Cement News tagged under: international
Portland ownership talks04 September 2006, Published under Cement NewsA meeting to review ownership of East African Portland Cement is scheduled for next week. The Wednesday gathering, to be attended by shareholders, will decide among other issues, whether a listed firm, Bamburi Cement Limited, should sell some of its shares in East African Portland. The outcome of the meeting might see some of the shareholders cede part of their stake to allow Portland list at least 25 per cent of its shares as required by the Nairobi Stock Exchange. Currently only six p... |
Gaddafi lays foundation stone for new plant01 September 2006, Published under Cement NewsThe Leader of the Libyan Revolution, Colonel Gaddafi, laid down the foundation-stone for projects to develop and increase productivity of a number of factories of the Libyan Cement Company to increase its production capacity from 1.5Mta to more than 4Mta yearly within the framework of a comprehensive plan to increase production’s lines at these factories to fully cover the region’s needs of this essential material and to cope up with the wide spread constructional development. The projects ... |
Philippine association cries foul01 September 2006, Published under Cement NewsThe Cement Manufacturers Association of the Philippines (CEMAP) warned local cement industry and their distributors, particularly in Southern Mindanao area, on the possible entry into the local market of 118,000 bags of cement from China believed to be defective. CEMAP president Ernesto Ordonez said the clandestine release of the cement to the local market even before completion of required testing by the Bureau of Product Standards (BPS) is believed possible even after the cement import... |
Obajana Cement on target01 September 2006, Published under Cement NewsThe multi-million dollar Obajana Cement Company on completion is expected to create 10,000 new jobs, Alhaji Aliko Dangote, Group Chairman, Dangote Industries Limited said yesterday during a facility tour to the factory in Kogi state. According to him, “all the required raw materials for producing the cement is readily available in the country. Ninety-six per cent of the raw material is available in our Obajana Mines in one location except gypsum which is one of the major points to select a ... |
Guimaras sludge to fuel cement plant01 September 2006, Published under Cement NewsThe oil sludge recovered from the beaches of Guimaras Island, Philippines will be used as fuel to manufacture cement, Defense Secretary Avelino Cruz Jr. said Thursday. On Sunday, a barge with a capacity of 2,500 metric tons will arrive in Guimaras to collect the sludge and bring it to the Holcim Cement plant in Oriental Mindoro, Cruz, who heads the multi-agency Task Force Guimaras, said. "The oil sludge will be burned as fuel to manufacture cement," Cruz said during a meeting of the Nationa... |
Cimpor ahead despite Portuguese profit decline31 August 2006, Published under Cement NewsCimpor’s first half turnover increased by 11.2% to €824.4m, with the EBITDA increasing by 8.7% to €279.4m in spite of a notable increase in energy costs and a very weak Portuguese market. The trading profit emerged 16.9% higher at €196.8m, with the net interest charge being little changed at €16.5m to give a pre-tax profit 18.9% ahead at €180.3m. Group cement shipments were 5.1% higher at 10.16m tonnes but ready-mixed concrete deliveries were pre off by 1.6% to 3.48m m³, as good growth els... |
New Iranian plant scheduled to open31 August 2006, Published under Cement NewsAccording to “Tehran Times”, the largest ever gray cement plant of the nation is projected to come on stream in the second half of the current Iranian year (some time after September 22, 2006). The factory, based in Saveh, Markazi (Central) Arak, is 83 percent complete and enjoys a production capacity of 7500tpd. Financed by the Oil Stabilization Fund (OSF) and investors which are valued at $244.4m, the factory is being constructed on a land area as large as 400 hectares. |
Harleyville set to grow31 August 2006, Published under Cement NewsA US$291 million expansion and upgrade of the Lafarge North America cement plant near Harleyville represents the largest single capital investment in Dorchester County history, officials said Tuesday. The project, previously reported by The Post and Courier, is expected to take three years to complete, require hundreds of construction workers and add 18 permanent jobs to the company’s existing payroll of 135 employees. Work is expected to start in early 2007, he said. With no spare manu... |
Annual cement production to increase by 3Mta31 August 2006, Published under Cement NewsBased on the Iranian government plans, the nation’s cement production will increase by 3Mta. So far, licenses have been issued for the building of a number of the cement production plants across the country, a spokesman said adding the plants are expected to annually produce 110Mt of the commodity. “We expect production to pass the current 40Mt level and hit the target 70Mt per year by the end of the nation’s Fourth Socioeconomic Development Plan”, he explained. There are good prospects for... |
Spanish housing boom near peak?31 August 2006, Published under Cement NewsThe Bank of Spain calculates housing prices, after five years of double-digit increases, are overvalued by about 30 per cent. Empty homes around the country suggest the market is close to peaking. Spain’s local governments rely on revenue from building permits and taxes, leading some to get caught up in a speculative boom. Spaniards, betting house prices will continue rising, increasingly buy homes purely as investments. Builders, betting more buyers will come forward, continue drawing up pr... |