Cement News tagged under: international
Turkish company plans new cement factory in Turkmenistan06 March 2008, Published under Cement NewsTurkish company, Polimeks is to start designing and building a new cement plant in Jebel town, Turkmenistan next month, according to local press reports. The plant will have the capacity to produce 1Mta of cement. Turkmen president Gurbanguly Berdymukhammedov has signed a resolution allowing the project to go ahead and Turkmennebitgazgurlushyk State Concern will conclude a contract with Polimeks for EUR180m (US$273.61m). The plant will be commissioned in May 2011. |
UAE cement crisis looms?05 March 2008, Published under Cement NewsUAE suppliers of ready-mix concrete are struggling to keep up with demand with the risk that construction projects may be delayed further, cement companies and contractors said on Tuesday. "We are already feeling the pinch and, if this situation continues, we are bound to see more delays in delivery of projects," said Ibrahim El-Hamadi, executive director of Arabtec Construction, reported Emirates Business 24/7. Arabtec Construction is a unit Dubai-based Arabtec Holding, the UAE’s largest ... |
Taiwan Cement to set up plant in China’s Sichuan Province05 March 2008, Published under Cement NewsTaiwan Cement Corporation, one of Taiwan’s leading cement producers, recently announced it would tap the cement market in central China by setting up a cement plant in Sichuan Province. As the mainland authority has determined to delete old cement plants totaling production capacity of 250Mt by 2010 when the mainland’s 11th five-year economic development plan expires, which will lead to a shortage in cement supply in the mainland. To counter, Taiwan Cement has resolved to expand producti... |
Tonasa to build packing plants05 March 2008, Published under Cement NewsIndonesian-based PT Semen Tonasa plans to build cement packing plants in Pontianak and Ternate. Construction of the plants, to cost around Rp120bn (US$13m) is to start this year, said Sattar Taba, president of the subsidiary of the state owned company PT Semen Gresik. The plants will facilitate and improve efficiency in distribution especially in Ternate in the eastern region of Maluku where demand for cement is expected to grow faster in the coming years, Taba said. |
New Uzbekistan cement venture announced05 March 2008, Published under Cement NewsSouth Korea’s Natural Cement Corp Ltd and Uzbekistan’s Asia Cement International have set up a joint venture to build a roughly US$300m cement plant in Uzbekistan. Akbar Mukhitdinov, head of analysis and development at construction company Uzstroimaterialy, said the plant will have the capacity to produce 1.7Mta of cement. He said "At present, a land plot has been allocated for the construction of the cement plant and an examination is being made of the investment agreement that is ... |
Saint-Gobain buy of Maxit granted conditional clearance by EU05 March 2008, Published under Cement NewsThe European Commission said it granted conditional clearance to the proposed acquisition of Maxit Holding AB of Sweden by Compagnie de Saint-Gobain of France. The commission said its approval is conditional on the divestment of two subsidiaries of Maxit which are active in the production and sale of gypsum-related products. ’The commitments submitted by the parties will ensure that customers depending on the use of gypsum-related products, such as the cement or the ceramics industr... |
Tokyo Cement pumps US$15m investment to Trinco factory, Sri Lanka05 March 2008, Published under Cement NewsTokyo Cement Company (Lanka) Ltd has installed new equipment at an investment of US$15m at its Trincomalee factory recently. A trial production of a new Polysius vertical roller mill successfully conducted at its Trincomalee Factory. The mill has a capacity to produce 900,000tpa. Once in full operation, total production will be enhanced to 1.8Mta at the Trincomalee Factory. With the company’s bagging project at the Port of Colombo having a capacity of 600,000tpa, the company’s total produ... |
Pakistan cement sector profits decline by 87 per cent05 March 2008, Published under Cement NewsThe profitability of cement manufacturing companies listed in Karachi Stock Exchange (KSE) has sharply declined despite growth in export and domestic sales during the first half of fiscal year 2007-08. Eight out of the total 21 cement companies representing 90 per cent of the total market capitalisation of the cement sector have witnessed 87 per cent decline in their profits albeit there was substantial growth in volumetric sales of the industry by 21 per cent. The listed companies include ... |
Lafarge to invest EUR600m in six new cement plants in China05 March 2008, Published under Cement NewsLafarge said it will invest over EUR600m in six new cement plants in China through an agreement with Chinese equipment supplier CBMI Co Ltd. CBMI, a unit of Sinoma Group, is to build the plants before the end of 2010. A first site in Chongqing city, south-west China, is due to be completed by the end of 2009 with a capacity of over 2Mt. Lafarge said the investment is part of its program to build 45Mt of new cement capacity between 2006 and 2010 in order to meet growing demand in em... |
CRH’s earnings profile shifts towards Europe05 March 2008, Published under Cement NewsCRH increased turnover by 12.0% last year to EUR20,992m and the EBITDA advanced by 16.5% to EUR2,860m. European turnover rose by 19.9% to EUR10,714m, while in the Americas there was a 4.9% advance to EUR10,278m. In terms of EBITDA, the European contribution rose by 29.3% to EUR1,468m, while America delivered 5.4% more at EUR1,392m. The group pre-tax profit improved by 18.9% to EUR1,904m, in spite of the weaker US dollar, providing the 15th year of consecutive annual growth, and the net attr... |