Cement News tagged under: international
Cementos Molins buys 65 per cent of Sotacib for EUR86m04 January 2008, Published under Cement NewsCementos Molins has acquired 65 per cent of Tunisia’s Sotacib for EUR86m (US$125.8m), according to Spanish daily Cinco Dias. Sotacib has an annual production capacity of 350,000t of white cement in its Feriana plant. The company exports to Algeria, Libya and France and is currently constructing a second production line which will double its production from the first quarter of 2009. Sotacib has a project with the necessary authorisations for the construction of a grey cement pl... |
Aditya Birla Dec cement shipments up 7.7 per cent YoY04 January 2008, Published under Cement NewsIndia’s Aditya Birla Group said on Thursday its cement shipments in December rose 7.7 percent from a year earlier to 2.7Mt. It said cement production rose 4.1 per cent to 2.62Mt. The group includes flagship Grasim Industries Ltd and UltraTech Cement Ltd , with a combined cement making capacity of more than 31Mt. |
Lafarge opens alternative fuels facility, US04 January 2008, Published under Cement NewsLafarge has officially opened a state-of-the-art alternate solid fuels facility in Sugar Creek, Mo. At a recent dedication event cosponsored by the local chapter of the U.S. Green Building Council and the Environmental Excellence Business Network, government officials, environmental professionals, business leaders, community members, and employees celebrated the company’s continued commitment to the environment and to the use of sustainable resources. Representing a $7 million investment, t... |
Shree Cement looking to go overseas, India04 January 2008, Published under Cement NewsKolkata-based Shree Cement Ltd (SCL), which runs the largest single-location integrated cement factory in northern India, is eyeing foreign shores. H M Bangur, managing director, Shree Cement told DNA Money over telephone, "We are not only expanding in the domestic market but scouting for space abroad too." He, however, declined to give away details. Sources, however, said the Rs 1,500 crore firm is looking to expand operations to Libya, Israel and Sudan. The management has sent a ... |
Pakistan cement sales jump 24 per cent, exports soar03 January 2008, Published under Cement NewsPakistani cement sales jumped 24 per cent in the first half of fiscal 2007/08 from a year earlier, driven by growing construction demand at home and abroad, an industry official and an analyst told Reuters on Wednesday. Sales totalled 13.9Mt for the six months to December, compared with 11.18Mt in the same period of 2006, said Shahzad Ahmed, secretary-general of the All Pakistan Cement Manufacturers Association Pvt Ltd. Exports of cement soared 149 per cent to 2.99Mt from the 1.20M... |
China National Material granted option to acquire Jidong Cement03 January 2008, Published under Cement NewsChina National Materials Co Ltd (CNBM) said its parent China National Materials Group Corp has granted it an option and pre-emptive right to acquire Jidong Cement Group Co Ltd. Under an agreement between the parent and the local government of Tangshan, in the central Chinese province of Hebei, Jidong Cement, which is indirectly owned by the Tangshan government, will become a subsidiary of the parent through future capital injection, CNBM said. No financial terms were disclosed. CNBM said ... |
Private cement companies warned by Tamil Nadu government03 January 2008, Published under Cement NewsThe Tamil Nadu government on Wednesday warned private cement companies in the state of nationalisation, if they did not help put a cap on the galloping cement price. ‘The government has no other option than taking over the private cement companies in the state if they did not come forward to bring down the price,’ an official press release said. In the light of the surging cement price amidst allegations of cartelisation by private cement companies over the last few months Chief Ministe... |
ACC increases cement production 6.2% to 19.92Mt03 January 2008, Published under Cement NewsACC increased cement production 6.2 per cent to 19.92Mt cement from January to December 2007, compared to 18.73Mt previously. It despatched 19.88Mt cement, compared to 18.71Mt previously. During December 2007, ACC produced 1.58Mt of cement, compared to 1.65Mt previously. It sold 1.57Mt of cement, compared to 1.67Mt. |
Shree Cement Dec shipments up 15% YoY03 January 2008, Published under Cement NewsShree Cement Ltd said on Wednesday its December shipments rose 14.54 per cent to 5.12Mt from 4.47Mt a year earlier. It’s total shipments between April to December 2007 rose 23.06 per cent to 4.36Mt from 3.54Mt in the same period a year ago, the company said in a statement. The cement maker has a capacity to produce 8Mt of cement annually at its plant in the northern state of Rajasthan. |
Cement prices in China continue to soar02 January 2008, Published under Cement NewsRises in production costs coupled with strong market demand have caused the price of cement to continue rising in the fourth quarter of this year, according to monitoring by China’s ministry of commerce. But industry experts say that the cement price is likely to go down from the high level growth in late December because of the increase of production and slowdown of construction facilities. According to the monitoring, the average price of cement in China went up four per cent in ... |