Cement News tagged under: international
JK Cement buys grey cement unit29 January 2007, Published under Cement NewsJK Cement Ltd. said late on Saturday it had taken over the assets of Nihon Nirmaan Ltd from lender IDBI Ltd for INR420m. JK plans to make 300,000-350,000t of grey cement at the unit, which is expected to start operations in the Oct-Dec quarter, it said in a statement. JK’s current capacity stands at 4Mt of grey cement and 350,000t of white cement. |
But Son cement-maker to up production with new line29 January 2007, Published under Cement NewsThe But Son Cement Company yesterday officially started construction on a second production line at its But Son factory. The line, which is valued at over VND2,807bn (over US$175.4m), will be able to produce 1.6Mt of cement a year, it said. Japan’s Kawasaki Heavy Industries Corporation was the project’s main contractor, supplying designs, equipment, materials and technical services, said the company. The contract, with a total value of VND1,600bn ($100m), was the expansion’s largest. Yest... |
CCCL’s US$133mn kiln expansion expected mid-200829 January 2007, Published under Cement NewsJamaica’s Caribbean Cement Company (CCCL) will finish the US$133m expansions to its kiln five by mid-2008, government information service JIS quoted project manager Ken Wiltshire as saying. CCCL, a subsidiary of Trinidad Cement Ltd. (TCL), began the expansions in January 2005, and has completed about 50% of the project, said Wiltshire. Since then, CCCL has purchased 80% of all major equipment, and initiated all major construction work, added the manager. |
Small is strong29 January 2007, Published under Cement NewsThe robust Q3 results could impart greater sustainability to the massive capacity expansion plans of mid-sized cement companies. If the story of large-cap cement stocks is something that makes you yawn, the mid-sized companies may have something to interest you. “Most of the good news in large-cap cement stocks is already priced in,” explains an analyst tracking the cement sector, “but mid-cap valuations are still quite attractive.” The valuation gap is evident–most cement scrips in th... |
Song Thao cement signs credit agreement29 January 2007, Published under Cement NewsThe Song Thao Cement Joint Stock Company signed a VND370 billion (US$23 million) credit agreement with two Vietnamese banks for the construction of the Song Thao cement factory. The Bank for Agricultural and Rural Development (Agribank) accounted for VND250 billion ($15.6m) of the figure while Bank for Investment and Development of Viet Nam (BIDV) accounted for 120 billion ($7.4m). The factory is planned to have a production capacity of 2500tpd of clinker per day with total capital of VND ... |
Cement prices add to realty overheating29 January 2007, Published under Cement NewsNEW DELHI: Speculation and demand & supply gaps are sending real estate prices spiralling upwards. But prices of cement too are adding to the boom. In 2006, cement prices continued their journey through the roof, leading to ever increasing construction costs. The result: a burgeoning real estate industry. In the past one year, the cost of construction has increased by 10-12% as the average cement prices in north India is close to Rs 210 per bag, which grew by about Rs 25 per bag in one year... |
Lafarge Indonesian unit starts reconstruction of Indonesian plant26 January 2007, Published under Cement NewsPT Semen Andalas Indonesia, a unit of Lafarge SA of France, said it has started reconstruction of a cement plant that will have capacity of 1.6Mta. The plant is located at the company’s old facility in Lhoknga, Aceh province, which was devastated by the 2004 tsunami which struck the province. The company said it has also launched the operation of a cement packing unit and port in Lhoknga at a costs of US$17m. It said total investment for the packing terminal, the new 1.6Mt cement plant an... |
Unbundling of PPC might be done by June26 January 2007, Published under Cement NewsBarloworld expects to complete the unbundling of Pretoria Portland Cement (PPC), its 72 percent-owned cement and lime producer, by June and the empowerment of both entities before the end of September. Clive Thomson, Barloworld’s chief executive, confirmed this yesterday after the group’s annual general meeting, adding that the empowerment of Barloworld and PPC would be implemented soon after PPC’s unbundling. Thomson said Barloworld had appointed advisers to assist with the unbundli... |
Cement prices watched, Philippines26 January 2007, Published under Cement NewsThe Trade department is monitoring the prices of cement and warned firms against unreasonable price increases after several cement firms raised their prices ahead of the summer construction season. A statement yesterday said Trade Secretary Peter B. Favila warned cement manufacturers in a meeting last week that the department is keeping a close watch on the movement of cement prices. In the same meeting, he said the government could intervene in the market to ensure stable prices. "We have... |
Philippines Cement sales down by 2%25 January 2007, Published under Cement NewsThe Philippine cement industry became slightly weaker in 2006, with sales declining by nearly 2%, the Cement Manufacturers Association of the Philippines said. Cement sales reached 11.48Mt in 2006, down by 1.7% from 11.67Mt in 2005. Despite weaker consumption in 2006, the industry is optimistic in 2007, saying the sector is poised for growth. Industry data showed that the sales in Luzon and Mindanao decreased by 2.3% and 1.6%, respectively. Cement manufacturers were able to se... |