Cement News tagged under: international
Vietnam: several cement projects await approval16 November 2007, Published under Cement NewsThe Ministry of Construction has received a slew of proposals from cement makers requesting permission to build new plants. Holcim is proposing to establish a plant with annual capacity of 3.5Mt, while Bac Can is proposing producing 900,000tpa. Luksvaxi, Phuc Son, Hoa Phat and Nam Dong are each seeking to build plants with annual capacity of 1.8Mt. According to an industry development plan, cement consumption on average will grow 9% annually from 2011-2015 and 4.5% from 2016-2020. ... |
Ethiopia Privatised cement factory doubles production, to open new plant16 November 2007, Published under Cement NewsAfter being privatised to a share company, the National Cement Factory has doubled production and works are underway to open another plant, according to the company’s representative. Found inefficient and bankrupt, the 70 year old company was put under the management of the Mugher Cement Factory, before its 80 percent share was finally sold out to the East Africa Group in February 2006, as per the country’s privatization policy. The Governmental maintains ownership of the remaining... |
Cement crisis hitting hard, Brisbane, Australia16 November 2007, Published under Cement NewsBrisbane City Council is staring down the barrel of construction hikes, threatening blow-outs on key road projects including the Hale St Link bridge. Demand on building materials and labour has soared as work begins on billions of dollars of essential south-east infrastructure. Cement is flagged to rise by $8 per tonne next year amid transport and import cost hikes, while concrete manufacturers fear a looming critical shortage in quarry goods and ongoing difficulty sourcing coal. C... |
Ambujas eyeing Himachal cement plant16 November 2007, Published under Cement NewsGujarat Ambuja Cements Ltd and D.S. Constructions are among those in the race to set up a cement plant in the state’s Saal Baag region. Sources in the industries department said that a survey has already been carried out in the area, some 80km from the state capital. According to the survey, there are an estimated 800Mt of limestone reserves in the Saal Baag region. Ninety per cent of the reserves are said to be located on government land. The area is also well connected by ro... |
Fujian Cement denies rumored takeover, China16 November 2007, Published under Cement NewsFujian Cement Inc has denied reports that it would be acquired by Beijing-based China National Building Material Co., Ltd and Taiwan-based Taiwan Cement Corp on November 14, 2007. China National Building Material and Taiwan Cement were talking with Fujian Cement about takeover deal, with hope of expanding their businesses in the market of Fujian Province, South China. Fujian Cement declared that the company had never discussed about the aforesaid deal or authorized any person or ins... |
Union withdraws strike threat from Carib Cement16 November 2007, Published under Cement NewsA 72-hour ultimatum served by the National Workers Union was withdrawn Wednesday after the management agreed to attend a meeting on Monday. NWU Deputy Island Supervisor, Danny Roberts, says the main items on the agenda are job security and working conditions at Caribbean Cement’s Rockfort Plant. "Of dealing with questions relating to the packing plant and the heat the workers have to deal with in terms of the handling of the cement that comes out of the mill, sometimes as hot in excess of ... |
Sinoma fulfills US$170m contract in Saudi Arabia16 November 2007, Published under Cement NewsSinoma International Engineering Co, Ltd, responsible for the construction of a 5000t production line for Saudi Arabia-based cement manufacturer Riyadh Cement Company, witnessed the completion of the production line in the Riyadh Region of Saudi Arabia on November 13. Sinoma International Engineering, a listed arm of China Building Materials Construction Corporation, inked a US$70m of contract with Riyadh Cement to construct a cement production line, with a production capacity of 5000... |
Expansion boosts Cimpor volumes15 November 2007, Published under Cement NewsCimpor’s turnover increased by 17.3% to EUR1464.9m for the first nine months of the year, helped by initial contributions from Turkey and China for six months and three months respectively. The EBITDA improved more modestly by 7.7% to EUR 467.3m as margins narrowed, notably in response to higher kiln fuel costs, but also reflecting a greater contribution from downstream operations. A 9.6% increase in depreciation and provisions left the trading profit 6.9% higher at EUR 333.5m, but a... |
Holcim Gets US$195m15 November 2007, Published under Cement NewsPT Holcim Indonesia Tbk has secured US$135 million loan from Cemasco BV and US$60m from two local banks. Holcim will use the loan to refinance its US$214m debt. The management of Holcim has issued circular saying that it needs shareholders approval in a meeting on December 18. Holcim has to refinance loan facility it has signed in 2001. The company has planned to repay the debt to take optimum benefit from the positive development of the domestic cement industry. Regardi... |
Tsement to be expanded without foreign investments of RUR5bn15 November 2007, Published under Cement NewsTsement OAO (Golukhinskiy Cement Plant, Altai region) will be expanded without participation of Germany’s Heidelberg Cement, that was expected to invest up to RUR5.25bn, provided it gains control over the enterprise. Owners of Tsement, including Stroygaz, won’t sell their stocks. On November 13, 2007 head of the industry department of the regional administration Viktor Meshcheryakov said that according to the business plan of Stroygaz, RUR1.5-1.6bln will be invested in Tsement to attain annu... |