Cement News tagged under: international
Cimpor to invest EUR100m in Turkey 200711 April 2007, Published under Cement NewsCimpor says it is to invest EUR100m to build a new cement unit in Turkey in 2007. The new unit is expected to start production in 2009. Cimpor’s objective is to boost its production capacity in Turkey by 1Mta. At present, Cimpor’s annual cement output stands at 3.5Mt in the country, where it runs three units. Cimpor also plans to increase its overall capacity to 40Mt in 2011, from the estimated 28Mt for 2007. |
Cemex seals 15.3bn deal to buy Rinker10 April 2007, Published under Cement NewsCemex SA confirmed it has signed a deal to buy Australian building materials firm Rinker Group in a deal valued at US$15.3bn. "The value of the total transaction, including Rinker’s debt, is about US$15.3bn," Cemex said in a statement late Monday. In Australia Rinker said it had agreed to the bid, revised upward 22 per cent from Cemex’s first offer. Rinker put the deal’s value at US$14.2bn, not including its debt. The takeover offers Rinker shareholders US$15.85/share, US... |
Two producers sign agreement with Bolivian Govt10 April 2007, Published under Cement NewsBolivian cement manufacturers Fancesa and Soboce signed an agreemeent for the provision of cement and its products for BOB 32. The new price of the 50kg that will be valid for one year, was decreased from BOB 43 and will be only for the construction of houses that are part of the plant promoted by the Bolivian government. Also, the government has signed an agreement with Instituto Boliviano del Cemento y el Hormigon (IBCH) for the technical advice to the development of construction manuals... |
Turkish production reaches record output10 April 2007, Published under Cement NewsTurkey’s cement production rose 10 per cent in 2006, reaching a record amount of 47.5Mt. According to the data by Turkey Cement Producers Union, cement production has increased 10 per cent in 2006 whereas cement exports dropped 27 per cent, mainly due to increase in domestic demand. Last year 41.6Mt of the 47.5Mt cement produced in Turkey was consumed domestically. The total amount of production in 2005 was 42.7Mt, of which 7.7Mt was exported. Last year a large proportion... |
Maintenance work worsens cement shortage in Zambia: minister10 April 2007, Published under Cement NewsThe shortage of cement on the Zambian market is a result of ongoing maintenance works at the Ndola plant of the Chilanga Cement, the country’s sole cement producer, a minister has said. Commerce, Trade and Industry Minister Kenneth Konga was cited by local newspaper Times of Zambia as saying that production of cement had dropped by about 40 per cent as a result of the maintenance works. Currently, Chilanga Cement is capable of producing 650,000t of cement annually, which falls short... |
Peruvian domestic cement sales at 868,060t Jan-Feb 200710 April 2007, Published under Cement NewsPeruvian domestic cement sales stood at 868,060t in the period January to February 2007, up 9.42 per cent YoY, the country’s Association of Cement Companies (Asocem) said on April 5, 2007. Peru’s cement exports dropped 73.78 per cent YoY to 26,246t. Thus, total cement sales registered a 0.1 per cent increase to 894,306t. Cement production rose 1.25 per cent to 886,311t over the period. The residential, self-help housing and big infrastructure projects continue boosting cement ... |
Goldsun to construct plant in Hunan Province of Mainland China10 April 2007, Published under Cement NewsGoldsun Development and Construction Corp, one of Taiwan’s listed cement concerns, has resolved to invest US$100m in Hunan Province of mainland China to set up a cement plant with an annual production capacity of four million metric tons. This will be Goldsun’s second cement plant in the mainland, with the first one established in Longyen of Fujian Province. Goldsun chairman Lin Hsiao-hsin said his company would secure NT$1.4bn (US$42.42m at US$1:NT$33) in fresh operating funds fro... |
Mexican GCC to invest US$220m in 200710 April 2007, Published under Cement NewsMexican cement maker Grupo Cementos de Chihuahua (GCC) will invest US$220m in 2007. The money will be applied in transport equipment, storage capacity improvement and in the last stage of the construction of a plant in Colorado, central USA. The Colorado plant will start cement production in the second half of 2007. The bulk of the investment will finance the Colorado plant project. The construction of the Colorado plant started in 2005. It will have a capacity to produce 200,000t.... |
Break Ghacem’s monopoly, contractors appeal to Govt10 April 2007, Published under Cement NewsSome local contractors have decried the hike in the price of cement in the country, and appealed to the government to facilitate the formation of a third cement factory to break Ghacem’s monopoly. The president of the Association of Building and Civil Engineering Contractors of Ghana (ABCECG), Mr. Samuel Obeng accused Ghacem of "hiding their frequent breakdowns and shortage of clinker to blame the energy crisis". At a press conference yesterday in Accra, he said, "We appeal to [the... |
$13 million in jobs from Cement Plant10 April 2007, Published under Cement News“If the proposed Weston cement plant goes ahead it will be worth an estimated $13 million a year in jobs for the area,” Paul Commons, Manager Strategy and Development for Holcim (New Zealand) Ltd told a meeting of the Waianakarua Lions Club. Speaking at the invitation of the Club, he outlined that direct employment of between 100 and 125 jobs would be created, worth $8 million a year. A further $5 million would result from another 100 jobs created downstream. “Statisticians tell us that th... |