Cement News tagged under: international
Increasing investment leads Gresik to seek US$1.2bn loan28 July 2008, Published under Cement NewsPT Semen Gresik Tbk seeks out US$1.2bn loan or IDR10.98 trillion to fund the company with its swelling investment up through to US$1.8bn. The national cement company proposed its new investment to some overweas investment banks last Thursday including UBS, Credit Suisse, and Standchart Securities. The proposal shows that Semen Gresik requires US$1.8bn investment or IDR16.47 trillion to fund the construction of two new cement factories including the power plant within the next five years... |
Jidong to build CNY1.5bn project in Chongqing28 July 2008, Published under Cement NewsChinese cement producer Tangshan Jidong Cement Co., Ltd yesterday released a plan of spending CNY1.5bn building two clinker production lines each with daily production capacity of 4500t in Bishan County, Chongqing, Southwest China. The two production lines are to be attached with pure low-temperature waste heat recovery for power generation project and will cover a land of 33.33ha. Jidong Cement will set up a Bishan-based company for the project. Besides, Jidong Cement singed an agreemen... |
Henan cement prices rise28 July 2008, Published under Cement NewsCement prices in central China’s Henan province in the first half of July rose by 5.61 per cent than the second half of June to CNY 309/t following the coal and electricity price rises, according to the provincial commerce department. Of all cement products, prices of Ordinary Portland cement were CNY 288/t on average, an increase of 5.11 percent than the second half of June; portland blast-furnace slag cement prices averaged CNY 350 per ton, equivalent to that in the second half of June; ... |
Sri Lanka Kankasanthurai factory to reopen soon28 July 2008, Published under Cement NewsMoves are under-way to reopen the Kankasanthurai Cement factory as a step to cater to the local cement demand, Lanka Cement Limited Chairman Sisira Paranagama said. He said a sustainable solution could be found for the prevailing cement shortage in the market and stable cement prices too could be maintained. He said nearly 3,000 job opportunities could be generated with the opening of the factory. He said priority will be given to the unemployed youth in Jaffna in providing jobs. The ren... |
Pakistan cement prices up by Rs32 in a week28 July 2008, Published under Cement NewsCement prices during a short span of one week went up by Rs32 per bag to Rs380, according to the Federal Bureau of Statistics (FBS) figures. In percentage terms, cement prices were up by 9.20 per cent over the previous week and 62.92 per cent over the corresponding week of the last fiscal, when its prices stood at Rs233.25 per bag. |
Cement projects to help govt in clean Himachal28 July 2008, Published under Cement NewsCement projects in Himachal Pradesh will soon supplement the ’clean Himachal’ project aimed at making the state clean and green. This will be done by cutting on activities that put pressure on environment as well as generating electricity by ’waste heat recovery system’ to gainfully utilise the kiln gases emission from the plants. This was revealed by Prof Prem Kumar Dhumal, chief minister in a meeting with Shri Arun Mahajan, vice president, ACC Limited, who called on him to apprise him of... |
Vietnam Deputy PM urges capital disbursement for cement projects in south28 July 2008, Published under Cement NewsDeputy Prime Minister Hoang Trung Hai has instructed that ministries, sectors and banks to co-ordinate, consider thoroughly and settle difficulties in capital for cement projects so that they can be carried out as approved plan. Specifically, the State Bank of Vietnam is requested to instruct commercial banks to continue supplying capital to cement projects that they have signed credit contracts with so that these projects can be completed and put into operation in 2008 and 2009. For the a... |
Malaysia: cement price likely to rise on higher costs28 July 2008, Published under Cement NewsAn increase in the price of cement is possible due to higher operation and transport costs following the hike in petrol and diesel prices early last month. The Master Builders Association of Malaysia (MBAM) said in a statement that cement price might increase again because quarry product prices had risen by 20% on July 1 due to higher costs of operating machines and transporting them. The statement was issued jointly with the Real Estate and Housing Developers Association, Persatuan Kontra... |
Cost pressures take Ambuja Cement Q2 net down.28 July 2008, Published under Cement NewsAmbuja Cements Ltd (ACL) on Friday announced that the company posted a fall of 33% in its net profit to for the second quarter ended June 30, 2008 at Rs 577 crore against Rs 855.01 crore in the corresponding quarter last year. The company’s sales for the period stood at Rs 1,570 crore, up 8% from Rs 1,450 crore last year on account of a combination of moderate price increase and a change in mix of export and domestic dispatches, the firm informed. However, the total dispatches were mo... |
Libya awards four cement industry licenses28 July 2008, Published under Cement NewsAccording to the National Mining Corporation, Libya has awarded licenses to four foreign companies out of 24 applicants earlier this month to set up cement related operations to exploit natural resources including iron ore, lime and clay. He said that these natural resource sites are offered for exploitation by investors via tenders on the same way as Libya does with oil and gas and the currently the priority is to develop the cement industry. Mr. Khalifa Ahmed al Badr, head of the Nationa... |