Cement News tagged under: international
North Cement needs US$70m to boost production01 October 2009, Published under Cement NewsIraq’s Ministry of Industry and Minerals has said that state-run North Cement Company is seeking $70m to increase its production at its new Hamam al-Aleel factory, Aswat al-Iraq news agency has reported. The North Cement Company has developed a five-year plan to increase its production to meet the demands of the local market and to reduce imports, the ministry said. |
Shanshui Investors to cement another share sale01 October 2009, Published under Cement NewsMorgan Stanley Private Equity Asia and CDH Investments have reportedly further reduced their holdings in China Shanshui Cement Group Ltd (‘Shanshui’) and would rake in HK$1.32 billion (US$170.3 million) in their latest divestment process in Shanshui. Between 2005 and 2007, both investors have injected over US$150 million into Shanshui |
Works on new Cimerwa’s unit to begin this year, Rwanda01 October 2009, Published under Cement NewsCimerwa, Rwanda’s largest cement company by market share has said that construction of its Rwf70bn second cement plant will begin before the year ends. Cimerwa, a subsidiary of Rwanda Investment Group (RIG) - consortium of some 43 local investors is planning to boost its cement production capacity to meet Rwanda’s increasing cement demand that is triggered by the booming construction sector. "We have finalized the preparations for the construction and building will start any time before th... |
Venezuela buys majority of Lafarge subsidiary01 October 2009, Published under Cement NewsVenezuela’s government has purchased 93.8 per cent of the local subsidiary of Lafarge SA, the Caracas Stock Exchange said Wednesday. The state-run Corporacion Socialista Cementera bought the shares of Lafarge’s Fabrica Nacional de Cementos for US$247m, the exchange said in a statement. President Hugo Chavez’s government nationalized Lafarge last year along with Cemex and Holcim. None had previously been compensated, and both Cemex and Holcim have filed for international arbitration to reco... |
Cement prices may weaken in 2H – CMIE01 October 2009, Published under Cement NewsThe Centre for Monitoring Indian Economy in its monthly report said that cement prices are expected to weaken across cities in the second half of 2009-10. CMIE said that "Cement prices are expected to weaken in second half of 2009-10 because huge 35Mt of fresh cement capacity will come onstream, which will put pressure on the realizations of companies.” It said that the southern region which will add around 19Mt of new capacity, will witness the maximum pricing pressure. In the north, infr... |
Turkey’s cement production increases01 October 2009, Published under Cement NewsTurkey’s cement industry continues its growth. The total cement production of all privately owned companies in Turkey reached 25.21Mt as of the end of June. Turkey’s average monthly cerement production was nearly 5.3Mt, according to the Turkish Cement Manufacturers’ Association, or TÇMB. Some 7.23Mt of the cement produced during the first six months of the year were exported. The rest was sold in the domestic market, said the association. Most of the cement production was at factories loca... |
Cemtech Monte Carlo 200901 October 2009, Published under Cement NewsCemtech Conferences and Exhibitions has successfully concluded its 16th annual European event between 27-30 September, attracting over 250 participants from 40 countries. Held within the luxury of the Fairmont Hotel, Monte Carlo, Monaco, the three-day event offered participants an in-depth programme comprising world-renowned speakers, an international exhibition and unrivalled hospitality levels. A first class speaker line-up provided a full range of business insight, market knowledge and ... |
New order for Polysius, China01 October 2009, Published under Cement NewsNanjing Nangang K.Wah High Tech Materials Co. Ltd. has contracted Polysius for the supply of two roller mills for granulated blast furnace slag grinding. Both grinding plants will have a rated output of 90tph of ground blast furnace slag with a fineness of 4,300 Blaine and will be installed at the Nanjing steel works in mid-2010. |
Lafarge to deepen cooperation with SW Chinese city29 September 2009, Published under Cement NewsLafarge Group has inked a cooperation agreement with southwestern China’s Chongqing city in the fields of environmental protection industry. The two sides will cooperate in such sectors as the cement , aggregate and concrete, and gypsum building materials production. Chongqing is to move 100 polluting companies out of the urban districts between 2006 and the end of 2010. Polluted soil will be refreshed after the companies move out, and Lafarge plans to launch a polluted soil... |
German Heidelberg Cement eyes bond issues29 September 2009, Published under Cement NewsHeidelbergCement wants to further reduce the bank financing in the future and thus explores possibilities for potential bond issues. Rating agencies have so far regarded possible bond issues of the company, which currently has EUR 11.3 billion (USD 16.5bn) in debts, as "speculative". |