Cement News tagged under: international
Cement run-away prices, Zambia22 August 2007, Published under Cement NewsThe government is working out ways to how best address the escalating price of Cement on the local market. Commerce Permanent Secretary, Davidson Chilipamushi said the government is aware that the price of cement is now as high as K70,000 per 50kg. Mr Chilipamushi said the increase in the price of cement is due to the shortage of the commodity. He said retailers have taken advantage of the shortage and are hiking the price. |
Lift import curbs to boost building industry: MBAM22 August 2007, Published under Cement NewsMaster Builders Association of Malaysia (MBAM) is confident that the construction sector can maintain positive growth if import restrictions on cement and steel bars are lifted. Association president Patrick Wong said if contractors are free to import cheaper cement and steel bar from abroad, they would have better control on costs and are able to deliver projects in a timely manner. The construction industry had shrunk continuously for three years since 2004 as the Government scal... |
Vietnamese company builds cement factory in Cambodia22 August 2007, Published under Cement NewsThe Machinery Installation JSC No 18, a subsidiary of the Vietnam Machinery Installation Corporation (LILAMA) is currently completing and running, on trial basis, a clinker production line for the Kampot cement factory in Cambodia. The factory has a capacity of 2500tpa of clinker, equivalent to 900,000tpa of cement. This is the first cement factory abroad the company has won in bidding for construction. Of the total 7000t of machinery equipment manufactured and installed for the factory, 1... |
Lafarge working on US$450m Iraq cement deals21 August 2007, Published under Cement NewsLafarge is reportedly planning two projects worth about US$450m in the Iraqi city of Kerbala, according to an investment bank working with the French company on both deals. The world’s largest cement maker by market value is bidding for US$150m contract to rehabilitate a cement plant in Kerbala with a capacity of 2Mta said Basil al-Rahim, managing partner of Merchant Bridge said. Lafarge and Merchant Bridge have a licence to build another 2Mta plant in the city, Rahim said, estimati... |
Tanga Cement to construct power station, Tanzania21 August 2007, Published under Cement NewsTanga Cement Company Limited’s (TCC) plans to construct its own electrical power station. With this planned expansion, the company aims at increasing its production by nearly half. Speaking to East African Business Week, Dave King, the firm’s board chairman said: "The planned cement capacity expansion project is being finalized." |
Local cement production exceeds 0.94Mt Jan-July, Azerbaijan21 August 2007, Published under Cement NewsAzerbaijan produced 944,500t of cement during the first seven months of 2007, with a 2.8% increase from the first seven months of 2006. The main cement producer is Garadagh Cement which meets 50 per cent of the local cement demand (Garadag Cement is capable of producing 1-1.4Mta of cement), while the rest is imported. Notably, Azerbaijan produced 1.554Mt of cement in 2006, with a 0.1 per cent increase from 2005. The question of building a new cement plant in Azerbaijan is the f... |
Nanfeng cements position21 August 2007, Published under Cement NewsChina National Building Material Co Ltd (CNBM) has set up a joint venture with five other companies to boost its business in the fast-developing southeast. CNBM has taken a 75 pe rcent stake in the new venture, Nanfang Cement, which has registered capital of CNY3.5bn. Zhejiang Bangda Investment holds a 12.5 per cent stake in the venture, Jiangxi Wannianqing four per cent, Hunan SASAC 3 per cent, Jianfeng Group 3 per cent and Beijing Huachen 2.5 per cent. "CNBM established Nanf... |
Romanian cement producers post EUR191m net profit in 200621 August 2007, Published under Cement NewsRomania’s cement producers Lafarge, Carpatcement and Holcim posted a 45% up to 155% hike in their 2006 net profit worth RON675m (nearly EUR191m). The data published by Romania’s Ministry of Economy and Finance indicated that the three companies posted a 29% up to 40% hike in their 2006 turnover. Carpatcement Holding posted in 2006 a net profit worth RON222m (EUR63m), nearly threefold the 2005 net profit worth RON86.9m. The company’s 2006 turnover amounted to RON796.7m (EUR226m), up 40% fro... |
Cement firms clash over limestone site21 August 2007, Published under Cement NewsAn announcement that Lafarge East Africa plans to build a major factory in Kitui has brought to the open a simmering dispute between two of Kenya’s three cement manufacturers. Bamburi Cement chairman, Mr Richard Kemoli, on Thursday revealed plans to extract limestone and other minerals from a site in Mutomo district, formerly Kitui South. However, The Standard has since learned Bamburi Cement and Athi River Mining (ARM) have been involved in a dispute over the site. Bamburi officials... |
Italcementi enters Kuwait20 August 2007, Published under Cement NewsThrough its subsidiaries Ciments Français and Suez Cement Company, Italcementi has made an offer for Hilal Cement Company, which is quoted on the Kuwait stock exchange. The offer values Hilal Cement Company at US$89m. In a country with limited clinker production, Hilal Cement Company operates two import terminals in the southern part of the country with a combined annual capacity approaching 1Mt. Last year, Hilal Cement Company generated a turnover of approximately US$65m and an EBITDA... |