Cement News tagged under: international
ACEL okays its amalgamation with Gujarat Ambuja Cements18 September 2006, Published under Cement NewsAmbuja Cement Eastern Ltd (ACEL) has approved the amalgamation of the company with Gujarat Ambuja Cements Ltd. The shareholders, secured and unsecured creditors took a decision to this effect at the court-administered meetings held on September 13, the company - a subsidiary of Gujarat Ambuja Cements Ltd - informed the stock exchanges. The company will be submitting its application to the High Court for approval of the amalgamation scheme in due course, it said. ACEL was set up i... |
UAE’s Union Cement plans 3Mt Algeria plant18 September 2006, Published under Cement NewsUAE’s Union Cement has signed a deal with Algeria’s government to set up a $600m cement plant with an annual capacity of 3Mt in the north African country, the state news agency WAM announced. WAM quoted a senior company official as saying part of the output of the plant may be exported. The agency did not say when the project was expected to be completed. Algeria’s government, facing a nationwide housing shortage, is seeking to meet a target to build 1M apartments in the 2005-2009 pe... |
Portland Cement set to increase exports18 September 2006, Published under Cement NewsCement manufacturing giant Portland Holdings Limited is set to increase exports to Botswana by 50 percent due to the growing demand for cement in the Southern African Development Community (Sadc) region market. Responding to questions from the Chronicle, Portland Holdings managing director Mr Trevor Barnard said the company expected to boost trade with other Sadc countries over the next year. Portland Holdings Botswana and Zambian markets had shrunk to low levels last year due to lack ... |
Venezuela, Iran to set up cement plant in Carora18 September 2006, Published under Cement NewsVenezuela and Iran plan to jointly set up a cement plant in Carora, in the Venezuelan western state Lara, the Venezuelan President, Hugo Chavez, announced, after his meeting with the Iranian President, Mahmoud Ahmadineyad, who is on an official visit in Venezuela. The cement plant will be the second one, built with co-operation of the two countries, following the construction of a plant near Maturin, in the Venezuelan northern state Monagas. The cost and timing of the new project were not... |
Holcim unveils new clinker line, Bulgaria18 September 2006, Published under Cement NewsA Holcim’s Bulgaria facility has modernised and relaunched a clinker line at its cement works in Beli Izvor, in North-western Bulgaria. The EUR26.5m upgrade boosts the daily capacity of from 1400tpd to 2,500tpd while cutting energy consumption by 15 percent. The added capacity will position Holcim better to meet local demand which has been rising in 30 percent increments over the last couple of years. Holcim also owns a cement plant in Pleven, Central Northern Bulgaria. The Swiss comp... |
Suez Cement gets EGP1.2B loan to acquire Asec Cement15 September 2006, Published under Cement NewsA consortium of banks in Egypt led by Commercial International Bank said it provided a loan to Suez Cement Co. amounting to 1.2bn Egyptian pounds (US$209.2m), the London-based daily Asharq al-Awsat reported. The aim of the loan is to finance Suez Cement’s acquisition of Asec For Cement Co., the consortium said. The consortium includes Banque Misr, Bank of Alexandria, Arab African International Bank, Barclays PLC, Societe Generale (13180.FR) and BNP Paribas (13110.FR). |
Gujarat Angan Cement Ltd plan greenfield plant15 September 2006, Published under Cement NewsGujarat Angan Cement Ltd (will set up a green field cement plant near Abdasa in Kutch district of Gujarat) Gujarat Anjan Cement Ltd will set up a greenfield cement plant near Abdasa in Kutch district of Gujarat. The company will invest Rs4,500 million to set up the plant with a capacity of 1.2 million tonnes per annum (tpa). The project is yet to be cleared by the Ministry of Environment and Forest, Government of India. |
Governor slams cement makers for obstructing affordable housing15 September 2006, Published under Cement NewsRussian cement monopolists are obstructing efforts to provide people with affordable housing, the head of a region in southwestern Russia said. President Vladimir Putin announced the launch of a national drive to provide the population with affordable housing in September 2005. The initiative was launched against a backdrop of unprecedented growth in real estate prices and a general housing shortage. Young families in particular, deemed essential by the government to solving a ... |
Indonesia’s Tonasa gets loan offers for its 5th cement plant15 September 2006, Published under Cement NewsState-owned cement maker PT Tonasa in South Sulawesi has received offers from three banks to provide loans to finance the construction of its fifth plant. PT Bank Mandiri, Bank Rakyat Indonesia both state banks, and Bank Mega, have offered to finance the Rp2.6 trillion (US$289 million) project in Biringere in the regency of Pangkep, Tonasa President Sattar Taba said. Bank Mandiri is ready to lend Rp2 trillion, BRI Rp1.8 trillion and Bank Mega Rp500 billion, Sattar said. Se... |
Italcementi says Bulgaria sales up in H115 September 2006, Published under Cement NewsItaly’s Italcementi Group, which owns the cement mills Devnya Tsiment and Dimitrovgrad-based Vulkan, said robust demand on the Bulgarian market has boosted the sales of its local units and lower their overseas exports. Earlier this year Italcementi said Bulgaria’s cement consumption would jump 70 percent over the next 5 years from 350 kg per capita to 600 kg. The combined production capacity of Italcementi’s Bulgarian mills is 2.5 million tons annually. |