Cement News tagged under: international
US$15m cement plan to ease crisis11 August 2008, Published under Cement NewsBahrain’s only cement manufacturer, Star Cement, is to invest US$15m (BD5.6m) to increase production and combat a critical shortage, it was revealed yesterday. The mill in Hidd has a capacity to produce 400,000tpa of cement. It will be increased to 500,000t when a new mill is installed, said Star Cement chief executive officer R S M Abul Hasan. Bahrain’s construction industry has been badly hit by a shortage of cement and other materials, following a restriction by Saudi on exports. "The c... |
Iran’s Khoy cement factory to go on-stream this year11 August 2008, Published under Cement NewsThe managing director of the Khoy Cement factory announced here on Sunday that the factory is 85 per cent complete and will go on-stream in the current Iranian calendar year (ending March 20) if the financing of the project is on time. Ali-Asghar Nabizadeh said that IRR200bn (some US$21.5m) worth of financial facilities has been earmarked for the project, noting that more than IRR500bn (about US$53.9m) has been spent for the factory construction so far. “Once the factory comes on stream, ... |
India: Nod for cement plant prospecting11 August 2008, Published under Cement NewsEven as Himachal Pradesh government is making a case for earning carbon credits through an active green policy, the state cabinet on Friday gave its nod for exploring the possibility of setting up another cement plant near the state capital. Presided over chief minister Prem Kumar Dhumal, the cabinet approved issue of prospecting license to Dalmia Cements to explore for limestone, shale and quartz deposits in Kariyali-Kothi-Sal-Bagh area of Sunni tehsil in Shimla district. The company propo... |
Taiheiyo turns to loss as demand for cement wanes11 August 2008, Published under Cement NewsTaiheiyo Cement Corp, Asia’s biggest producer, turned to a loss in its first quarter as demand for the building material waned in Japan and the U. The company reported a loss of ¥8.6bn (US$78m) in the three months ended June 30, compared with a ¥2.7bn profit a year earlier, the Tokyo-based company said today in a statement through the city’s stock exchange. Sales fell 9.6 per cent to ¥202.4bn. Sales slid in Japan and the US, the company’s largest markets, after a slowdown in construction le... |
India cement prices to fall on surplus output08 August 2008, Published under Cement NewsIndian cement producers feel their margins will remain under pressure for the next several quarters as excess capacity build up in the country is expected to keep prices from moving up. This is despite various infrastructure development projects which is keeping demand alive even as real estate development has witnessed a slowdown. "Cement prices will decline by Rs 10 per 50 kg bag in a year. We already have a case of surplus capacity in the north and we expect to add more capacity in the ... |
Russia cement prices fall 20 per cent in inflation battle08 August 2008, Published under Cement NewsCement prices in Russia have dropped off sharply from record highs despite a continuing surge in demand, showing that on some fronts, the state’s battle against rampant inflation is working. In the past two years, rising cement prices have frustrated some of the Kremlin’s efforts to renew Russia’s infrastructure. Russia plans to spend $1 trillion by 2020 on dams, roads, power stations, airports and other basics. All of these things need a lot of cement, the price of which has doubled in ... |
Gujarat to get two new cement projects08 August 2008, Published under Cement NewsAfter a lull of nearly a decade, two large greenfield cement projects are coming up in the western Indian state of Gujarat. This will be the first major new activity on the cement front in the state after the commissioning of the Hyderabad-based Sanghi Group’s cement unit at Abdasa in Kutch district of the state nearly a decade ago. The Braj Binani Group is setting up the first project comprising two units at two different locations. The two units will have a total combined installed cap... |
New Nigerian cement plant venture announced07 August 2008, Published under Cement NewsA new cement factory, Northrich Cement Limited, is to be built in Sokoto, a city located in the northwest of Nigeria at a cost of N42bn. The plant, with an expected capacity of 1.5Mta, is a joint venture project by the China-based Zhonghao Overseas Construction Engineering Limited and its Nigerian associate, Loratt Capital Limited. Under the joint venture, the Chinese company will be the major shareholder and technical partner with 55 percent equity, Loratt Capital will hold 25 per cent st... |
Shree Cement July shipments up 31 per cent YoY07 August 2008, Published under Cement NewsShree Cement said on Thursday its July shipments rose 31 per cent to 582,000t from 445,000t a year earlier. Total shipments between April to July 2008 rose 28 per cent to 2.36Mt, from 1.84Mt a year ago, the company said in a statement. The firm has a capacity to produce 8Mta of cement annually at its plant in the northern state of Rajasthan. |
Belarus: construction of three new cement plants07 August 2008, Published under Cement NewsThe construction of three new cement plants in Belarus will cost US$1134m, Construction Minister Alyaksandr Selyaznyow told reporters in Minsk on August 6. According to the minister, “we have no investors for the projects.” “We have companies’ own funds, money in innovation funds, loans from our banks. This has made it possible to start the preparatory period,” he said. The government also will allocate part of a $550, Chinese credit line for the projects, the minister said, expressing hop... |