Cement News tagged under: international
India Govt Exec: To Relax Rules On Cement Imports Further26 July 2007, Published under Cement NewsIndia’s federal government will soon announce new norms to allow easier imports of cement to check rising local prices of the commodity, a senior government executive said Thursday. "Cement imports have to be made easier. We will formally announce new rules in a day or two," Ajay Dua, the senior-most government executive at the Department of Industrial Policy and Promotion, told reporters on the sidelines of an industry event. Dua declined to elaborate. Earlier this year the g... |
Nigeria: prices set to crash26 July 2007, Published under Cement NewsIn what construction experts describe as a major step to break the oligopoly enjoyed by some cement manufacturers and importers in Nigeria, President Umaru Musa Yar’Adua yesterday ordered the re-opening of Ibeto Cement Factory in Port Harcourt, Rivers State. The factory was shut down by former president, Chief Olusegun Obasanjo, allegedly to protect the interest of his allies in the cement industry. Already, chairman of the re-opened company, Chief Cletus Ibeto, has pledged to floo... |
Indocement acquires 51 per cent stake of aggregate quarry Gunung Tua26 July 2007, Published under Cement NewsIndonesian cement maker PT Indocement Tunggal Prakarsa said Wednesday it has closed the purchase of a 51 per cent stake in PT Gunung Tua Mandiri for an undisclosed amount. It said the deal allows it to expand into the aggregate quarrying business. Gunung Tua is a newly developed aggregate quarry located in Rumpin, West Java, with reserves of 30 million tons of andesit, or crushed stone. It will start commercial production in September. "The expansion into aggregate quarry[ing]... |
Siam Cement to invest in Cambodia cement plant powe generators26 July 2007, Published under Cement NewsSiam Cement PCL, a Thai industrial conglomerate, said Wednesday its board has approved a THB450m investment to install power generators at its cement plant in Cambodia. Siam Cement said the 90%-owned Kampot Cement Plant in Cambodia will start operations in the fourth quarter of this year. The THB3.2-billion plant will have an annual production capacity of 850,000 metric tons. The power generators will produce four megawatts of electricity and are expected to start operating in the ... |
MRTP investigation into cement cartel, India25 July 2007, Published under Cement NewsAllegations of cartelisation continue to swirl around the cement industry. The country’s trade practices regulator, MRTP, on Tuesday ordered an investigation into the business practices of 14 leading cement manufacturers, which have allegedly formed a cartel to jack up prices across the country. The price hikes are allegedly disproportionate to the rise in raw material costs, according to a preliminary report by MRTP’s investigative wing. The commission issued notices of inquiry against... |
Cement merger decision prolonged until Thursday25 July 2007, Published under Cement NewsThe Commission for Protection of Competition (CPC) has asked for additional guarantees and commitments from Vassiliko Cement and Cyprus Cement officials before deciding on whether or not to approve or reject the application to merge their operations. After a marathon meeting that ended late Tuesday, high ranking officials from both Vassiliko and Cyprus Cement gave commitment to submit new guarantees and commitments according to which they will not be in a position to strangle competition if... |
Lafarge to invest in Kaluga Cement25 July 2007, Published under Cement NewsLafarge plans to build a cement plant in the Kaluga Region not far from Moscow. It has won an auction for the right to develop 93ha (230 acres) of the Borshchevskoye deposit. The company will invest over EUR230m in the first stage of the project. The company’s representatives are also negotiating with the management of the Volvo and Volkswagen car assemblies being built in Kaluga. The cement plant could use waste from the two assemblies as alternative fuel. |
Belarus President wants cement output tripled to 10Mt by 201125 July 2007, Published under Cement NewsBelarus’ President Alexander Lukashenko has commissioned the government to increase cement output three times by 2011 to 9.5-10Mt, the press service of the government said following a special meeting that addressed the cement industry. The government had developed a program to triple cement production by 2011; the program was presented by Prime Minister Sergei Sidorsky and broadly approved by the president. According to Sidorsky, more than 10 foreign investors were interested in up... |
Azerbaijan cement production exceeds 770,000t25 July 2007, Published under Cement NewsAzerbaijan produced 771,000t of cement during the first half of 2007, with a 2.9% increase from the first half of 2006. The main cement producer is Garadagh Cement. This plant meets 50% of the local cement demand (Garadag Cement is capable of producing 1 to 1.4Mta of cement), while the rest is imported. Notably, Azerbaijan produced 1.554Mt of cement in 2006, with a 0.1% increase from 2005. It has been the highest indicator in Azerbaijan’s cement production history. |
PPC’s Zimbabwe plant breaks down, Zimbabwe25 July 2007, Published under Cement NewsThe failure of a raw mill gearbox has halted production at the Pretoria Portland Cement (PPC) plant at Colleen Bawn near Bulawayo, Zimbabwe. John Gomersall, PPC’s chief executive, confirmed the gearbox failure yesterday but stressed that people were working on it. Porthold Zimbabwe, which was acquired by PPC, has been helping to meet the high demand for cement in South Africa, with Surebuild cement imported from both Zimbabwe and overseas. Gomersall said PPC’s Zimbabwean operation... |