Cement News tagged under: international
Akmenes Cement to borrow for expansion22 May 2007, Published under Cement NewsLithuania’s only cement manufacturer Akmenes Cementas is borrowing LTL212m (EUR61.45m) from a syndicate of banks to finance the biggest modernisation project in its history, which involves shifting from wet to dry cement production technology. The syndicate is led by SEB Vilniaus Bankas and includes DnB Nord, Hansabankas, Sampo and Snoras. Akmenes Cementas is to contribute LTL78m from its own resources to the project, which is estimated to cost a total of LTL290m. The company expects to com... |
Malaysia’s CIMA rated as ’strong buy’22 May 2007, Published under Cement NewsStandard & Poor’s Equities Research said it has kept its ’’strong buy’’ call on Cement Industries Of Malaysia (CIMA) with a target price of 7.50 rgt on expectations of improved earnings ahead after the company’s first quarter results were ’’in line’’ with its expectations. "We expect CIMA to report better earnings in the following quarters given expectations of higher demand to follow through once the Ninth Malaysia Plan (9MP) projects are implemented and the increase in production capacity... |
New foundation for cement plant in Akoko Edo22 May 2007, Published under Cement NewsLucky Igbinedion, govenor of Edo State, Nigeria, laid the foundation stone of 2500tpd cement factory in Egbigere, Akoko Edo local government council of the state, appealing to the in-coming administration to give the project its desired support. The factory, with the operational name, Ava Cement, would be established in two phases with associated 2 x 10MW gas turbine power plants, modern office complex, and 150-unit housing estate with clinics, shopping mall, and community centre as well a... |
Heidelberg Cement to invest more in Golukhinskiy plant22 May 2007, Published under Cement NewsHeidelbergCement intends to invest up to Euro 150m in Russian company Tsement (Golukhinskiy Cement Plant, Altai Krai, Siberia) to expand production. In result, in three years enterprise’s facilities are to grow from 275.000t to 800,000t of cement a year, which exceeds forecasted needs of the region (700,000tpa). Golukhinskiy Cement Plant owned by Tsement is the Altai Krai’s only enterprise making cement. 25 per cent of shares in the company are owned by the Krai authority, the rest – const... |
Sinoma Wins Large Overseas Project22 May 2007, Published under Cement NewsChina National Materials Industry Group (Sinoma) recently signed a general contract in Beijing with Vietnam-based Hoang Phat Trading, Manufacturing, Investment and Developing Company Limited, revealed Sinoma on May 21st. The contract was valued at US$72.118m and includes the expansion of a 6000tpd cement and clinker production line at Vinakansal Cement Plant. |
Ministry threatens legal action against Jordan Cement21 May 2007, Published under Cement NewsThe Ministry of Industry and Trade is weighing legal measures against the Jordan Cement Factories Company (JCFC) for excessively raising cement prices, according to a statement issued on Sunday.In the statement, the ministry said the company indicated that its procedures would be based on the Anti-trust Law issued in 2004. The ministry’’s statement came after the company raised the prices of cement by JD4-JD8 per tonne. The Jordan News Agency, Petra, reported that JCFC Communication Offic... |
Ecuador investment plans21 May 2007, Published under Cement NewsEcuador investment plans The Ecuador Development Corporation (CAF) has recently approved a US$40 million loan to cement manufacturing company Lafarge Cementos (former Cementos Selva Alegre). By this means, Lafarge will implement its Llama project in Ecuador that is aimed at doubling the production capacity of the Otavalo-based plant from 800,000tpa to 1.6Mta. In 2006, Lafarge posted sales of US$75 million and for this year it sees US$80 million. |
Vietnam likely to become largest ASEAN cement producer21 May 2007, Published under Cement NewsWith its current rapid development, Vietnam is likely to top the list of cement producers in Southeast Asia in 2010, according to Chairman of the Vietnam Cement Association Nguyen Ngoc Thien. Mr Thien said Vietnam now has more than 30 operating projects with a total capacity of 40 million tones of cement. By 2010, the country is expected to have 45 cement plants, capable of producing over 60 million tones. Against this background, the cement sector is quite able to meet the domestic deman... |
UAE cement production gets major boost21 May 2007, Published under Cement NewsH.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, inaugurated the new capacity expansion projects implemented by two main cement companies in Ras Al Khaimah, providing a major boost to the cement production capacity of UAE. The capacity expansion projects which were inaugurated yesterday saw the Union Cement Company (UCC) commissioning a 10,000 tpd clinker kiln, trebling its annual capacity from 1.2 million tonnes to around 4.2 million tonnes per annum ... |
Cement prices firm despite cut in excise21 May 2007, Published under Cement NewsIndian cement prices are likely to remain flat despite the recent reduction in excise duty by the government. So far, Gujarat has witnessed a marginal reduction of Rs 1 per bag, while the southern region hasn’t shown any sign of a cool-off, yet. In fact, barring Karnataka, prices in the South have gone up by an average Rs 3-5 per bag since March, with Tamil Nadu seeing the highest increase at about Rs 10. The South had witnessed the highest price increase during the January-March quarter ... |