Cement News tagged under: international
Nine banks to partially fund Orascom cement factory11 September 2007, Published under Cement NewsWith the Orascom Group to construct a new white and grey cement factory in Mascara (west of Algeria) estimated at US$538.5m, the project is to be partially funded by nine private and state-owned banks which signed yesterday a convention with the group. The signature ceremony took place at Sofitel Hotel in Algiers. It was attended by Orascom Algerian Cement Company OACC Mr. Ayman Anis as well as CEOs of CPA, BNA, CNEP, BADR, and BDL, for the state-owned banks, and CEOs of CITY Bank, Société ... |
Bamburi faces petition in cement shortage row11 September 2007, Published under Cement NewsKenya Airports Authority’s announcement that cement supply shortage is to blame for delay in completion of phase one of the Jomo Kenyatta International Airport in Nairobi has kicked off a major falling out in the cement industry with one player revealing plans to file a historic anti-trust petition against its rival. Athi River Mining, the smallest but growing cement manufacturer by market share, says it is preparing to engage the Commissioner of Monopolies over unfair practices by mark... |
DIC, Hung Vuong companies to build US$50m cement factory in north11 September 2007, Published under Cement NewsThe listed DIC Investment and Trading Joint Stock Company and Hung Vuong Development Ltd. Co have recently agreed to jointly invest VND800bn ($50m) to construct a cement factory in northern province of Phu Tho. The agreement was made during DIC shareholder meeting on July 27, 2007. The facility, named Huu Nghi 2 in the province’s Thanh Thuy district, is expected to produce 2,500 tons of clinker or one million tons of cement each day. DIC also plans to set up a joint stock comp... |
Eurocement to invest in Voronezh Region11 September 2007, Published under Cement NewsEurocement Group, the largest cement producer in Russia, intends to build a new plant on the site of the Podgorenskiy Cementnik factory (Voronezh Region, central Russia), with an annual capacity of 2.4Mt of cement. Construction is to be launched in early 2008 and completed in 2010. The Russian cement holding has reportedly already signed a contract with FLSmidth Ltd. for equipment supplies. BNP Paribas will act as a financial partner of the project under guarantees of the Danish export c... |
Construction Begins on Gezhouba’s 4,800t/d Cement Clinker Production Line11 September 2007, Published under Cement NewsOn September 9th, construction began on the 4800tpd cement clinker production line jointly funded by Gezhouba Co, Ltd and Hubei Jinggong Cement Co, Ltd in Jingmen City. The project will adopt dry cement production technology. Upon completion of the project, it will have an annual production capacity of 2Mt of cement. |
Cement shortage to end soon, Malaysia10 September 2007, Published under Cement NewsSome parts of the Malaysian construction industry, crippled by the recent shortage of cement in the market, has been assured that supply will return to normal within a month. The assurance came from cement manufacturers during a closed-door meeting chaired by Domestic Trade and Consumer Affairs Minister Datuk Mohd Shafie Apdal with manufacturers, contractors, developers and building materials suppliers recently. Also present were officials from the International Trade and Industry ... |
Azerbaijan and Lafarge still fail to agree on new plant10 September 2007, Published under Cement NewsThe Azerbaijan Government and Lafarge cannot reach agreement on the location to construct a new cement plant, Economic Development Minister of Azerbaijan Heydar Babayev said. "We have been in negotiations to define the location. We are planning to build a second plant outside Baky, but the French company insists on constructing the plant in Garadag District " In parallel, study of perspective areas in Garadag is continuing to ensure production over the next 10-15 years envisaged by... |
Yemen cement plant seeks 40,000t S.Africa coal10 September 2007, Published under Cement NewsA newly-built cement plant in Yemen is seeking 40,000-50,000t cargoes of South African coal for delivery into the port of Aden, a source close to the company said. The cement plant is due to begin operations in September, the source said on the sidelines of a Coaltrans conference in Johannesburg. South African coal producers and traders told Reuters on Thursday that September-loading coal cargoes are extremely scarce. They said they would want $61.50-$62.00 a tonne FOB for September... |
Another cement plant likely in Himachal Pradesh, India10 September 2007, Published under Cement NewsThe industry department in Himachal Pradesh (HP) has started conducting initial surveys for exploring the possibilities of setting up a cement plant in Sunni area of Shimla district. Sources in the department revealed that a multinational company has shown interest in starting a cement plant here and has even submitted and application to the government. The government has already given permission for two cement plants in the area. Lafarge is to start up a plant at Alsindi in Mandi district,... |
FG may open borders for bagged cement, Nigeria10 September 2007, Published under Cement NewsThe Federal Government of Nigeria has lamented the high price of cement in the country, warning that it may be forced to open the borders for bagged cement to come in unless stakeholders in the sector find an immediate solution to the problem. President Umaru Musa Yar’Adua, who spoke through the Minister of Commerce and Industry, Chief Charles Ugwu stated that his administration would no longer tolerate the situation whereby Nigerians continue to complain about the high cement prices, i... |