Cement News tagged under: international
Huaxin Cement builds RMB1.2bn plant in Hunan14 January 2008, Published under Cement NewsThe Zhuzhou plant of Hubei province’s Huaxin Cement Company started constructions in the county of Zhuzhou recently with a total investment of RMB1.2bn. Investment for the first phase is RMB 620m. Keeping expansion into the province of Hunan in mind, Huaxin Cement will build two large dry-process on lines in Zhuzhou county. The first phase of the plant will have an annual cement production of 2.4Mt to realise annual sales of RMB500 million, and it will bring in taxation income of RMB50 mi... |
Birla White to expand speciality products base14 January 2008, Published under Cement NewsBirla White, the white cement division of Grasim Industries Ltd, is planning to expand its speciality products base to double its turnover in the next two years. “Our present focus is on speciality products. We see it as a key driver of growth to increase our turnover from Rs 500 crore (2006-07) to Rs 1,000 crore by 2009-10,” D.R. Dhariwal, President, Birla White, told Business Line here. The Aditya Birla Group company is buoyed by the good response to its flagship speciality product, Birl... |
Brazil’s cement sales grow in 200711 January 2008, Published under Cement NewsBrazil’s cement consumption is expected to have reached 44.7Mt in 2007, up 9.8% on the previous year, national cement industry association SNIC executive secretary José Otávio Carvalho said. Although the exact amount has yet to be confirmed, "these numbers are exceptional since we expected a rise of only 5%. The scenario started to change last July," Carvalho told Business News Americas. In November, cement consumption rose 14.3% to 4.1Mt compared to the same month the year before, and inc... |
Will Lafarge’s Orascom loan find favour?11 January 2008, Published under Cement NewsThe €7.2bn loan backing the acquisition of Egypt’s Orascom by French building materials company Lafarge has been launched, arrangers BNP Paribas, Calyon and Morgan Stanley announced on Thursday. The proposed loan is the largest investment grade loan to launch to syndication so far this year. The facility includes a €1.8bn, one-year bullet term loan with a 364-day extension option and a €2.3bn, two-year bullet term loan with a 364-day extension option, plus others. A bank presentation is sche... |
Iraq nominates companies for cement investment11 January 2008, Published under Cement NewsThe Iraqi government has named three companies to upgrade and invest in the country’s largest three state-owned cement enterprises under the Industry and Minerals Ministry, a senior Iraq government official said. Around US$450m will be invested to upgrade Iraq’s ailing cement factories, deputy minister of industry and minerals Adel Kareem told Dow Jones Newswires. The winning companies are Al Sharq al-Awsat, Al Jawhara and al-Majmoah al-Iktisadiya, Kareem said. "They are local but they are... |
China profits from building materials sector11 January 2008, Published under Cement NewsThe profit of China’s construction material industry will hit ¥65bn (US$8.9bn for year 2007, up 29 per cent from a year ago, according to the latest report published by the country’s top economic planner, the National Development and Reform Commission (NDRC). In a breakdown of 2007, China’s cement output reached 1.38bnt, flat glass output reached 530m weight cases, sanitary ceramics reached 110m pieces, and building ceramics reached 3.5bnm2. The NDRC report shows that the industry realized... |
Thailand’s cement industry: keeping pace10 January 2008, Published under Cement NewsIn contrast to the depressed domestic demand throughout 2007, domestic cement sales are likely to recover in 1Q08, backed by it being the peak season for demand. Domestic cement demand is expected to turnaround and grow 5% to 29.5mn tons in 2008 for a few reasons. i) Low cement sales base in 2007. Following the tepid investment environment in 2007, domestic cement demand showed a decline of 4% YoY to 17.0mn tons in 11M07. This abnormally low base should pave the way for decent cement sales ... |
Asia Cement to spin off its China operations10 January 2008, Published under Cement NewsAsia Cement Corp a member of Taiwan’s Far Eastern Group, plans to spin off its China operations in a US$250m Hong Kong initial public offering, industry sources said Thursday. The IPO may take place as soon as the end of the first quarter. Asia Cement has cement production and marketing system through investments in the central provinces of Jiangxi and Hubei and in western Sichuan province. Asia Cement’s annual output of cement now exceeds 10Mt and that the company plans to boost annual pr... |
Strong demand for Malaysian building materials10 January 2008, Published under Cement NewsCIMB Equities Research is maintaining its overweight stance on the construction sector as it sees 2008 as the start of the implementation of the Ninth Malaysian Plan after the award of some RM22 billion worth of projects in 2007 reports Malaysia’s The Edge news. It anticipated construction activities to pick up at a growth rate of 6%, which is the highest since 1997. It believed local demand for building materials would also enjoy strong growth. “We estimate 6% growth for long steel produc... |
Cement subsidy offer for economically weaker sections10 January 2008, Published under Cement NewsSeven private Indian cement manufacturers have come forward to sell cement at Rs200 a bag to people belonging to economically backward sections and the lower middle class in the State of Tamil Nadu. They have proposed that a maximum of 400 bags (50kg per bag) will be supplied to each consumer on the basis of permits to be issued by district officials concerned. Their calculation is that these sections of the society will construct dwelling units in the range of 500-1,000 sq. ft. As per a c... |