Cement News tagged under: international
Zanjan opens first cement factory, Iran19 July 2007, Published under Cement NewsIran’s Social Security and Welfare Minister has inaugurated the first cement factory in Zanjan province located 60km from its capital. Zanjan Cement Factory is situated along the Soltaniyeh-Qeydar road and has launched production on a trial basis for some time, Fars reported. The factory has an area of 40 hectares and an annual production capacity of 700,000t of cement. Both foreign and domestic companies have cooperated in its construction. More than 350 people are now working at the pla... |
Brazil: Holcim considers cement expansion19 July 2007, Published under Cement NewsWith an eye in the heated civil construction market Holcim is planning to add capacity either setting up its fifth cement plant or expanding existing units. Commercial manager Carlos Garrocho Almeida says the company should sell 3.8Mt of cement in 2007, 18% above 2006 (3.2Mt), and within two years should use the idle capacity of its plants of around 30 per cent. A decision on investments would be made within the next few months. Holcim has plants at Minas Gerais (2), Rio de Janeiro and ... |
Vietnam: cement production- supply will exceed demand18 July 2007, Published under Cement NewsIn the face of the increasing number of cement plants being built throughout the country, supply will be 8Mt higher than demand by 2010 and there will be 8Mt of surplus cement by 2011. Many localities, ministries and sectors from across the country have been pouring huge investments into the construction of cement plants in the hope of making a high profit from the business. Recently, the Ministry of Construction asked the Government to limit the granting of investment and construc... |
Birla Corp plans cement expansion18 July 2007, Published under Cement NewsBirla Corporation Limited, the flagship company of the MP Birla group, is planning to expand its cement manufacturing capacity by setting up greenfield units, a senior company official said today. Speaking to reporters on the sidelines of the companys 87th annual general meeting, chairman and managing director, Mr RS Lodha said details of the expansion would be finalised soon. He said the liquidity of the company was very good and with a high borrowing capacity, Birla Corporation was well p... |
Official confirms start of talks with international cement firms, Honduras18 July 2007, Published under Cement NewsThe Honduras government has started talks with international firms interested in competing in its cement market, deputy industry and commerce minister Jorge Rosa told BNamericas, confirming local press reports. Discussions have started with two Mexican firms, Rosa said, confirming reports from local daily La Tribuna. Discussions also are being held with an Italian firm, but company names could not yet be revealed. Honduras’ national demand is presently covered by three existing pla... |
Zambia not to waive duty on imported cement18 July 2007, Published under Cement NewsZambia has no intention to waive duty on imported cement because the emphasis for the economy is to enhance production of the commodity locally, a government minister has said. Times of Zambia Tuesday quoted Finance Minister Ngandu Magande as saying that cement producers should instead come up with measures to increase production rather than concentrate on importing. He said in Lusaka that importing cement is not sustainable for the economy. "We have no intentions to slash duty on c... |
Cement output in Morocco rises by 18.5% in first two quarters18 July 2007, Published under Cement NewsProduction in Morocco’s cement industry increased by 18.5% in the first half of 2007, compared to a 10.4% growth in the same period during 2006, MAP quoted the organization of cement producers (APC) as saying on Monday (July 16th). The APC said major cement factories had decided to accelerate investment in the sector and increase production as current production capacities cannot fully meet the growing domestic demand for the product, the APC said. The APC added that the cement shortage an... |
Athi River Mining profits jump 63 per cent, Kenya18 July 2007, Published under Cement NewsA significant reduction in manufacturing costs has seen Athi River Mining record a 63 per cent increase in its profits before tax to Sh285 million for the half-year period ended June 30. The firm recently invested in projects aimed at increasing its manufacturing capacity. As a result, turnover rose by Sh620 million to Sh1.86 billion in the period. In a statement, the company says that investment in a new clinker plant has improved the firm’s gross margin by two per cent. Net profits for ... |
BCP rejects Berardo’s offer for 10 per cent of Cimpor17 July 2007, Published under Cement NewsBanco Comercial Portugues has rejected Portuguese businessman Joe Berardo’s offer for its 10 per cent stake in Portugal’s largest cement company Cimpor, Publico reported. According to the daily newspaper, BCP chairman and CEO Paulo Teixeira Pinto rejected Berardo’s offer because the timing was ’inopportune’, given the ongoing dispute between the bank’s executive and supervisory boards. Cimpor is an important issue in the dispute at BCP as the cement company’s main shareholder and CE... |
JP Morgan reviews Florida mine-shut down implications17 July 2007, Published under Cement NewsAs we reported on CemNet yesterday (Environmental News), limestone mining has to cease this week at a number of important quarries in the Florida Lake Belt region namely: White Rock Quarries, Tarmac, which is owned by Titan, and the Florida Rock quarries, for which Vulcan has made a recommended offer. Analysts at JP Morgan estimate that around 15 per cent of Titan’s profits are at risk. Titan generated 38% of its EBITDA last year in the US. The analysts estimate that Florida accounted for ... |