Cement News tagged under: international
Russia Partners files suits against Eurocement Group17 August 2006, Published under Cement NewsRussia Partners has filed suits with UK and Cyprus Courts against Eurocement Group, Filaret Galchev and two Cyprus companies seeking to deprive Eurocement JSC, a joint company, in which Russia Partners holds a 44.4 per cent stake, one of its major assets - namely 38.7 per cent of Maltsevskiy portlandtsement stocks, said Russia Partners. These suits will add suits considered by Russian courts accusing Galchev and Eurocement Group in permanent withdrawal of key assets from the joint company, ... |
Peru cement sales rising17 August 2006, Published under Cement NewsThe quantity of Peruvian cement sales stood at 388,013t in July 2006, according to data of the Peruvian association of cement producers Asocem, as reported on August 16, 2006. Peruvian cement exports stood at 98,746t for the month. Peruvian cement sales rose to 2.75Mt in the period from January to July 2006, up 14.5 per cent year-on-year. Peruvian cement exports rose to 502,379t in the period, up 23 per cent. |
Iran imports more cement?17 August 2006, Published under Cement NewsAccording to Al-Wefaq newspaper (August 16, 2006), a senior manager at the Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) said that Iran had imported 1,320,000t of cement since the beginning of the current Iranian calendar year, which started on March 21st. The official added that another 44,000t will be imported in the next few days. |
Fix anomalies at Portland17 August 2006, Published under Cement NewsOver the past month, East African Portland Cement Company has been in the news for all the wrong reasons. Arguably, this could be the very reason major shareholders of the company met last week to review its shareholding structure. There are two issues shareholders were focusing on. One, the holding of major stake, 41.7 per cent, by rival French Lafarge, which owns the largest cement firm, Bamburi. This has provoked debate over whether Lafarge is running a monopoly in the domestic marke... |
Southern cement producers gain16 August 2006, Published under Cement NewsDriven by the increased consumption in the southern markets of India, total cement despatches during the first four months of current fiscal shown a tremendous growth in India to 50.54Mt as against 45.81Mt during the same period last fiscal. The average monthly despatch during the four-month stood higher at 12.63Mt as compared to 11.45Mt during the same period last fiscal. Thanks to a strong demand from Andhra Pradesh, companies such as India Cements and Madras Cements have reported sharp ... |
Increased cement supplies offers little comfort16 August 2006, Published under Cement NewsReports that Caribbean Cement is to release 17,000t of cement to the market this week has done little to comfort stakeholders who have been complaining of a critical shortage of the product. In an apparent effort to allay the concerns of persons in the industry the Commerce Ministry Tuesday morning issued a statement that the company would be producing 5000t more than produced last week. But construction interests believe that will do little to bridge the gap between supply and demand. Ma... |
Japan cancels Nepal cement debt16 August 2006, Published under Cement NewsThe government of Japan on Tuesday canceled outstanding debt (principal and interest) worth 1. 67 billion Nepali rupees (US$23.91m) owed by Nepal to Japan, local media reported Wednesday. "The government of Japan has agreed to cancel the outstanding principal and interest owed by Nepal to Japan that have fallen due on or after April 1, 2003 for the loans extended up to 1987," the radio quoted a press statement released by Finance Ministry as saying. Those loans were extended for the executio... |
Judge stops plan for mine, cement plant15 August 2006, Published under Cement NewsA US circuit judge sided with Florida’s Center Hill residents last week, halting a new limestone mine and cement plant originally planned on rural land. Judge William H. Hallman quashed three Center Hill ordinances that threatened the retirement haven of Monty McBryde, 63. Together, the ordinances had allowed 1235 acres to be annexed into the city. They also permitted Sumter Cement Co. to build the plant and the county’s seventh limestone mine on land surrounding McBryde’s future retirement... |
Jordan Cement Factories embarks on capacity expansion15 August 2006, Published under Cement NewsThe Jordan Cement Factories Co announced that it is planning to expand is manufacturing capacity. The expansion plan is expected to be completed by 2008 and an increase production capacity by 31 per cent. The expanded production capacity will reach 5.5Mt. |
Chinese Horse fails test15 August 2006, Published under Cement NewsThe Philippine Trade department refused clearance to a cement shipment imported from China on the grounds that the Chinese "Horse" brand failed one of the standard tests. In a letter to Cement Manufacturers Association of the Philippines President Ernesto M. Ordonez, Trade assistant secretary Merly M. Cruz said the P18 million worth of cement shipment from China failed the seven-day physical and chemical tests. "The results further show that the sample also failed the seven-day test for com... |