Cement News tagged under: international
CNBM plans for 100% stake in Zhejiang-based factory26 June 2007, Published under Cement NewsChina National Building Material Group Corporation (CNBM), the nation’s largest building material manufacturer, plans to acquire a 100% stake in Guangyu Group held in a Zhejiang-based cement factory, according to sources. It plans to purchase the targeted cement factory by using a prior purchase right granted by its parent company in a non-compete agreement provided that its parent company has made a final decision to close the deal. The cement factory, which has a production capac... |
HeidelbergCement expects increase in cement consumption in Georgia26 June 2007, Published under Cement NewsHeidelbergCement is currently undertaking its first expansion project in the Caucasus region by increasing capacity at the Kartuli Cementi plant to 500,000t by early 2008. Later it plans to increase cement production up to 1Mt. In an interview with Georgian Times, Meinhard Thrul, General Manager of HeidelbergCement in Georgia discussed the perspectives and profitability of the business of building materials production in Georgia. Q: Why Georgia? What made you decide that it was reasona... |
Castle Cement back on track26 June 2007, Published under Cement NewsCastle Cement is to re-introduce bulk cement movements from its Ribblesdale works, West Bradford, Ribble Valley, to the firm’s production facility near Glasgow. Each train will carry the same amount as 35 lorries and the move could see up to 560 fewer trips made by road every month. As well as removing lorries and reducing CO2 emissions, the trains will speed up journey times between East Lancashire and Glasgow. Castle Cement has signed a 10-year rail wagon hire contract with ... |
Croatian Dalmacijacement to invest EUR5.1m by end-200826 June 2007, Published under Cement NewsCroatian cement producer Dalmacijacement, part of Cemex, will invest EUR5.1m (US$6.9m) in its cement plant in Sveti Juraj by the end of 2008. Of the total, EUR3.8m will go for installing a special filter, which will lead to a reduction in dust emission. Dalmacijacement, which operates three cement plants in Croatia, said a similar filter was installed at its Sveti Kajo cement plant in 2006, and its third cement plant, 10 kolovoz, will be equipped with such a filter by the end of 20... |
Qinling denies talks with Huaran Cement, China26 June 2007, Published under Cement NewsShaanxi Qinling Cement (Group) Co Ltd made a clarification announcement on June 25 that it has never talked with Huarun Cement on cooperation. Recent market hearsay disclosed that Qingling Cement had negotiated with Huarun Cement, a subsidiary of the state-owned company Huarun Group, on cooperation. It said that Huarun Cement, which has laid a firm foundation in south China’s Guangdong Province and the Guangxi Zhuang Autonomous Region, tents to squeeze into northwest market through tie-up ... |
Taiheiyo Cement says talks to buy US firm fail25 June 2007, Published under Cement NewsTaiheiyo Cement Corp said it has failed to clinch a deal to buy a ready mixed concrete producer to expand its overseas business. Taiheiyo, which gets nearly 80 per cent of its sales from the mature Japanese market, had announced last week it was in talks to buy a US maker of mixed concrete, without giving the name of the target or other details. The announcement, which Taiheiyo made because the US Federal Trade Commission issued a notice saying it had granted clearance for a deal, helped s... |
Steppe Cement expects 1H Rev of US$36m Vs US$28.6m25 June 2007, Published under Cement NewsSteppe Cement said it expects its cement sales for the six month period to June 30 will be approximately 380,000t for total revenue of $36m. This compares with 365,443t for total revenue of $28.6m for the six month period ended June 30, 2006. The company said prices for cement appear to be set to continue to strengthen through the summer months as demand typically rises during this time of the year. It added all four of the company’s wet lines have been fully operational since April 2007... |
Andhra Pradesh calls for easing cement imports25 June 2007, Published under Cement NewsConcerned over the rising cement prices and their impact on various projects, Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy has urged the central government to facilitate import of cement immediately without any conditions. Reddy, in a letter to Prime Minister Manmohan Singh, said that Andhra Pradesh is the main consumer of cement in the country because of its massive housing schemes, roads, infrastructure and irrigation projects. He urged the prime minister to permit import of ceme... |
UAE cement firms turn to coal25 June 2007, Published under Cement NewsCement makers in the United Arab Emirates are turning to imported coal to fire as gas is scarce and the petrodollar-fueled building boom shows no signs of letting up. That is likely to drive world coal prices higher still, producers and traders say. Home to the world’s fifth biggest gas reserves, the UAE has failed to tap fields quickly enough to meet spiralling demand. |
JK Lakshmi Cement expansion plans25 June 2007, Published under Cement NewsJK Lakshmi Cement plans to expand its manufacturing capacity to about 5Mt and setting up around 20 ready-mix- concrete plants. The existing capacity of the plant is 3.4Mt "In order to meet the burgeoning demand from construction sector, we are infusing fresh capital of Rs 400 crore for expanding the production capacity from 3.4Mt to 5Mt, which would be funded through mix of debt, equity and internal accruals," JK Lakshmi Cement Director Shailendra Chouksey told reporters here. ... |