Cement News tagged under: international
Unique oil-well cement tester gets patent01 October 2007, Published under Cement NewsA device that could measure the expansion or contraction of cement would have a concrete payoff for Saudi Aramco. Science specialist Scott S. Jennings of EXPEC Advanced Research Center designed just such a device -- the Cement Shrinkage and Expansion Tester -- as a way to measure those effects. It is so unique that it was patented by the company and adopted by oil majors around the globe. A standard mix of Class G cement shrinks two per cent after it sets. In wells where high pressure is a ... |
Texas Industries first quarter volumes down28 September 2007, Published under Cement NewsTexas Industries’ turnover in the first quarter to the end of August declined by 3.0% to US$263.45m. The results were further negatively affected by maintenance work being carried out at both the Texas cement plants during the period, but had been done during the following quarter in the previous year, reducing the pre-tax profit by approximately US$15.5m. In California, the reduced operational efficiency and the reduced output of the old cement plant had a negative effect on the pre-tax... |
Semen Gresik to expand using internal cash28 September 2007, Published under Cement NewsPT Semen Gresik Tbk will use internal cash reserve to expand the facilities next year with the investment of US$250m - US$300m. Semen Gresik’s Vice President Director Rudiantara said the total investment for cement facility and power plant will reach US$1.3bn - US$1.5bn. The company will need only 25% for next year. "We have not decided how to get the US$250m - US$300m loan and we have not surrendered yet," he told the press yesterday. He said the company owns internal cash of... |
Vorotantim invests US$450mil in Florida, after the cement market28 September 2007, Published under Cement NewsVotorantim Cimentos has wrapped up the acquisition of the concrete company Prestige in Florida (US) for US$200m and begun the construction of a new cement plant at Sumter, a US$250m project to be completed by mid-2009. Both moves involve US$450m investments and aim at reinforcing the position of Votorantim in this American state where it already boasts a 25% share. It is also is part of a strategy to secure the company a 30% - 35% of the income from external operations, comments president ... |
1Mta Shuangma Cement project starts production28 September 2007, Published under Cement NewsThe first phase cement project with annual output capacity of 1Mt of Shuangma Cement Factory in Gongxian of Sichuan Province, southwest China, which was acquired by Lafarge Shui On, started production on Sept. 26. Lafarge now has total annual cement production capacity of 5.5Mt in Sichuan Province after successful acquisition of the Sichuan Shuangma Investment Group in July. Its first cement production line in Sichuan was built in Dujiangyan in 1999, with annual capacity of 1.5Mt. |
Belarus, China negotiating investment for cement production upgrade28 September 2007, Published under Cement NewsBelarus is currently in talks with China over drawing investments for upgrading Belarusian cement plants, Alexander Pankevich of Belarus’ Ministry for Architecture and Construction told reporters. “At the moment, a ministerial delegation is on a visit to China negotiating the prospects of channeling Chinese investments in retooling projects at Belarusian cement-producing companies, and the terms of machinery supply,” said Pankevich, who is head of the Department for science and technol... |
Construction industry braces for cement shortage, Jamaica28 September 2007, Published under Cement NewsDespite desperate attempts by the Government to prevent a wide scale shortage of cement the local building industry is bracing for disruptions come next month. President of the Incorporated Masterbuilders Association of Jamaica, Michael Archer, says plans to import increased supplies of cement over the next three weeks will not be enough to sustain construction activity. He says the expected imports might not be enough to satisfy the high demand. And a Jamaican delegation, including Comme... |
China National Building unit inks four China deals27 September 2007, Published under Cement NewsChina National Building Material Co Ltd (CNBM) said 75 per cent-owned unit Nanfang Cement Co Ltd has signed four separate deals that will eventually help the group expand its cement and clinker production in the mainland through joint ventures and acquisitions. Under the first agreement, Nanfang Cement agreed to contribute CNY500m out of the CNY1bn registered capital of Nanfang Wannianqing Cement Co Ltd, which will be engaged in the manufacture, sale, research and development of cement a... |
Jamaica announces reduction in import taxes on cement27 September 2007, Published under Cement NewsThe Jamaica government has announced an 80 per cent reduction in the taxes paid by importers of cement as the island seeks to deal with a shortage. Industry Minister Karl Samuda told reporters that the reduction of the tax is geared towards filling the current demand for cement, estimated at nearly 95,000t. "I made representation to the Cabinet, and the Cabinet agreed to our proposal and the Port Authority of Jamaica concurred with the wishes to reduce the cess from US$5-$1 which I understa... |
Indonesia’s Gresik first half profit up 9.5 per cent27 September 2007, Published under Cement NewsIndonesia’s largest cement maker Semen Gresik said Thursday its first-half net profit rose 9.5 per cent to IDR700bn (US$76.5bn) from a year earlier, on higher sales and better cost efficiencies. Company president Dwi Soetjipto told reporters sales in the first half of 2007 rose 8.31 per cent to 4.43 trillion from a year earlier. Semen Gresik owns two main cement units, Semen Padang in West Sumatra province and Semen Tonasa on Sulawesi island. Soetjipto said Semen Gresik, as th... |