Cement News tagged under: international
Gansu Qilianshan Cement to sell 50 million shares to CNBM18 March 2008, Published under Cement NewsGansu Qilianshan Cement Co announced on Monday that it has inked an agreement with China National Building Material Co (CNBM) on March 14, under which CNBM will buy 50 million new shares from the cement maker. The deal, with an estimated value of about RMB493m (US$69.5m), is expected to help the company to consolidate the cement market in Northwest China, according to the company’s statement. But it did not disclose the offering price per share. The placement is part of Qilianshan’s second... |
Industry majors line up to buy Cement Corp’s ailing plants18 March 2008, Published under Cement NewsLeading cement makers such as ACC, Ambuja Cement and Lafarge are reportedly looking at buying the closed manufacturing facilities of the ailing public sector enterprise Cement Corporation of India (CCI), according to sources close to the development. CCI, which has reported losses in most years of the past decade, has been mulling putting seven of its plants on the block. The company reported a loss of Rs 166 crore last fiscal. The company management, however, is faced with opposition from... |
Indocement 2007 net profit IDR983.69bn Vs IDR592.80bn18 March 2008, Published under Cement NewsPT Indocement Tunggal Prakarsa, Indonesia’s second largest cement maker by sales, Tuesday said net profit rose to IDR983.69 billion ($m) in 2007 from IDR592.80bn the previous year. It said net revenue rose to IDR7.32 trillion from IDR6.33 trillion, with operating profit rising 48% to IDR1.58 trillion. |
Oman Cement to hike output by 1Mt18 March 2008, Published under Cement NewsState-owned Oman Cement will increase cement production by 1Mta in 2009 after expanding its plant, the minister of commerce and industry told reporters on Monday. "Oman Cement will produce an extra 1Mta starting 2009 to increase supply in the market as they are extending the plant," Makboul bin Ali bin Sultan said. The new unit will take total capacity to 2.87Mta from the current 1.87Mta year. "Prices of building materials will come down with additional supply in the country,"... |
Cimpor invests EUR120m in Mozambique18 March 2008, Published under Cement NewsResponding to the improved prospects for the growing market in Mozambique, Cimpor, which, through Cementos de Moçambique, owns the country’s sole integrated cement producer, has decided to construct a kiln at the Dondo works near Beira, where the company already has a grinding station. The kiln will have a production capacity of 1,500tpd and the grinding capacity at Dondo will also be increased, from 0.24m tonnes par annum to some 0.6Mt. The additional capacity should be on-stream by 2010... |
Gujarat govt mulls cement and limestone policy17 March 2008, Published under Cement NewsIn a significant development, the Gujarat government is mulling a cement and limestone policy. With over a dozen cement projects worth Rs 7,697 crore in its kitty, the government believes it’s imperative to have a proper policy framework to put these projects on a fast track. Gujarat’s Kutch region is fast emerging as one of the most preferred destinations of cement manufacturing. Many companies have proposed to set up cement projects in the state during the past couple of years. Aroun... |
Qatar National Cement Co set to commission two new lines17 March 2008, Published under Cement NewsQatar National Cement Company (QNCC) is set to boost capacity by commissioning two cement kilns – in April and June of this year. The two cement kilns will have a combined capacity of 5500tpd of cement, QNCC said in a report submitted to its annual general assembly here yesterday. The QR800mn plant, QNCC’s fourth, which comprises the two kilns at Umm Bab, will be fully completed in the first half of 2009. QNCC is in a deal with FCB of France to set up the state-of-the-art plant. The expan... |
Sharaf plans 4Mta cement plant in UAE17 March 2008, Published under Cement NewsThe Sharaf Group plans to spend AED1bn ($272m) building a cement factory in the United Arab Emirates to meet soaring demand from contractors, Khaleej Times reported, citing Managing Director Yousuf Sharaf. The Fujairah plant will take two years to build and will be able to produce 2Mt of cement a year in its first phase rising to 4Mt later, Sharaf said, |
India cement prices stable and no plan for regulator17 March 2008, Published under Cement NewsMr Ashwani Kumar, India’s union state minister of industry, said that cement prices in India have stabilised since March 2007 and there was no plan to set up a separate regulator for the sector. Mr Kumar said that centre has abolished import duties and allowed state run trading firms MMTC, TANCEM of Tamil Nadu and Puducherry Agro Services Industries Corp to import cement last year to bridge the demand-supply gap and stem price rise. He added that: "With these measures, the average price of c... |
China’s Qilianshan Cement to sell shares to CNBM17 March 2008, Published under Cement NewsChina’s Gansu Qilianshan Cement Co said on Monday it would place 50m new shares with larger rival China National Building Material Co in a deal that official media valued at CNY493m (US$69.5m). The move would help the firms’ joint effort to consolidate the cement market in northwest China, Gansu Qilianshan said in a statement. The placement is part of Qilianshan’s plan to issue up to 150 million new shares – equivalent to nearly 20 percent of its enlarged share capital – to no mor... |