Cement News tagged under: international
Cimpor’s Peruvian unit to build new plant in 200826 March 2008, Published under Cement NewsCimpor’s Peruvian subsidiary Cementos Otorongo will start building a new cement factory in 2008 with a production capacity of 650,000tpa of cement, the company said. Cimpor said it plans to invest around $125m in the new factory in Peru’s southern coastal region of Arequipa. "The construction of the new plant will start in 2008 and will have an annual production capacity of 650,000t of cement, around 10 per cent of the total cement consumption in the country," Cimpor said. |
Madras Cements plans expansion26 March 2008, Published under Cement NewsMadras Cements of India will spend INR1524 crore by the end of this year to boost capacity. It will expand cement capacity to 10Mta by 2Q09, from the current 8Mta. It is also raising grinding capacity by 1Mta each at its Kolaghat (West Bengal), Chennai and Salem facilities. In addition, the Chennai based company will step up wind power capacity from 64MW to 120MW by the end of financial year ’08. It targets to generate 123m units per annum from this low-cost source of power. Wind power is... |
Semen Padang posts 47.7 per cent jump in year net profit26 March 2008, Published under Cement NewsPT Semen Padang of Indonesia posted a net profit of Rp358bn (US$39m) in 2007, up by 47.72 per cent from a year earlier. Sales in 2007 jumped 115.84 per cent to 6.447Mt compared with 2006 when the figure was 5.56Mt, the company’s president director, Endang Irzal, said on Tuesday. PT Semen Padang has set its sales target for 2007 at 6.44Mt. He said the 2007 sales outstripped the company’s production of 5.47Mt as it also sold cement from PT Semen Gresik Group. "PT Semen Pa... |
Huaxin Cement reports strong results, China26 March 2008, Published under Cement NewsHuaxin Cement Co, Ltd about CNY450m profits in 2007, surging 94.26% YoY, and gained operating revenue of CNY 4.77bn, hiking 34.04 per cent, thanks to the rising cement price and help from strategic partner Holchin BV. Though price rise in coal and electric power padded up costs, the average selling price of Huaxin Cement grew CNY16.55/t from a year earlier, and thus the gross profit margin inched up. According to its annual results, the earnings per share in 2007 hit CNY0.88, leaping ar... |
Grasim Industries clinker plant begins operations26 March 2008, Published under Cement NewsIndia’s Grasim Industries Ltd Wednesday said its 3.3Mta clinker plant in the northern state of Rajasthan has begun operations. The clinker plant is operated by its unit Aditya Cement Ltd. Clinker is an intermediate product used in cement manufacturing. In a statement to the Bombay Stock Exchange, the company said its new grinding plant in the northern state of Haryana, with a capacity of 1.3Mta, has also begun production. Grasim’s unit, Vikram Cement Ltd. has started oper... |
Cement prices drop nationwide, Nigeria25 March 2008, Published under Cement NewsThe Federal Government’s intervention in escalating price of cement has paid off as prices drop across the country. According to the Nigerian Tribune investigation, the cement price, which peaked at N2,200 per 50 kilogrammes bag during the crisis period, has dropped to between N1,500 and N1,700 per 50kg bag in various parts of the country. Building contractors and individual developers told the Nigerian Tribune that the reduction in the price of cement was as a result of the Federal Govern... |
Small players to hike cement prices in Gujarat25 March 2008, Published under Cement NewsSmall cement plants in Gujarat have decided to hike prices by Rs 12 per bag of 50 kg effective April 1. In a recently held meeting, members of the Gujarat Mini Cement Manufacturers Association decided to raise prices in the wake of rising prices of clinker, furnace oil, coal as well as diesel. Gujarat has 90 operational mini-cement plants with a production capacity of 5,000 tonnes per day. They charge Rs 165-170 per bag at the lower end and Rs 185 per bag at the higher end. However, th... |
Krasnoyarsk Cement Plant to build new line, double output25 March 2008, Published under Cement NewsThe Krasnoyarsk Cement Plant, which is part of Russian holding Sibirskiy Cement (Siberian Cement), plans to double annual output to 2Mt after the launch of a new production line in 2009, the Krasnoyarsk Region government’s press service said Friday citing the plant’s Managing Director Vladimir Sakakun. The current capacity of the plant amounts to 900,000tpa of cement. The new line will be built using dry cement production technology, which will reduce average production costs by 20... |
Oil revenues fuel 70 per cent rise in Dubai cement imports25 March 2008, Published under Cement NewsDubai imported almost 3Mt of cement in 2007, according to state figures, as the Gulf region was gripped by a construction boom fuelled by rocketing oil prices. Dubai imported 2.96Mt of cement, a 73.6 per cent increase on the previous year as crude prices reached record highs. ’Cement imports have soared during the past three years as a result of the unprecedented construction activities here that accompanied the overall economic boom in the UAE and the region,’ said Nassim al-Mehai... |
Indonesian manufacturers expect 6% rise in domestic market25 March 2008, Published under Cement NewsLeading cement manufacturers expect demand for cement to grow at least six per cent on the back of an improving economy and many large construction projects this year. PT Semen Gresik president director Dwi Soetjipto said Monday domestic demand could even increase more than six per cent if the government manages to realise its planned infrastructure projects. Last year, the industry grew by 6.6 per cent. "This is a conservative estimate. We can expect up to seven per cent grow... |