Cement News tagged under: international
Cement prices may soften to Rs22007 April 2008, Published under Cement NewsCement prices would soon retract to original range of Rs200 to Rs220 per 50 kg bag in local markets, said Karachi Cement Dealers Action Committee (KCDAC) President Walibhai Patel. He appealed to the retailers and wholesalers to buy cement carefully, purchasing only according to their needs. The new government has been informed about the malpractices of cement companies, Patel said. The government has assured that no one would be allowed to manipulate the market. Action would be taken again... |
Taiwan Cement raises prices in China due to higher material costs07 April 2008, Published under Cement NewsTaiwan Cement Corp recently raised its prices in China to reflect higher material costs, including a 20 per cent hike in Jiangsu province to CNY300/t, the Economic Daily News reported, citing vice president Huang Chien-chiang. The company also increased cement prices to 400 yuan from 390 per metric ton in Fujian province, he said. |
Binani Cement commissions new grinding unit in Rajasthan07 April 2008, Published under Cement NewsBinani Cement Ltd has said it has commissioned the additional new grinding unit of the expansion project for production of cement at Neem Ka Thana in Sikar district, Rajasthan. ’’With the commissioning of the new grinding unit the total capacity for cement production now stands at 6Mta,’’ a company statement said. |
Aditya Birla March cement sales up 2.8%07 April 2008, Published under Cement NewsAditya Birla Group cement sales in March rose 2.8 per cent to 3.03Mt from a year earlier. Production was up 4.9 per cent at 3.03Mt in March, the company said in a statement on Thursday. Sales in the financial year 2008 jumped 4.5 per cent to 30.55Mt from 29.2Mt a year earlier, while the production increased 4.8 per cent to 30.6Mt from 29.24Mt logged in the corresponding period last year. The group commenced production at its new 1.30Mta grinding unit at Dadri in Uttar Pradesh.... |
Vietnamese investor interested in cement plant07 April 2008, Published under Cement NewsVietnamese Lilama Company will apply for an investment in the hydropower development and building a cement factory with the capacity for production of 1Mta in the Lao PDR. This statement was said by Mr. Phan Houng, President of Lilama Company during his courtesy visit to Prime Minister Bouasone Bouphavanh on 1 April. At the talks, PM Bouasone expressed congratulations and welcomed the proposal of Lilama Company. He said that the Lao government will provide well co-operation and fac... |
Nigerian cemePrices of cement have started coming down, following Federal Government’s price stabilisation mechanismnt prices seen falling07 April 2008, Published under Cement NewsPrices of cement have started coming down, following Federal Government’s price stabilisation mechanism through the granting of import approval to major dealers of the building material. The government’s gesture was to enable the dealers of cement to flood the market with the commodity, to complement local production to meet the rising demand in the building industry. As a result of the high demand, prices of cement had shot up to a record high of between N2,000 and N2,100 between Januar... |
Saudi cement firms plan IPO07 April 2008, Published under Cement NewsFive new Saudi cement companies intend to sell 50% of their capital in initial public offerings (IPOs), local press reported. Al-Eqtisadiah named the firms as Thamrat Najran in the Najran region in the far south, Medina Cement based in Riyadh, Abra Al-Mamlaka (Sabak) in the northern region, Jouf Cement in Jouf and Al-Khayat Trading and Engineering, based in Mecca. Citing the Ministry of Petroleum and Mineral Resources, it said the companies were licensed on condition they establish public ... |
Lafarge may raise grinding capacity07 April 2008, Published under Cement NewsLafarge Malayan Cement Bhd is studying the possibility of increasing its grinding capacity in the near term despite concerns of a slowdown in the local construction industry. President and chief executive officer Alan Crouy said the cement manufacturer had allocated up to RM80m in capital expenditure for its financial year ending Dec 31. Currently, Lafarge has about 8Mt of clinker capacity and close to 13Mt of grinding capacity spread over four plants in Peninsular Malaysia. Crouy said th... |
Portugal Semapa to benefit from UBS increased stake04 April 2008, Published under Cement NewsUBS’s increasing of its stake in Semapa will be positive for Semapa’s share performance, investment bank BPI said on April 3, 2008. The operation proves that UBS believes in Semapa’s strategy and also sees a potential for growth in the construction company’s shares, BPI noted. In a news release on April 2, Semapa said that UBS bought an additional 5.7 million shares and now owns 5.82 pct of Semapa’s share capital and 6.1 per cent of the voting rights. Semapa is 51 per cent c... |
Holcim Bulgaria gets green light to acquire local building materials firm04 April 2008, Published under Cement NewsBulgaria’s anti-trust regulator on Wednesday gave the green light to the local unit of global cement maker Holcim to acquire a majority stake in building materials manufacturer Remos Beton for an undisclosed sum. Both companies are producers of cement, concrete and other building materials and the purpose of the acquisition is to increase the volume of production, the Commission for Protection of Competition said in a statement. |