Cement News tagged under: international
CRH moves into India20 March 2008, Published under Cement NewsCRH plc announces that it has signed an agreement to acquire a 50% shareholding in My Home Industries Limited (MHIL), a privately-owned cement company with its head office in Hyderabad, India. CRH’s total investment will be EUR290m. CRH and the existing owners will jointly manage MHIL and both parties will have equal Board and management representation. The transaction is expected to be completed during the second quarter of 2008. MHIL’s operations consist of three cement production units a... |
SC issues notice to govt on cement company’s plea19 March 2008, Published under Cement NewsThe Supreme Court has sought the government reply on a petition filed by cement manufacturers, which challenged anti-monopoly watchdog MRTPC’s order that held them guilty of cartelisation and manipulation of cement prices. A bench headed by Justice C K Thakker recently issued a notice to the Ministry of Company Affairs seeking its reply on the petition filed by 41 cement firms that were found guilty of cartelisation and manipulation of the cement prices between February 1990 and August 1990... |
Anil Ambani group gets land for Madhya Pradesh cement unit19 March 2008, Published under Cement NewsThe Reliance Anil Dhirubhai Ambani group is setting up a cement unit in Madhya Pradesh for which 1,306 acres of land has been allotted by the state government in Satna, some 375km from here. Madhya Pradesh Industry Minister Jayant Malaiya informed the state assembly Tuesday that apart from providing land at Raghuraj Nagar in Satna district, the group has also been given the prospecting license for the unit. “The cement unit is a logical extension of our proposed thermal power project in the... |
Cement prices rise to PKR230-265 per bag, Pakistan19 March 2008, Published under Cement NewsThe cement rates per bag have been raised by Rs 2.5 to Rs 3 by the manufacturers, traders said Tuesday. "The rates have gone up from Tuesday. The companies have raised the prices", a cement dealer in the twin-cities of Rawalpindi and Islamabad, confirmed. Following this increase, the retail price of cement has shot up to minimum Rs 230 and maximum Rs 265 per bag, he added saying the hike is thanks to the raise in petroleum products’ prices. |
New Romanian cement terminal opens19 March 2008, Published under Cement NewsA 1Mta cement terminal owned by the company Decirom, has become operational in the Black Sea Port of Constanta. The terminal, worth EUR12m, is the second biggest investment the company made in Constanta Port. Decirom general manager Valeriu Bajenaru says that over 300,000t of imported cement will be operated through the new terminal this year alone and will have a positive impact over the domestic cement market. |
FLSmidth to supply cement plant featuring Egypt’s largest cement mill19 March 2008, Published under Cement NewsFLSmidth has been awarded a contract worth approximately EUR60m for engineering and machinery supplies to El Sewedy Cement Company’s new greenfield cement plant. The 5000tpd plant will be built near Ain Soukhna in the Suez province, 110 kilometres east of Cairo. The contract is for all major machinery for the plant and includes an EV limestone/clay crusher, raw material stores, an ATOX raw mill, a CF silo, a complete ILC 3-support kiln including a 5-stage preheater and an SF Cross-Bar cool... |
Federal Government Licenses 13 Firms to import cement19 March 2008, Published under Cement NewsThe Federal Government has granted 13 companies licenses to import bulk cement in order to curtail the escalating prices of cement in the country. Minister for Commerce and Industry, Chief Charles Ugwu, made the announcement in Lagos on Sunday. With about 11.5Mt shortfall in cement supply in the country, its price has risen to between N2, 400 and N3, 500 in the last few weeks. Chief Ugwu said the 13 companies licensed to import cement were given approval based on the capacity of their p... |
Riebeek Valley cement plant comments deadline extended, South Africa19 March 2008, Published under Cement NewsThe deadline for comments on plans to build a R3bn cement factory in the Riebeek Valley has been extended for a second time – to the end of June. Orrie Fenn, chief operating officer of Pretoria Portland Cement (PPC), said the extension would mean residents and concerned parties would have had 18 months in which to comment on the plans. The deadline was initially set for January 31, but residents complained this was not enough time to review the volume of documents pertaining to the proje... |
Work starts on two cement plants in Quang Binh19 March 2008, Published under Cement NewsThe Truong Thinh Construction Company will build two cement plants in central Quang Binh province with total investment capital of VND3trn (USD187.5m). The two plants will be located in Tuyen Hoa district’s Chau Hoa commune and Bac Trach commune in Bo Trach district. In the first phase, the investor will build a clinker producing factory with a daily capacity of 5,000t and two grinding mills capable of turning out 1Mt of cement at each of the two construction sites. Later, the... |
India cement output growth to register slow down in FY0819 March 2008, Published under Cement NewsThis financial year, the domestic cement industry is expected to witness the third lowest production growth rate in a decade at seven per cent. However, companies said it was just a temporary phase and more due to a high base effect. Things would be back on track with 9-10 per cent growth in production from the next year onwards, they said. Assuming that in March, traditionally, the best month for the industry, the production is around 15.5 million tonnes, the overall production for FY0... |