Cement News tagged under: international
Bahrain supply problems persist25 June 2008, Published under Cement NewsBahrain’s construction industry is still experiencing supplies that are too limited to meet demand. Contractors and ready-mix concrete companies have welcomed government moves to import cement and other construction materials from around the world. But they say supply must be "consistent and assured" for the long-term. At least one ready-mix company has ordered its own shipment from Pakistan, which is expected to arrive in a few weeks. Contractors and ready-mix companies say cement of a ... |
Trinidad Cement planning to maintain prices until year-end25 June 2008, Published under Cement NewsTrinidad & Tobago-based cement manufacturer Trinidad Cement Limited (TCL) will not increase its prices in the short-term, the firm’s general manager Satnarine Bachew was quoted as saying by paper The Trinidad Guardian. The executive said that despite the high cost of raw materials and soaring fuels prices, the company was trying to maintain the current price of its products. "With oil prices at US$140 per barrel, we are struggling to keep the price of cement at its present value," he sai... |
Escom sets up JV in Angola to build EUR130m cement plant25 June 2008, Published under Cement NewsGrupo Espirito Santo’s Angolan holding company Escom has set up a joint venture with Brazilian company Camargo Correa to build a EUR130m cement plant in partnership with local Grupo Gema. The JV owns 60 per cent of Palanca Cimentos, while Gema owns the remaining 40 per cent. The plant, to be located in the Benguela region, is expected to be built in the next three years and supply about 25 per cent of the cement to the Angolan market. The plant will produce 600,000t of cement in the fi... |
Lao cement plant to increase production capacity25 June 2008, Published under Cement NewsThe 1st Lao Cement Plant is to increase production capacity amid the surge in high demand of domestic market. Last week, the 1st Lao Cement Plant signed a joint venture investment for Vangvieng Cement Plant extending construction project with a Chinese company to increase the quantity of production. The signing ceremony took place at Lane Xang hotel, Vientiane Capital, 20 June, witnessed by Mr Bounpeng Boualaphanh, Director General of State Enterprise for Agriculture-Industry Development... |
Nigeria’s Dangote signs US$1.8bn new cement deals25 June 2008, Published under Cement NewsNigerian industrial conglomerate, Dangote Group concluded a US$1.85bn financing deal on Tuesday to build four new cement plants in West Africa. The agreement with a consortium of local banks is the latest move by Nigerian tycoon Aliko Dangote to expand his interests across the continent. Dangote already controls about two-thirds of Nigeria’s lucrative domestic cement market. Under the deal, China’s Sinoma International will install a new production line at the Obajana plant in central Kogi... |
Ontrack to make decision, New Zealand24 June 2008, Published under Cement NewsONTRACK will now make the final decision on whether its branch railway line from Waiareka through Weston will reopen. A Waitaki District Council independent commissioner Allan Cubitt has recommended Ontrack redesignate the railway line, a vital part of Holcim (New Zealand) Ltd’s plans to build a $300m cement plant at Weston. The line would be used by Holcim during construction of the plant and then to transport cement in bulk to Timaru for shipping. The track was closed in 1997 and the... |
Russian co starts building cement plant in Ulyanovsk Region24 June 2008, Published under Cement NewsRussian company Ulyanovskshifer has started building a cement plant at a cost of RUB13bn in the Ulyanovsk Region, the regional government said Monday. The plant is expected to be launched in 2010. It will produce 1.2Mta of cement. |
Holcim Romania 2007 net profit down 34.5 per cent YoY24 June 2008, Published under Cement NewsThe Romanian unit of Holcim said its net profit fell by 34.5 per cent YoY to RON114.5m (US$48.3m) in 2007, due to increased operating expenditure and depreciation of the domestic currency against the euro. The company’s turnover dropped by 28 per cent on the year to RON990m (US$417.69m) last year. Its total revenue, however, rose by 18 per cent on the year to RON1.03bn (US$434.56m) in 2007, while its total expenditure increased by 34 per cent on the year to RON895.7m (US$377.9m). Holc... |
Philippine demand for cement down in first five months24 June 2008, Published under Cement NewsPhilippines demand decreased slightly during the first five months of this year, resulting in an oversupply of cement in the local market. “The latest data showed that the demand for cement went down 0.3 per cent when compared to the same period the previous year,” Cement Manufacturers Association of the Philippines (CEMAP) president Ernesto Ordoñez said. Due to the slight drop in demand, Ordoñez said the result is an oversupply of cement. “Although there is strong supply and a smaller... |
Binani Cement set to buy African firm24 June 2008, Published under Cement NewsBinani Cement is close to acquiring an African cement company for around US$100m. The company will be raising US$125m to fund the acquisition which is likely to be sealed by the end of current calendar year, according to sources. It was learnt that the board cleared the acquisition plan in Kolkata on Monday. Binani has already acquired a 70% stake in Chinese cement manufacturer Shandong Binani Rongan Cement, which is licensed to produce 2.2Mt of cement. When contacted, Binani Group d... |