Cement News tagged under: international
Chile: Polpaico leads cement market with 34%02 February 2007, Published under Cement NewsChilean cement industry association Instituto del Cemento reports a 2,8% increase in the domestic market in 2006 to 4.1Mt, with Lafarge via Cementos Melon having a 33,8% share (less 1,35%); Cementos Bio Bio has a 32,2% share; the leader continues to be Polpaico with a 34% selling 1.39mil m tons of cement. Melon is erecting a new plant at the V Region with capacity for 600,000 mtpy, and plus investments of US$27mil to a new plant at Puerto Montt, expanding capacity by 300,000 mtpy. The concre... |
Russia’s Siberian Cement output up 24% on year in 200602 February 2007, Published under Cement NewsRussian holding Sibirskiy Cement (Siberian Cement) produced 4.383Mt of cement in 2006, up 24% on the year, the company said Thursday. Created in 2004, the holding controls five cement plants in the Irkutsk and Kemerovo regions, the constituent republic of Buryatia as well as two in the Krasnoyarsk Region. |
Aditya Birla January cement sales 2.82Mt02 February 2007, Published under Cement NewsThe Aditya Birla Group Thursday said its cement sales for January rose 3.1% on year to 2.82Mt. The production for the month of January rose 2.8% to 2.77Mt. In the April to January period, the Aditya Birla Group cement sales rose 5.9% on year to 24.56Mt, compared with 23.19Mt in the same period of the last financial year. The Aditya Birla Group said its cement production in the April to January period rose 5.8% on year to 24.56Mt versus 23.21Mt. The Aditya Birla Group’s financia... |
Bolu Cimento to buy Deniz Cimento grinding and packaging facilities.02 February 2007, Published under Cement NewsTurkey’s Bolu Cimento, a cement company, has decided to start negotiations to buy Deniz Cimento’s grinding and packaging facilities in the town of Karadeniz Ereglisi. The statement sent to the ISE by Bolu Cimento also noted that the company plans to buy Deniz Cimento’s harbour facilities in the same city. |
Pakistan cement exports expected to reach 2.5Mt02 February 2007, Published under Cement NewsDue to increasing demand in Afghanistan, UAE and Bangladesh, the cement exports of the country are expected to reach 2.5Mt by end of the fiscal 2006-07. This was informed to the Economic Coordination Committee of the Cabinet during a presentation on wheat stocks and cement industry here on Thursday. The ECC was informed that due to the encouraging government policy and a turnaround in the cement industry during the last seven years, the annual cement production, which was 15.72 million duri... |
Mordovcement starts constructing new cement plant01 February 2007, Published under Cement NewsMordovcement (Komsomolskiy, the republic of Mordovia) has started constructing a new RUR10bln cement plant. On January 19, 2007 head of the Mordovia republic Nikolay Merkushkin laid the plant’s foundation stone. The company will finance the project from own funds with the support of the government of the Mordovia republic and plans to attract investments and take out loans. The plant will be commissioned in 2-2.5 years and produce 2-2.5Mta of cement. Mordovtsement produces around 3Mt of cem... |
Semapa’s Secil buys another 21.86 per cent in Lebanon’s Sibline for US$37.3m01 February 2007, Published under Cement NewsIn a filing with stock market regulator CMVM, Semapa said that Secil, through a fully owned subsidiary, now owns 50.5 per cent of Sibline. The total cost of buying the 50.5 pct stake was US$65.1m, corresponding to a US$128.9m equity value and a US$174.4m enterprise value. The deal has an enterprise value/EBITDA multiple of 7.45, based on estimated 2006 EBITDA, Semapa added. Sibline produces 950,000t of clinker annually and 1.2Mta of cement. The company also operates in ready-m... |
Cement grinding plant for Kotputli01 February 2007, Published under Cement NewsThe Rajasthan State Industrial Development and Investment Corporation (RIICO) on Wednesday signed an agreement with J.K. Group for establishment of a cement grinding plant at Kotputli in Jaipur district. A release here said RIICO would make available land to JK Group for the cement plant, while the JK Group would invest Rs. 150 crores in the first phase of the project. RIICO Managing Director Kuldeep Ranka and Senior Vice-President of J.K. Group, M.L. Goyal, signed the agreement at ... |
AIC and Garadagh to sign memorandum of understanding01 February 2007, Published under Cement NewsThe Azerbaijan Investments Company and Garadagh Cement will sign a memorandum of understanding at some point in February about the former’s acquisition of up to 20% of the equity of the cement company, and the practical transaction can be started in September. The AIC is hopping in together with the European Bank for Re-construction and Development, which, too, will acquire a stake in the equity of Garadagh Cement, says a source in the AIC. Garadagh Cement prepares to sign the 10% stake ... |
Shree Cement bags corporate governance award01 February 2007, Published under Cement NewsRajasthan-based cement manufacturer Shree cements has said it has bagged the best corporate governance award from the Rajasthan Chamber of Commerce and Industry for the year 2006-7. The company got the award in all four categories, corporate governance in capital market, financial performance, business and qualitative approach and annual management, Shree Cement Executive Director M K Singhi told reporters here. The company has undertaken a rapid capacity expansion programme to ramp up its... |