Cement News tagged under: international
SCG focuses on overseas coal trading17 September 2009, Published under Cement NewsSiam Cement Group (SCG), Thailand’s top industrial conglomerate, is ramping up its coal trading business overseas by opening processing and distributing hubs in Southeast Asia, China and India. The expansion is expected to lift coal trading by 40-50% in value and turnover next year, said Kalin Sarasin, managing director of SCT Co, a trading arm of SCG. By the third quarter of 2010, SCT will open hubs in south China, India, Malaysia and the Philippines, each at an investment of 20-30 millio... |
Semen Gresik expects 2009 net profit above IDR3trn16 September 2009, Published under Cement NewsPT Semen Gresik expects net profit to likely rise to above IDR3 trillion this year from IDR2.52 trillion (US$253m) last year, supported by rising cement sales. Cholil Hasan, finance director of Indonesia’s largest cement producer by volume told Dow Jones Newswires late Tuesday that the company’s revenue will likely increase to over IDR13 trillion from IDR12.2 trillion last year. Hasan said domestic cement sales started to pick up in August. "Cement sales volume is expected to continue to ... |
Saudi cement trucks banned to Bahrain to ease congestion16 September 2009, Published under Cement NewsA decision by Saudi Arabia to ban the transport of cement and sand to Bahrain via the King Fahad Causeway will ease traffic congestion, it was declared. The proposed move by the Saudi authorities, expected to be implemented from October 1, will mean the absence of over 200 trucks a day, said Bahrain Chamber of Commerce and Industry (BCCI) customs and port committee head Abdulhakim Al Shammari. He said the decision would not affect Bahrain’s construction industry because the entire amount o... |
Aresco completes fast-tracked second line at Sinai Grey, Egypt16 September 2009, Published under Cement NewsASEC for Manufacturing and Industrial Projects (Aresco), a turnkey contractor serving the cement, energy, petrochemical, petroleum and general industrial sectors, today announced that it has completed construction of a second production line at Sinai Grey Cement’s production facility in Al-Arish, Sinai. Aresco, in conjunction with nominated supplier FLSmidth, completed the US$140m fast-tracked project on-budget in just 25 months, well below the industry average of 32 months for projects of ... |
Cement: Mexicans to invest in Nigeria?15 September 2009, Published under Cement NewsNigerian Ambassador to Mexico, Chief Lawrence Nwuruku, has said cement producers in Mexico have completed arrangements to invest in the Nigerian economy and would soon be in the country to seal the deal on the issue. In an on-line message from Mexico to Vanguard in Port Harcourt, Monday, Nwuruku said the manufacturers were thrilled by the abundance of minerals for cement production in Nigeria, hence their readiness to hit the market. Consequent upon the arrangement, he said some food proce... |
New Ethiopia plant construction to begin soon15 September 2009, Published under Cement NewsNorth Holding Investments Inc. announced on Tuesday that it has completed the necessary preparations to start construction of a cement factory soon located at Dejen, 230km from Ethiopia’s Capital, Addis Ababa in Amhara region. The announcement was made at a ceremony attended by various ministries, including justice, transport and communication, and education, as well as representatives from the Ethiopian Electric Power Corporation (EEPCo), investment agencies, and the president of Amhara Re... |
Low-cost housing project in Punjab, India15 September 2009, Published under Cement NewsPunjab Chief Minister Parkash Singh Badal today launched a low-cost housing project developed with an outlay of Rs 2.20 crore in Muktsar district. The project has been developed in collaboration with Ambuja Cement Foundation over an area of 7 acres, equipped with all civic amenities for the houseless Scheduled Castes (SC) and backward class families at village Gaggar in Muktsar district, said an official release. Badal appreciated the efforts of Ambuja Cement Foundation Chairman Suresh Neo... |
Can Tho JSC to build US$11m Cement Plant in South Vietnam15 September 2009, Published under Cement NewsThe People’s Committee of the southern province of Hau Giang has given the green light to Can Tho Cement Joint Stock Company (CCM) to build a VND200-billion (US$11.21m) cement plant in the province, the Vietnam News Agency reported Monday. The 10-ha plant to be located in the Phu Huu A Industrial Complex will be capable of producing 500,000 tons of cement per year. The Hanoi Stock Exchange-listed company expects pretax profit of VND13 billion on revenue of VND230 billion and cash dividend ... |
China Resources Cement seeking up to US$824m in IPO15 September 2009, Published under Cement NewsChina Resources Cement Holdings Ltdplans to raise up to US$824m in an initial public offering ahead of its listing in Hong Kong on Oct. 6, according to a term sheet seen by Dow Jones Newswires on Tuesday. The cement producer, which is a unit of state-run China Resources (Holdings) Co., plans to sell 1.64 billion shares in an indicative price range of HK$3.20- HK$3.90 each, with an option to sell an additional 246 million shares depending on demand, the term sheet said. The company plans to... |
Zambezi Portland Cement to resume production, Zambia15 September 2009, Published under Cement NewsThe US$40m Zambezi Portland Cement (ZPC) plant in Ndola will start production before the end of the month, company receiver and manager, Robert Simeza has said. Mr Simeza said all the necessary materials needed for production had been put in place at the plant which has a cement capacity of 330,000tpa. "We are now producing silt and the first consignment of cement will come out of the plant in the next two weeks," Mr Simeza said. ZPC, which was placed under receivership mid this year, ope... |