Cement News tagged under: international
Saudi Yamamah Cement profits from construction boom11 October 2007, Published under Cement NewsSaudi Arabia’s Yamamah Cement posted its second consecutive record profit in the third quarter after boosting output to tap the kingdom’s construction boom. Net income the three months to Sept. 30 surged 57 per cent to 228.4 million riyals ($60.91 million), compared with 145 million riyals in the year-earlier period, and beating most analysts’ expectations. "Our results are a reflection of more production and sales," Saud al-Dablan, Yamamah’s general manager at told Reuters by tele... |
German 2007 cement consumption seen down three per cent10 October 2007, Published under Cement NewsGermany’s cement consumption is expected to fall down by up to three per cent YoY in 2007, the Association of German Cement Industry (BDZ) said on October 8, 2007. BDZ still expected a slight annual increase for full 2007 at the beginning of the year. In 2006, the cement consumption advanced 5.6 per cent annually to 28.6Mt. The negative trend on the German market is expected to affect mainly smaller companies, while larger enterprises would most likely offset the weaker performance... |
Mardin Cimento plans cement grinding investment10 October 2007, Published under Cement NewsTurkish cement company Mardin Cimento said that it started the procedures to obtain approvals for a cement grinding mill investment. Mardin Cimento plans to establish the facility in the city of Sanliurfa on a land owned by the ready-mix concrete factory Sanliurfa Hazir Beton. State authorities should asses the environmental impact of the investment and then approve the project. |
Bamburi predicts cement price cuts in next three years10 October 2007, Published under Cement NewsDevelopers of commercial, industrial and residential houses in Kenya are likely to benefit from substantial cement price reduction in the next three years, going by predictions from a leading producer. Bamburi Cement managing director Michel Puchercos said improving competitiveness would be the key consideration for cement manufacturers as they brace for increased rivarly from imports. “We need to find ways to make savings of Sh1,400 to Sh2,100 for every tonne of cement we manufacture,” s... |
Work to start on US$250m expansion of Ash Grove cement plant10 October 2007, Published under Cement NewsThe Ash Grove Cement Company says it is adding a kiln that will help increase production by 70 per cent, enabling the company to produce 1.7Mt of cement a year. A subcontractor is bringing its own workers for the job. Officials say that up to 600 workers will be used on the job and that some local workers will be hired. The work is to be complete in less than two years, with core construction taking up nine months. The company says it expects the new kiln to be operating by August 2009. Th... |
Sanghi’s MP cement unit to start, finally10 October 2007, Published under Cement NewsAfter running from pillar to post for more than a year for its proposed Rs 1,000-crore cement plant in Madhya Pradesh, Hyderabad-based Sanghi Industries Ltd has been invited by the MP government to ink a deal for the project at its Indore Investors’ Meet. The company has revised its plan for investment in terms of plant capacity and it also has plans to set up a steel plant. The two-day meet will start in Indore on October 26. The makers of Lion Brand Cement, have expanded its investment... |
Nanfang Cement Company to Construct 2Mta plant10 October 2007, Published under Cement NewsHunan Nanfang Cement Company signed a letter of intent with the You County Government of Zhuzhou City in Hunan Province for a dry-process cement plant. With a total investment of RMB550m, the project is designed with a 5000tpd new dry-process cement production line and a low-temperature waste heat power generation subproject. According to the agreement, construction on the project is expected to begin within 2007 and be completed in 2008. Upon completion of the construction, the plant will... |
Ibeto to Commence Cement Production in Ebonyi, Nigeria10 October 2007, Published under Cement NewsManaging Director, Ibeto group of Companies, makers of Ibeto Cement and Chairman of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Sir Cletus Ibeto, has said he is setting up a factory that will produce cement from Limestone in Ebonyi State. According to him, though the business was capital-intensive, he has already done feasibility studies, which shows that the raw materials for the production was abundant enough that they can supply other African countries. He sa... |
China’s Sinoma wins EUR121.8m in Hungary contracts from Holcim10 October 2007, Published under Cement NewsSinoma International Engineering Co Ltd said its unit Sinoma Construction Co Ltd has won cement production line contracts for Holcim (Hungaria) Co Ltd in Hungary, worth a combined EUR121.8m. In a statement filed with Shanghai Stock Exchange, the company said another unit, Sinoma (Suzhou) Construction Co Ltd, has signed contracts worth CNY325m to build cement production lines for Guizhou Wujiang Cement Co Ltd. Another unit, Sinoma (Handan) Construction Co Ltd has also signed contracts with ... |
MRTPC scanner on cement price hikes, India10 October 2007, Published under Cement NewsCement makers may no longer be able to pass on the responsibility for fluctuating prices to their dealers. The Monopolies and Restrictive Trade Practices Commission (MRTPC) is all set to expand the scope of investigation and ask cement companies to furnish invoices and other evidence to prove their claim that they did not have any say on the price charged from consumers by their dealers. The commission will now look into how much influence companies have on the final price that dealers ... |