Cement News tagged under: international
Cement price may pick up due to higher costs: ACC05 September 2007, Published under Cement NewsSumit Banerjee, MD of ACC said they have not seen cement demand drop during the monsoon and the realisation has been stable. Though, he says there is a possibility of price pick up due to higher cost. ACC will improve despatches by 15-17% (MoM) in September due to expansion. He said that prices are more or less stable throughout India. ACC is looking at a capacity of 22Mt by 2008-end. A large capacity addition is likely only by 2009-end. Below are excerpts from CNBC-TV18’s interview with ... |
Cement shortage grounds Sabah’s building industry, Malaysia05 September 2007, Published under Cement NewsSabah’s booming construction industry has ground to a slowdown, as the six months- long cement shortage remains unresolved. Hopes that Cement Industries of Sabah Sdn Bhd (CIS) would ensure supply by last month seemed to have been dashed. The state’s construction industry has now called for the state government to intervene and resolve the matter. "This is a serious delay that is forcing worksites to shut down as there is no cement to carry out any work," Sabah Contractors Consortium c... |
Private equity puts down foundations04 September 2007, Published under Cement NewsThe recent spate of news stories on private equity funding, and some growing unease about their sometimes, rather secretive, methods of doing business, prompts us to look at their activities in the building materials and cement sectors. Certainly HeidelbergCement’s recent generous valuation of Hanson was probably (well at least in part) influenced by the high prices being paid by private equity investors, especially for operations generating good cash flows that make it easier to support hi... |
Readymix sells part of business for EUR49m04 September 2007, Published under Cement NewsIrish cement maker Readymix today said it has sold selective parts of its precast concrete products business to construction materials manufacturer Acheson and Glover Ltd for EUR49m in cash. Readymix said the business reported a turnover of EUR 55.8m and an EBITDA of EUR 7.4m for the year ended December 2006. The disposal provides an ’excellent’ development platform from which to invest in our core businesses, Readymix said in a statement. |
BazelCement inaugurates restored Achinsk cement plant04 September 2007, Published under Cement NewsBazelCement inaugurated Achinsk Cement Plant, which has been idle since 2000. The plant’s equipment survived and in April 2007 BazelCement started restoring the facility. These efforts required over $13mln worth of investments. One of the production lines has already been renewed, and two more lines may be launched within a year. Now, the facility is able to produce around 700,000 tonnes of cement per year (grades 400 DO and 500 DO). Gradually, the plant will reach the design capacity of 2.1... |
Mugher Earns 409mln Birr in Gross Profit, Ethiopia04 September 2007, Published under Cement NewsMugher Cement Enterprise, the state-owned cement producing giant in the country, secured over 409 million birr in gross profit in the 2006/2007 fiscal year, Enterprise General Manager Tefera Abebe said. The profit the enterprise earned in the fiscal year exceeded what the company grossed the previous year by 17 per cent, according to the manager. During the 2006/2007 fiscal year, the enterprise produced 817,000t of cement, thereby meeting 97 per cent of its target. The enterpr... |
Construction starts on Jiangxi Jinxi 5,000tpd line04 September 2007, Published under Cement NewsThe Jiangxi Provincial Economic and Trade Commission and the Provincial Environmental Protection Bureau approved the second phase of the new dry cement clinker production line of Jiangxi Jinxi Cement Co., Ltd, according to the latest information released by the Commission. Construction on the project fully started in August 2007 and is expected to be completed in June 2008. With a total investment of RMB360M, the project will increase the company’s cement output to 3mt and its fixed assets t... |
ACC August cement production rises 20.3%04 September 2007, Published under Cement NewsIndia’s ACC cement production increased to 1.6Mt in August compared to 1.33Mt in the same month last year. Despatches for the month rose to 1.57Mt from 1.37Mt in the previous year. In January to August period, production rose to 13.44Mt from last year’s 12.48Mt and despatches increased to 13.42Mt from 12.46Mt for the said period. Meanwhile, Aditya Birla Group’s Cement production for the period April-August ’07 has moved up by 7.32% at 128.02 lac mt as against 119.29 lac mt during April-Aug... |
CNBM contracted for first cement production Line in Saudi Arabia04 September 2007, Published under Cement NewsThe Najran cement clinker production line contracted by China National Building Material Group Corporation (CNBM) in Saudi Arabia recently went into trial operation, according to the latest information from the Economic & Commercial Counselor’s Office of the Embassy of the People’s Republic of China in the Kingdom of Saudi Arabia. The Hefei Research & Design Institute under CNBM was in charge of constructing the production line. The line has a daily designed production capacity of 6,000t of... |
Investors waiting for regulators to cement Anhui deal04 September 2007, Published under Cement NewsMorgan Stanley Private Equity Asia and the International Finance Corp. (IFC) are waiting for the necessary seals of approval from various departments in order to take up a joint 14.3% stake in Anhui Conch Cement Company Limited (‘Anhui Conch’), according to a statement from the latter. The transaction, if materialised, would represent a deployment of US$200 million from foreign investors to Anhui Conch and would be one of the largest commitments in China’s cement industry. Although both inve... |