Cement News tagged under: international
DJ Venezuela to proceed with cement nationalisation18 August 2008, Published under Cement NewsVenezuela President Hugo Chavez said he’ll proceed with the nationalisation of his country’s cement industry, and has given Cemex, Lafarge and Holcim until Tuesday to comply, Bloomberg News reported. Chavez has initiated a mammoth nationalisation drive, which has included joint oil ventures, a steel mill, cement companies and one of the country’s largest banks. It could cost the government more than $11bn, Ecoanalitica, a Caracas-based research firm, said. The three companies have been g... |
Ohorongo investment, Namibia18 August 2008, Published under Cement NewsOhorongo Cement, which this week received a mining licence from the Ministry of Mines and Energy, is to invest N$2.5bn in constructing a modern cement plant between Tsumeb and Otavi. The infrastructural works, such as access roads and preparation of the building site, have already started with Namibian construction companies. The installation of the machinery and equipment of the cement factory by Polysius, the main contractor, will start early next year. The plant is expected to be fu... |
Armenia cement plant sold to Russian company18 August 2008, Published under Cement NewsA Russian industrial group has acquired one of Armenia’s two cement plants located in the central town of Hrazdan, according to an Armenian news agency. The Arminfo news agency based the report on an unnamed source close to the Mika-Cement company owned by Mikhail Baghdasarian, a Russian-Armenian businessman close to President Serzh Sarkisian. It said the cost of the company’s takeover by Russia’s RATM Holding is not yet known. A spokeswoman for Baghdasarov declined to confirm or deny the i... |
Tangshan Jidong Cement to set up new production line15 August 2008, Published under Cement NewsTangshan Jidong Cement Co, a China-based construction materials manufacturer and distributor, announced that it has signed an agreement with Laishui County government to set up a new cement line. Pursuant to relevant contract, the Tangshan-headquartered cement producer will approximately invest RMB 700m in the new cement production line, which is scheduled to be completed and commence production within a year after the company receives regulatory approval from the local government. The n... |
Government to abolish import duty on cement, Russia15 August 2008, Published under Cement NewsA working group of the Russian government’s commission for protection measures in foreign trade has unanimously endorsed abolition of the cement import duty indefinitely, Kommersant reports. The zero duty that is in force now expires in October. Its introduction in January resulted in an influx of cement imports, pushing cement prices on the Russian market down by over 20% in May-July and forcing the market’s leader, Eurocement, to cut its production by one third. |
Anhui Conch Cement 1H net profit up 46 per cent15 August 2008, Published under Cement NewsAnhui Conch, China’s largest cement producer by output, announces its first-half net profit rose 46% from a year earlier on strong sales volume growth and cement prices. Hong Kong and Shanghai-listed Anhui Conch said in a statement its net profit in the six months ended June 30 was CNY1.30bn, up from CNY895.3m in the same period last year. Its first-half revenue rose 22% to CNY10.20bn from CNY8.36bn. The rise in net profit was partly due to lower tax expenditure and an increase in inve... |
Ukraine cement production down by 0.1% to 1.84Mt14 August 2008, Published under Cement NewsIn July 2008, cement production in Ukraine fell by 0.1%, compared with July 2007, to 1.84Mt. Production fell by 4.6% in July, compared to June. In January-July cement production rose by 10.5%, compared to January-July 2007, to 9,293t. |
TCL to adjust domestic, international prices14 August 2008, Published under Cement NewsTrinidad & Tobago cement manufacturer Trinidad Cement Limited (TCL) will introduce a new price structure starting September 1, paper Trinidad Express reported. Prices will be adjusted 6.5% for the local market and 12% for the export market to counter substantial increases in production costs related to raw materials, spares, fuel and freight, the report said. Over the last year, the cost of clinker cement has risen 22%, reflecting increased energy prices of approximately 50%. At the sa... |
Akmenes 1H revenue up 42 per cent, Lithuania14 August 2008, Published under Cement NewsLithuania’s only cement manufacturer Akmenes Cementas said on Wednesday its sale revenue for the first seven months of this year soared by 41.5 per cent YoY to a record high of LTL178.3m (EUR 51.68m). Monthly sales for July jumped by 38.9 percent from a year earlier to LTL35m, the company’s public relations officer, Richardas Sudaras, told BNS. He attributed the strong growth in revenue this year to increased demand for cement in Lithuania, due in part to the warm weather this past winter,... |
JP Associates to set up cement units in Madhya Pradesh, India14 August 2008, Published under Cement NewsJaiprakash (JP) Associates has signed four MOUs with Madhya Pradesh Government to invest Rs 13,000 crore for setting up two cement manufacturing units, an aluminium production factory and a power plant for generating power. The MOUs were inked by Madhya Pradesh Energy Minister, Gaurishankar Shejwar and JP Associates Executive Chairman Manoj Gaur for setting up power plants, while for establishing cement and alumimium units, it was signed by Industry Minister Jayant Mallaiya and Gaur in... |