Cement News tagged under: international
Lafarge to submit proposals on construction of plant in Azerbaijan28 August 2007, Published under Cement News"In September, we will see advances in the question regarding construction of a cement plant in Azerbaijan. To date, raw cement fields in the country have been studied," Anar Ahundov, executive director for the Azerbaijan Investment Company (AIC), has said. “We still don’t know where the plant will be built,” he said, adding, proposals on the issue shall be presented by representatives at Lafarge. "It is not ruled out that it will be built in Tovuz Region. Lafarge is likely to bui... |
Jiangxi Yadong Cement’s third phase of Jiujiang project starts operation28 August 2007, Published under Cement NewsThe third phase project funded by Jiangxi Yadong Cement Co., Ltd with RMB826m, was formally completed and went into operation, according to the latest information from the company. The company’s clinker production capacity will exceed 6mt and its production capacity of various types of cement will be approximately 8mt, realizing more than RMB200M in pretax profits. Yadong Cement is the largest Taiwan-funded enterprise in Jiangxi Province, with a total investment of RMB2.8bn. The first phase ... |
Siam Cement to issue up to THB10bn bonds to refinance debt28 August 2007, Published under Cement NewsSiam Cement PCL (SCC.TH) said Monday its board has approved its plan to issue up to THB10bn of bonds to refinance part of its debts. The planned bonds will replace the existing THB10 billion of bonds that come due Nov. 1, and will be placed with existing bondholders. Including the planned bonds, Siam Cement’s total bonds will total up to THB90 billion. |
Vedanta Resources plans JV to enter cement business28 August 2007, Published under Cement NewsVedanta Resources, the London Stock Exchange-listed mining major headed by Anil Agarwal, is planning to enter the Indian cement market through a joint venture. The $7-billion metals-to-power group on Friday invited companies to build cement plants in Orissa near its thermal power facilities by using fly ash, a by-product of burning coal and a key ingredient for making cement. Vedanta said it will keep open the option to partner prospective companies in the venture. Vedanta has aske... |
Holcim in key talks over plant options, New Zealand28 August 2007, Published under Cement NewsHolcim is talking to a range of West Coast groups as part of its investigation into future plant options. The company is exploring one medium-term and two long-term options to meet demand for cement. The medium-term option is to continue with the existing Westport plant, with a capital works programme, and to import bulk cement. Long-term options are new dry- process plants at Wesport or at Weston, near Oamaru. The company confirmed at resource consent hearing in Oamaru t... |
Cement affecting house prices28 August 2007, Published under Cement NewsThe Sabah Housing and Real Estate Developers Association (Shareda) has appealed to the State Government to help check rising costs in the State’s real estate and housing development sector. President Kong Kwok Wah said the members were celebrating this year’s Shareda Nite amid some concerns, especially the sharp rise in the price of steel bars and other building materials as well as the shortage of cement in Sabah. The inconsistent supply of cement had been adversely affecting house prices... |
China likely to set up cement plant in CAR28 August 2007, Published under Cement NewsThe Central African government and China are considering to set up a cement plant in Damara, a district located at 65 km from Bangui, a source close to the Central African Mining and Energy ministry told APA Friday. The Central African Mining minister has just received 15 Chinese engineers who are on a-month exploration mission to consider seeting up a cement plant in Damara commune,” the head of Exploitation at the Mining ministry, Felix Namkoe, explained to APA Friday. “We are convinced ... |
Further margin improvement at Holcim24 August 2007, Published under Cement NewsHolcim increased its first half turnover by 19.5% to SFr13,002m (EUR7,977m) with the operating EBITDA improving by 22.3% to SFr3,324m (EUR2,039m). The trading profit rose by 24.8% to SFr2,423m ( EUR1,487m) and at the net attributable level there was a 195.1% jump to SFr2,423m (EUR1,482m), helped by the €675m capital gain in South Africa . The net debt at the end of June showed a 3.4% increase to SFr13,279m (EUR7999m) to give a gearing level of 60.3% compared with 69.7% a year earlier. Capi... |
Goldman eyes 25 per cent of Chinese cement maker24 August 2007, Published under Cement NewsGoldman Sachs is in advanced talks to take a quarter of a privately owned cement maker in east China for nearly $80m, marking the latest foreign foray into the country’s fragmented cement sector. Goldman Sachs has in principle agreed to pay CNY600m (US$79.12m) for 25 per cent of Hongshi Cement, which holds all the assets of its namesake holding company, a source said. "The two sides are working out some technical details and the final agreement could be signed before the end of the year," ... |
South Korea to send cement to flood-hit North24 August 2007, Published under Cement NewsSouth Korea will send building materials and equipment worth KRW37.4bn (US$39.7m) to North Korea to help rebuild houses and roads after floods ravaged the impoverished country this month, a minister said on Friday. North Korea and international aid agencies said the North was hit by some of its worst flooding in years that ravaged farm land, destroyed tens of thousands of homes and buildings and left extensive damage to roads and highways. Hundreds of people have been reported dead or missi... |