Cement News tagged under: international
India: Star Cement to invest in new plants22 June 2009, Published under Cement NewsCement Manufacturing Company Limited (brand name - Star Cement) is planning to invest nearly INR1100crore (US$22.7m) to meet the growing demand of cement in the North East. The new investment has been lined up for three plants ’ two cement grinding plants and a clinker unit. ’We have started the process of the new plants. Two cement grinding plants will be set up in Guwahati and Siliguri respectively while the clinker plant will be in Meghalaya,’ Sanjay Agarwal, director of Cement Manufactur... |
India: Bokajan plant to increase cement output22 June 2009, Published under Cement NewsThe Ministry of Heavy Industries as part of its 100-day agenda has proposed to Cement Corporation of India (CCI) to expand capacity of Bokajan factory and set up a new cement grinding unit at Silchar, announced Minister of Heavy Industries, Vilasrao Desmukh. The Bokajan Cement Plant located at Karbi Anglong produces 1.98Mta of Ordinary Portland cement and Pozzolona Portland cement. |
Holcim invests US$243m in Chinese cement co Huaxin22 June 2009, Published under Cement NewsHolcim a major shareholder of Chinese cement firm Huauxin Cement Co Ltd, has unexpectedly decided to spend ¥1.6bn (US$234m) to participate in Huaxin’s directional additional offering in spite of the world’s cement industry being recession-hit, according to media reports Wednesday. Holcim’s move, said to be done via its wholly-owned subsidiary Holcin B.V., is merely a minor step in its aggressive global purchase tour. * Earlier this Monday, Holcim announced a US$1.6bn dollar purchase of the ... |
Saudi Arabia: Southern Cement may freeze expansion plans22 June 2009, Published under Cement NewsA Saudi ban on cement exports may force Southern Province Cement Company (SPCC) to freeze expansion plans and prevent it from meeting contracts worth a fifth of its 2008 production, its chief executive said. SPCC, which was the biggest Saudi cement firm by turnover in 2008,had been planning to expand one of its three factories by the end of 2010 but has now decided to wait until market conditions improve, Safar Dhufayer told the press. ’As long as the ban exists we might consider delaying or... |
China to regulate cement production22 June 2009, Published under Cement NewsThe Ministry of Industry and Information Technology of China plans to publish measures within the year to control aggregate capacity of cement production and develop of large enterprises, according to the Xinhua-run Economic Information Daily. The ministry may at first draw up a document to guide the industry in southwest China’s Sichuan Province, where the cement production is likely to be in overcapacity. An access system for the industry will be launched, to prevent blind approval of ne... |
France’s Lafarge to invest RUB18bn in Kaluga cement plant22 June 2009, Published under Cement NewsAnatoly Artamonov, governor of Russia’s Kaluga region, and Nicolas Fournier, president of Lafarge Vostok, an affiliate of France’s Lafarge SA, signed an agreement on cooperation on Friday as part of a project to build a cement plant in the region. "The agreement defines the terms of the investment project to develop the Borshchevskoye mineral field and also build a plant. Investment in the project will amount to about RUB18bn (US$57m)," the governor’s administration told Interfax. The plan... |
Italcementi suspend merger approval22 June 2009, Published under Cement NewsItalcementi SpA and its French unit Ciments Francais have suspended the approval of their merger project until their next meeting, to take place not later than June 26. Italcementi and Ciments Francais, however, confirmed their favourable view on the project, the two companies said. The approval of the merger was suspended due to an ongoing dispute with US institutional investors holders of notes issued by Ciments in 2002 and 2006 for US$500m (€359.7m). The dispute stems from the interpret... |
Taiwan Cement aiming to invest US$800m in China22 June 2009, Published under Cement NewsThe Taiwan Cement Corporation plans to invest as much as US$800m to double its cement production in China by 2012, aiming to become the third largest supplier in the Chinese market, said the company’s chairman yesterday. Taiwan Cement’s annual output in China will increase to 52Mt in 2010, twice the present 26Mt, and more than five times the company’s total capacity in Taiwan, said the chairman, Koo Cheng-yun. Koo told a shareholders meeting that the company will become the largest cement ... |
Sinoma to buy 55m shares of Gansu Qilianshan Cement19 June 2009, Published under Cement NewsChina National Materials Co Ltd (Sinoma), the world’s largest provider of cement-producing equipment, on Monday announced that it has signed an agreement to buy 55m new shares of Gansu Qilianshan Cement Co for RMB 9.11 (US$1.33) apiece. After the transaction, Sinoma will hold an 11.58 per cent stake in Gansu Qilanshan and will be the latter’s second largest shareholder, said the company in a statement filed with the Hong Kong Stock Exchange. Pursuant to the agreement, Sinoma will commit to... |
Operations at Dushanbe cement plant in Tajikistan19 June 2009, Published under Cement NewsOperations at Dushanbe cement plant in Tajikistan were suspended yesterday following the stoppage of gas supplies, said Ms Fazilat Safarova, the deputy director of state unity enterprise Tojiksement (Dushanbe cement plant). "We have been forced to ask more than 1000 workers to take unpaid vacations," said Safarova. The Tojiksement’s administration has applied to the government to take into account the poor state of Tojiksement due to the global financial and economic crisis and help resume... |