Cement News tagged under: international
Housing expected to drag down 2007 cement consumption; YoY gains expected by year-end27 March 2007, Published under Cement NewsThe on-going correction in residential construction is expected to drag down overall 2007 construction activity. According to the most recent forecast from the Economic Research department at Portland Cement Association (PCA), despite a record 18% growth since 2003, cement consumption this year is projected to decline by 1.5%. The spring forecast, presented last week at the PCA Board of Directors Meeting in La Jolla, Calif., by chief economist Ed Sullivan, anticipates gradual gains throu... |
320Mt cement capacity needed in 11th Plan period: Assocham27 March 2007, Published under Cement NewsIndia would need to double its current cement manufacturing capacity to over 320Mt in the 11th plan period to meet the demand of growing infrastructure sector, an Assocham survey said. "With infrastructure sector including roads, ports, airports, housing and construction driving the growth, India would need to more than double its cement manufacturing capacity to over 320Mt in the 11th Plan period," Assocham Eco Pulse (AEP) survey said. The demand for cement would grow by about 15 ... |
Indocement to invest US$60m to increase capacity27 March 2007, Published under Cement NewsPT Indocement Tunggal Prakasa has set aside US$60m in capital expenditure this year to increase its capacity. The Finance Director of the country’s second largest cement producer Christian Kartawijaya said the company will increase its capacity by 600,000tpa from 16.5Mt last year. The capacity expansion will continue until 2009 when its an annual capacity is expected to rise further to 20Mt, Christian said. The company, which is 65.12 per cent owned by Germany’s Heidelberger... |
Semen Gresik seeks higher revenue27 March 2007, Published under Cement NewsThe Ministry of State Owned Enterprises (MSOE) has targeted that the revenue of Semen Gresik should increase by 40% this year from IDR8 trillion in 2006. "The MSOE has targeted that the revenue should increase by 40%," said the President Director of Semen Gresik Dwi Soetjipto last week. Previously the company has targeted that the net profit of 2007 should increase by 30%. In 2006, Semen Gresik posted the total revenue of IDR8 trillion, compared with IDR7.8 trillion in 2005. T... |
Angola to have new cement factory owned by US and Angolan investors27 March 2007, Published under Cement NewsAn investment project for the construction of a clinker and cement factory in Angola’s Benguela province was approved by the Angolan government Friday. The industrial complex, known as Palanca Cimento, to be built within 24 months in Hanja, Lobito district in Benguela province, will include commercial facilities, a port, distribution centers and electricity and water treatment stations. According to a statement issued by the Council of Minister, the investors in this project are Angolan gr... |
Taiwan Cement makers stepping up deployment in Southern China27 March 2007, Published under Cement NewsTaiwan’s three major cement producers, including Taiwan Cement Corp., Universal Cement Corp., and Goldsun Development & Construction Co., are stepping up their business deployment in southern China market. Of them, Taiwan Cement is now building five up to 10 cement-grinding plants in the southern China region; Universal Cement will begin construction of a second production line at its Huizhou plant in Guangdong Province; and Goldsun has set a goal to see output exceed Mta at its Fuzhou ... |
Companies sign coal dev’t joint venture MoU27 March 2007, Published under Cement NewsDerba Midroc Cement and East Africa Holdings have signed a Memorandum of Understanding to establish a US$60m joint venture company that will be exploring and developing coal. Recent studies proved the availability of a more than 20 million coal deposit at Moye area located at a 70km distance from Jimma. The agreement provides for establishment at Moye area of a coal manufacturing plant, which is expected to supply the power required in the country’s cement production, thereby spari... |
Circle Cement experiences subdued demand27 March 2007, Published under Cement NewsCircle Cement says it has experienced subdued demand for cement due to the downturn in construction activities in the country. But the company still pins its hope in the booming construction industry in South Africa ahead of the 2010 edition of the World Cup. The company predicted limited activities in the mining sector, infrastructure rehabilitation and residential construction would affect cement business in future. Circle Cement noted that operating environment has remained... |
Shree Cement commissions 18MW captive thermal power plant27 March 2007, Published under Cement NewsShree Cement Ltd has announced that the Company has commissioned its new 18 MW Captive thermal Power Plant on March 26, 2007. The project has been set up at village Ras, District Pali, Rajasthan. With the commissioning of this Power Project, the Company has become self sufficient in meeting its power requirement. Further the Company has informed that the Company has also commenced cement production from its Unit-IV of 1.5Mta Capacity Cement Plant on March 26, 2007. The project has been set ... |
Titan in US downstream expansion26 March 2007, Published under Cement NewsTitan America, a wholly owned subsidiary of the Greeks-based international cement group, has extended its downstream operations in the United States by acquiring S&W Ready Mix Concrete Company for US$235m (EUR177m). S&W Ready Mix operates 26 batching plants in the states of North Carolina and South Carolina, with an emphasis on the Wilmington, NC and Myrtle Beach, SC markets. Last year, when demand was very strong, S&W Ready Mix generated an EBITDA of almost US$48m (EUR36m). At present, ... |