Cement News tagged under: international
China Resources Cement to build Asia’s largest belt veranda12 August 2008, Published under Cement NewsChina Resources Cement (Fengkai) Co on Thursday signed an agreement with a French company to construct a 40km-long belt veranda in Zhaoqing city, Guangdong province, for the transportation of lime stone. This will be the longest belt veranda in Asia. The cement production project to be constructed in Fengkai county, Zhaoqing city with investment of HKD 5.9bn, is one of the two largest investment projects there. The project will consist of ten new-type dry cement production lines with a dail... |
Ethiopia: construction of Derba Midroc Cement factory well underway12 August 2008, Published under Cement NewsThe construction of Derba Midroc Cement factory being carried out with US$310m in North Shoa Zone of the Oromia State is reportedly well underway. Derba Midroc Cement and Major Investment Projects Executive Director, Haile Assegide, told WIC that Derba Midroc cement factory is the biggest of the three factories launched two years ago with a view to meeting the cement demand of the country. He said of the remaining two small factories, the factory located at Dejene, has already gone operati... |
India: Dalmia Cement proposes to lease out power assets12 August 2008, Published under Cement NewsDalmia Cement, the south-based cement maker, has proposed to lease out assets comprising the undertaking of its proposed 18MW power plant at Dalmiapuram in Tamil Nadu. The assets will include land, buildings, plant and machinery. The company said that the step is being taken to have a good operational efficiency from the power project (which is in the process of setting up to assist the nearby existing cement plant) and to maintain a healty debt equity ratio for the company. The company’s... |
South Africa: economy pushes cement sales down12 August 2008, Published under Cement NewsThe slowdown in economic growth is seen as the main cause for the decline in the sales of cement. According to the Cement and Concrete Institute, the sales of cement fell by 0.9 per cent in July compared to a year earlier. Pieter Strauss, managing director of NPC/Cimpor, said: “The cement industry has been affected by a lot of issues including the general economic situation, electricity supply and industrial actions.” This decline in sales includes Botswana, Lesotho, Namibia and Swaziland.... |
Nigeria: Nyako taps cement deposits12 August 2008, Published under Cement NewsGovernor Murtala Nyako of Adamawa State has said his administration will look at the possibility of actualising the proposed Guyuk Cement Industry in view of the abundant limestone and gypsum deposits in the area. Nyako stated this when members of Lunguda community in Guyuk Local Government Area of the state, led by the Kwandi Nunguraya, Chief (Dr) Wilfred Kimde, paid him a solidarity visit at the Government House, Yola. The governor described Lunguda land as one blessed with abundant huma... |
Cemex values Venezuela operations at US$1.8B12 August 2008, Published under Cement NewsMexican cement giant Cemex has put a US$1.8bn price tag on its Venezuela operations, an amount that President Hugo Chavez’s administration, which is nationalizing top assets in the sector, deems "unreasonable," said a Venezuelan government official familiar with the negotiations. "They are putting a value of US$1.8bn," the person told Dow Jones Newswires Monday. The price was "unreasonable" given that the main cement plants owned by Cemex in Venezuela were relatively old and need investment... |
Lafarge Plans US$1bn investment in Indian cement operations12 August 2008, Published under Cement NewsLafarge S.A, the world’s second largest cement manufacturer, has announced plans to invest US$1bn in India over the next five years to ramp up its cement production capacity in the country to 20Mta. The company plans to set up three manufacturing facilities, each with a capacity of 2.5Mta, and will also expand its three existing plants to achieve a total capacity of 12Mta. Lafarge forayed into the Indian market in 1999 with the acquisition of the cement business of Tata Steel Limited (Mumb... |
The Philippines: Chinese group putting up US$275m cement plant in Antipolo City11 August 2008, Published under Cement NewsA Chinese business conglomerate which has a good track record for environmental compliance here in China has committed itself to put up a US$ 275m cement plant in the Philippines, Trade Secretary Peter Favila said today. Favila said the desire of the Fujian Longlin Group, Ltd to invest in the Philippines was relayed by its chairman, Yujian Xu, to President Gloria Macapagal-Arroyo when he called on the President this morning at the Jinshou Room of Asia Hotel here. Favila said once the propos... |
Cemex exports cement to the Caribbean11 August 2008, Published under Cement NewsCemex Inc has initiated its plan to export 165,000t of cement manufactured at its Brooksville, Fla, plant through the Port of Tampa, according to published reports. The company said the exports began July 31 and will continue indefinitely. “This is an illustration of our ability to leverage the global Cemex network to maximise our assets in the United States,” Gilberto Perez, president of Cemex USA, said in a media release. Cemex said it decided to convert its Tampa Bay-area operations to ... |
Iran, Venezuela to help Bolivia create cement company11 August 2008, Published under Cement NewsPresident Evo Morales on Saturday signed an executive order creating Cementos de Bolivia, a state cement company to be formed with financial assistance from allies Iran and Venezuela. Morales signed the deal in the presence of diplomatic officials from both countries "in order to establish in the shortest time possible" two factories in the southwestern provinces of Oruro and Potosi with a capacity to produce 700,000tpa of cement. Investment in the plants will total roughly US$225m. Constru... |