Cement News tagged under: international
Bolivia’s Soboce imports fuel oil13 June 2007, Published under Cement NewsBolivian cement maker Sociedad Boliviana de Cemento (Soboce) has announced that it will import 250,000 liters of fuel oil due to a likely reduction in the supply of natural gas. The import of the product from Chile will be made through Bolivian state-run company Yacimientos Petroliferos Fiscales Bolivianos (YPFB). Soboce disclosed that in 2006 it failed to produce 90,000t of cement due to the lack of natural gas. |
Cement makers squeeze supply, India13 June 2007, Published under Cement NewsThe cement sector, in which prices are currently reigning at an all-time high, is now battling a severe shortage in product supply. Even as the demand for cement is on the rise, dealers in the country’s largest cement market, Mumbai, say major manufacturers like ACC, Ultratech and Gujarat Ambuja have squeezed supplies by as much as 40-50%. In other parts of the country, supplies have been choked by 10-15%. Coming just days ahead of the onset of the monsoon, normally a slack season for ceme... |
Pakistan cement makers seek more South Africa coal13 June 2007, Published under Cement NewsPakistani cement makers say they expect to increase sharply their imports of South African coal during the financial year beginning July because of the shortage of Indonesian material. The rise in demand is expected to boost already strong prices for South African coal because supply is limited for the rest of this year, producers and traders said. "For this financial year, July to June, the country is likely to import 4 million tonnes of coal. If there is a shortage of Indonesian, then ma... |
Gulf Cement start-up seen within two years, Qatar12 June 2007, Published under Cement NewsThe newly-established Gulf Cement Company, which has set a target of 5000tpd, is slated to start production within the next two years. The Doha Securities Market-listed company has contracted FLSmidth for the supply of machinery and systems and Simplex Infrastructures, one of India’s construction majors, for onshore tasks. Gulf Cement chairman Abdulla Nasser al-Misnad yesterday signed agreements with FLSmidth president and CEO Jorgen Huno Rasmussen and Simplex Infrastructures director Apu... |
India May cement sales up 10.6 per cent on year12 June 2007, Published under Cement NewsCement sales in India rose 10.6 per cent in May to 14.21Mt, data from the Cement Manufacturers’ Association showed. Production stood at 14.25Mt last month against 13Mt a year earlier, the association said. India has a capacity to manufacture 177Mt a year. Producers have announced plans to add another 100Mt capacity by 2009/10. |
Iraq to begin construction of cement factory12 June 2007, Published under Cement NewsA spokesperson for Karbala City Council announced that the chairman of the council has inked an agreement along with Lafarge, to set up a cement factory which will have an output of 1.5Mta, according to reports from the Iraq Directory. He went on to say that the agreement was validated on the condition that the central government of Iraq receives four per cent of the company’s yearly production. The facility is expected to be completed by 2009. |
Indonesia Gresik expects 1H sales volume to grow six per cent on year12 June 2007, Published under Cement NewsPT Semen Gresik expects 1H cement sales to increase by six per cent on year to around 7Mt. "We sold the commodity at an average price of between $48 and $50/t," Semen Gresik President Director Dwi Sutjipto said. Gresik’s revenue for the first six months of this year will total between $325m and $338m, he added. |
Chia Hsin Cement suspended pending ownership announcement12 June 2007, Published under Cement NewsChia Hsin Cement Greater China Holding Corp shares have been suspended from trading at the company’s request, pending an announcement regarding a possible change in its controlling shareholder, the Stock Exchange of Hong Kong said. |
JSW to venture into cement production, India12 June 2007, Published under Cement NewsThe Sajjan Jindal steered JSW Group is venturing into cement production. The group has floated JSW Cement, a company, which is setting up a slag-based 4Mt clinker facility in Andhra Pradesh at an estimated cost of Rs 1,200-1,300 crore. This will be in the first phase of the group’s entry into cement manufacturing, and is expected to go on-stream by 2009. The company will then look at hiking the capacity to 8Mt by 2012, in the second phase. The facility will be a split location plant with the... |
Holcim holds majority stake in Singapore peer Jurong Cement12 June 2007, Published under Cement NewsHolcim said it has successfully completed the mandatory general offer to the remaining shareholders of Singapore’s Jurong Cement and now holds a 55 per cent majority stake in the group. The Swiss cement maker said this corresponds to a total investment of approximately US$33m. |