Cement News tagged under: international
Guyana set to end cement waiver27 April 2007, Published under Cement NewsWith TCL’s new US$10m state-of-the-art bagging plant in Guyana now in operation and now capable of meeting local needs, the company was planning to reintroduce the CET on extra-regional cement. Guyana’s Minister of Tourism, Industry and Commerce, Manniram Prashad, has indicated that the bagging terminal can adequately supply the cement needs in the Guyana market and therefore “the waiver of the CET can now be reverted.” The CET was waived to allow the importation of extra-regional cement t... |
High-margin cement sector lures new players in India27 April 2007, Published under Cement NewsA growing number of Indian companies from other industries are scrambling to set up cement plants, lured by high margins or for environmental reasons, but government price controls could prove a dampener, experts said. New entrants include state-run Steel Authority of India Ltd. , founders of JSW Steels Ltd. , detergent maker Nirma Ltd. and diversified Emami Group. Media reports have also said the founders of two-wheeler maker Hero Honda Motors Ltd. are planning to set up a cement ... |
Votorantim Cimentos aggressively seeking aggregates in Great Lakes region27 April 2007, Published under Cement NewsVotorantim Cimentos, the cement manufacturing division of the Brazilian conglomerate Votorantim Group, is aggressively seeking to acquire suppliers of aggregates in the Great Lakes Region of the US and Canada, a company source said. The source said Votorantim Cimentos intends to become even more aggressive in its acquisitions strategy in 2007, citing earlier acquisitions as the first step in creating a platform for future purchases by the cement division as well as other members of the Vot... |
India gives US$20m funding for Djibouti cement plant27 April 2007, Published under Cement NewsIndia has provided additional funding of US$10m to Djibouti for a cement plant project at Ali Sabieh, raising the total funding to US$20m . This will be done through a Line of Credit (LOC) by the Export-Import Bank of India (Exim Bank). The LOC agreement was signed in Delhi recently by the eastern African country Ambassador to India Youssouf Omar Doualeh and Exim Bank Chief General Manager P Dalal. "The additional funding will help in early completion of the project. Commissioning ... |
India Grasim 4Q Consol Net Profit +60.2%26 April 2007, Published under Cement NewsIndia’s Grasim Industries Ltd Wednesday said fourth-quarter consolidated net profit rose 60.2%, boosted by higher cement prices that was driven by continued buoyant demand. Taking advantage of the high demand for the commodity, Grasim said it will invest INR23.45bn during the next two years to expand cement capacity from 13.1Mt to 22.6Mt. "We see robust cement growth and our strategy is to put cement capacity to meet this growth in demand," Grasim director D.D. Rathi said at a pre... |
Lafarge Group to invest US$250m26 April 2007, Published under Cement NewsFolowing its 15 per cent profit increase reflecting a strong and growing export market in the Great-Lakes region recorded in 2006, the Lafarge Group has announced an investment expansion of EUR180m (Shs450bn) in East Africa. Bamburi Cement Ltd Mombasa plant manager Paul Rogers told journalists on April 20 that the Group in 2006 recorded $244m (Shs425bn) profit, indicating a 15 per cent growth. The two-year expansion plan, which will be rolled out in phases to increase production, ... |
CNBM to provide equipment to Vietnam26 April 2007, Published under Cement NewsChina National Building Material Group Corporation(CNBM), a state-owned company in charge of administrative affairs in building material industry, is to install cement equipment for Vietnam Nghi Son Cement Company, in a deal worth USD 113 million in equipment and US$27m in installation. Vietnam Nghi Son Cement Plant, located in Hai Thuong, Tinh Gia County, Thanh Hoa Provice, is a joint venture of Vietnam National Cement Corporation, Japanese Taiheyo Cement Corporation, the world’s sixth... |
Holcim pleased by early response to Weston Option cement plant notification26 April 2007, Published under Cement NewsHolcim (New Zealand) Ltd has received a good level of interest from the public this week following the notification on 20 and 21 April of the resource consent applications for its Weston Option cement plant. Now we are in the submission period, we are getting people calling our 0800 number or emailing us asking for more information. We are encouraging local people to have their say and make a submission on the cement plant proposal, and want to ensure they have adequate information to d... |
Chilean Cementos Bio Bio to invest US$50m in two plants26 April 2007, Published under Cement NewsChile’s third largest cement producer Cementos Bio Bio, controlled by the industrial group Briones, plans to invest US$50m in the construction of two plants in central Chile, under its plans to strenghten business, the company said on April 25, 2007. The company plans to build a new mill in its unit Industria Nacional del Cemento, located in Curico, 200 km south of the capital Santiago. The company plans also to build a new cement mill in the San Antonio Port, on the central coast of C... |
Latin America, Central Europe and Asia lead the Cemex growth is the US profit drops25 April 2007, Published under Cement NewsCemex’ first quarter turnover rose by 9.5% to US$4,399.7m, helped by higher volumes in most markets, with the notable exception of the United States. The EBITDA improved by 6.0% to US$867.6m but the trading profit slipped by 0.3% to US$557.9m. The net interest charge fell by 30.7% to US$76.7m, which led to an 8.0% increase in the running profit before tax to US$481.2m. The net debt declined by 39.6% to US$5,114m compared with the same time last year, giving a gearing level of 32.5%, but ... |