Cement News tagged under: international
Cement price should be Rs 300 a bag: APCMA chief15 February 2007, Published under Cement NewsThe price of a cement bag should not be less than Rs 300 if one compares it with the cost of production of the industry, said All Pakistan Cement Manufacturers Association (APCMA) Chairman Aizaz Sheikh. “Both the consumers and the government should appreciate the cement manufacturers for keeping prices below Rs 300 per bag,” he said, adding: “The industry would try to maintain the cement prices between Rs 250 to Rs 300 per bag.” Mr Sheikh was talking to Daily Times over the latest controve... |
BVCL plans 6000t cement facility, India15 February 2007, Published under Cement NewsAssam-based Barak Valley Cements (BVCL) plans to set up a 6000tpd cement manufacturing facility in either Orissa or Jharkand. The Rs 52-crore company has applied for lease of limestone mines to both state governments and will finalise its gameplan shortly. BVCL’s director Mahendra Agarwal told reporters here on Wednesday that the proposed facility will entail a Rs 700 crore investment. “We are undertaking a project feasibility study and exploring the option of roping in a strategic partner,... |
HeidelbergCement expands in Tanzania14 February 2007, Published under Cement NewsHeidelbergCement is investing in excess of US$100m to modernise and extend capacity at the Tanzania Portland Cement Company works near Dar-es-Salaam, which covers the country’s principal cement market. This investment will take the capacity from its current level of around 0.65Mt to 1.2Mt by 2009. The investment will include a new kiln line as well as additional grinding, packaging and loading capacity. At present, Tanzania Portland Cement Company, in which HeidelbergCement owns 63.3%... |
Bamburi Cement posted 3.8bn pretax profit in 200614 February 2007, Published under Cement NewsBamburi Cement has posted a pretax profit of 3.8 billion shillings for the year ending December 31, 2006. Chairman, Richard Kemoli attributed the high profits on the ability for the company to export cement products in the region. Bamburi is among the main cement manufacturers in the East African region. The company has grown its market in northern part of Tanzania, Southern Sudan, Democratic Republic of Congo, Rwanda and Burundi. Kemoli said the company turnover grew by 10 per cent to s... |
Cement prices touch Rs 27014 February 2007, Published under Cement NewsThe cement retail prices have crossed Rs 260 and are being sold at Rs 270 per 50kg bag, it was learnt on Tuesday. Retailers insist that their purchase rate was Rs 265, which was above the already-increased price of Rs 260 per 50kg bag. They said that retailers were selling the commodity with profit of only Rs 5 per 50-kg bag. They said that prime quality cement is being retailed at Rs 270 per 50-kg bag, and its purchase price is Rs 265. The medium quality cement is being retailed between... |
Holcim Ltd plans to construct cement plant in Saratov region14 February 2007, Published under Cement NewsHolcim Ltd is reported planning to construct in Volsk (the Saratov region) a cement plant to produce around 3Mt of cement under dry technology on the basis of one of cement deposits - Krasniy October in Volsky district of the Saratov region. The Russian arm of Holcim - Alfa Cement holding 68.81% of Volskcement shares - will implement the project. Its value will total $400-900mln versus payback period of 7-10 years. The presentation of the project to the government of the Saratov region is sc... |
Portugal Cimpor Stepping in Turkey, China Seen in Q1 200714 February 2007, Published under Cement NewsCimpor is expected to complete its entrance on Chinese and Turkish markets in the first quarter 2007, according to local press reports. The company has already signed binding contracts for acquisitions of stakes in these countries, awaiting the approval of the regulatory authorities there. In October 2006, the Portuguese company expressed its intention to acquire 60 pct of Chinese sector company Lew Liuyuan for some EUR2.1m (US$2.7m), and a few months later, in December 2006, announc... |
Siam City Cement expects flat growth in 2007 sales13 February 2007, Published under Cement NewsSiam City Cement PCL, Thailand’s second-largest cement maker by capacity, Tuesday said its cement sales this year are likely to be flat due to a continued private slowdown investment in Thailand. "For domestic sales, we may not see much growth (from last year), while export sales may improve," Managing Director Leo Mittelholzer said at a briefing for reporters and analysts. Siam City Cement’s main export market is Vietnam, where the company hopes to sell more than 2.5Mt of cement thi... |
Azerbaijan Investment Company plans to take a 20% stake in Garadagh Cement13 February 2007, Published under Cement NewsAzerbaijan Investment Company intends to acquire a 20% stake in Garadagh Cement, the largest cement producer in Azerbaijan. AIC Deputy Executive Director Riyad Gasimov told APA that the details are under discussion now. Holcim, which acquired the formerly state-owned plant in 1999, has agreed to sell a 20% interest and the agreement will be signed in a few month. The European Bank for Reconstruction and Development took a 10% equity stake in Garadagh Cement some days ago. Azerbaijan’s ann... |
Cimpor’s 271 mln eur bid for Egyptian cement co MISR opens today12 February 2007, Published under Cement NewsCimpor’s EUR271m, E£67 Egyptian pound (EUR9.03) per share bid for cement company MISR Cement Co SAE opens today after receiving approval from Egypt’s stock market regulator. In a filing with Portuguese stock market regulator CMVM, Cimpor said it is launching a full bid for the 30 million shares which make up MISR’s shareholders capital, conditional on receiving acceptances from holders of 15 million shares plus one of MISR. MISR owns one cement factory with a production capacity of... |