Cement News tagged under: international
Guatemala cement group to build new US$350m plant11 December 2006, Published under Cement NewsGuatemalan cement maker Cementos Progreso said it plans to build a new US$350m cement plant with its Swiss partner Holcim to meet growing demand. The 2Mta plant will be built close to Guatemala City and add to Cementos Progreso’s current capacity of 3Mt, the company’s director Jorge Lemcke told Reuters. Construction is scheduled to be complete by the first half of 2009, Lemcke said. Cementos Progreso will pay for 80 per cent of the new plant and Holcim the remaining 20 percent. H... |
Nirma scraps cement plans11 December 2006, Published under Cement NewsAfter dilly-dallying for over two years, FMCG major Nirma has shelved its plans for a foray into the cement sector. The Rs 2,200-crore Indian company, which owns the Nirma brand, is facing problems in acquiring land for its project and has hence decided against setting up the cement plant in Mahuva in Bhavnagar. In addition, the project cost had also been continuously rising. In 2004, the company had proposed to set up a Rs400-crore cement unit of 1.2Mt capacity in Mahuva i, to be execut... |
Cement plan scrapped11 December 2006, Published under Cement NewsAfter 10 months of intense lobbying the Inner West community let their hair down last Sunday at a party to celebrate victory over a proposed 24-hour cement terminal for White Bay. Developers IC&L Cement were forced to withdraw their application to build the terminal after fierce community opposition and advice from Planning Minister Frank Sartor. With the cement terminal off the agenda the White Bay Steering Committee will now concentrate on its calls for a master plan to be develope... |
Closing agreement between Buzzi Unicem and Sacci11 December 2006, Published under Cement NewsBuzzi Unicem SpA and SACCI SpA implemented today the agreement they entered into on November 13, 2006. Contents of the transaction were disclosed through press release on that same day. Particularly Buzzi Unicem purchased, through its 100% subsidiary Unical SpA, the 30% minority stake in Betonval SpA (already a 70% owned subsidiary) and at the same time sold to SACCI, effective as from December 31, 2006, five lines of business for the production of ready-mix concrete located in Tuscany... |
Vietnam to become self-sufficient in cement by 200908 December 2006, Published under Cement NewsVietnam will produce enough cement to meet all domestic demands and even to export by 2009, as the progress of cement plant projects is being hastened, according to the Ministry of Construction. The ministry expects that 11 cement plants will be put into operation earlier than scheduled, 21 other projects will be on schedule and 11 projects later than scheduled. Especially, there has so far been no investor interested in the Thanh My cement plant project. After one year implementing th... |
India’s JK Cement to invests in new plant08 December 2006, Published under Cement NewsJK Cement Ltd said on Friday it would invest INR9.5bn in the first phase of a cement plant it is setting up in Karnataka state. The plant will have a capacity of 3.5Mta once the split-grinding unit is set up at an investment of INR1.2 bn, it said in a statement. In August, a senior company official said that it plans to invest INR7.5bn to start a 3Mta grey cement plant in Karnataka. The company said it hoped to start production by October 2008 and sell the output in the southern and wes... |
Cement distributors worried over frequent price increases08 December 2006, Published under Cement NewsMr Kofi Afari-Appiah, Western Regional Chairman of National Association of Cement Distributors has expressed concern about the frequent increases in the price of cement in Ghana. He said between July 1 and December 4, this year the price of cement had been increased by 6,000 cedis by the management of Ghana Cement Company Limited (GHACEM). Speaking to the Ghana News Agency (GNA) in an interview on Tuesday, Mr Afari-Appiah said distributors expected the price of cement to remain stabl... |
Cimpor in talks to sell 26 per cent stake in South African unit08 December 2006, Published under Cement NewsCimpor is in talks to sell a 26 per cent stake in fully owned South African unit Natal Portland Cement, Pieter Strauss, the subsidiary’s managing director. The deal, which is expected to be finalized by the end of the year, will be worth about ZAR756m, or about EUR80.158m, according to the report. Strauss said talks with potential buyers are in the final stages, though the names of companies could not yet be made public. Cimpor would retain a 74 per cent stake in Durban-based N... |
Egypt’s Beni Suef to raise cement production08 December 2006, Published under Cement NewsEgypt’s Misr Beni Suef Cement said on Thursday that under a contract signed on Tuesday with Polysius will build a second production line at its cement factory. The new line will be ready in 22 to 24 months’ time and will produce 5000t of clinker a day, it added in a statement. Misr Beni Suef now has a design capacity of 1.4Mta, a report by investment bank EFG-Hermes said. The company statement did not indicate the value of the contract with Polysius. |
Antitrust body imposes no fine on Akcansa for Marmara operations08 December 2006, Published under Cement NewsTurkish cement producer Akcansa Cimento Sanayi announced that the competition board has decided not to impose any fine on Akcansa for the company’s cement and ready-mix concrete operations in the Marmara region. The board had initiated an anti-trust investigation of Akcanca’s operations in the said region in 2005. |