Cement News tagged under: international
Egypt shortlists 24 firms to build cement plants05 October 2007, Published under Cement NewsEgypt shortlisted 24 firms on Thursday to bid for 14 licences to build new cement factories or expand existing operations as part of efforts to increase domestic supply, a government statement said. An auction for the licences will be held on Oct. 28, the statement said. Eight of the licences are to build new factories while the remainder are to expand existing cement operations. The statement said the bidding firms were primarily Egyptian but one official said they also included companies... |
Pakistan cement sector profit falls to Rs 5.3 billion05 October 2007, Published under Cement NewsThe combined profit of cement sector (16 companies representing 92 percent, 88 percent and 86 percent of the listed sector’s market capitalisation, dispatch volumes and capacity levels, respectively) has declined by 56 percent to Rs 5.3 billion in FY07 as compared to Rs 12.3 billion in FY06. Leading the profitability track with wide margins, Lucky Cement alone took target slice of 47.7 percent of FY07 profitability. DG Khan Cement with 30.4 percent, Attock Cement 14.9 percent, Fauji Cement ... |
Strong Q2 in store for cement firms ; Cement companies are likely to post robust growth in sales..05 October 2007, Published under Cement NewsIndian cement companies are likely to post robust growth in sales and profit figures for the second quarter of the financial year, according to analysts. Institutional equity research company Religare has pegged the growth in sales for the period at 27 per cent and 47.5 per cent growth in net profit as a result of higher capacity utilisation, commissioning of new capacities and a 10-20 per cent rise in prices. Operating profits too are projected to grow at 42.4 per cent. Religare expects A... |
Indonesia’s Semen Bosowa to launch IPO05 October 2007, Published under Cement NewsCement maker PT Semen Bosowa in South Sulawesi said it will launch an initial public offering (IPO) early next year to raise Rp600 billion (US$66.5 million). The fund from the share sale on the Jakarta Stock Exchange will be used to build a cement factory in Java, its Vice President Erwin Aksa said. Erwin said the process toward IPO is in progress including repayment of a Rp500 billion debt to Bank Mandiri and Bank Negara Indonesia. The company wants to settle the debt to the two state ba... |
New cement plant to be commissioned by middle of next year05 October 2007, Published under Cement NewsA new Indian cement plant with a capacity of 600 tons per day will be commissioned. Minister of State for Industries and PHE Dr Romesh Chander Sharma visited Khrew Pulwama Wednesday and took stock of pace of construction work of new Cement Plant. The project was started on April 2006 at a cost of Rs 87.50 crore out of which Rs 46.04 crore have been spent so far, the minister, according to an official statement, was informed. He was also informed that with the completion of the project in... |
In October Lafarge specialists will visit Azerbaijan to discuss field for cement factory05 October 2007, Published under Cement NewsAzerbaijan continues negotiations with French Lafarge Company to construct in Azerbaijan cement factory. Anar Akhundov, Azerbaijan Investment Company (AIC) Chief Executive, reported that next discussion to determine the field will be held in the nearest time. “In October we expect visit of Lafarge specialists. During the visit we will discuss potential fields for construction of the factory,” A.Akhundov noted. Earlier Azerbaijan offered to Lafarge a field in Garadagh region or Gobustan re... |
Building a township finds place in Jai Balaji`s mega project05 October 2007, Published under Cement NewsSteel maker Jai Balaji Industries plans to build an integrated township at Raghunathpur, dist. Purulia, West Bengal, reports Business Standard. The township will be spread across an area of 500-600 acres and will be a part of the 4000-acre plot where the company is erecting an integrated steel plant, cement plant and a captive power plant at cost of Rs 160 billion. The steel plant, cement plant and the power plant will have capacities of 5 million tons per annum, 3 m... |
Holcim focuses on Ambuja shares04 October 2007, Published under Cement NewsHolcim is consolidating its hold over Ambuja Cements. It recently announced an open offer to acquire an additional 20 per cent stake from minority shareholders. If it does manage to garner the full amount, it will take its shareholding in the company to over 56 per cent from the current level of 36.25 per cent. Holcim has already approved an outlay of 3.4 billion Swiss francs (Rs 11,600 crore) to organically increase its capacity worldwide by 25Mt by 2010. The bulk of this growth will come... |
Vietnam: cement plant being built in Nghe An04 October 2007, Published under Cement NewsThe Do Luong Cement Plant is being built at a cost of VND1.47 trillion (US$92m) in Bai Son commune, Do Luong District, Nghe An Province. The plant will have a capacity to process 2500 tonnes of clinker per day and produce 900,000 tonnes of cement per year when it becomes operational in 2009 - reports Vietnamese news service. |
Lafarge Group Expands in Sichuan04 October 2007, Published under Cement NewsLafarge plans to further expand in the southwestern Chinese province of Sichuan where it is capable of producing 5.5Mt of cement per year in Sichuan, after successfully acquiring Sichuan Shuangma Cement Co in July 2007. In addition, Lafarge Shui On Cement Limited, a subsidiary of Lafarge Group, totally invested CNY 357 million in acquisition of the Shuangma cement factory previously. Presently, the factory has already put the first-phase project into production, gaining an annual cement pro... |