Cement News tagged under: international
Second cement factory planned19 December 2007, Published under Cement NewsThe Rwanda Investment Group is planning to build a second cement factory to help address a shortage brought on by the recent construction boom. The consortium of local investors announced plans to construct the factory next year. It should produce more 20,000tpa of cement. The investment will involve a commitment of an amount between $25m and $35m (Frw13.625b-19.075b). The Rwanda Investment Group is the majority share holder in the Rwanda Cement Factory (CIMERWA), currently th... |
Shandong Signs Strategic Cooperation Agreement with CNBM19 December 2007, Published under Cement NewsThe Shandong Provincial Government signed a strategic cooperation agreement with China National Building Material Group Corporation (CNBM) on December 16th. Shandong is a large building material industry province with more than 30 subsidiaries with total investment exceeding RMB10bn, engaging in several fields such as new-type dry cement, new-type building materials and composite materials. This agreement between the two parties aims to promote the cooperation of enterprises in the new-type... |
Govt changes tack as cement dries up19 December 2007, Published under Cement NewsThe government has said it will revoke the cement importation licences issued to the 23 companies from the East African region failing to bring in the item by the deadline they were given. Under the licences, the firms are allowed to import cement in a move meant to curb the acute shortage of the item which has touched off a countrywide skyrocketing of prices “Most of the companies concerned have not observed the conditions specified in the contract. We are giving a 14-day grace period, fa... |
India cement industry: no significant price hike soon18 December 2007, Published under Cement NewsUnder attack from various quarters for price increases, the cement industry today hit back at critics vowing that the demand-supply situation has been restored to a level of parity and that there would be no significant price hikes in the near future. The industry also targeted the Government and allied sectors like the Railways and real estate for lack of cooperation. "Earlier this year the industry could not keep pace with demand, leading to price hikes. However, the situation has changed.... |
No cement scarcity in Nigeria, says Dangote18 December 2007, Published under Cement NewsThere is no scarcity of cement in Nigeria and there is enough supply to handle the highest demand push possible, the nation’s largest cement supplier, Dangote Group has said. The Group Managing Director, Dangote Cement, Mr. Knut Ulvmoen who addressed the press in Lagos yesterday said the high price of cement currently being witnessed is not as a result of scarcity but high cost of production, transportation and other infrastructural deficiency. According to him “the local producers are cap... |
Secil signs investment deal for new cement factory18 December 2007, Published under Cement NewsCement company Secil signed an agreement with the Angolan National Private Investment Agency (ANIP) for construction of a cement and clinker factory in Benguela province. The new cement factory, which represents an investment of US$91m, will begin operating in 2010 and have a production capacity of 600,000t of cement per year and create 314 direct jobs and 1,000 indirect jobs. The investment contract for construction of the cement and clinker factory was signed by the chairman of ANIP, Car... |
Ukraine production down 0.6% in November18 December 2007, Published under Cement NewsProduction of cement fell by 18.1% in November, compared to October. In January-November 2007 production of cement rose by 10.2%, as compared with the same period of 2006, to 13,978,000t. As Ukrainian News earlier reported, in October 2007, cement production rose by 5.4%, compared with October 2006, to 1,426,000 tons. In 2006, production of cement grew by 12.9% compared to 2005, to 13,732,000t. |
China’s cement industry to realise CNY20bn profit in 2007 amid brisk investment17 December 2007, Published under Cement NewsChina’s cement industry is expected to reap in a record high profit of CNY20bn in 2007, with CNY12.3bn of profit in the first eight months, said Lu Guixin with Bureau of Economic Operations under National Development and Reform Commission (NDRC). National cement industry has reported a sales revenue of CNY328.7bn during the January-October, up 23.1 per cent YoY and annual sales revenue is expected to top CNY350bn in 2007, Lu said at the Sixth meeting of China Cement Association members.... |
Indian cement industry to add 13Mt new capacity in this fiscal17 December 2007, Published under Cement NewsThe domestic cement industry is all set to increase production capacity by an additional 6.65Mt during the remaining part of the current financial year. During the April-October 2007 period, the industry had already created 6.35Mt of new capacity through greenfield and brownfield expansions. Together, the total new capacity likely to be created during the current fiscal will be around 13Mt, highest since 2000-01, when 16.2Mt production capacity were added by the manufacturers, according to ... |
Mexico’s Cemex to lift cement prices17 December 2007, Published under Cement NewsCemex plans to lift cement prices by an average of 10% starting Monday, a company spokesman said Friday. The spokesman confirmed a report on the price increase that ran in local paper El Norte Friday. Cemex is looking to cut costs and increase revenue after an expensive takeover earlier this year. Cemex is also planning to reduce its staff, but hasn’t said by how much. In the third quarter of this year, Cemex completed the acquisition of Australia’s Rinker for $15.3 billion,... |