Cement News tagged under: international
Tororo Cement doubles capacity14 November 2006, Published under Cement NewsTororo Cement has doubled its grinding capacity with the commissioning of a cement mill and storage silo with the latest technology. The general manager, B.M Gagrani, said with the new technology, more than 1Mta can be ground. Gagrani said due to power cuts, cheaper imports and inefficient transportation, the plant is operating at 40-50% capacity. He said they are optimistic about the future of the industry and have installed a rotary packer to ensure speedy, accurate and quali... |
Murli Agro to acquire 847ha of land for greenfield plant, India14 November 2006, Published under Cement NewsMurli Agro Products Ltd today said it will acquire 847 hectares to set up a proposed mines and greenfield cement plant at Maharastra. In a filing on the Bombay Stock Exchange, Murli Agro said that the proposed land acquistion is in its final stages and after its completion by end of December, a greenfield cement plant having capacity of 2.14 MTPA cement with 30MW captive power plant at Chandrapur in Maharashtra would be set up. Murli Agro has already finalised the purchase orders for main ... |
Pakistan cement sector registers 16 per cent growth13 November 2006, Published under Cement NewsThe cement sector has registered 16 per cent growth during the last four months from July to October against the corresponding period of last year, sources told Business Recorder on Friday. Well-placed sources said the recently compiled statistics have revealed that the total production of the cement sector was 6.32Mt during the four months, saying the total operational capacity of 28 units has almost surpassed 33Mt, which was only 21Mt at the start of January this year. They, however, said... |
Russian court again delays US’ Russia Partners suit vs Eurocement13 November 2006, Published under Cement NewsThe Moscow Arbitration Court has again postponed preliminary hearings of a 3.35 billion ruble lawsuit filed by U.S.-based investment fund Russia Partners against Russia’s Eurocement Group and its management. The new date for the hearings is December 8. The court postponed the hearing on the grounds that an unspecified third party to the case was not informed about the date and place of the hearing. On October 13 the Moscow Arbitration Court delayed the hearing until Friday. The investment... |
Philippine cement plant given pioneer perks, strict rules13 November 2006, Published under Cement NewsThe Board of Investments (BoI) recently granted pioneer status and income tax holidays (ITH) to a P7-billion greenfield cement plant in Bulacan, even as it slapped strict guidelines on any ownership transfer while the firm is enjoying these perks. Documents showed BoI awarded Eagle Cement Corp.’s P6.73-billion cement plant income tax holidays for four years. The San Ildefonso, Bulacan-based plant will start operation in December 2009. The company will supply cement to Metro Manila and the ... |
Chinese CMC Co. to establish cement plant in Yemen13 November 2006, Published under Cement NewsYemeni Assas company signed Wednesday with Chinese CMS and Hong Kong Mix More companies a partnership agreement to establish a cement plant in Abyan governorate with daily production capacity 5000t. The project, which will cost US$240m represents a direct fruit of president Saleh’s visit to Hong Kong last year. Hussein bin Shuailah, the representative of Shuailah Group Co, signed the agreement on the Yemeni side and the chairman of CSM company, on the Chinese. Yemeni-Chinese cooperation h... |
South African construction costs to soar with cement price increase13 November 2006, Published under Cement NewsIncreases in the domestic price of cement appear imminent and will raise the cost of major construction projects, including the government’s infrastructural expenditure programme and 2010 soccer World Cup projects. This comes after both PPC, Barloworld’s listed cement and lime subsidiary, and Lafarge South Africa, admitted they would make little if any profit, or even a loss, on imported cement at current prices. The government aims to spend about R370bn between April 2005 and March 2008 o... |
India Grasim signs pact with Orissa government for cement unit13 November 2006, Published under Cement NewsIndia’s Grasim Industries Ltd, the flagship company of the Aditya Birla group said it signed a pact with the government of Orissa state to set up a 3.5Mt integrated cement unit in the state’s Sundergarh district. The cement unit will be set up at a cost of INR12bn ($268.456m), the company said in a statement. Grasim said that this is the largest cement project in Orissa state and is expected to be commissioned in three years. |
Lebanon producers threaten to abandon postwar price ceiling13 November 2006, Published under Cement NewsLebanon’s three cement producers have threatened to abandon a price ceiling on building materials that they adopted in August if cement smuggling into Syria continues to revert to pre-war levels. The general manager of Sibline said the price cut in Lebanon has boosted demand for imported cement in Syria, where the price per ton is nearly twice as high, leading to a steep rise in illegal trade over the past two weeks. "If the smuggling is to be beyond reason, then our position will be revie... |
Cement makers in for busy time, Malaysia13 November 2006, Published under Cement NewsThe wait is over and things could finally be looking up for Malaysia’s cement sector. About six months after the announcement of the Ninth Malaysia Plan (9MP), the Government has finally announced on Nov 2 that RM100bn worth of high-impact projects would be rolled out, largely to bolster economic growth and rural development. As many of the projects fall under the infrastructure category, analysts say it will spike demand and lift margins for building materials players. The construct... |