Cement News tagged under: international
Gulf Cement plans to start operations by March 200917 July 2008, Published under Cement NewsGulf Holding Company (GHC) is implementing the third and final phase of its subsidiary Gulf Cement factory which will have a capacity of 5000tpd, company officials announced yesterday at a Press Conference held at the Millennium Hotel here. “The upcoming Gulf Cement Company is expected to begin operation of its cement mills by the end of the first quarter of 2009 for grinding imported clinker,” said Dr Omar Ibrahim Yagi, GHC General Manager. “The company has plans to increase production in ... |
Rwanda cement factory plans expansion to meet demand17 July 2008, Published under Cement NewsRwanda’s only cement factory plans to build a new production line expected to increase output by 500 percent, a company official said on Wednesday. The tiny central African country is experiencing a construction boom, but with only one cement factory, it has to rely heavily on imports from neighbouring Kenya and Uganda. The Rwanda Cement Factory (CIMERWA) currently produces 100,000 tons of cement a year -- only 50 percent of demand in the small east African nation of 9 million people who... |
Cement factory to be opened at Karibib, Namibia17 July 2008, Published under Cement NewsKaribib Portland Cement (KPC) is set to invest N$1.8bn in a cement plant and a mine 12km northeast of Karibib. The investment includes the establishment of a mine, the building of a cement factory and essential infrastructure such as access roads and rail links. KPC Managing Director Jorge Gamito told Nampa that the construction of the factory would start within a month and a half and take 13 months to complete. |
Colombia’s Argos transfers US$91m to its US unit to repay debt17 July 2008, Published under Cement NewsColombia’s largest cement maker, Cementos Argos SA, will transfer US$91m to its US unit so it can pay outstanding debt, Argos said in a filing with the securities regulator. The company didn’t say how it will finance the capitalization of its subsidiary. In 2005, Cementos Argos bought two cement companies with operations in Georgia, North Carolina and Texas for almost US$700m. Chief Executive Alberto Velez said earlier this year that the company plans to invest in order to expand the cap... |
Huaxin Cement to launch 1.2Mta cement project in Sichuan17 July 2008, Published under Cement NewsHuaxin Cement Co is to construct a cement project with annual output of 1. 2Mt in Wanyuan city, China’s southwest Sichuan Province. Investment in the project will hit CNY700m. The project involves two new dry-process cement clinker production lines, with scheduled capacity of 2500tpd and 4.5MW pure low temperature waste heat power generation facilities. Construction on the project will start within a month and be completed one year after earthwork is done. Huaxin, a leader of China’s cemen... |
India: ACC may invest in ready mix concrete businesses16 July 2008, Published under Cement NewsAssociated Cement Companies (ACC) plans to double its number of readymix concrete units to 46 this year. The ACC spokesperson confirmed the development, but declined to divulge the investment on this initiative. Sources said the company would need to invest Rs 150 crore to achieve this target. ACC’s managing director, Sumit Banerjee said recently, "RMC is the future business as margins are higher compared to retail. Bulk users in the real estate business increasingly use RMC to save on tim... |
Birla exects to inspect defunct cement plant in Sri Lanka16 July 2008, Published under Cement NewsA team of officials from India’s Aditya Birla group is to visit Sri Lanka Wednesday with the aim of inspecting the site of a defunct northern cement plant the Indian group wants to invest in. "They are coming tomorrow and their visit to the site has got security clearance," Minister of Construction and Engineering Services Rajitha Senaratne told LBO. Birla has already given the government a proposal on reviving the cement plant in Kankesanturai in the Jaffna peninsula owned by the listed... |
Cement prices in Pakistan hit record high16 July 2008, Published under Cement NewsCement prices of various cement brands in Pakistan have hit a record peak of PKR355 to PKR395 in Pakistan after the budget as the same was available at PKR290 to PKR310 before. In May the price had been hovering around PKR240 to PKR270 per 50kg bag. AS per report “Falcon cement at the retail side was available at PKR 370 to PKR 380 as compared to PKR 350 last week. In April it was sold at PKR 290. The Lucky cement price is tagged at PKR 355 to PKR 360 as compared to PKR 330. In April Lucky ... |
TPI Polene expects to beat 2008 forecasts16 July 2008, Published under Cement NewsTPI Polene, Thailand’s third largest cement firm, said on Tuesday it expected higher second-quarter and full-year net profit. Vice President Prasit Chansitthichok did not give a specific forecast, but he expected to beat last year’s 2.33 billion baht ($70 million) net profit. He said second-quarter earnings should top the 878 million baht reported in the same quarter a year ago. "We’re confident our earnings this year will be higher than last year," Vice President Prasit Chansitthichok... |
US house starts not expected to rebound until 201015 July 2008, Published under Cement NewsHousing starts in 2008 are expected to be 36 percent lower than 2007 levels, creating three straight years of declines. According to a recent Portland Cement Association (PCA) Economic Research report, the mix of weak economic conditions, tight credit conditions, and tepid sales are causing huge housing inventory overhangs that must be cleaned up before housing construction can begin its recovery. "Despite large home price declines and improved affordability, sales remain sluggish and offer... |