Cement News tagged under: international
Merrill Lynch invests US$50m in China’s Ziping21 July 2008, Published under Cement NewsMerrill Lynch & Co Inc has signed an agreement to buy 46 pct of Ziping Cement Co for US$50m, the 21st Century Business Herald reported, citing sources. Ziping Cement is based in Wenchuan, the epicenter of the May 12 earthquake. Following the investment, Ziping’s annual production capacity is expected to increase to 3Mt from 1Mt previously, the report said. |
Qatari Cement Co posts annual profits worth US$69m21 July 2008, Published under Cement NewsQatari National Company for Cement Industry announced Friday annual profits totaling QAR251.2m (US$69m) compared to last year earnings of QAR169m (US$46.45m). The company said in a press release growth reached 49 percent and the returns of stock value totaled seven riyals for the first half of the year. Meanwhile, Qatari National Holding Company announced as well financial returns for the first half of the year reaching QAR31m (US$8.521m) when compared to last year’’s earning of QAR23m (US$... |
Brazil: Itambe expands cement capacity in Balsa Nova21 July 2008, Published under Cement NewsItambe, the cement manufacturer based at Balsa Nova (Parana) is investing BRL$400m over the next three years of which R$320m to expand capacity from the current 1.5Mt to 2.8Mt and BRL$80m to set up a distribution facility at Santa Catarina state and the increase of the milling capacity by 700,000tpa. Itambe had in 2007 an output of of cement, up 12% from 2006 and superintendent manager Paulo Procopiak de Aguiar says demand is heated, up 30% from Jan - June 2007 in the company stronghold are... |
Lafarge’s Bengal unit to be operational from Sept-Oct21 July 2008, Published under Cement NewsThe 1Mt greenfield plant by Lafarge at Mejia in West Bengal is likely to begin commercial production by September-October. "Lafarge has indicated that it will begin commercial production at Mejia, located on land offered by us, from September-October. They will source flyash from our thermal power plant as per an MoU signed with us," Damodar Valley Corp (DVC) Chairman AK Burman told PTI. Lafarge had acquired a 1.1Mt clinker plant at Sonadih in Madhya Pradesh and a 1.4Mt slag cement grind... |
Vietnam: cement producers seek broader markets18 July 2008, Published under Cement NewsCement producers in Vietnam are beginning to seek more export markets as a total of 38 new cement plants are expected to open in the next few years, according to Construction Minister Nguyen Hong Quan. In the first five months of the year, cement plants nationwide produced 16Mt of cement, just keeping pace with demand. However, the industry expects supply to greatly exceed demand when the new cement plants open. Anticipating an oversupply, the Vietnam Cement Association has asked the V... |
Holcim Romania 1H08 turnover up 20 per cent18 July 2008, Published under Cement NewsThe Romanian unit of Holcim said its turnover rose by 20 per cent YoY in the first half of 2008, above the 10 per cent to 15 per cent forecast announced earlier in the year. The company expects its turnover to grow at the same rate in the second half of 2008, CEO Markus Wirth said. Holcim Romania closed 2007 with a net profit of 114.5m Romanian lei (US$50.93m), down 34.5 per cent on the year, on a turnover of 990m lei (US$440.32m), up 28 per cent on the year. |
Pakistan cement exports hit record high18 July 2008, Published under Cement NewsPakistan cement exports after earning a historical level of US$435m foreign exchange during financial year 2007-08, is all set to touch US$1bn-mark by 2010, industry sources told Daily Times Thursday. During fiscal year 2007-08, country exports stood at 7.712 million tones ($435 million) and Pakistan has already established its position as an exporter of cement and clinker in the region, sources added. Sources said the industry projections suggested that the cement industry exports would re... |
Holcim’s high hopes for Oamaru, New Zealand18 July 2008, Published under Cement NewsHolcim NZ is confident it has the corporate and community support for a proposed $300-$400 million Oamaru cement plant to complete the project by 2012, despite a near doubling of the original cost. Holcim has been consulting Oamaru residents since 2006 over its plans to build the cement plant to employ 120 people. Further court hearings are due. Holcim has decided the suburb of Weston is the preferred site for a new plant. Another option is retention of the existing Westport Cement Works a... |
Cessa investing US$25m to increase production capacity18 July 2008, Published under Cement NewsEl Salvadorian cement company Cessa will invest US$25m this year in its Maya 1600 expansion project, aimed at increasing production capacity to over 225,000t, local press reported. Cessa is being advised by Holcim, which has a controlling stake in the company, in the implementation of the upgradesat its Metapán plant, in Santa Ana. In addition to the production increase - scheduled to start in 2009 - the expansion project is expected to create 600-800 direct jobs. |
Cement makers likely to slash capacity by 8% this year18 July 2008, Published under Cement NewsACC, UltraTech Cement and other Indian cement makers may cut capacity utilisation by as much as eight per cent in the financial year ending March 2008 as demand slows and new capacities are added, industry experts and analysts said. “Demand growth will not be as much as it was earlier as core sectors are registering a slowdown. In FY09, the average capacity utilisation of the domestic cement industry will slip to 87 per cent from 95 per cent during the last year,” H M Bangur, president of ... |