Cement News tagged under: international
India’s cement prices seen stabilising25 April 2008, Published under Cement NewsIndia’s cement prices are expected to stabilise, the junior industry minister told local press on the sidelines of a conference on Friday. "Post-ban on cement exports, the prices are bound to stabilise because that much more cement will become available in the country. The mismatch between demand-supply will be addressed to that extent, " Ashwani Kumar, junior industry minister said. |
Shortage of cement on Guam hinders construction projects24 April 2008, Published under Cement NewsA shortage of cement on Guam is hindering the completion of a number of local construction projects, according to local press reports. Derek Sadler, of Hanson Permanent Cement, the sole provider of cement to Guam, says shipping problems are to be blamed for the shortage. Another factor is that the water depth needed for the cement vessel to anchor in port needs to be 10m to fully accommodate the ship and the load of bulk cement it carries. Mr Sadler says the water depth of the port is abou... |
CBMI to build Vassiliko clinker plant24 April 2008, Published under Cement NewsVassiliko Cement Works Pcl has signed a letter of intent with CBMI Constructions Co Ltd of China for the construction of a new modern clinker production unit of 2Mta capacity. The new clinker production line has an estimated cost of EUR83.8m and is expected to be completed by end of 2010. The total cost of investment, which in addition to the above includes the investment for the new cement mill is expected to reach EUR135m and will be financed by VCW’s own funds and partly by debt. The... |
Holcim selects PrimePort as preferred port location, New Zealand24 April 2008, Published under Cement NewsHolcim has been in talks with PrimePort and named Timaru as the preferred port to distribute 500,000t of cement from but production is not expected until 2012. PrimePort was dealt a lethal blow last month when three of its major customers, Maersk Line, Hamburg Sud and Tasman Orient announced they would be cutting container numbers through Timaru by more than half. Capital projects manager Ken Cowie says the shipments would be to national destinations, with Timaru favoured over Port Chalme... |
Cameroon cement shortage: an end insight24 April 2008, Published under Cement NewsThe scarcity of cement currently being faced in Cameroon will soon be a thing of the past. The statement was made by one of the five cement importers in the country during interview by the CRTV. Mr. Awanga Zachariah said some 12,500t of imported cement shall anchor at the Douala seaport in a few days, about a week later than the date earlier announced. He said the first consignment will be followed by a periodic arrival of two ship loads of 12,500t (maximum capacity) per week. Mr Awanga c... |
Peru’s Cementos Lima 1Q Net PEN52.6m Vs PEN41.1m24 April 2008, Published under Cement NewsStronger revenue helped Cementos Lima SA post first-quarter net income of PEN52.6m (US$18.9m) compared with PEN41.1m in the same quarter in the previous year. The company said Wednesday that total revenue rose to PEN204.5m in the first quarter compared with PEN189.6m in the same period a year earlier. Cementos Lima is the largest cement producer in Peru. |
Iraq Investment Summit sees signing of key cement contracts24 April 2008, Published under Cement NewsThis week’s ’Investing in Iraq’s Industry’ Summit concluded in Dubai with a prestigious signing ceremony featuring Minister of Industry & Minerals Fawzi Hariri, who presided over the formal completion of joint venture contracts within the Iraqi cement sector. The summit, which took place in Dubai on 19-20 April, was organised by the Iraq Development Program under the Iraqi Ministry of Industry & Minerals with the express purpose of generating private sector investment to develop Iraq’s var... |
Energy needs of cement industry may double in two years, India23 April 2008, Published under Cement NewsAccording to Mr M Vasudeva director general of National Council for Cement & Building Materials, the energy requirement of cement industry is likely to go up by over 50% in the next 2 years and there is a need to adopt more efficient and eco friendly fuels. Mr Vasudeva, while addressing at the inaugural session of ”Green Cementech 2008” recently, said that the total capacity of the cement industry is poised to reach 350 million tonnes by the end of the 11th Plan from 185Mt at present. He s... |
Anhui Conch sees capacity doubling within five years23 April 2008, Published under Cement NewsAnhui Conch Cement Co Ltd, a mainland cement producer, expects to double its production capacity from 86.5Mt in 2007 to 173Mt in three to five years, the company’s executive director Guo Jing-bin said. Guo told a press briefing today that the company plans to invest CNY46bn in capital expenditure during the next three years to achieve the capacity target. However, its CAPEX plan for the period will be subject to its capability in raising up to CNY12bn via the issue of an additional 200m A-sh... |
Lafarge inaugurates new US$30m cement plant in region X23 April 2008, Published under Cement NewsLafarge Chile has inaugurated a new cement plant in southern city Puerto Montt, in region X, local press reported. The plant required a US$30m investment and will have the capacity to produce an annual 300,000t, increasing the company’s production capacity to 1.9Mta. The plant is the southern most facility of its kind in Chile and will supply the company’s increasing demand in the area, mainly in regions IX to XII. The initiative is part of Lafarge Chile’s growth strategy, which seeks ... |