Cement News tagged under: international
New plant becomes operational in Yen Bai, Vietnam01 April 2008, Published under Cement NewsThe Yen Bai Minerals and Cement Joint Stock Company has launched the operation of its cement plant after two years of construction. The dry-process plant has a capacity of 350,000tpa of cement and construction costs were around VND260bn. The plant is expected to bring about VND200bn in revenue annually and contribute VND12bn to the State budget, creating jobs for 400 workers working for the factory as well as thousands of other workers working in other sections of materials exploitation, t... |
Cameroon: Limbe Cement Factory - site survey to begin soon01 April 2008, Published under Cement NewsPort specialists from the South Korean Golden Bell Company Limited, will begin the site survey of the Limbe cement factory in Cameroon on 15 April 2008. The Chairman of the Golden Bell Company Ltd, Joseph Shin said, Friday, 28 March 2008 after the company’s delegation had an audience with Cameroon’s Prime Minister, Head of Government, Ephraim Inoni. Golden Bell Company delegation, expected to finance works at the Limbe Port and the construction of Cameroon’s second cement factory in Limbe, ... |
Indian cement makers set to raise prices again31 March 2008, Published under Cement NewsContrary to the govt’s intention, rates may rise by Rs3-5 per bag at the beginning of April. The withdrawal of Duty Entitlement Passbook (DEPB) benefit for exporters, as part of the government’s efforts to rein in inflation, may not be enough to bring down cement prices. In fact, if cement dealers and analysts are to be believed, prices might actually be hiked by Rs3-5 per bag from April. The government last week withdrew DEPB incentives on a number of products, including cement. ... |
TPI Polene sees end of debt restructuring, Thailand31 March 2008, Published under Cement NewsTPI Polene expects to complete refinancing of its restructured debt this year before completing its fourth cement line at an additional cost of THB6bn. Its liabilities under restructuring and rehabilitation are worth THB 8.04bn, but it will pay down US$10m ( THB 315m) next Monday. "We’re negotiating with five creditors. If we succeed in refinancing the restructured debt, we’ll file a petition with the Bankruptcy Court requesting to exit business-reorganisation proceedings as soo... |
Nigeria: high cost of cement imports ’not a solution’31 March 2008, Published under Cement NewsThe chairman, Senate committee on industry, Senator Kamarudeen Adedibu, has criticised the Federal Government for granting licenses to individuals and companies for the bulk importation of cement, targeted mainly to increase the supply of cement, so as to reduce the cost of the product in the market. Speaking at a workshop on cement industry: "The Way Forward" organised by the Commerce and Industry Correspondents Association of Nigeria (CICAN), Adedibu said importation was a wrong way to... |
Guam cement shortage hinders projects31 March 2008, Published under Cement NewsA number of construction projects may be delayed because of the low amount of cement that is available in Guam, according to local press reports. Various contractors have complained that the island is suffering from a scarcity of cement resulting in the virtual standstill of many important construction projects. Leonard K. Kaae, senior vice president for Black Construction Corp., said that in fact there has been no cement for a little more than 10 days. Kaae said that because of this, it ha... |
Gas supply cut off to Tajik Cement over debts31 March 2008, Published under Cement NewsTajikistan’s largest cement producer, Tojiktsement [Tajik cement] state unitary enterprise, has suspended its operation because gas supply has been cut off. The Asia-Plus news agency has learnt at the enterprise that gas was cut off at 0600 in the morning on 28 March. The source said that Tojikgaz [Tajik gas] state unitary enterprise cut off gas because of the cement plant’s debts for the gas consumption. Currently, the Tojiktsement state unitary enterprise owes 800,000 dollars to Tojikgaz... |
Cement demand in UAE to touch 26Mt by 201131 March 2008, Published under Cement NewsDemand for cement in the United Arab Emirates (UAE) is likely to touch 26.2Mt by 2011, a local investment bank has predicted. “The most important driver for cement consumption anywhere in the world is infrastructure and real estate development,” Hassan Awan, investment research associate at The National Investor (TNI), told the Gulf News. “Real estate development is at its historical peak in the UAE and with extravagant projects in the pipeline, the demand is expected to be very strong in t... |
Pakistan cement sales and exports rise31 March 2008, Published under Cement NewsPakistan’s monthly cement sales and exports reached 2.61Mt and 726,000t respectively. The record sale of cement was marked on the back of record-breaking exports of 726,000t (previous record was 645,000t in February 2008) and 1.9Mt local sales (also close to its record for a single month), a report prepared by JS Capital Research said. The sales of cement during March 2008 had already broken the previous monthly record of 2.56Mt (November 2007) to reach at 2.61Mt by the March 25, 2008. How... |
Eastern Europe boosts Buzzi Unicem profits31 March 2008, Published under Cement NewsIn 2007, Buzzi Unicem increased turnover by 9.1% to EUR3,205m and the EBITDA advanced by 12.3% to EUR 1,043.6m. The trading profit improved by 14.7% to EUR 834.7m and, helped by a near halving of the net interest charge to EUR 22.2m, the pre-tax profit rose by 25.2% to EUR 824.8m. The net attributable profit recorded a 31.1% advance to EUR 458.5m. Capital investment amounted to EUR 322.4m, in addition to which acquisitions absorbed EUR 204.9m. Net debt at the end of De... |