Cement News tagged under: international
Cement rates up despite import threat09 July 2007, Published under Cement NewsCement prices in India are moving up despite Government of India allowing import of the product. The prices have gone up by Rs3-5 per 50kg bag in most of the regions of the country. The hike was steeper in the southern region, which is witnessing a rise of Rs8 per bag. The dealers expect that prices will go up further in the coming weeks due to high demand. In order to curb price rise the Government has waived all duties on cement imports. Despite this the cement imports have been meagre... |
L&T not to sell UltraTech Cement, India06 July 2007, Published under Cement NewsLarsen and Toubro Ltd (L&T) is not selling its 11.5 per cent stake in UltraTech Cement as it feels the stock is undervalued, a top company official said on Thursday. The country’s largest construction and engineering company does not need to raise funds at this stage, Chairman and Managing Director AM Naik said. "When it comes to selling UltraTech stock, I think it’s still undervalued stock. We will wait till such time we think that we need to do it," Naik told reporters here. "Right now,... |
’Cement shortage warrants another plant in E Coast’, Malaysia06 July 2007, Published under Cement NewsThe State Government has been urged to consider setting up another cement plant in Sabah, preferably in Sandakan, to cope with the increasing demand and the accelerated development anticipated under the 9th Malaysia Plan. Alternatively, it should adopt an open policy and allow industry players to import their own cement and let the free market system work for the benefit of housebuyers, among others. Sabah Housing and Real Estate Developers Association (Shareda) President Kong Kok Wah said... |
Cement shortages hit Northern Ireland06 July 2007, Published under Cement NewsNorthern Irish concrete producers are the latest to be hit by cement shortages, according to reports from ’Contract Journall’, UK. They have been told delivery volumes will be cut by 20 per cent in a bid to eke out existing supplies. Producer LafargeCement contacted precast and ready mixed concrete supply firms in Northern Ireland last month, warning them that because of technical production problems it would be unable to supply all of their cement. It is limiting companies to... |
East African Portland Cement eyes coal for fuel06 July 2007, Published under Cement NewsEast African Portland Cement hopes to make substantial savings when it starts using coal instead of electricity in its operations. East African Portland Cement Company yesterday invited tenders for the supply of a coal grinding and dosing facility at its Athi River plant. It is seeking to interest "well-established coal grinding technology holders." They must be manufacturers and suppliers of main coal grinding equipment who have done similar installations in the last five years, a... |
RATM Group to set up cement holding06 July 2007, Published under Cement NewsThe owner of the RATM Group, Eduard Taran, is to set up a new cement holding and construct two new plants in Russia. The new company RATM-Cement Holding will be headed by former President of Agromashkholding Viktor Belyayev. RATM Group will erect four plants in Russia’s European part and in Kazakhstan with a final capacity of 10Mta. According to Mr Taran, each of the plants will require investments of EUR200m. |
Vietnam: solid growth cements profits of $21m05 July 2007, Published under Cement NewsSolid growth for Vietnam Cement Corporation (VNCC) has resulted in profits of VND342bn (US$21m). VNCC produced 7.05Mt of cement in the first two quarters and achieved 49 per cent of the company’s 2007 target. These impressive results have been achieved despite the increasing cost of oil, gas, plaster and transport. In the last two quarters, VNCC plans to produce 14.2Mt of cement to meet market demands. By modernising its internal structure, VNCC is paving the way for future strengt... |
Holcim announces US$250m investment in Ecuador05 July 2007, Published under Cement NewsHolcim announced that it plans to invest US$250m in Ecuador. By 2008, Holcim plans to set up a plant in the city of Guayaquil. The announcement was made during the seminar trade and investments opportunities in Ecuador organized by the Ecuadorian embassy in Switzerland. |
Pakistan cement exports up by 112 per cent05 July 2007, Published under Cement NewsPakistan’s cement exports have witnessed a strong and healthy growth of 112 per cent to an all-time high level of 3.188Mt during fiscal 2006-07. "Regional cement shortages played a key role in achieving the landmark cement export milestone during the last fiscal year, while enhanced production of the local cement factories is another prominent reason behind this huge increase of 112 per cent in exports," they added. They said that during the last fiscal year, strong export demand f... |
Holcim hearing, New Zealand05 July 2007, Published under Cement NewsThe hearing of Holcim’s consent application for a $200m cement plant at Weston, near Oamaru, will begin in Oamaru on August 20. The company will present its evidence first. That is expected to take several days. Submitters who have asked to present their evidence in person will follow. |