Cement News tagged under: international
PPC’s R4bn empowerment transaction to be completed early next year31 October 2007, Published under Cement NewsThe Pretoria Portland Cement (PPC) broad-based black economic empowerment deal, to be finalised early next year, will be worth R4 billion at current market prices. “It’s not a peanuts deal,” chief executive John Gomersall said yesterday. “It is very broad based and involves the sale of 15 percent of PPC.” He said the board had approved the principles of the structure and the likely funding of the deal. The structure will include equity ownership by employees, communities and ... |
Laos cement plant put into operation31 October 2007, Published under Cement NewsLaos has put into operation its largest cement plant in southern Khammouan province after three years of construction. The plant, with a total investment capital of US$68m, is a joint venture between Laos and China. The plant is expected to produce 500-600,000t of cement for export annually |
Contractors: Cement price hike unfair31 October 2007, Published under Cement NewsCompanies in the ready-mixed concrete construction sector are asking the government to look into monopoly cement provider Trinidad Cement Ltd’s most recent cement price hike as they believe TCL timed the hike near the general elections so trade regulators and ministers would be too preoccupied to intervene. Managing director of Coosal’s Construction, Sieunarine Persad Coosal said: "It is blatantly obvious that this increase has been timed to take effect before the general elections on Novem... |
Sub-prime crisis to extend into next two years; recession possible30 October 2007, Published under Cement NewsDespite recent Federal Reserve actions, the sub-prime crisis will adversely impact investment and public spending through 2010, leading the Portland Cement Association (PCA) to again adjust its cement consumption forecast. At his presentation at the PCA Board Meeting last week, chief economist Ed Sullivan announced that PCA now expects 2007 cement consumption to decline 6.9 per cent, followed by a 2.5 percent decline in 2008. Sullivan believes that as the economy weakens due in large part ... |
PPC CEO says sees 6-8 per cent sales growth in 200830 October 2007, Published under Cement NewsSouth African cement maker Pretoria Portland Cement (PPC) expects sales growth of 6-8 per cent this current financial year and is upbeat about prospects beyond 2010, its chief executive said on Tuesday. PPC chief executive John Gomersall told Reuters infrastructure projects planned around South Africa’s hosting of the 2010 Soccer World Cup would offset any slowdown in the residential property sector. "We have a very positive outlook beyond 2010. There are infrastructure projects ... |
Shree Cement to set up 6Mt plant in Madhya Pradesh30 October 2007, Published under Cement NewsShree Cement Ltd today signed an MoU with the Madhya Pradesh government for setting up a 6Mt cement plant at Katni at an investment of Rs 2000 crore. A company spokesman said that the a 50 MW power plant would also come up there. Shree Cement at present has a production capacity of 8Mta at its plant located in Rajasthan. On capacity addition, the total production capacity would go upto 10Mt by the year 2012. The company expects a turnover of Rs 2500 crore during the current fin... |
Semapa says Secil’s planned Angolan cement line approved30 October 2007, Published under Cement NewsSemapa SGPS said that the Angolan government has approved its initial investment of around EUR90m in a cement and clinker production line for its Secil unit’s Angolan division. Semapa said the production line will have a capacity of over 700,000tpa, which could be doubled in a later phase. The EUR90m investment includes energy production costs and infrastructures, it added. |
Dalmia to invest INR14bn to expand capacity30 October 2007, Published under Cement NewsDalmia Cement (Bharat) Ltd plans to invest INR14bn to more-than-double its capacity to 8Mt by March 2009, a senior company official said on Monday. Dalmia’s present capacity is 3.5Mt. "We are seeing a very healthy demand-growth environment," Managing Director Puneet Dalmia told an analysts conference call. Dalmia plans to raise INR9bn in debt and the remaining from internal accruals to fund the expansion plans. The company said the capacity addition will come up at its gr... |
China’s cement sales income increases in first eight months30 October 2007, Published under Cement NewsChina generated RMB239.902bn in cement sales income in the first eight months of 2007, up by 24.09% YoY, with the profits at RMB12.307bn, up by 24.09% YoY, according to the latest information by the National Development and Reform Commission. In the period, China produced 600.88Mt of cement clinker, up by 8.63% YoY, with exports of cement and cement clinker down by 3.74% to 24.04Mt and valued at US$ 811.87M, increasing by 0.01% YoY. China’s ex-factory cement price stood at RMB239.23/t in ... |
Egypt grants licences for six cement plants29 October 2007, Published under Cement NewsEgypt granted six licences on Sunday to build greenfield cement plants as part of efforts to increase domestic supply, the first to Nile Valley cement for E£251m, officials said. Local affiliates of Cemex and Lafarge also won licences to expand production by 1.5Mta. Cemex affiliate Assiut Cement bid E£202m for the licence and Lafarge affiliate Beni Suef Cement bid E£ 134.50m for a second licence. "We don’t feel it is the right way to pay for an expansion but we participated because we w... |