Cement News tagged under: international
Jidong Cement to buy cement production assets for CNY335m21 December 2007, Published under Cement NewsTangshan Jidong Cement Co, Ltd announced on December 19, 2007 that its wholly owned subsidiary, Jidong Cement Fengrun Co, Ltd, entered into an agreement with Tangshan Longfeng Cement Co, Ltd on the acquisition of the latter for CNY335m. Registered CNY100m in capital, Tangshan Longfeng owns a production line with a capacity of 2500tpd of clinker which started operation in March 2005 and produced 748,300t of cement clinker in 2006. The deal also involves some fixed assets and two plots ... |
Hungarian Duna-Drava Cement to build logistics centre21 December 2007, Published under Cement NewsHungarian cement producer Duna-Drava Cement Kft (DDC) plans to spend HUF5bn (US$$28.7m) on the construction of a logistics centre and a transport terminal on the Danube River near southwestern Mohacs, it was reported on December 20, 2007. The logistics complex with a capacity to handle 500,000tpa will serve the company’s plant in nearby Beremend. Duna-Drava Cement will buy the site for the project from the local authorities for HUF500m (US$2.9m). Construction works are to begin in... |
Cement cealers criticise scarcity21 December 2007, Published under Cement NewsDealers in Cement products in South-east Zone of the country have decried the scarcity of the product, which they said has pushed up prices and slowed development. They, therefore, called on the Federal Government to reopen Eastern Bulk Cement Company, and offer it the rights to import bulk cement for rebaging. Addressing newsmen in Port Harcourt, the dealers, led by Patron of Cement Dealers Association in Bayelsa and Rivers state, and traditional ruler of Umueze Mbieri autonomous commun... |
Siam Cement urges political stability20 December 2007, Published under Cement NewsThe Siam Cement Group (SCG) is urging all political parties help stabilise Thai politics, saying that instability could continue to drag down the Thai economy. Kan Trakulhoon, the president of the country’s largest industrial conglomerate, voiced his concern over Thailand’s declining competitive position caused by political upheaval. "We have to admit the truth that the domestic market and politics are tied together," he said in an interview with the Bangkok Post. He added tha... |
GCC production to grow 25% with new US plant20 December 2007, Published under Cement NewsMexico’s Grupo Cementos de Chihuahua (GCC) expects its global production capacity to grow 25% once its new US plant in Pueblo, Colorado, starts operations, local construction-cement sector news portal Bureau de Prensa reported. The US$250m plant is designed to produce 1Mta to supply the Colorado and Nebraska markets. Construction is 45% complete and should wrap up in the first quarter of 2008, the report said. The process has entered its final stage, which will see the installatio... |
Itera and Basel Cement to Build up a cement plant in Sverdlovsk Region20 December 2007, Published under Cement NewsDuring the ceremony of signing of a MOU on cooperation with the Sverdlovsk region’s government up until 2015, Itera Ltd announced its plans to build up a cement plant in the region jointly with Basel Cement Ltd. The construction startup is scheduled for the end of 2008. The plant’s capacity is projected at 1.2Mta. Market participants suggest that Itera’s interest to the cement business is due to the project of the complex development of Yekaterinburg. The development division of the inte... |
Sagar Cement to add 30 MW power plant20 December 2007, Published under Cement NewsSagar Cement is constructing a 30MW power plant which is in the advanced stage of completion. In an interview with CNBC-TV18, Sreekanth Reddy director of Sagar, said the power plant will be completed by June 2008. Excerpts from CNBC-TV18’s exclusive interview with Sreekanth Reddy are featured below: Q: What is the kind of capex and by when will this expansion come on board? A: To the current capacity of 0.6 million, we are adding another 1.9Mt of cement grinding, which should mak... |
Indonesia’s Semen Gresik sales grow 1.8 per cent in 11 months to November19 December 2007, Published under Cement NewsState-run PT Semen Gresik, Indonesia’s largest cement maker by sales volume, said Wednesday its cement sales in the first 11 months of the year rose 1.8 per cent to 15.49Mt compared to the previous year’s 15.22Mt. Domestic sales rose 1.6 per cent to 13.80Mt while exports grew 3.2 per cent to 1.69Mt, the company said. Growth in its domestic sales was much slower compared to the 6.8 percent rise in nationwide cement consumption over the same period as the company focused on boosting... |
Vicat Unit opens new line in Turkey19 December 2007, Published under Cement NewsAccording to Turkish press, Bastas Cimento, part of the Vicat Group, has put into operation a new kiln line at its plant near Ankara, citing company sources. The facility will have the capacity to produce 4000tpd while 70 per cent of the fuel necessary to power the kiln will be secondary fuel. The cement kiln will also have a gas filter, a crushing machine for the raw materials, a preheater and a cooling system. The inauguration of the kiln brings Bastas Cimento’s capacity to more ... |
Cyprus production up five per cent19 December 2007, Published under Cement NewsCement production in Cyprus reached 1.71Mt in January-November, recording a rise of five per cent over the same period of the previous year on the back of a buoyant construction sector. Local sales of cement rose by 11 per cent in the same period, with sales of "super white" up the strongest at 28.3 per cent, followed by Portland composite at 19.1 per cent. However, exports of cement products collapsed, falling by 63.7% over Jan-November 2006, presumably owing to strong competition... |