Cement News tagged under: international
Anhui Conch Cement to double its capacity05 June 2008, Published under Cement NewsAnhui Conch Cement Co Ltd, the biggest cement producer in Asia by output, plans to double its production capacity in the next three years to meet the great demand for the reconstruction works in the quake disaster areas, said Guo Jingbin, executive director of Anhui Conch. Guo said that Anhui Conch would invest RMB7bn (US$1bn) for capacity expansion this year, and invest RMB10bn each year in the next few years. He also predicted the sales of the company in 2008 would be over 100Mt, exceedin... |
Import of bagged cement may affect Nigerian cement investments05 June 2008, Published under Cement NewsInvestments in local cement capacity may be endangered, following reports that the government is planning to approve the importation of bagged cement. Sources among cement industry stakeholders have disclosed that the Ministry of Commerce is being pressured to seek presidential approval for some companies to import cement in 50kg bags. It is feared that this would hurt companies which have invested in facilities to locally manufacture cement. This would represent a major policy reversal, ba... |
Russia: UralKhim to produce cement05 June 2008, Published under Cement NewsUralKhim, which acquired a licence for the exploitation of a Sordino phosphate deposit in Russia, is now able to build a cement plant with an initial capacity of 1.5Mta. The company and applied to the Federal Antitrust Service for permission to buy 72 per cent of VMU, a fertiliser producer, to use its site for the construction of a cement production facility which will use secondary phosphate production products as a raw material. |
Bahrain update: cement shortage shuts ready-mix plants05 June 2008, Published under Cement NewsTwo of Bahrain’s largest ready-mix concrete plants, together producing more than 4000m3 of concrete a day, have virtually stopped production for want of cement, it emerged last night. Haji Hassan Readymix general manager Jorgen Skaarup said the plant had no more cement left and production had come to a complete halt. Eastern Asphalt general manager John Grey said production was already down to a quarter and would halt today. The crisis, which contractors say could cost the construction ind... |
Pakistan: high PSDP to boost cement sector’s earnings04 June 2008, Published under Cement NewsCement sector profitability is expected to grow by 11 per cent in fiscal year 2008-09 with record Public Sector Development Programme (PSDP) of PKR541bn for fiscal year 2008-09, up four per cent from current year’s PKR520bn, and rising exports, the JS Research report says. The research house expects cement sales to increase by 25 per cent to 30-30.5Mt. Going forward FY09, sales would increase by 10 per cent to reach 33.0-33.1Mt. The construction growth will continue to surpass targets of FY0... |
Upward revision for cement stocks04 June 2008, Published under Cement NewsShares in cement makers Lafarge Malayan Cement Bhd and Gopeng Bhd rallied yesterday following the announcement that the government is lifting the ceiling price on cement from tomorrow. Lafarge jumped 20 sen to RM4.54 while Gopeng rose 13.5 sen to RM1.01 to finish among the day’s biggest gainers. Analysts expect cement counters to be re-rated upwards on an anticipated increase in earnings following the liberalisation of cement price. Wee Kim Hong, M&A Securities head of research said the ne... |
Indian cement sales increase by 7.9 per cent in May04 June 2008, Published under Cement NewsCement sales have grown 7.9 per cent as an increased focus on infrastructure projects has pushed up demand for the building material in the world’s second-largest cement market after China. According to the Cement Manufacturers’ Association, industry sales grew to 167.67Mt, from 155.26Mt in the previous year. The growth has come from all players including large and small. Cement sales of Aditya Birla group, the largest cement player in the country, rose 0.8 per cent in May to 2.66Mt while i... |
Lafarge, Iraqi partner plan US$550m cement plant04 June 2008, Published under Cement NewsFrance’s Lafarge and Iraqi partner Asiacell plan to invest around US4550m to raise cement capacity in Northern Iraq to help meet a shortage in the region, an executive said on Tuesday. The world’s largest cement producer already has a 65 per cent stake in an existing 7500tpd plant at Bazyan in Iraq’s Kurdish region, Asiacell Chairman Faruk Mustafa Rasool told reporters on the sidelines of a conference in Dubai. "We will build a second line with capacity of 7500tpd," Rasool said, adding tha... |
Ryazan region to build cement plant04 June 2008, Published under Cement NewsThe government of the Ryazan Region, about 150 miles southeast of Moscow, the administration of the region’s Mikhailovskoye District and the Siberian Cement Holding have signed an agreement on social and economic cooperation. The agreement provides for building a plant to produce cement under a dry technology, tentatively estimated at RUR57bn (US$2.4bn, or €1.55bn). The plant will have an annual capacity of 7.8Mt of cement. |
Refratechnik’s International Colloquium opens04 June 2008, Published under Cement NewsThe 12th Refratechnik International Colloquium commenced this morning with over 670 guests registered from 76 countries. Wolfgang Tabbert managing director of Refratechnik Cement GmbH, started off proceedings in front of a packed conference hall, giving an insightful presentation entitled: ’Refratechnik in a globalising cement world’ which gave a detailed forecast of future world cement demand followed by an overview of the refractories sector, and how Refratechnik is positioned to meet futu... |