Cement News tagged under: international
Abu Dhabi Islamic Bank finances new Sudan plant28 July 2008, Published under Cement NewsAbu Dhabi Islamic Bank has announced the financial close of a bridge facility for the construction of a cement manufacturing unit in Sudan. The six month facility will be taken out by a US$ 130 million medium-term facility, the terms of which are currently being finalised, and has been arranged on a club basis together with Bank AudiBank sal - Audi Saradar Group of Lebanon. Al Takamul is the cement manufacturing arm of ASEC Cement Holding – Egypt. Mr. Tirad Mahmoud, ADIB CEO, commented: "... |
South Africa: new Randfontein plant on track28 July 2008, Published under Cement NewsLafarge SA said yesterday the building of its Randfontein plant, a key part of its plans to increase production by about a quarter, was on track to meet its October completion deadline, despite power cuts experienced earlier this year. The Randfontein plant is part of a R1.2bn capacity expansion, which is expected to lift Lafarge’s annual cement output by 1Mt to a total of just less than 4Mt. The investment includes the expansion of its Lichtenburg operations in North West, expected to com... |
Holcim plant manager appointed, New Zealand25 July 2008, Published under Cement NewsHolcim (New Zealand) Ltd has this week announced the appointment of Chester Goodson as plant manager at its Westport Cement Works. Former plant manager Chris Dempsey resigned earlier this year to take up a cement management position overseas Announcing the new appointment General Manager – Cement, Ross Pickworth said “Chester comes to us with a wealth of cement experience. He has spent the last 30 years in a variety of roles within the cement industry in the United States, and already work... |
Gujarat’s mini cement plants want village industry status25 July 2008, Published under Cement NewsGujarat’s small cement factories are facing closure on account of rising manufacturing costs, according to an industry lobby. The Gujarat Mini Cement Manufacturers Association (GMCA), representing small cement units, also said the state government has done little to help this sector. “We have proposed to the state government that the mini cement sector be treated as a village industry,” GMCA secretary Kirit Vyas told IANS. “Most of these units are located in rural areas and can be made el... |
Cameroon may build second deep-sea port to supply cement plant25 July 2008, Published under Cement NewsCameroon may build a second deep- sea port at the coastal town of Limbe to allow heavy equipment to be brought into the country for a planned cement plant, Cameroon’s Ports Authority said. The port, which will cost an estimated 200bn Central African CFA francs (CFA$477.9m), will be able to accommodate ships weighing up to 60,000t Nlend Banack, an official at the authority, said in an interview in the capital, Yaounde, today. Cameroon’s main port of Douala can only handle ships of up to 15,0... |
Sri Lanka seeks partners to revive plant25 July 2008, Published under Cement NewsSri Lanka’s industrial ministry plans to revive a defunct cement plant in Kankesanturai, in the northern Jaffna peninsula, through a joint venture, a government spokesman said. Industrial Development Minister Kumara Welgama has got cabinet approval to look for "suitable investors" for a joint venture to revive the cement plant which has been closed since 1990, information minister Anura Yapa said Thursday. This would pave the way for development in the north and give jobs for people ther... |
India: ACC Q2 net profit falls 27%25 July 2008, Published under Cement NewsACC Ltd, India’s largest cement producer, on Thursday announced that the company has reported a fall of 26.92% in its net profit to Rs 255.08 crore for the second quarter ended June 30, 2008 as against Rs 349.02 crore in the corresponding quarter last year. The company’s turnover for the period stood at Rs 1,920.11 crore, up 1.52% as compared to Rs 1,891.28 crore in Q2 FY07. "Sales volume at 5.29Mt of cement during the second quarter, dipped 1.30% as compared to 5.36Mt in 2007 on account o... |
Shree Cement expansion, India24 July 2008, Published under Cement NewsShree Cement (SCL), the Kolkata-based firm will invest Rs 550 crore in the current fiscal. The company is building a waste heat recovery-based power plant of 10MW capacity in Ras (Rajasthan) with an outlay of Rs 250 crore. In addition, it is expanding its clinker capacity by 1Mta in Rajasthan, along with associated split grinding capacity for a total outlay of Rs 300 crore. Shree Cement managing director HM Bangur told local press: “The power plant is expected to begin operations in August ... |
Holcim successfully commissions Romania’s largest kiln line24 July 2008, Published under Cement NewsHolcim Romania has just successfully commissioned a new kiln line in the cement plant of Campulung. This brings an additional third of cement production capacity to this group company that operates in a very dynamic, fast growing construction materials market. To achieve this, the group invested EUR120m. The new facility has a cement production capacity of around 2Mta. This makes it the country’s biggest kiln. It replaces three outdated smaller production units. The best available technol... |
Acquisitions strengthen GCC results24 July 2008, Published under Cement NewsMexico-based Grupo Cementos de Chihuahua (GCC) announced consolidated results for the quarter ended June 30, 2008. During the second quarter of 2008 were generated double-digit volume growth in cement and concrete in the United States and Mexico compared to the first quarter of the year. These increases reflected more dynamic activity in the construction sector, the integration of acquisitions made in the first quarter of the year, and revenues generated by the new cement plan in Pueblo, Col... |