Cement News tagged under: international
Ethiopia: Mome, Derba Midroc Ink mining agreement28 May 2008, Published under Cement NewsMinistry of Mines and Energy (MoME) yesterday signed an agreement with Derba Midroc Cement PLC allowing the latter to mine limestone, marl, gypsum and sandstone in the North Shewa Zone at Mugher locality, Oromia regional state. Alemayehu Tegenu, Minister of Mines and Energy and Sheikh Mohammed Hussein Ali Amoudi, Owner and Chairman of MIDROC investment group signed the agreement at the Sheraton on Monday. The company has allocated a capital of 57,212,000 Birr for mining limestone, marl, ... |
Oman Cement, Raysut allowed to raise prices, import28 May 2008, Published under Cement NewsOman Cement and Raysut Cement will from be allowed to import cement and raise prices amid a shortage and construction boom, the Chamber of Commerce said on Wednesday. The two companies – the government controls Oman Cement and has a stake in Salalah-based Raysut – will be able to raise their prices to OMR1.8 (US$4.68) from OMR1.6 per 50kg bag, Khalil al-Khonji, Chairman of the Oman Chamber of Commerce & Industry told Reuters. The price-rise is "to meet the inflation level," Khonji said... |
Vietnam to produce more cement28 May 2008, Published under Cement NewsVietnam will produce at least 50Mt of cement in 2010 to meet the domestic demand, according to local newspaper Vietnam Economic Times on Wednesday. Cement producers in Vietnam churned out roughly 15.9Mt of the product between January and May, the newspaper quoted statistics from the country’s Construction Ministry. Vietnam consumed nearly 16.1Mt of cement in the five-month period. The country is estimated to consume 40-41Mt of cement in 2008, up around 14 per cent against 2007. Ten new c... |
Indian government eases ban on cement exports28 May 2008, Published under Cement NewsThe government of India has eased the ban on cement exports from the ports in Gujarat. Gujarat accounts for almost 90 per cent of the country’s cement exports. The Director-General of Foreign Trade has also issued a notification to give effect to the Government decision. “The existing ban on export of cement and cement clinkers shall not be applicable to export of cement from ports of Gujarat,” the DGFT notification said. The major cement manufacturers in the State include Gujarat Ambuja,... |
Indian cement companies plan ready-mix concrete foray27 May 2008, Published under Cement NewsBarely a fortnight after the French cement major Lafarge acquired L&T Concrete, the ready-mix concrete (RMC) business of Larsen & Toubro (L&T), several domestic cement players have shown interest for foraying into RMC , which they see as a growth opportunity. Binani Cement, Shree Cement and Dalmia Cement are among the new players who have plans to get into RMC business in one to five years. “We are studying the viability aspect and hope to get into it in the next 18 months. It has a good... |
Jaypee group to up production capacity27 May 2008, Published under Cement NewsMaking efforts to bag major share in the cement industry, Jaypee Group has firmed up plans to enhance its cement capacity from the present 7Mta to 25Mta by 2010. The company is already undertaking projects in Madhya Pradesh, Uttar Pradesh, Gujarat and Himachal Pradesh. The group’s 3Mta capacity cement plant in village Bagha and Bagheri of Solan district (Himachal Pradesh), is all set for additional capacity of 1.5-2Mta with further investment of Rs 1,000 crore. Based on the Baga Bhalag mines... |
Vietnam: Measures taken to avoid cement shortages nationwide27 May 2008, Published under Cement NewsVietnam Deputy Prime Minister Hoang Trung Hai has asked cement producers and businesses to ensure that sufficient supply of cement are available to help stabilise the domestic cement market. Accordingly, the Ministry of Construction has asked investors to speed up the construction of cement plants in order to put them into operation at an earlier date and increase the supply of cement to the market. The Ministry of Transport needs to instruct the Shipping Corporation to use every means a... |
Holcim Celebrates 50th with conservation project27 May 2008, Published under Cement NewsHolcim (New Zealand) Ltd has announced that it will create a wetland and bird sanctuary on eight hectares of land at Cape Foulwind to help recognise 50 years of operations at its Westport Cement Works. Managing Director Jeremy Smith announced the wetland project at a 50th celebration function held on Saturday evening The wetland will be created on Holcim land at the end of Lighthouse Road, Omau, adjacent to the northern carpark of the Cape Foulwind walkway, on a site used for quarrying u... |
Holcim Lanka discussion on raising prices27 May 2008, Published under Cement NewsHolcim Lanka Limited announced yesterday the company is hoping to meet the minister for Consumer affairs to discus increasing the price of cement by Rs.70 to Rs.790 per 50kg bag. Holcim said that the increased transport cost and the production cost due to recent increase in the fuel has compelled the company to request for price revision. |
Saudi Yanbu Cement to invest US$453m in fifth production line27 May 2008, Published under Cement NewsSaudi cement producer Yanbu Cement Company (YCC) has signed a memorandum of understanding with Chinese engineering company Sinoma for the construction of a fifth production line at YCC’s cement plant in Yanbu, western Saudi Arabia, with a total cost of SAR1.7bn (US$453m), local press reported on May 25, 2008. YCC will use own funds and bank loans to finance the project. |