) countries, due to risin... |
Vicat commissions new kiln at Rufisque plant, Senegal07 October 2009, Published under Cement NewsThe Vicat group is today announcing the start-up of the new kiln at its Rufisque plant in Senegal. The kiln, which uses the latest generation of Polysius technology, will lift the Group`s annual production capacity to over 3Mt of cement in Senegal. This installation is helping Vicat to fully leverage Western Africa`s growth potential thanks to its modern manufacturing facilities. In addition, it will enable the Group to halt its external clinker purchases and significantly increase the pro... |
False Dawn for UK Housing Market07 October 2009, Published under Cement NewsFitch Ratings says today that it expects the recent gains in the main UK house price indices to be a temporary respite. The agency continues to expect that UK house prices will fall approximately 30% overall from the October 2007 peak. Prices are currently 13% down from that peak, having dipped as low as 19% down in 1Q09. "The UK’s average house price to income ratio remains significantly higher than the long term average," says Brian Coulton, Head of Global Economics and EMEA Sovereigns at... |
Venezuela’s PdVSA to share goods with nationalized Cemex unit06 October 2009, Published under Cement NewsVenezuela’s state oil firm said Monday it will share products with cement firm Cemex de Venezuela, which the Venezuelan government recently nationalized, so both companies can cut costs. Eulogio Del Pino, head of exploration and production at Petroleos de Venezuela, or PdVSA, said the oil company will see immediate financial benefits from the alliance, in the form of cheaper cement. "All the cement used, especially in building oil wells, has required intermediary contract companies that so... |
Javedan Cement to dispose of old kiln, Pakistan06 October 2009, Published under Cement NewsThe board of directors of Javedan Cement Ltd has accorded approval for the disposal of line- I and Line- II of semi dry kiln of the company along with with related stores and spares. According to a communication to KSE here Monday, the company said that the said kiln was old and outdated and consuming more fuel to make the operation of the plant as uneconomical. |
Phase one of new Bharathi Cement plant commissioned, India06 October 2009, Published under Cement NewsPart of the Sakshi group, Bharathi Cement Corp. Ltd has commissioned the first phase of its 5Mt cement plant in Kadapa district of Andhra Pradesh, making the company the newest entrant into an expanding cement market and adding to concerns of a glut as manufacturers step up production of the building material. Sakshi group, with interests also in media and power, is controlled by YS Jagan Mohan Reddy, the member of Parliament from Kadapa and son of former Andhra Pradesh chief minister YS Ra... |
China Resources Cement falls below IPO price06 October 2009, Published under Cement NewsChina Resources Cement slightly below its offer price in early Hong Kong trading Tuesday, marking a disappointing start for the city’s latest initial public offering. Shares of China Resources Cement were quoted at HK$3.85 ($0.50), a fall of 1.2% from its IPO price of HK$3.90. The weaker debut comes as the city’s five previous IPOs ended first-day trade below their offer prices. China Resources Cement’s shares were indicated in marketing literature to price between HK$3.20 and HK$3.90. |
Dalmia Cement to set up plants in Karnataka, Rajasthan06 October 2009, Published under Cement NewsDalmia Cement, South India’s second largest cement maker, has raised over Rs 3,100 crore (US$660m) in debt through a consortium of bankers, which will be used to fund its expansion plans, according to the company’s managing director Puneet Dalmia. “We have raised it, a week back. We are adding 10Mt in India in a phased manner and this will be deployed over the next 2-3 years,” Mr Dalmia told the Economic Times on Monday. The money was raised through Dalmia Cement Ventures, a wholly owned s... |