Cement News tagged under: international
Malaysia’s YTL Cement looks to expand in China and Vietnam07 November 2007, Published under Cement NewsYTL Cement Bhd is looking at expanding in countries like China and Vietnam. Managing director Tan Sri Francis Yeoh said the company was in talks with potential parties in Vietnam but it was still too early to announce anything. “The group already has a presence in Vietnam. We are already providing power services in the country and hope to strengthen our presence in that country. “A lot of Vietnamese companies have expressed interest to work with us,” he told StarBiz after the company E... |
Dyckerhoff to increase Ukrainian capacity06 November 2007, Published under Cement NewsIn the first nine months 2007, the Buzzi Unicem subsidiary Dyckerhoff increased cement shipments by 11.7% in Eastern Europe and by 10.0% in Western Europe. Although its share of the US associate declined by 8.8%, total cement volumes did improve by 6.0% to 13.4Mt. Turnover increased by 26.7% to EUR1,315m and the EBITDA rose by 25.8% to EUR 356m, while the net profit jumped by 74.8% to EUR 180m. Capital expenditure was ahead by 111% to €131m, but the net debt was a modest EUR 41m, ... |
Ambuja Cement October production up 4.8 per cent06 November 2007, Published under Cement NewsAmbuja Cement has clocked a 4.8 per cent growth in production in October this year at 15.11-lakh tonnes compared to 14.42-lakh tonnes in the year-ago period. Cement despatch in October this year also increased by 3.6 per cent at 14.79-lakh tonnes as against 14.27-lakh tonnes in the year-ago period, a company release said here on Monday. For the January-October period this year, the company has clocked a 2.7 per cent increase in its production at 140.16-lakh tonnes as against 136.47-lakh to... |
China extends Belarus $500m credit to modernise06 November 2007, Published under Cement NewsBelarus signed an agreement on Monday under which China’s Eximbank is to offer a credit of US$500m to modernise cement companies, President Alexander Lukashenko’s press office said. The deal was signed during a visit to the ex-Soviet state by Chinese Prime Minister Wen Jiabao. A Belarussian spokesman said the accord set down terms of repayment, but gave no details. Projects linked to the credit would be announced subsequently. Another deal signed during the visit provides for ... |
Burnpur Cement to invest Rs10k cr over the next seven years06 November 2007, Published under Cement NewsAsansol-based cement maker Burnpur Cement has drawn up plans to invest Rs 10,000 crore over the next 7-8 years. The company plans to increase cement grinding capacity from the current 0.3Mta to 10Mta, foray into steel manufacturing and real-estate business. Announcing this at a press meet here on Monday, Burnpur Cement’s vice-chairman and managing director Ashok Gut-gutia said the group may undertake diversification activities through separate companies. "The idea is to expand into rela... |
Universal Cement mulls allying with Taiwan Cement to tap Mainland China market06 November 2007, Published under Cement NewsUniversal Cement Corp., one of Taiwan’s listed cement firms, has recently resolved to speed up investments in mainland China. The company currently has a production base in Longmen of Huizhou of Guangdong Province. It is expected the Huizhou Development Zone will demand 12 million metric tons of cement in the five years to come. Universal president Lee Kuo-tung said his company is now building a second kiln in the Longmen plant which is expected to be completed in 2010. With the ad... |
China cement output growth falls05 November 2007, Published under Cement NewsGrowth of China’s cement output has shown a downward trend and has presented three features in the first nine months of this year, sources of the National Development and Reform Commission (NDRC) disclosed. The monthly growth of cement output has fluctuated sharply. The highest growth was reported in May, 20.7 percent; and the lowest growth was reported in March, only 2.6 per cent. The YoY growth is basically stable. Except a 23.8 per cent accumulative growth in January-February, t... |
Sri Lanka facing a cement crisis05 November 2007, Published under Cement NewsSri Lanka has been facing a serious cement shortage crisis since late September. Some cement suppliers didn’t receive their cement shipments on time due to several reasons. The reasons given are that damage due to a loading port in Padang, Indonesia from the recent tsunami caused loading delays and manufacturers have been rationing the supply due to excessive demand, and also the Ramazan fasting period in Muslim-majority Inonesia slowed down work at the loading ports further aggravating the... |
AIC to take a 10 per cent stake in cement Holcim project, Azerbaijan05 November 2007, Published under Cement NewsHolcim, EBRD and Azerbaijan Investment Company (AIC) have finalised negotiations on construction of a new cement plant in Azerbaijan. Azerbaijan’s Economic Development Minister Heydar Babayev said EBRD and AIC already signed a participation deal which will soon be joined by Holcim. "AIC was ready to get more than 10% in Garadagh Cement, but Holcim restricted AIC with 10% equity stake. So, AIC will take a 10% stake in this project," Babayev said, adding that project approval is expect... |
SC puts on hold Lafarge’s plea to ferry limestone, India05 November 2007, Published under Cement NewsThe Supreme Court today refrained from granting Lafarge’s plea to allow transporting limestone from its mines in Meghalaya to the company’s plant in Bangladesh. A special bench headed by Chief Justice KG Balakrishnan asked the multinational to make a representation to the court-appointed amicus curie Harish Salve, who will examine the issue and submit his opinion on November 16, the next date of hearing. Lafarge had challenged the order of Ministry of Environment and Forests issued... |