Cement News tagged under: international
Vietnam: Cement industry faces oversupply09 October 2006, Published under Cement NewsThe Ministry of Construction has predicted that domestic cement supply will surpass demand by 2009. The ministry reported that cement manufacturers will have surpluses of 5 million tonnes in 2009 and 10 million tonnes by 2011. The oversupply has been attributed to a rapid expansion in the cement industry manufacturing base with major investments in 40 recent cement projects, including Hai Phong and Song Gianh that churn out a total capacity of 42.6 million tonnes per year. The minist... |
Growth in the South African cement market gets producers to increase capacity09 October 2006, Published under Cement NewsLocal cement producers are in the enviable position of having to scramble to keep up with the pace of growth in demand for their product. The R372bn state infrastructure development programme boom in the building and construction industry and the 2010 Soccer World Cup have forced local companies to ramp up capacity. Estimates are that growth in the construction industry, which has fuelled an almost 50% increase in cement demand, will continue until at least 2014. Cement sales in ... |
Heidelberg Close To Stake Buy In India Gujarat Sidhee-TV09 October 2006, Published under Cement NewsGermany’s HeidelbergCement AG is close to buying out the founders’ stake in India’s Gujarat Sidhee Cement Ltd, television news channel NDTV Profit reported Monday. The channel, which quotes unnamed sources, said the deal would be concluded over the next two days. Gujarat Sidhee’s founders had a 46.03 per cent in the company as of June 30. Currently, Heidelberg operates in India through a joint venture, IndoRama Cement, and holds a controlling stake in Mysore Cements, which it bought ... |
Top cement companies in race for Broh-Shind project in India09 October 2006, Published under Cement NewsLafarge and Heidelberg, the global cement majors, are vying with 10 other companies for the Broh-Shind cement project to be set up in Chamba district of Himachal Pradesh. Ambuja Cements, ACC Cements, Jaypee Group, Grasim, Saurashtra Cements and Dalmia Cements are some of the other cement companies staking their claim for the project. The final decision will be taken on the basis of evaluation made by the Industries Department. Each plant is of 2Mta capacity requiring an investment ... |
Three Enexco Teknologies employees killed in accident in Indonesia09 October 2006, Published under Cement NewsEnexco Teknologies said three members of its senior level management were killed in a road accident in Indonesia. The company said in a statement here that two of its employees died on the spot while one more executive died on the way to the hospital when the vehicle, in which they were travelling, collided with a truck around 6:15 am (local time) Friday 6 October. They were travelling from Banda Aceh to Medan, Indonesia. The deceased have been identified as T S Ramachandran, Brijesh... |
ViCAT in discussions to acquire stakes in CIMA subsidiaries09 October 2006, Published under Cement NewsCement Industries of Malaysia BHD (CIMA) announced that it is still in discussions with French cement company VICAT regarding the latter’s offer to acquire stakes in CIMA’s subsidiaries. In a statement to Bursa Malaysia, the company said no agreement has been concluded so far and both parties have agreed that VICAT’s offer will remain valid until December 15. |
Listed cement companies report high-speed growth09 October 2006, Published under Cement NewsChina produced 109.537Mt of cement in August this year, up 21.3 per cent YoY. This is the fifth month running for the country’s monthly cement output exceeding 100Mt, reports Xinhua Business Weekly. According to statistics published by the National Bureau of Statistics, total cement output reached 762.2877Mt in the first eight months of this year, up 21 per cent YoY. China Cement Industry Association predicts that the domestic cement output will hit a historic high and is set to exceed 1... |
Indonesia: West Sumatra to get US$5m donation09 October 2006, Published under Cement NewsThe West Sumatra province of Indonesia is to receive a US$5m donation from PT Rajawali Corpora, a company that has just taken over Cemex SA’s stake in cement producer PT Semen Gresik Tbk, the Jakarta Post said. The assistance, which is designed to promote community development in the region, would be disbursed over a span of five installments, with each one consisting of US$1m, until 2010, according to Darjoto Setyawan, deputy chief commissioner of Semen Gresik, the parent company of Wes... |
Fushe Kruje opens new production line, Albania06 October 2006, Published under Cement NewsAlbania’s cement producer Fushe Kruje has opened on a US$130m state-of-the-art production line to cease imports of clinker and raise production. "The construction works have been completed three months ago and started test production," Shadi Dahdale, Fushe Kruje general administrator told local press. This is the largest foreign direct investment in Albania’s manufacturing industry since the country’s transition to a market economy began in the early 1990s. Albania’s government aw... |
Castle Cement’s new kiln line officially opened, UK06 October 2006, Published under Cement NewsCastle Cement’s new kiln at its Padeswood works in Flintshire Padeswood works was officially opened by the Welsh First Minister on Friday 29 September. Rhodri Morgan joined local community leaders, business people and politicians to celebrate the new UK£64m line. The investment is seen as a vital project for the future of the Welsh economy, the local community and the environment, putting Padeswood at the leading edge of cement production in Europe. The new kiln replaces old plant at th... |