Cement News tagged under: international
West China Cement says in final stage of negotiating a US$60m credit facility30 May 2008, Published under Cement NewsChina-based cement producer West China Cement Ltd. said it is in the final stage of negotiating a US$60m credit facility with an international bank. The company said pursuant to the terms of the facility, it will enter into an instrument constituting warrants to purchase shares in the company. West China Cement said it will also issue warrants to the lender of the facility to subscribe for shares in the company pursuant to the terms of the warrant instrument. The company intends to use... |
Sibirsky Cement to build plant in Ryazan Region30 May 2008, Published under Cement NewsRussian holding Sibirsky Cement expects to build a RUB57bn cement plant in the Ryazan Region by 2014, the company’s press office said Thursday. The company signed the relevant agreement with the government of the Ryazan Region and the administration of the region’s Mikhailovsky district, where the plant is expected to be located. The plant is expected to be launched in three phases, with the first production line to be launched in January-June 2011, the second line slated to be launched... |
Plans for new Zambia plant announced30 May 2008, Published under Cement NewsMumbwa Cement Limited intends to set up a cement manufacturing plant at Natani in Nangoma, Zambia at a cost of US$4m. According to an environmental impact assessment (EIA) report submitted to the Environmental Council of Zambia (ECZ) for review, Mumbwa Cement would create over 200 jobs once operational. The plant would be constructed on 250ha of land at the Natani Nangoma limestone deposit site in Mulyango village of senior Chief Shakumbila. |
Oman: Price of cement increased30 May 2008, Published under Cement NewsRaysut Cement Company, Oman’s second largest producer of building materials, on Wednesday announced the increase of cement prices. Raysut Cement Company, Oman’s second largest producer of building materials, on Wednesday announced the increase of cement prices. "We would like to inform you that it has been decided to increase the cement selling price by RO.4.000 per ton, the new selling price will be RO 1.500 per bag equivalent to RO 30.00 per ton of cement , effective first of June 2008... |
China may add cement, steel price controls29 May 2008, Published under Cement NewsChina may cap steel and cement prices to curb inflation as the nation rebuilds after the May 12 earthquake, Citigroup Inc. said. The government may act as consumer prices are set to rise 7.4 percent this year, Lan Xue, the bank’s China research head, forecast in a report today. Steelmakers including Baoshan Iron & Steel Co. have raised prices 36 percent in 12 months, while cement from producers led by Anhui Conch Cement Co. rose 10 percent last year. Inflation will accelerate because of in... |
Vietnam: Ministry waives duty on clinker29 May 2008, Published under Cement NewsThe Ministry of Finance (MoF) decided to waive import duty on clinker from 10 per cent to zero in the wake of a proposal from the Ministry of Construction (MoC). According to the Decision 29/2008/QD-BTC, the import duty exemption on clinker took effect on Monday. The finance ministry said the exemption was made to deal with soaring cement prices and a shortage of cement in southern regions. Previously, the MoC had proposed a clinker import tax reduction, explaining that a cut was neces... |
Iraqi ministry sets aside US$160m for cement company29 May 2008, Published under Cement NewsA report released by the Iraqi Ministry of Industry and Minerals showed that the ministry will set aside a total of US$160m from a Japanese loan to rehabilitate the General Company for Southern Cement, Iraq Directory reported. The report further disclosed that the ministry has assimilated a comprehensive business plan for the project and met with the Japanese officials to determine the measures required to bring in all equipment and machinery. In addition, the General Company for Souther... |
France’s Vicat to build cement plant in Kazakhstan29 May 2008, Published under Cement NewsVicat and Kazakh group Kazkommerts Invest will build a cement plant in the Central Asian state at an estimated cost of US$230m, Kazkommerts Invest said on Thursday. Vicat has a 60 per cent stake in the project, while Kazkommerts Invest (KKI) owns the rest. "The shareholders have invested $60m, and the remaining US$170m will come from a syndicated loan," KKI Chief Financial Officer Murat Temirkhanov said. He said the companies were in talks with the International Finance Corporation, th... |
Cimpor suffers sharp drop in Spanish profits29 May 2008, Published under Cement NewsCimpor said first-quarter net profit to March decreased 14 per cent to EUR57.6m compared with the first quarter of 2007. In a statement, the cement maker said EBITDA came in at EUR134.3m, down 4.7 per cent YoY, at the bottom end of estimates for YoY133-141.6 million euros. Cimpor said that EBITDA was hit by the continued fuel price increases and a decrease in cement consumption in its core markets of Portugal and Spain – which jointly account for about 50 per cent of the group’s EBITDA. H... |
Construction begins on Hebei Jingxing Dingxing plant28 May 2008, Published under Cement NewsConstruction on the Hebei Jingxing Dingxing cement and clinker plant that is funded by Hebei Dingxing Cement Co, Ltd. started on May 22nd. The plant will cover more than 18.7ha and will involve RMB560m in investment. Upon start of operations, the plant will be able to absorb and utilize annually more than 300,000t of coal ash produced by the Huaneng Shang’ an Power Plant. Furthermore, the operation of the Hebei Jingxing Dingxing plant will assist Jixing County in closing down five small-size... |