Cement News tagged under: international
East Africa: EAC Lowers Cement Tax25 August 2009, Published under Cement NewsThe East African Community Council of Ministers has resolved to reduce the common external tariff (CET) on cement from 35 to 25 per cent. Mr Andrew Luzze, the Uganda Manufacturers Association (UMA) Policy Officer explained the resolution is aimed at increasing cement imports into the region to mitigate the current high cement prices. "High prices have caused the sector to decline in both constructing new buildings and reduction in the sector’s contribution to the Gross Domestic Product (GD... |
Cement industry to face higher market access in China25 August 2009, Published under Cement NewsChina will ease the serious overcapacity in its cement industry by setting "stricter than expected" threshold for approval of new production lines, according to a report by China Securities Journal. A draft by the Ministry of Industry and Information Technology (MIIT) says that provinces with more than 1000kg per capita of cement clinker will not be allowed to build any new cement projects during the 12th Five-year Plan starting from 2011. Other standards will also be imposed, including ... |
No pay today for cement workers25 August 2009, Published under Cement NewsA serious cash-flow problem has left Caribbean Cement Company unable to meet its monthly payroll today. Instead, the company has told its monthly paid employees that it would attempt to pay them no later than Friday. "The company apologises for any inconvenience that may result from the delay in payment of salaries, but it is severely challenged at this time, given the sustained contraction in the economy and its impact on our sales and, by extension, cash flow," Caribbean Cement said yest... |
Angolan government approves new plant project25 August 2009, Published under Cement NewsThe Angolan government has approved a private investment project under the name of “SLN – Benguela cement and clinker factory,” which has a value of US$240m, according to Angolan news agency Angop. The project’s promoters are Portuguese company Sociedade Lusa de Negócios (SLN) – Internacional, Tecnoimóvel Limitada (an Angolan company) and Caixa de Segurança Social das Forças Armadas Angolanas, according to a statement from the meeting of the Government’s collective body. Located in the tow... |
Russian co to build cement plant in Rostov Reg25 August 2009, Published under Cement NewsSmall construction company EkoEksEnrgoStroy has signed an agreement with the government of the Rostov Region to build a RUB10bn cement plant in the region, according to information from the signing ceremony. The construction of the plant is expected to take two years and nine months. The plant’s production capacity is expected to amount to 1Mt of cement. |
India: militants kidnap manager, engineer of cement firm24 August 2009, Published under Cement NewsThe two Virgo cement officials, who were abducted by unidentified gunmen from Meghalaya-Assam border in East Garo Hills district, continue to remain untraced, with police getting new clues of the captors, official sources said. The abduction is believed to be the handiwork of a lesser known militant outfit Rabha Viper Army. On Friday, four armed men abducted Virgo Cement Plant Manager Sambu Danuka and Chief Engineer PK Hori at gunpoint. The militants released Nirmal Rabha, the driver, bef... |
India: JSW plans to set up a new cement plant by 201124 August 2009, Published under Cement NewsSajjan Jindal-led JSW Group said it plans to set up up a INR1900crore (US$3.91m) cement plant with a production capacity of 5Ma by the end of next financial year. The proposed cement unit will be located in Karnataka and Andhra Pradesh and will be undertaken by the group’s subsidiary JSW Cement, say media reports. JSW Group chief Financial Officer Seshagiri Rao said JSW Cement had already tied up INR1500crore (US$3.09m) debt for the venture and the rest would be provided by the group. The ... |
Cemtech Sanghi to produce 1.2Mt of cement in Pokot24 August 2009, Published under Cement NewsIndia-based cement producer giant Sanghi Group, whose subsidiary Cemtech Sanghi has been granted exclusive mining rights by the Kenya government for a project in Pokot district near the Kenya-Uganda border, will produce over 1.2Mta of cement. Initially, the company had proposed in its business plan to produce over 600,000tpa in the initial phase “and expand to over 1Mt in the subsequent phases, subject to the availability of additional limestone.” The upward revision was made by the compan... |
Indonesia: Semen Gresik starts constructing new factory24 August 2009, Published under Cement NewsState-owned cement producer PT Semen Gresik Tbk officially started building its new factory in Tuban on Thursday, and expects to have it running by the first quarter of 2012. With an annual production capacity of 2.5Mt of cement, the IDR3.5trn (US$350m) project is aimed at meeting an expected increase in demand once the global economic downturn peters out, said general manager Dwi Soetjipto. "We’re predicting growth of 6.5 per cent in cement demand by 2011," Dwi said after the opening cere... |
India’s Rungta Group forays into cement manufacturing21 August 2009, Published under Cement NewsRungta Mines Limited (RML) (Singhbhum, Jharkhand) has announced plans to develop a cement manufacturing plant in Orissa. RML, the flagship company of SR Rungta Group, has been primarily involved in iron ore mining and steel production ventures. In an effort to diversify the parent group’s businesses, RML has proposed to construct a cement plant with a production capacity of 1Mta at an estimated investment of US$123.14m. |