Cement News tagged under: international
Gresik needs US$1.2bn for expansion21 September 2007, Published under Cement NewsThe country’s largest cement maker PT Semen Gresik (SMGR) and its financial advisor JP Morgan are considering options to raise US$1.2 billion in fund to finance business expansion until 2011. SMGR President Dwi Soetjipto said the state company need the fund to build strategic projects including new cement factories and power plants to increase its production capacity. Dwi said SMGR hopes to increase its total production capacity, including subsidiaries PT Semen Padang and PT Se... |
Nalco taps private firms for fly ash cement project21 September 2007, Published under Cement NewsFirst it was Vedanta Resources and now state-owned Nalco took a step in this direction exploring options for a cement company. Bhubaneshwar-based Nalco, Asia’s largest alumina company, recently met eight cement players to discuss ways of utilising its fly ash, a byproduct of thermal power generation. Fly ash, which is recovered from gases created by coal-fired power plants, is a cheaper replacement for portland cement that is used in concrete. Last month, the $7-billion Vedanta had... |
South Africa forecast21 September 2007, Published under Cement NewsEstimates are that southern Africa will need about 24Mt of cement a year by 2014. Question is whether local cement industry can deliver. Projected demand derives from the average economic forecasts of leading banks and economists and significant infrastructure development with the government targeting 4,5%-6% gross domestic product (GDP) growth a year and gross fixed-capital formation of 25% of GDP by 2014. Analysts estimate the Gautrain project alone will consume 400000 tons of ce... |
Concerns arise over cement supply21 September 2007, Published under Cement NewsHardware merchants are growing uneasy with the reported production problems at Carib Cement Company, fearing a repeat of last year when construction was shut down islandwide resulting in millions of dollars in losses. "We want to be assured that anything similar to the events of 2006 are not recurring at this time," said Errol Salkey, president of the Hardware Merchants Association (HMA). He said members of his association were calling on the Caribbean Cement Company to explain to the publ... |
Eurocement Group to build cement plant in Ulyanovsk Region20 September 2007, Published under Cement NewsUnder an agreement signed by the Eurocement Group with the Ulyanovsk regional government, a dry cement production line, with an annual capacity of 2.4Mt of cement, is to be built in the Ulyanovsk Region. The construction project is estimated at 15 billion roubles ($596m). The holding company has been cooperating with the region ever since the Ulyanovskcement company was incorporated into it in 2005. Over the past two years Ulyanovskcement output rose by more than 60%. In 2006, Ulyanovs... |
Binani Cements Ltd to double production20 September 2007, Published under Cement NewsBinani Cements Ltd, the flagship company of Binani Industries Ltd, plans to nearly double production over the next three to four years by expanding current capacity and developing new projects in Gujarat and Orissa, the company’s deputy managing director said. India’s cement sector is growing at breakneck speed, spurred by a rapid expansion in infrastructure projects as the country builds more bridges, airports and roads to fuel double-digit economic growth. The cement sector is ex... |
Ibeto Cement Factory Commences Production, Nigeria20 September 2007, Published under Cement NewsThe N12bn Ibeto Cement Factory in Port Harcourt, Rivers State, yesterday took delivery of 35,000t of bulk cement (about 1,750 bags) to hit the market today after over two years of closure ordered by former President Olusegun Obasanjo. The consignment, which came on board a 53,000 deadweight vessel, MV Medi Osaka from Indonesia, was seen at the discharging bay of the company at Bundu Ama Jetty, while Chief Executive of the Ibeto Group of Companies, Mr Cletus Madubugwu Ibeto assured that ... |
Indocement to raise production capacity to 20Mt by 200920 September 2007, Published under Cement NewsTo help meet rising local demand, publicly listed cement producer PT Indocement Tunggal Prakarsa is set to gradually increase its production capacity to 20Mta by 2009 by expanding the capacity of its existing plant in Citeureup, West Java. Indocement, one of the country’s top three cement producers, currently operates three plants with a total capacity of 15 million tons. The company’s plant in Citeureup has a capacity of 10Mta, while the other plants, one in Palimanan, West Java, ... |
Cement prices up in Maharashtra, India20 September 2007, Published under Cement NewsCement manufacturers in Maharashtra have increased the price by Rs 3 a bag of 50kg in the second rate revision during the last three months. "Major manufacturers in the state have hiked the prices for bulk consumers who procure directly from them," an industry official told PTI. The prices have been revised to Rs 241 a bag from Rs 238 in Mumbai, he said. However, retail prices, which are ruling much higher at Rs 265 per bag, have not been increased. There is a wide gap be... |
Brazil cement sector reviews forecast after record month20 September 2007, Published under Cement NewsThe Brazilian industry of cement recorded in August its best monthly results in 54 years of survey performed by the National Cement Industry Syndicate (Snic), with sales of 4.25Mt to the domestic market. Based on that, the entity already considers unreal its initial forecast that sales in the sector would rise between 5% and 6% in 2007, and it will increase the projection for this year. |