Cement News tagged under: international
China’s Anhui Conch H1 net profit up 34 per cent20 August 2007, Published under Cement NewsAnhui Conch Cement Co Ltd reported unaudited net profit of CNY1.01bn for the first half this year, up nearly 34 per cent from the CNY756.15m achieved a year earlier, under Chinese accounting standards. Under international accounting standards, the first-half net profit stood at CNY1.03bn against CNY762.63m a year earlier, the company said in a statement filed with the Shanghai stock exchange over the weekend. Anhui Conch attributed the strong earnings growth to improved product str... |
Al-Rajhi to operate two cement plants in Jordan20 August 2007, Published under Cement NewsThe Chairman of Saudi Arabia’s Al-Rajihi Group announced that the group will start production from its two cement factories in Jordan in May of next year, local news reported. After a meeting with the Jordanian Prime Minister, he pointed out that the Jordanian government has pledged to clear all obstacles facing foreign investors in the country, particularly from the Gulf region. Al-Rajhi chairman said that the group’s cement factories at Qatraneh in southern Jordan and in Mafraq n... |
MCA records cement companies statements, Pakistan20 August 2007, Published under Cement NewsThe Pakistan Monopoly Control Authority (MCA) has taken statements of cement manufacturing companies on oath to conclude the inquiry pertaining to the price hike in February 2007. Sources told Business Recorder that cement companies in Lahore have provided information relating to supply, production and capacity utilisation etc to the MCA. The MCA would conduct hearing in case of three cement factories in Karachi on August 21 and two units in Islamabad on August 27, sources added. In Mar... |
Anhui Zhenzhu Group signs agreement on new project20 August 2007, Published under Cement NewsAnhui Zhenzhu Group has formally signed an agreement with the Suzhou Municipal Government on the Caocun cement production project. The project includes two cement production lines with daily production capacity of 4500t of cement. Of the total RMB700m in investment, the first production line will use RMB400m and is expected to start construction in October. The construction is scheduled to last 18 months. Once the project is completed, it will have annual production capacity of 1.5Mt of ... |
Cimpor plans new acquisitions in Turkey20 August 2007, Published under Cement NewsEdney Vieira, chairman of Cimpor’s executive board, says that the cement producer will acquire new companies to increase market share and launch new investments. Cimpor currently has a seven per cent market share in the Turkish cement sector. Cimpor aims to expand in Turkey and will realise new investment and establish facilities in short and mid-term to reach this goal, according to Vieira. Cimpor is already building a cement factory in the Hasanoglan district of Ankara under a EUR10... |
Kenyan cement firm’s pretax profits up 15 per cent17 August 2007, Published under Cement NewsKenya’s leading cement producer, Bamburi, has announced its half year pretax profits rising by 15 per cent to 2.24 billion shillings (about US$34m) from 1.955 billion shillings (US$29m) in the same period last year. Company Chairman Richard Kemoli said the performance was particularly strong, resulting from steady growth in the private sector and infrastructure projects in neighboring Uganda ahead of Commonwealth Summit in November. Kemoli said plans are underway to expand the firm’s... |
Power boost for Mangalam17 August 2007, Published under Cement NewsMangalam Cement Ltd says it has started generating power from its captive thermal power plant commissioned in August 2007. Mangalam said the 17.5MW capacity plant was generating between 10 and 14MW of pMWwer, and was expected to reach capacity shortly. |
New cement plant projected for Turkmenistan17 August 2007, Published under Cement NewsThe cabinet of ministers of Turkmenistan have reportedly made a decision to construct a new cement plant in Balkan province at a meeting on July 26. The project is designed to increase the capacity of the construction industry by expanding the production of construction materials using local raw materials. Speaking at the meeting, chairman of the state corporation Turkmengeologiya Sapargeldi Jumayev reported that Ballkan province has considerable reserves of raw materials making it possi... |
Cement prices set for further gains17 August 2007, Published under Cement NewsIndian cement prices may go up as domestic supply trails demand significantly and new capacities face delays. With capacity utilisation at 97%, no significant imports likely in the near term and the export market turning attractive, manufacturers and analysts feel supply will not be able to keep pace with domestic demand this year. "The demand for cement may remain ahead of supply through the year if the present rate of economic growth continues," India Cement MD N Srinivasan said. R... |
Holicm quarry to reopen17 August 2007, Published under Cement NewsHolcim Cement company has been allowed to reopen a gypsum quarry near Coaldale in order to provide materials for the company’s cement plant between Florence and Penrose. Fremont County commissioners gave initial approval Tuesday to allowing Holcim Cement to reopen a gypsum quarry in Coaldale - despite the opposition of nearby residents. The commission voted 2-1 in favor of the permit, with Commissioner Mike Stiehl casting the lone dissenting vote, saying he felt quarrying was not com... |