Cement News tagged under: international
CNBM to ramp up cement production29 August 2007, Published under Cement NewsChina National Building Material (CNBM) said it would quadruple its annual production capacity to 100Mt by early 2009 through the newly announced joint venture Nanfang Cement, plus other acquisitions. Nanfang, a Rmb10bn investment, of which CNBM is in for a 75% stake, is designed to strengthen the new company’s business in the provinces around Shanghai. The joint venture will offer annual production capacity of 53Mt when established. CNBM currently has production capacity of 24Mt o... |
Imported cement may not be cheaper?29 August 2007, Published under Cement NewsEven with two Pakistani cement companies having obtained Bureau of Indian Standards (BIS) certification to export to India, prices in northern parts of Pakistan have jumped by Rs20 to Rs 215 per 50kg bag. “The prices in northern areas of Pakistan, including Punjab, have risen to Rs 215 from Rs 195 last week after BIS issued certificates to two cement majors in Pakistan,” said a dealer, who is negotiating with a Pakistani firm for cement import.? Dealers in India are not too optimistic about... |
China’s cement output increases in first seven months29 August 2007, Published under Cement NewsChina’s total cement output reached 735.1883Mt in the first seven months of 2007, up 15.41% YoY, according to the latest information from the China Cement Association. Shandong, Jiangsu, Zhejiang, Guangdong, Hebei, Henan, Sichuan, Hubei, Hunan and Anhui Provinces ranked first to tenth in that order in terms of the highest cement output in the period. Tianjin Municipality, Qinghai Province and Tibet Autonomous Region took the last three positions with the lowest cement output. Shanghai Mun... |
Cement Australia warns price wars will hurt the industry29 August 2007, Published under Cement NewsA decision by Wagner Group to build a $125m cement-grinding plant at Pinkenba in Brisbane’s outer northeast, has the potential to badly destabilise the market, in the view of Queensland’s biggest cement maker. The Toowoomba-based diversified concrete and quarrying company plans an annual capacity of some 530,000t and it has scheduled a second-hand plant – which industry sources suggest it has secured from Germany – to be operating "in the second half of next year". But Cement Australia chi... |
YTL Cement to buy Jin Yuan Cement Co of China29 August 2007, Published under Cement NewsMalaysia’s YTL Cement Bhd Tuesday said it has agreed to buy the entire equity of China’s Jin Yuan Cement Co Ltd for CNY150m. "The proposed acquisition will facilitate the growth of YTL Cement’s operations into the vast China markets, well in line with the company’s expansion strategy," YTL Cement Managing Director Francis Yeoh said in a statement. Jin Yuan, tthe largest cement manufacturer in Lin’an with a market share of 60%, owns cement and clinker production with annual capacit... |
Cimpor: Spanish turnover exceeds that of Portugal28 August 2007, Published under Cement NewsCimpor increased its first half turnover by 13.3% to EUR934.0m. Higher operating costs, notably an increase of more than 30% in kiln fuel costs, led to a narrowing of margins from 33.9% to 31.8%, but the EBITDA still improved by 6.3% to EUR 297.0m. Lower depreciation and provisions did lead to an increase in the trading profit (EBIT) of 10.5% to EUR 215.5m but a more than doubling of the interest charge as a result of the expansion into Turkey virtually eliminated the increase at h... |
MCA reserves cement price-hike verdict28 August 2007, Published under Cement NewsThe Monopoly Control Authority (MCA) reserved judgement in the cement price hike case after recording statements of the stakeholders. The authority had summoned the chief executives of cement producing companies and stakeholders for the continued hearing into the case at MA camp office Karachi on August 21-22. The authority recorded statements of Wali Bhai Patel, President Karachi Cement Dealers Action Committee (KCDAC), Javed Ali Khan Chief Executive Pioneer Cement Ltd, MA Jamil, Chief Ex... |
Ohorongo Cement Company established, Namibia28 August 2007, Published under Cement NewsGerman company Schwenk (Pty) Limited has joined forces with a local entity known as the Namibia Investor Group to set up a new manufacturing firm, Ohorongo Cement Company. Ohorongo intends to invest N$1.2bn by setting up a cement factory near Tsumeb and an import/ export terminal with a grinding plant at Walvis Bay. The company was recently awarded an Exclusive Prospecting Licence (EPL) by the Ministry of Mines and Energy, and evaluation is currently in progress before construction... |
National Cement to open new factory in Dire Dawa28 August 2007, Published under Cement NewsNational Cement SC, formerly Dire Dawa Cement SC, is to construct a new cement plant in Dire Dawa at a project cost of 700 million Br. With East Africa Group Plc, possessing 80pc of the company’s shares, it was re-established in November 2005 as a joint venture with the Privatisation and Public Enterprises Supervisory Agency (PPESA), the latter commanding the remaining 20pc of the shares. The Dire Dawa Provisional Administration has granted 40hct of land to the company and the latte... |
Cement Hranice raises profit by Kc103m YoY to Kc763m in 200628 August 2007, Published under Cement NewsCzech company Cement Hranice netted an audited Kc763.1m in 2006, Kc103m more than in 2005, and its sales rose from Kc1.5bn to Kc1.7bn, CTK has learned from the company’s annual report. "Thanks to the boom in the construction industry we sold 16 percent more cement than the year before," board of directors chairman Jaromir Chmela says in the annual report. The bottom line was affected by rising costs of services and material but the effect was more than offset by steadily decreasing... |