Cement News tagged under: international
Holcim Lanka makes bid to invest in Jaffna cement plant10 June 2008, Published under Cement NewsHolcim Lanka said it has made an investment proposal to Lanka Cement to revive production at its defunct plant in the northern Jaffna peninsula or build a new one. Holcim Lanka chairman Manilal Fernando said his firm is prepared to invest in a profit sharing joint venture if the government does not want to sell the plant in Kankesanturai, in Jaffna. He said the government must give a chance to all parties interested in the plant, sitting on a rich limestone deposit, which is also eyed by... |
Italcementi invests in Syria10 June 2008, Published under Cement NewsThe Italcementi subsidiary Ciments Français is taking a 12.5% stake in Al Badia Cement, a new cement company being established to build a 3.2Mta cement works in Syria. Al Badia Cement is a subsidiary of the Muhaidib Group of Saudi Arabia, with which Ciments Français already has joint ready-mixed concrete interests in the Middle East, notably with Arabian Cement Company. It is intended that 15% of the capital of Al Badia Cement will be offered to local investors on the Damascus stock mark... |
India: Vicat, Heidelberg and Lafarge circle Sagar Cements09 June 2008, Published under Cement NewsJust as Sagar Cements is poised to take the leap into the big league, the mini cement maker from Andhra Pradesh is drawing interest from France-based giants Vicat and Lafarge SA, and Germany’s HeidelbergCement AG. The three majors are circling for a strategic stake. Sagar has a capacity to manufacture 600,000t of cement currently, but by early July commercial production will start from a new 2Mt capacity plant. Being a brownfield expansion, it cost much less, said a senior official from the... |
Railways targets 100 per cent jump in cement transportation by 2011-1209 June 2008, Published under Cement NewsWith the reduction of freight charges, the Indian Railways has set aside an ambitious target of doubling the transportation of cement to 200Mt by 2011-12 from the current 100Mt. "Railways receive more than 100Mt traffic every year from the cement industry and we are targeting a loading of 200Mt from the cement industry in 2011-12," the Railway Minister Mr Lalu Prasad said on Tuesday while presenting the Railway Budget 2008-09 in Parliament. Production of cement is expected to increase from ... |
India: Impact of hike in diesel price on cement sector09 June 2008, Published under Cement NewsAccording to Karvy Stock Broking report on cement sector: "The hike in diesel price by INR3/l has put an incremental cost burden of INR4140m for the cement industry. We believe cement industry would not be able to pass on the incremental cost to end users due to government’s pressure to curb the rising inflation. Hence the higher freight cost will lead to decline in EBIDTA margin by around 60-70bps and EBIDTA/t by INR32/t for the cement producers. "Average lead distance in India is around 4... |
Vietnam: no more cement projects for now09 June 2008, Published under Cement NewsThe Ministry of Construction (MOC) has officially asked the authorities of 14 cities and localities to halt registering more cement projects in the period from now to 2015 in order to take full advantage of the operational plants and avoid redundancy. The ministry has made the request as experts warned that cement capacity may exceed demand if more cement plants are put into operation in the time to come. According to Nguyen Tran Nam, Deputy Minister of Construction, the strategy on the cem... |
JK Lakshmi sees future in ready-mix concrete09 June 2008, Published under Cement NewsJK Lakshmi Cement, part of JK Group, is adding five more ready-mix concrete (RMC) units as part of its expansion plans. At present, it has 10 RMCs, and the addition of another five will be completed by the end of current fiscal with an investment of INR100 crore. The RMC units will come up around Delhi and the NCR region, including Noida and Greater Noida. Its ongoing capex is expected to be completed by the end of December, which will take its clinker and grinding capacities to 4.75Mta and... |
France’s Lafarge to build cement plant in Rostov region09 June 2008, Published under Cement NewsLafarge SA plans to build a cement plant in Russia’s Rostov Region, the press office of the regional economic development ministry said Friday. The relevant protocol was signed between the region’s governor Vladimir Chub and the company’s management during the St. Petersburg International Economic Forum. The size of investments in the project was not provided. The plant is expected to be located in the region’s Matveyevo-Kurgansky district. It will annually produce 2Mt of cement at the firs... |
Lafarge signs deal to double its Nigerian capacity06 June 2008, Published under Cement NewsLafarge signed an agreement with Chinese supplier CBMI Ltd to expand its Nigerian plant and double output to 4Mta, Lafarge’s Nigerian unit said on Thursday. Lafarge said the deal signed in Paris on Monday was a demonstration of its faith in the Nigerian economy and a response to ballooning local demand for cement. Nigeria’s Lafarge Cement WAPCO did not state the value of the contract or say when it would be completed by CBMI, which is part of China’s Sinoma International Group. "This invest... |
Russia: LSR Group lays foundation stone for construction of new cement plant06 June 2008, Published under Cement NewsOn May 27 a gala ceremony took place in Slantsy, Leningrad region to lay the foundation stone for the construction of a new LSR Group cement plant. The new project will help to provide a full-fledged solution to the shortage of cement in Northwest Russia. Phase 1 of the Slantsy project with a capacity of 1.85Mta of cement is to be completed in 2010. By 2010, the company is to invest approximately US$600m. Subsequently, it is proposed to increase the capacity up to 3.7Mt thanks to a second p... |