Cement News tagged under: international
Another plant for Abu Dhabi?18 February 2008, Published under Cement NewsA delegation from Nippon Oil Corporation Japan has paid a visit to the headquarters of Al Qudra Holding – the first general investment company in Abu Dhabi - following the joint cooperation deal signed in Tokyo between the two parties back in December 2007. The visit signals the start of the implementation of a series of action plans, most urgent of which, is to conduct a study on the construction of a new cement plant in the emirate of Abu Dhabi designed to produce low sulphate cement. The... |
Nigerian cement prices18 February 2008, Published under Cement NewsThe price of cement soared by above 80 per cent last week with a 50 kilogramme bag of the commodity selling for as much as N2000 (US$17 per 50kg bag) at many depots in Lagos. Two weeks ago, a bag sold for N1300. This is the highest price a bag of cement has sold in recent years. Construction companies have blamed the sudden rise in price for scarcity of the commodity in the market, even as others attributed it to the desire of cement cabals to make quick profit. The astronomical increase in... |
Egyptian price-fixing trial starts18 February 2008, Published under Cement NewsThe trial of 20 Egyptian cement company executives on price-fixing charges began in Cairo on Monday but after a brief procedural session the court adjourned until March 10. The 20 executives, who did not appear in court, face charges of conspiring to fix prices in the local market in the first case of its kind under a three-year-old anti-monopoly law. The firms include Suez Cement, Misr Beni Suef, Misr Qena and Torah Cement. The government filed accusations of anti-competitive practices aga... |
More focus on cement expansion18 February 2008, Published under Cement NewsVietnam’s Prime Minister Nguyen Tan Dung on February 18 urged central Thanh Hoa Province to speed up the construction of cement plants to make itself a large cement production centre in Vietnam. The PM made the recommendation while working with local authorities on socio-economic development measures for 2008, following his field-trip to the Nghi Son Economic Zone, the Nghi Son Port and the Cong Thanh Cement Plant Thanh Hoa is currently home to two large cement plants, namely Bim Son and Ng... |
Baticem offers to buy French assets18 February 2008, Published under Cement NewsTurkish cement company Baticim said on Tuesday it had made an offer to Ciments Francais for its Turkish cement operations Batisoke, a smaller cement company which is majority owned by Baticim A.S., said in a separate statement it also had bid for the Ciments Francais assets. Ciments Francais, controlled by Italy’s Italcementi said on Monday it had started talks with investors over its operations in Turkey, which include Afyon Cimento. It has four cement plants, located in Ankara, Afyon, Bal... |
Azerbaijan demand to increase up to 7Mta15 February 2008, Published under Cement NewsThe Azerbaijani government forecasts doubling of cement demand in the country for the medium-term period. Minister of economic development Heydar Babayev said that the high rate of economic growth and realization of a range of infrastructure and investment projects create pre-conditions for rise of cement demand in Azerbaijan. “We estimate that for the next three years cement demand is to grow by AZN 3m as minimum,” he added. Already today cement demand makes around 4Mta and is... |
Sagar Cements plans 5Mt plant in Karnataka15 February 2008, Published under Cement NewsSagar Cements Ltd said on Thursday it plans to set up a 5Mt cement plant in Karnataka, and is also considering a plant in Oman, in joint venture with a local company there. The company said that the actual capacity, location, method of implementation and mode of funding of the above projects together with other details would be finalized in due course. |
Shree Cement plans unit in Madhya Pradesh15 February 2008, Published under Cement NewsClose on the heels of acquiring mining rights for limestone in Madhya Pradesh, Shree Cement has chalked out a Rs 2,000-crore plan to set up a 2Mta cement plant. “The new unit will have an option to increase the capacity by 1Mt at a later stage. Once on-stream, it is expected to push the turnover close to Rs 700 crore,” said Rakesh Dalmia, corporate head of Shree Cement Ltd. The new factory is expected to be functional by mid-2010. Shree Cement will pump in Rs 600 crore from internal accru... |
Egypt’s Misr Cement Qena 2007 profit up 17.7 per cent15 February 2008, Published under Cement NewsEgyptian cement company Misr Cement (Qena) posted a 17.7 per cent rise in net profit in 2007 to E£276.45m (US$50.3m), the stock exchange said on Thursday. The company reported a net profit of E£234.9m in 2006. |
India Jan cement sales up 4.6 per cent YoY15 February 2008, Published under Cement NewsCement sales in India rose 4.6 percent in January from the year ago, Cement Manufacturers’ Association’s Web site showed. Sales in January were 14.82Mt, compared with 14.17Mt in the year ago period. Production rose 5 percent to 14.8Mt last month, against 14.09Mt a year earlier. |