Cement News tagged under: international
Vicat takes state in Kazakh cement project10 January 2008, Published under Cement NewsVicat Group said it has acquired a 60 pct stake in a company which is developing a cement factory in Mynaral, Kazakhstan. The remainder of the company will be retained by Kazakh investment fund Kazkommerts Invest, which initiated the project, it said. The value of the deal was not disclosed. A turnkey contract has been signed with Chinese contractor China Triumph Engineering International for construction of the cement plant with an annual cement production capacity of 1.1Mta. Construction ... |
Cement plant breaks ground in Phu Tho10 January 2008, Published under Cement NewsConstruction has begun on a VND900 billion (US$56.25m) new cement plant in the northern mid-land province of Phu Tho. The Huu Nghi II Cement Plant has a capacity of close to one million tonnes per year and is expected to be operational for 49 years, beginning at the end of this year. The new cement plant is located close to a large unexplored quarry which is accessible by both motorways and waterways. - VNS |
Dangote Cement gets new chief executive10 January 2008, Published under Cement NewsRichard Hadley, a former executive vice president of the Africa region for the cement division of the Lafarge Group, has been appointed the chief executive officer of Dangote Group’s cement division. His appointment took effect from January 1. Hardley, a Briton, studied mechanical engineering at Imperial College, London after which he began his career with the Schlumberger Group in 1980. He held different operational and management responsibilities for the Schlumberger in Latin America,... |
Solving the Indian shortages?10 January 2008, Published under Cement NewsCommerce Minister Kamal Nath said that the government is looking into the cement price situation and may look at more liberal import of cement. However speaking to CNBC-TV18, Vinod Juneja of Binani Cement was rather more skeptical: Vinod Juneja: By simply increasing imports in the country, I do not think there is going to be any relief to the consumers, because whatever import is going to take place, the coastal belt will be benefited and not places like Rajasthan, Haryana and Punjab, ... |
Pakistan cement sector registers 47 per cent rise in profit in ’0709 January 2008, Published under Cement NewsThe Pakistan cement sector registered an increase of 47 per cent profit in 2007 following the soared cement dispatches as of the upbeat local demand and expanding export market. Talking to The Nation the industry sources termed the increase to record cement dispatches in 2007 as the main reason for the performance of the cement companies. Local dispatches rose by 16 per cent while exports depicted a growth of 157 per cent owing to rising construction activities in the country and cement sh... |
Italcementi says Kuwait unit to buy two mid-size concrete companies09 January 2008, Published under Cement NewsItalcementi SpA said its Kuwait unit Hilal Cement is set to conclude the acquisition next week of two mid-sized concrete manufacturers in Kuwait. The company gave no details on the value of the operation. Italcementi also said that the group is examining further "opportunities" in the Mediterranean area as well as in countries where it is not yet present. The group said it is also looking at opportunities in regions where it does have a presence, such as Albania and Turkey. ... |
NDRC publishes outdated production capacity elimination list, China09 January 2008, Published under Cement NewsThe National Development and Reform Commission published on January 7th the list of 1,066 enterprises with outdated cement production capacity to be eliminated and requested enterprises to close down their outdated production lines as soon as possible if they haven’t already. During the Eleventh-Five Year Plan period, China plans to eliminate 250mt of outdated cement production capacity. The elimination target in 2006 was 1,474 outdated cement production lines in 27 provinces such as Fujian,... |
Holcim wins approval to raise stake in Huaxin Cement09 January 2008, Published under Cement NewsHolcim Ltd won regulatory approval to buy a controlling stake in China’s Huaxin Cement Co. as the country’s construction boom boosts demand for building materials. Holcim received China Securities Regulatory Commission approval to buy 160 million new shares of Huaxin, the Chinese company said in a statement to Shanghai’s stock exchange today, without saying how much the Swiss company would pay. The shares are valued at 6 billion yuan ($826 million) based on Huaxin’s Jan. 8 closing price of ... |
Vietnam consumes 36Mt of cement in 200708 January 2008, Published under Cement NewsVietnam reportedly consumed nearly 36.06Mt in 2007, a YoY of 13%, said the Vietnam Cement Association. Cement producers in the country turned out 36.16Mt in the year, surpassing the yearly target by 2%, the association added. At present, prices of reverter-furnace cement range between VND810,000-855,000/ton in the north and the central region, and between VND878,000-978,000/ton in the south. Cement prices are forecast to continue rising in the first quarter of 2008 due to a hi... |
Private cement cos agree to take decision on reducing prices, India08 January 2008, Published under Cement NewsPrivate cement manufacturers have agreed to take a decision for reducing cement prices before February 10, following Tamil Nadu government’s warning to take over cement factories in the state, if they fail to contain the rising cement price. India Cements Managing Director N Srinivasan met Chief Minister M Karunanidhi here today, on behalf of the cement manufacturers and discussed the issue, an official release said. Srinivasan had assured the Chief Minister that he would get back to him w... |