Cement News tagged under: international
Votorantim to invest US$258mn BNDES loan in expansion, modernisation18 November 2008, Published under Cement NewsBrazilian cement maker Votorantim Cimentos received approval from shareholders to take out a 600mn-real (US$258mn) credit line with national development bank BNDES, Valor Online reported. The loan will be used to expand and modernize the firm’s fixed assets. Part of the resources will also be destined to the purchase of new equipment, and to studies and engineering projects related to the expansion projects, the report said. At the same time, the company intends to invest in quality and pro... |
Ashaka Cement to boost MDG target on housing18 November 2008, Published under Cement NewsAshaka Cement Plc is committed to enhancing the realisation of he Millennium Development Goals (MDGs) target on housing by making cement available at affordable cost. General Manager, Ashaka Cem, Engr Mustapha Mohammed Daggash, declared however that the only way the company would help alleviate people’s housing burden was to develop alternative sources of power to make for a cheaper cost of production and hitch-free power supply in the production plant. Daggash asserted that in order to re... |
Sephaku wins limestone mining licence for new cement plant18 November 2008, Published under Cement NewsThe Department of Minerals and Energy has granted Sephaku, a new entrant in South Africa’s cement industry a 30-year limestone mining right, the company said on Monday. The licence was awarded to the company’s wholly-owned subsidiary Sephaku Development. “The granting of the mining right is an important milestone for Sephaku Cement as it will provide necessary limestone resources to supply its Itsoseng cement project with raw materials for more than 30 years.” said chairperson Dr Lelau Mo... |
Indian cement makers capacity utilisation slides17 November 2008, Published under Cement NewsThe Business Standard reported that capacity utilisation for the Indian cement sector has slipped to a four year low on the slowdown in demand from construction and other sectors. Addition of new capacity has not helped the situation. Capacity utilization dropped to 82 per cent in the Q2 ended September compared to 90 per cent in the corresponding quarter a year earlier. According to a Motilal Oswal Securities report, 31Mt of fresh capacity was added in 2007. In the H1, capacity utilisatio... |
Nigeria, Syria plan to build cement factory17 November 2008, Published under Cement NewsPlans have reached an advanced stage for Nigeria and Syria to establish a cement factory, Mr. Mohammed Hassan, the Charge d’Affairs, Nigerian Embassy in Damascus, said. Hassan said in an interview in Damascus: "I may be going with some Syrian business group to Nigeria in the coming few months when all agreements are formally finalised to that effect. "This is in line with President Umaru Yar’Adua’s vision of making the country one of the 20 most advanced economies in the world." According... |
Everett approves new plant17 November 2008, Published under Cement NewsCemex’s plan to consolidate two existing plants at the mouth of the Snohomish River won’t disturb the neighborhood, planners say. A new concrete and asphalt plant is to be constructed on Everett’s northern tip along with a barge- offloading pier and a place to store contaminated soil. Cemex received the shoreline permits needed to develop a 22-acre industrial site at the mouth of the Snohomish River near Highway 529, Everett, USA, Hearing Examiner James Driscoll ruled Friday. The decision ... |
House opens probe on cement ‘cartel’17 November 2008, Published under Cement NewsNoting an urgent need to come up with a strong competition policy or anti-trust law, the House committee on trade and industry in teh Philippines will start hearing today on the issue of cement cartel operations by the three major foreign cement firms operating the country. The committee headed by Rep. Junie Cua will particularly look into four House Resolutions urging the committee to conduct an investigation on the reported overpricing of cement by the cement manufacturers and four pendin... |
ASEAN producers urged to be innovative to face challenges14 November 2008, Published under Cement NewsBandar Seri Begawan, The Minister of Industry and Primary Resources, yesterday urged the members of the Asean Federation of Cement Manufacturers to continue finding innovative and economical business solutions to raise productivity and maintain their competitiveness in the face of the current market forces. Pehin Dato Seri Setia Awang Haji Yahya bin Begawan Mudim Dato Paduka Hj Bakar said this before officiating the 32nd Asean Federation of Cement Manufacturers (AFCM) Council Meeting. The ... |
Philippines: Gov’ projects hit by rising cement prices14 November 2008, Published under Cement NewsThe implementation of public infrastructure projects in the Cordillera is being affected by the skyrocketing prices of cement and construction materials caused by the economic slump and aggravated by the global financial crisis. This was the contention of construction industry stakeholders who belied earlier claims by a multinational cement manufacturer that government projects have been saved by the stable prices of cement. According to them, the rising prices of cement and construction m... |
Indonesia’s Oct domestic demand up 24.3 per cent YoY14 November 2008, Published under Cement NewsIndonesia’s domestic cement consumption in October rose 24.3 per cent to 3.11Mt, industry data distributed by PT Semen Gresik Tbk showed on Thursday. State-owned Semen Gresik, the country’s largest cement maker, said its total sales in October, including exports, rose eight per cent to 1.45Mt. (Reporting by Harry Suhartono, editing by Sugita Katyal). |