Cement News tagged under: international
Asia Cement to boost output in China01 January 2007, Published under Cement NewsAsia Cement Corp, Taiwan’s second-largest producer of cement, recently announced it would set aside US$11.36 million to expand production capacities of cement in such big cities as Wuhan of Hubei province, Chengdu of Sichuan province, and Yangzhou of Jiangsu province in mainland China. Asia Cement noted it would invest US$7.36 million to expand the Yangzhou plant. It is expected Jiangsu Province will become Asia Cement’s fourth production site in the mainland, trailing Jiangxi, Hubei, and S... |
Regional Leader’s relative jailed for cement murders01 January 2007, Published under Cement NewsAli Kaitov, the son-in-law of the president of the republic of Karachayevo-Cherkessia, was sentenced Wednesday to 17 years in prison by the republic’s Supreme Court for ordering seven murders. The court also handed down lengthy terms to Tamerlan Bostanov and Azamat Akbayev, who fatally shot local lawmaker Rasul Bogatyrev and six other men in a dispute over a local cement plant. Bostanov and Akbayev received life sentences. Kaitov and Bogatyrev belonged to rival clans and had been battling f... |
Cement takeover now looks unlikely01 January 2007, Published under Cement NewsCRH’s protracted battle to take over Spanish cement maker Uniland appears to be doomed after a Barcelona court rejected the Irish multinational’s claims that it had rights to buy a controlling stake in the company. CRH acquired a 26.3% stake in Uniland by stumping up E300m (Pounds 210m) late last year to buy three Spanish holding companies whose main assets were shares in the Catalan cement group. In June the other Catalan shareholders in the company sold 51% of the company to a unit of Ma... |
Mugher Cement increases cement price01 January 2007, Published under Cement NewsEthiopia’s largest cement manufacturer, Mugher Cement Enterprise, has decided on Friday, December 22, 2006, to increase its wholesale price by 25 per cent, pushing cement to Br135 in its distribution centre in the capital and Br125 from the factory, located 105Km north west of Addis Abeba. The latest increase came at a time where the high demand of cement created a rapidly fluctuating price in the capital and across the country. It also came following the importation of cement from aboard. ... |
Luks licensed to expand cement plant01 January 2007, Published under Cement NewsProvincial authorities granted Taiwan Luks Cement a license to invest an additional US$72.7 million to raise output capacity at their facility to 2.6 million tonnes a year by 2008. The investment will bring the company’s total investment to $171.8 million. After completing the second phase of its capacity expansion project, the company annually produces 1.2 million tonnes of cement, and has operated in Vietnam for a decade |
Argentine Minetti to invest US$150m01 January 2007, Published under Cement NewsArgentine cement-maker Minetti, located in Cordoba, central Argentina, will invest US$150m between 2006 and 2010, the Argentine press reported on December 26, 2006. The investments will be used for enlargement of the company’s plants, to ensure energy supply for production and for environmental upgrade. A total US$61m of the overall sum will be earmarked for the industrial complex in Cordoba, which includes three production lines - in Malagueno, in Yocsina, and on the outskirts of the touri... |
Jaypee Cement lines up expansion01 January 2007, Published under Cement NewsAfter the Rs 459-crore acquisition of UP State Cement, Jaypee Cement is now looking at an aggressive expansion through the organic route. The company plans to invest close to Rs3500 crore for significantly increasing its production capacity from the current 7Mta. In the process, the company will set up three greenfield cement facilities at Solan in Himachal Pradesh, Siddhi in Madhya Pradesh, and Bhuj in Gujarat. "It’s not that we won’t look at acquisitions. But our clear focus for the next ... |
Booming economy drifting into dangerous waters01 January 2007, Published under Cement NewsIn Turkish Cyprus, per capita income has risen from USUS$5,000 to $11,000 in just two years thanks to a boom in the construction industry. Growth has averaged 12 percent but there is no way that such growth can be sustained. With imports at US$1.2 billion and exports at US$66 million the current account deficit remains a major issue Residential construction is the key to the miracle the economy has been experiencing over the past two years, with per capita income rising from $5,000 to $11,0... |
Slow growth in Thailand01 January 2007, Published under Cement NewsThe Thai cement industry expects growth of only 1 or 2 per cent next year following delays to the new mega-projects, along with signs of only slight growth in new residential projects. Siam Cement Group’s cement operation is market leader in the industry with a share of up to 50 per cent. Pramote Techasupatkul, president, said demand for cement next year would be much the same as this year because the new construction projects would not start. The government’s bidding process will not beg... |
Holcim PR machine on the attack01 January 2007, Published under Cement NewsEmployees of Holcim France, the French arm of the Swiss cement supplier Holcim, demonstrated in Lille last week against plans by Nord Broyage, a subsidiary of Gamma Logistics Investments, to build a clinker-crushing plant in Dunkirk. According to Holcim, Nord Broyage would be able to stave off all competition by importing clinker from Morocco, which is not bound by Kyoto emissions rules, enabling it to charge much lower rates. The Kyoto carbon dioxide emissions quotas allocated in 2006 were... |