Cement News tagged under: international
Hima Cement expansion programme on track, Uganda01 December 2008, Published under Cement NewsHima Cement production is set to double once its ongoing expansion programme ends early next year. General Manager David Njoroge said in a statement that the new plant’s capacity will increase from the current 350,000t to over 830,000t of cement. It is expected that this quantity will be "enough" to meet local and export demand. The development is good news to Uganda’s economy whose construction industry - the current drive in GDP growth - has been hit by shortage of construction materials... |
Oman cement update01 December 2008, Published under Cement NewsOman’s largest cement company, Raysut Cement Company (RCC), has come out with a strong performance in the first three quarters of 2008, achieving a net profit that was an increase of 32.7 per cent over the same period in the previous year. Meanwhile, Oman Cement Company (OCC) has expanded production capacity from time to time and is set for another major capacity upgrade. RCC, whose production facilities are in the south of Oman, reported a net profit of RO26.13m ($67.9m) and sales of R... |
East Africa: construction slump pulls down cement prices28 November 2008, Published under Cement NewsCement makers, who anticipated a continuing housing boom this year, are now scrambling to off-load excess stocks at discount prices, in one of the clearest indicators yet of the scale of the country’s construction slow-down. Cement prices have tumbled by as much as eight per cent in recent weeks, as the country’s three leading distributors offered rebates, special promotions and discounts to secure sales that have petered out. Athi River Mining, Bamburi and East African Portland Cement, ar... |
China firms plan Cameroon cement plant28 November 2008, Published under Cement NewsAuthorities in the central African country of Cameroon said said in a statement that China Aero-Technology International Engineering Corportation (CATI-ENG) had signed a CFA35bn franc draft deal to build a cement factory in Cameroon and run it via a local subsidiary. The factory will help plug a cement supply shortfall in Cameroon, which currently produces only 750,000tpa of cement, far short of demand that Industry, Mines and Technological Development Minister Badel Ndanga Ndinga estimated... |
Egypt state firm awards US$211m contract to China28 November 2008, Published under Cement NewsState-owned El Nahda Industries has awarded China’s Tianjin Cement Design and Research Institute (TCDRI) a EUR164m contract to build its cement factory in the southern town of Qena, the Ministry of Investment said on Thursday. The factory, with a design production capacity of 1.5Mta of cement, will produce clinker within 28 months and cement within 30 months, it said in a statement. The shareholders in El Nahda are four state-controlled companies -- National Cement and Arab Contractors wit... |
Ambuja Cement expansion plan on track28 November 2008, Published under Cement NewsLeading cement manufacturer Ambuja Cements today said its Rs 3,500 crore expansion programme for capacity enhancement by next year is on track despite the current slowdown in demand and economic downturn. "We will add 6Mt of capacity by 2009. Our expansion programmes are on track," Ambuja Cements Managing Director A L Kapur told reporters on the sidelines of the Holcim Sustainability Award function here. The company would expand capacities of its two plants in Himachal Pradesh and Chhattis... |
CRH to expand Polish operations28 November 2008, Published under Cement NewsCRH is spending €250 million on expanding its manufacturing facilities in Poland, according a report by the Irish Times, citing the company’s head of operations there. Declan Maguire, regional director for the Irish group’s central and eastern European materials business, was speaking in Dublin yesterday at a conference on investing in Poland. He said CRH’s sales in Poland were €800 million last year, while its operations gave a 40 per cent return on investment. Mr Maguire said it was spen... |
Brazil cement consumption to growth to slow28 November 2008, Published under Cement NewsCement consumption will not grow by the same 8% in Brazil in 2009 as it will in 2008, because of the financial crisis, according to a forecast Thursday from the National Cement Industry Association (Snic). "It certainly won’t happen," said the association’s president José Otávio de Carvalho. This is a key indicator for the wider construction industry, one of the biggest employers in the country. Most of the main real estate developers have said there will be fewer launches next year compar... |
India cement prices to rule firm, production growth may dip27 November 2008, Published under Cement NewsCement prices are expected to rule firm while its consumption slowdown is likely to limit production growth in the next two quarters, an economic think-tank said. "We expect coal cost-pressure for cement companies to ease on a sequential basis. Yet, at the prevailing levels, coal prices are substantially higher than their year-ago levels. This coupled with increased prices of other key inputs would continue to keep cost of production of cement companies on the higher side," the Cent... |
Angola: Government invests in construction materials industry27 November 2008, Published under Cement NewsAngolan deputy minister of Public Works, Manuela Bezerra, said Wednesday in Luanda that the Government is carrying out a programme designed to re-activate the construction materials industry in the country. The official was speaking at the opening of the seminar on "The present and future of construction materials in Angola". According to her, financial mechanisms of incentives to the emergence of new industries in the sector have been put in place, with stress to the Angola Development Ba... |