Cement News tagged under: international
CMS Cement to expand clinker plant capacity16 April 2008, Published under Cement NewsCMS Cement Sdn Bhd, Sarawak’s sole cement manufacturer, plans to expand capacity at its clinker plant in Mambong, about 30km from Kuching, to 2Mt by 2011. Executive director Othman Abdul Rani said that when completed, the capacity will fully meet the company’s demand and has scope for export in the future. "Currently, we still import about 30 to 40 per cent of the clinker we use to produce cement, thus incurring ever increasing shipping costs. "We expect to eliminate all imports of cl... |
Sinoma to invest CNY1bn in two cement production lines16 April 2008, Published under Cement NewsChina National Materials Co Ltd said its unit, Sinoma Cement Co Ltd, plans to build two cement production lines in the eastern province of Jiangxi for a total cost of CNY1bn. The mainland-based construction materials supplier said Sinoma Cement will set up a joint venture with Jiangxi Zhengda Cement Co Ltd to pursue the project. The two cement production lines will have a daily production capacity of approximately 4,500t each. Sinoma did not indicate Sinoma Cement’s stakeholding in the proje... |
Oman Cement Company (OCC) – Investment Update16 April 2008, Published under Cement NewsTotal revenue of the Oman Cement Company (OCC) was RO50.01mn for the year ended December 2007, an increase of 1% from RO49.71m in the previous year. A modest growth in revenue can be attributed to 2% decline in the sales volume of the company. However, average realisations firmed up to RO26.63/t from RO26.0/t in the previous year. The net profit of the company declined by 15% to RO17.6m in 2007 from RO20.6m in 2006. The net profit margin simultaneously declined from 41% in 2006 to 35% in 200... |
Changes in the Board of Directors of Holcim Ltd16 April 2008, Published under Cement NewsThe Board of Directors of Holcim Ltd will be proposing to the Annual General Meeting on May 7, 2008 that Christine Binswanger and Robert F. Spoerry be elected to the company’s most senior supervisory body to replace Willy R. Kissling and Gilbert J. B. Probst, who have opted not to stand for re-election. Board members Andreas von Planta and Erich Hunziker will be standing for re-election for a further three years. The company’s articles of incorporation stipulate that the terms of office of ... |
Ciments du Maroc sees higher net profit in 200816 April 2008, Published under Cement NewsMoroccan cement producer Ciments du Maroc expects its net profit to grow in 2008 as dividends from an Egyptian affiliate and lower taxes offset higher energy and raw material costs, its chairman said. Morocco’s cement market has grown at eight per cent a year since the start of the decade and Ciments du Maroc, a unit a of Italcementi , has struggled to keep output growing as fast as demand. The company has been forced to buy in clinker to assure supply, denting profitability. Margins hav... |
Steppe Cement FY Pretax profit US$53.6m Vs US$21.5m16 April 2008, Published under Cement NewsSteppe Cement Wednesday reported a pretax profit of $53.6m for the year ended Dec. 31, 2007, compared to a profit of $21.5m a year earlier. The company said it expects a decline of the construction sector market, an increase of local supply and a decrease in imports from Russia. It added 2007 witnessed an increase in sales volume of 11%, whilst average Tenge selling prices rose by 60% and consolidated profit after tax increased by 158% compared to the previous year. The company said th... |
Battle to acquire limestone mine in Kitui Rages15 April 2008, Published under Cement NewsBamburi Cement and Athi-River Mining are locked in a vicious row over a Kitui limestone deposit, which is seen as crucial to grow Kenya’s economy. A fresh tussle between local cement manufacturers - Bamburi Cement and Athi-River Mining Limited (ARM) - over interpretation of a court ruling could deny the country Sh12.6bn in new investment and block the creation of 2,500 new jobs. Lafarge, which owns a controlling stake in Bamburi early this year gave the local subsidiary a go-ahead to spe... |
Raysut Cement Company investment update, Oman15 April 2008, Published under Cement NewsRaysut Cement Company recorded total revenue of RO63.01m for the year ended December 2007, witnessed an increase of 31% from RO47.97m in the previous year. The net profit of the company increased by 46% to reach RO30.12m in 2007 from RO20.65m reported in the previous year. The company is expected to continue witnessing growth in both revenues and profits, driven by the healthy market demand for cement and helped along by its scaled up clinker/cement grinding capacity, thanks to the commissio... |
Eurocement Group to invest US$639m in development15 April 2008, Published under Cement NewsThe Eurocement Group has signed an investment agreement on cooperation with the government of the Chelyabinsk Region (in the Urals) and the administration of the Katav-Ivanovsk municipal district. It envisages the investment of at least RUR15bn (US$639m) in the development of Katavsky Cement by 2012. In December 2012, the town’s primary plant intends to put into operation a new technological line with an annual output of 2.2-3.5Mt of cement. The plant’s current capacity is 1.55Mt. |
Truong Thinh cement plant added to Vietnam Development Plan15 April 2008, Published under Cement NewsVietnamese Prime Minister Nguyen Tan Dung has approved the Ministry of Construction’s proposal on adding Truong Thinh cement plant to the Vietnam cement industry development plan by 2010, a vision to 2020. The cement plant, to be located in central Quang Binh province, will have production line 1 capacity of 5,000 tons of clinker a day. The project, estimated to cost a total of VND3 trillion ($187.5m), will include two mills, one in Tuyen Hoa district and the other in Bo Trach district. ... |