Cement News tagged under: international
Egyptian companies in talks on cement plant in Sudan30 June 2008, Published under Cement NewsTwo Egyptian companies have said they are in talks with the Sudanese armed forces on the feasibility of building a cement factory in Sudan. In a statement released on Sunday, Egyptians for Housing, Development and Reconstruction EHDR.CA said it has agreed to take part in the project as 25 per cent shareholder in a company to be named Egyptians Abroad for Cement. The Egyptian state news agency MENA said the new cement company would have paid-in capital of US$150m and the investment would co... |
Thailand price rise to counter-balance cost hike30 June 2008, Published under Cement NewsDuring January-April 2008, domestic cement sales volumes in Thailand dropped to 9.2Mt, down 5.0% YoY, due to the unappealing investment sentiment of the private and commercial sectors, coupled with the lack of new government investment projects, according to analysts at KGI Securities . Local cement sales volume growth is expected to remain tepid in the near-term, as the recent drop in the Business Sentiment Index (BSI) of 4.3 points MoM in April, the current political stalemate, and in... |
Holcim scoops up ACC shares to cement control27 June 2008, Published under Cement NewsAccording to local press reports, Holcim is increasing its stake in Indian cement producer ACC through open market purchases in an attempt to get majority ownership of the company. Sources said that Holcim is increasing its stake by another 3% to 46% taking advantage of the fall in the stock market. Moreover, Holcim is eyeing a controlling stake up to 51% in ACC without tendering an open offer and wants to achieve it in the next five quarters itself. According to Sebi rules, promoters c... |
Cement firm Bolu Cimento to establish plant in Zonguldak27 June 2008, Published under Cement NewsBolu Cimento is to establish a cement grinding facility in the industrial zone in the city of Zonguldak in the Black Sea region. Bolu Cimento previously planned to establish the facility at the steel concern Eregli Demir Celik Fabrikalari’s premises with an investment of EUR 22.9mn but has now decided to change the location. In the statement issued to the Istanbul Stock Exchange, Bolu Cimento elaborates that it obtained 45,576 square meters of land in the organised industrial zone for the gr... |
Iran to build cement plant in southern Krygyzstan27 June 2008, Published under Cement NewsIran has announced plans to build a cement factory in Tash-Kumyr, in the south of Kyrgyzstan. This will be the third building materials factory in that region. Kyrgyzstan’s Ambassador to Iran, Medetkan Sherimkulov, presented the project. He said that the construction of a new industrial enterprise in the south of the country will help solve a number of social and economic problems of this densely populated region. Iranian investors promise to create 4,000 jobs in the region, thus reducing t... |
Semen Gresik 1H Net Likely +40% On Yr27 June 2008, Published under Cement NewsPT Semen Gresik’s first-half net profit will likely grow 40% on year to IDR980 billion on higher sales, Chief Executive Dwi Soetjipto said Friday. Soetjipto said that Gresik’s market share in the domestic market is likely steady around 45%. He added that although last month’s hikes in petroleum product prices will affect cement demand this year, he’s still optimistic that cement sales in Indonesia will grow in a "double digits" range this year from 44.14Mt last year. He didn’t elaborate. ... |
India: rising coal import bill to make cement dearer27 June 2008, Published under Cement NewsThe continuous rise in international coal prices and an anticipated increased supply may cause further increase in cement prices in near future, industry sources said. Increase in world coal prices is resulting in stunning increase in the cost of doing business, ultimately putting the end-user in a troublesome situation, they said. At present, 90 percent of industry demand for coal is met through import, and the rest 10 percent is met through local resources. The cement industry imports mo... |
Dubai-based group to set up cement plant26 June 2008, Published under Cement NewsA Dubai-based business group will set up a cement manufacturing plant named Galadari Cement (Gulf) Limited, near Karachi, its CEO Badaruddin Fakhari as reported by Daily Times on Wednesday. He said that the project was planned seven to eight years ago but work on it was halted due to some reasons. Now the project has been started again and the construction of plant would start by next month and would complete by the end of November 2009, he added. The CEO said that the business group would... |
Anhui Conch Cement eyes western China investments26 June 2008, Published under Cement NewsAnhui Conch Cement Company Limited will focus on investments in western China in the next five years. The provinces and cities of Sichuan, Chongqing and Guizhou will be the main investment hot spots. To stay apace with the redevelopment in Sichuan Province, the cement maker will also invest CNY4 to 5bn in building one cement plant in Guangyuan City and two cement plants in Dazhou City. In 2008, Anhui Conch Cement will develop eight clinker lines with a daily output of 5000t each, one clin... |
Uzbekistan to build six more cement plants25 June 2008, Published under Cement NewsUzbekistan is planning to build six more cement plants with total value of US$1.415bn in 2008-2012, Uzstroimaterials analysis and development manager Akbar Mukhitdinov announced at a business forum on Monday in Tashkent. The financing of the cement production projects with the total capacity of 9.5Mta of products will be raised through direct foreign investment, loan reserves without government securities and Uzbek companies own funds. Uzbekistan is one of the leaders in cement productio... |