Cement News tagged under: international
Philippine cement industry reports turnaround in sales21 January 2008, Published under Cement NewsThe Philippine cement industry has reported a turnaround in sales last year, largely due to increased demand brought about by public and private sector infrastructure projects. Cement makers sold a total of 12.9Mt last year, up 8.4% from 11.9Mt in 2006, Renato C. Sunico, chairman of the Cement Manufacturers Association of the Philippines (CeMAP), told reporters last week. "Last year was relatively good for the industry. Sales were boosted by a 10% increase in demand. For this year... |
India’s Binani Cement to raise US$125m to boost capacity21 January 2008, Published under Cement NewsThe board of Binani Cement Ltd has approved raising up to US$125m in foreign currency for expansion of its production capacity and for overseas acquisition. It plans to expand its annual capacity to 6Mt by the year-end from the present 4.5Mt, it said in a statement released over the weekend. It also reported a net profit of INR539.5m for October-December, and earned revenue of INR6.42bn in the first nine months of the year that began April 1. The comparable figures were not a... |
Egypt refers cement executives to court21 January 2008, Published under Cement NewsEgypt referred 20 executives of local cement firms to a criminal court for conspiring to fix prices, state news agency MENA reported on Sunday. Executives from firms including Suez Cement , Misr Beni Suef , Misr Qena , and Torah Cement , will face charges in the first such case under a three-year-old anti-monopoly law, MENA quoted the public prosecutor as saying. The government had filed accusations of anti-competitive practices against the companies in October after a 14-month p... |
Belarus cement output increases 9.3 per cent in 200721 January 2008, Published under Cement NewsCement production in Belarus in 2007 totalled 3.8Mt, 9.3 per cent more than in the previous year, according to the Ministry of Statistics and Analysis. December’s cement output reportedly amounted to 287,000t, a 15.6 per cent increase on the same month of 2006. The production of building materials in 2007 totaled 3,141 billion rubels in terms of value, or 11.3 percent more than in the previous year, the statistics ministry said. |
Eurocement’s Ukrainian plants boost output 7% in Jan-Nov21 January 2008, Published under Cement NewsThe two Ukrainian plants of top Russian cement producer Eurocement Group increased cement production by 7.3% YoY to 3.26Mt in the first 11 months of 2007. Baltsem increased production by 11.1% to 2.695Mt and Pushka raised output by 7.8% to 563,300t, sources at the plants told Interfax. Baltsem and Pushka, which have been part of Eurocement Group Ukraine since 2005, have combined design capacity to produce about 5Mta of cement. |
China National Building Material inks investment agreement in Africa21 January 2008, Published under Cement NewsChina National Building Material Co., Ltd announced on January 15, 2008 that it inked an investment agreement with China-Africa Development Fund (CADF) to create a joint venture with registered capital of CNY 1 billion. Named China-Africa Building Material Investment Co., Ltd., the new company is making R&D, manufacturing and sales of a variety of building materials, including cement, in Africa. But this agreement will not take effective until the Chinese government approves. Established o... |
Sri Lanka Jaffna cement plant chased by India’s Birla group21 January 2008, Published under Cement NewsIndia’s Birla group will be allowed to operate a cement plant in Sri Lanka’s northern Jaffna peninsula, construction minister Rajitha Senaratne said. Jaffna has high purity limestone deposits but cement production ceased with the flare up in hostilities. "Birla would get a lease and they would operate the project on a build, operate and transfer (BOT) basis," Senaratne said. The limestone resources have been eyed by other cement players including Holcim, which operates a 500Mta facility i... |
Cyprus cement production up 4.8% in 200721 January 2008, Published under Cement NewsTotal cement production in Cyprus rose by 4.8% in 2007 to 1.87Mt, according to the latest data from the Statistical Service, compared with 1.79Mt in 2006. The biggest increase was recorded in local sales of “super white”, which rose by 10% to 10,614t. Local sales of cement, helped by a buoyant construction sector, rose by 10% to 1,790,456t, while exports fell by 63.6% to 62,969. Production of clinker fell by 1.6% to 1.5Mt, and there were no exports of clinker in 2007, compared with export... |
Holcim, Mortar team up to expand horizons, Indonesia21 January 2008, Published under Cement NewsPT Holcim Indonesia, signed a cooperation agreement Friday with local instant cement manufacturer PT Cipta Mortar Utama. "We’ve had a long relationship with Mortar and with this co-branding cooperation I hope we can expand our markets by combining our distribution networks," Holcim president director Tim Mackay said before signing the agreement. Mortar generally focuses on commercial construction projects, such as the Ritz Carlton and ITC Permata Hijau, while Holcim mainly works in t... |
South Valley Cement granted new plant license21 January 2008, Published under Cement NewsEgypt”s South Valley Cement Company has won a license to set up a cement factory in the South Valley Governorate as the company has been technically qualified in the second auction for cement producers in Upper Egypt. Amr Assal, chairman of the General Authority of Industrial Development, said the ad hoc committee for the bid rejected technical proposals from Misr Cement Company and Al Nahda for Industry. He declined to comment on the license fees that South Valley would have to pay,... |