Cement News tagged under: international
Cimpor Morocco unit to build EUR100m plant in 200810 December 2007, Published under Cement NewsCimpor said its Morocco unit plans to build a EUR100m cement plant and that the group has acquired an aggregates unit in Morocco with an annual production capacity of 1Mt. In a filing with stock market regulator CMVM, Cimpor said that the additional 750,000tpa of capacity to be provided by the new plant, for which work will start in the first half of 2008, will respond to the ’growth potential and increasing utilisation of the group’s assets in Morocco’. The acquisition of the aggre... |
Holcim confirms first choice, New Zealand07 December 2007, Published under Cement NewsHolcim New Zealand announced today it had reduced its options to two: a new plant at Weston, near Oamaru, or continuing the existing Westport plant and importing bulk cement. It favours Weston, for which it received interim approval last week, as a ``long term option with an expected life of at least 50 years’’. The second choice, Westport, was “a medium-term option of 20 -30 years’’. The 50-year-old Westport works employs more than 130 people at Cape Foulwind. Holcim’s capital pro... |
Growth of raw material costs lead to price rises, Azerbaijan07 December 2007, Published under Cement NewsAzerbaijan’s Ministry of Economic Development links the price increase for the construction materials in the country with two reasons – growth of worldwide prices and cost of the raw material, said the Deputy Minister of Economic Development, Mikail Jabbarov, on 5 December. The prices for the cement in Azerbaijan increased by 16%. Since the beginning of the year, Garadagh Cement has been applying a new sale system. The cost of 50kg Optimal cement was defined at AZN 7.25 and 50kg Specia... |
Sinoma cements HK offering07 December 2007, Published under Cement NewsThe mainland’s largest cement equipment maker China National Materials (Sinoma) said yesterday it would attempt to boost its earnings with greater expansion overseas. "The overseas and domestic markets currently weight about 65 percent and 35 percent for our cement business, respectively. The former will continue to enlarge with our foray into Russia, North America and Africa," the company’s chairman and executive director Tan Zhongming told reporters at its IPO press conference in Hong K... |
Quarry plans on hold07 December 2007, Published under Cement NewsCastle Cement’s plans to import limestone to a quarry site are on hold. Castle Cement wants to import 50,000t of stone into its Ketton site. An initial planning application was to import 250,000tpa of limestone, which could have meant about 32 trucks a day travelling through Tinwell and Ketton before the figure was revised. The firm says it is now exploring other options and has asked for the planning application to be put on hold. A public meeting was due to take place in... |
Lafarge begins construction of new plant, France07 December 2007, Published under Cement NewsLafarge has laid the foundation stone of its new clinker grinding plant at the port of Sete, in the Herault region. The factory will cost EUR50m in investment. |
India Shree Cement Nov shipments up 13 per cent YoY07 December 2007, Published under Cement NewsShree Cement Ltd said on Thursday its November shipments rose 13.12 per cent to 4.57Mt from 4.04Mt a year earlier. It’s total shipments between April to November 2007 rose 24.3 per cent to 38.48Mt from 30.96Mt in the same period a year ago, the company said in a statement. The company has a cement capacity of 8Mt at its plant in the northern state of Rajasthan. |
50kg cement bag price up by Rs1007 December 2007, Published under Cement NewsPakistan producers have further increased ex-factory cement prices by Rs10 per 50-kg bag, pushing the prices to Rs228-230 after a rise of Rs 8-12 last week. Talking to The Nation industry sources were hopeful in further rise by the following weeks. The sources believe that the rising input costs continue to be the prime reason for the increase in cement prices. They said that the coal prices have surged to US$130-140/t, significantly increasing the costs of cement companies, which is creat... |
Grasim divests Shree Digvijay Cement stake for Rs 322 cr06 December 2007, Published under Cement NewsGrasim Industries Ltd, an Aditya Birla flagship company, has divested its entire equity holding of 53.63 per cent in Shree Digvijay Cement Company Ltd (SDCC) to Cimentos De Portugal, SGPS, South Africa (Cimpor) through its subsidiary, Cimpor Inversiones, South Africa for Rs 322 crore, which translates into a sale price of Rs 42.50 per share. Public offer Cimpor Inversiones will make a public offer at Rs 42.50 per share for a further 20 per cent in SDCC as per SEBI regulations. The transacti... |
R1.75bn cement plant indicates China’s desire to invest06 December 2007, Published under Cement NewsAn aggreement of intent to invest an initial R1.4 to R1.75bn in a cement manufacturing plant has been signed by industrial conglomerate, Shandong Xianglong Group – one of many Chinese investments planned in public transport, property and educational exchange, according to MEC for Transport and Public Works Marius Fransman. The cement plant is expected to have a production capacity of 6000 to 10 000tpdand create 500 to 600 production jobs. A site for the plant has still to be decided. At a ... |