Cement News tagged under: international
ABG to establish 6Mt cement plant by 201001 September 2009, Published under Cement NewsThe ABG Group is to establish a 6Mt cement plant near Bhuj by 2010 and foray into power generation with a 100MW plant in Gujarat. "The cement plant is being set up near Bhuj at a cost of Rs 2,000 crore and will go on-stream by end of 2010," ABG Group Chief Financial Officer D Datar told PTI. The cement plant would be funded at a 2:1 debt-equity ratio and IFCI has already taken up 14 per cent stake in the project. "We are also looking at few more equity participations for the project," Dat... |
Dalmia Cement to go extra mile to save costs01 September 2009, Published under Cement NewsDalmia Cement (Bharat) Ltd (DCBL) is looking at saving on production costs by setting up warehouses nearer to markets and is eyeing new rural markets to retain margins. Also, Dalmia Cement Ventures Ltd (DCVL), its wholly owned subsidiary, will start setting up plants in Himachal Pradesh and Meghalaya during this fiscal, R Gurumoorthy, executive director, corporate communications, DCBL, said. "We have tied up requirements such as power and mines. We are also processing clearances for our pl... |
Mongolia plant feasibility study01 September 2009, Published under Cement NewsUSTDA has awarded a grant to Yalguun International, LLC to fund a feasibility study on the establishment of a dry process cement plant along Mongolia’s main rail line to support domestic production. The development and implementation of the new plant is expected to open commercial opportunities for U.S. firms. A signing ceremony to confer the $250,000 grant was conducted at the U.S. Embassy in Ulaanbataar. U.S. Ambassador to Mongolia Mark Minton and Yalguun General Director Natsagdorj Zonor... |
Lafarge plans small Indian acquisitions01 September 2009, Published under Cement NewsLafarge India is planning a cluster approach to venture into the South India market, Business Standard reports. That market has been consistently profitable and has a number of clusters in different state, with small units that are finding it difficult to survive at a time when big players are increasing their presence. Lafarge has 5.5Mt capacity plants in Jharkhand and Chhattisgarh and is now aiming for a pan-India presence. It is already embarked on projects in Chhattisgarh and Himachal P... |
Cement Australia opens redeveloped cement lab and offices01 September 2009, Published under Cement NewsCement Australia, the country’s largest cement manufacturer has invested more in Queensland’s future. Minister for Disability Services and Multicultural Affairs and Member for Inala Annastacia Palaszczuk attended this morning’s official opening of the company’s redeveloped cement laboratory and offices at Darra. “This is a US$10m redevelopment project that means Queensland is now home to the best in cement manufacturing in Australia,” Ms Palaszczuk said. The State Government has worked wi... |
Bamburi says H1 pretax profit jumps 55 per cent01 September 2009, Published under Cement NewsKenya’s biggest cement producer, Bamburi reported a 55 per cent jump in first-half pretax profit to KES4.5bn (US$59m), as the economy recovered from last year’s violence. Turnover was up 42 per cent to KES16.2bn driven by strong domestic demand and exports to other African countries, the Lafarge subsidiary said on Monday. "The improvement in the results shows a remarkable recovery in the domestic market from the effects of post-election violence during the same period last year," Bamburi ... |
India demand lowest in 6 months on poor monsoon01 September 2009, Published under Cement NewsHit by a weak monsoon, the growth in cement demand in August may have fallen to as low as nine per cent, according to the Cement Manufacturers’ Association (CMA). This will be the lowest growth in six months. The decline in demand from rural and semi-urban regions took its toll. It was the surge in demand from these regions that had put the cement industry back on track in November last year. Hari Mohan Bangur, president CMA and managing director of Shree Cement, told Business Standard, “D... |
Saudi cement sales jump 33 per cent in July01 September 2009, Published under Cement NewsSaudi cement sales rose 33.4 percent in July with some producers reporting their highest-ever monthly sales, NCB Capital said on Sunday. The Saudi investment company said total sales stood at 3.45Mt for the month, compared to 2.66Mt for the same period last year. It said sales rose 4.7 per cent month-on-month. Yamama Cement and Saudi Cement reported their highest-ever monthly sales in July, NCBC said. It said cement exports rose 56 per cent to 109,000t in July, compared to 70,000t a year... |
Power cuts hit cement production in Sharjah, UAE01 September 2009, Published under Cement NewsProducers of building material operating out of Sharjah say lack of electricity supply is slowing down their production levels. Several companies told Emirates Business that they are forced to cut production for several hours during the day because of the suspension of electricity supply. Many companies, however, added that a slump in demand due to the current economic condition has minimised the impact of production losses caused by frequent electricity cuts. The industrial area in Sharj... |
Cimpor plans new Mozambique plant01 September 2009, Published under Cement NewsCimpor plans to invest EUR120m in Mozambique, the majority of which will be channelled into a new cement plant, Portugal’s Diário Económico newspaper reported. According to a spokesperson from the Portuguese cement company, cited by the newspaper, the new Cimpor factory will be located in the Dondo district, on the outskirts of the city of Beira, in Sofala province, and will be “an investment that will provide an adequate response to demand, without recourse to imports, which will greatly b... |