Cement News tagged under: international
Dangote Cement, Sephaku, formalise deal to build 2.2Mt plant10 October 2008, Published under Cement NewsDangote Cement and Sephaku Holdings announced yesterday that they have entered into a shareholders agreement for Sephaku Cement that will see the building of a 2.2Mt cement plant in South Africa. The deal was first announced in April of this year, and saw Dangote acquiring a 19.8 per cent stake in Sephaku Cement through a private placement, proceeds of which will be used to part-finance the building of the plant. The agreement that was signed in London on October 1, 2008 by the Sephaku Chai... |
Eagle Cement moves to acquire Nigercem09 October 2008, Published under Cement NewsEastern Bulk Company Limited, makers of Eagle brand of Cement has concluded arrangements to take over the Nkalagu cement factory in Ebonyi State. Eagle Cement acquired the company after qualifying in the hands of the Technical Committee on Privatisation (TCOP) established by the conference of South-East governors following the introduction of the privatisation programme by the Federal Government, just as the shareholding structure of Nigercem after the privatisation in 2002 stood as follows... |
Fiji: new factory planned09 October 2008, Published under Cement NewsA new cement manufacturing factory is to be set up in the Western Division. The cement factory is one of the projects under the US$230m soft loan deal between Fiji and China. Fiji’s ambassador to China, Sir James Ah Koy, said this was an exciting project that would benefit Fiji in several ways. Business tycoon Hari Punja signed an agreement with representative of Qin Jiang Cement Company Ltd of China on Monday. After the signing of the memorandum of understanding, Mr Punja said they hope... |
Taiwan Cement to raise export price by 50% in 200909 October 2008, Published under Cement NewsTaiwan Cement Corp., Taiwan`s largest cement maker, has decided to raise export price of cement by 50%, to over US$50/t for next year from this year`s US$34-35, according to company sources. Furthermore, including freightage, the adjusted export price of cement will even hit US$100-100/t in 2009, according to industry insiders. Edward Huang, Taiwan Cement`s senior vice president, noted that demand for cement in the Middle East, West Africa, South America, East Europe and Southeast Asia has... |
India: ACC buys 40% stake in Alcon09 October 2008, Published under Cement NewsACC has acquired 40 per cent stake in Goa-based Alcon Cement Company which has a capacity of 500tpd. The company has bought out 0.4 million equity shares of Alcon representing 40 per cent of the equity size. For several years, the company had an arrangement with Alcon for trading cement. Alcon has a clinker grinding and cement packing plant in Goa. It got into a joint venture with ACC for technical and marketing support. “The stake was bought in the previous quarter. The company has been ... |
Indonesia Bosowa Maros to build US$200m factory09 October 2008, Published under Cement NewsIndonesian cement maker PT Semen Bosowa Maros plans to build a new US$200m cement factory in Central Java. The new factory, to be built in Pati, will have an annual production capacity of 2Mt, the newspaper Bisnis Indonesia reported. Construction is expected to begin next year, said company president Erwin Aksa. Earlier, Aksa said three foreign investors wanted to team up with the company to build the new factory. |
China’s cement production slows, but price hikes09 October 2008, Published under Cement NewsGrowth of China’s cement output slowed down in August of this year, but price of cement hiked, according to the National Development and Reform Commission (NDRC). China’s cement output increased 1.5 per cent year on year in August, which was 4.8 percentage points lower than the growth in the previous month. Price of cement continued the momentum of rising in August. The average factory price of cement of key building materials enterprises stood at 310 yuan/ton, rising two yuan/ton over the... |
Lafarge launches sustainable Phoenix cement nationwide, UK08 October 2008, Published under Cement NewsLafarge has announced plans to establish its ’sustainable’ Phoenix cement as a nationwide brand, as it added three additional production sites across the country, reports Contract Journal. Phoenix Portland Fly Ash cement, which Lafarge claims has a lower embodied CO2 value than other Portland cements, has been available for several years for three plants at Westbury, Northfleet and Hope. But the company said that the additional three sites at Theale, Seaham and Abertham mean that it will b... |
Fujairah Crown Prince inspects quarry sites, cement plants08 October 2008, Published under Cement NewsFujairah Crown Prince HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, has reiterated the Government of Fujairah is keen to preserve environment through observation of the local and federal environmental laws at all the cement plants and quarry sites in the Fujairah emirate. The remarks were made Tuesday during Sheikh Mohammed’s tour to the cement plants, quarries and quarantines at Al Taween and Habhab Al Jubaila districts. He added that upon instructions from the government of Fujair... |
Zabaikalcement to build cement plant, Russia08 October 2008, Published under Cement NewsZabaikalcement has announced US$300m plans to build a cement plant in cooperation with Priargunsky Mining and Chemical Association in Zabaikalye region, the firm said. Zabaikalcement’s director Oleg Kikovets said the plant, with the projected annual capacity of 1.3Mt of cement, would be built in the region’s Olovyanninsky district. The factory is scheduled to be put into commission in 2011, Marchmont Capital Partners said. |