Cement News tagged under: international
Strawberry pickers trigger higher cement demand01 August 2006, Published under Cement NewsRomanian workers (including strawberry pickers) in Spain or Italy who returned to Romania in the first half of the year brought about a 20 per cent growth in cement sales of Carpatcement Holding, the local subsidiary of the German group HeidelbergCement, say company representatives. The growth seen halfway through the year is double against the original estimate, of some 10 per cent for this year. Thus, the German group’s business for this year could exceed Euro 220m on the three markets wh... |
China’s cement output hits new high31 July 2006, Published under Cement NewsChina’s cement output in the first half of the year hit a record high for a six-month period, up 20.9 per cent from the same period last year to 540Mt, the Xinhua-run China Securities Journal reported Friday. The newspaper also quoted statistics from the China Cement Association, saying the output had exceeded 100Mt each month from April to June. An increasing number of construction projects in the country boosted output. China’s total investment in roads, factory equipment and other f... |
Century plans mega cement expansion31 July 2006, Published under Cement NewsCentury Textiles and Industries has informed the Bombay Stock Exchange that it is embarking on a Rs 790-crore expansion that would raise the cement capacity at its plant in Chandrapur district of Maharashtra by 2Mta. The plant is operated by the company’s Manikgarh cement division at Gadchandur. The expansion will also include a 35-mw captive thermal power plant. Another proposal cleared at the board meeting was to set up a new cement grinding unit with a capacity of 1.5Mta, under the na... |
Gresik to seek extra funds for new plant31 July 2006, Published under Cement NewsPT Semen Gresik said it will seek Rp2.28 trillion (US$253m) in additional funds to build a new Rp3.5 trillion cement factory. The company is currently only able to cover 35 per cent or Rp1.22 trillion of the total cost, its president Dwi Sutjipto said. Sutjipto explained that the remainding 65 per cent of the cost will be acquired through either a bank loan, bond fund or other form of fund. Construction is set to start in the second half of next year, he said. |
Cimsa to build new production line, Turkey31 July 2006, Published under Cement NewsCimsa announced that it would extend its investment in Eskisehir facility. The company will build a new modern grey cement production line with TRY 80.25mn (US$53.5m) investment in addition to previously decided clincer and cement production modernisation investments amounting TRY 30.75m. The new line will have a clinker production capacity of 2100tpd and cement capacity of 85tph. The investment will take start next month and planned to be completed by end-2007. |
Cement companies look at further investments, Indonesia31 July 2006, Published under Cement NewsSome Indonesian cement companies are going to realize their investments to construct new plants in order to anticipate increasing market demands. Head of the Investment Coordinating Board (BKPM) Muhammad Lutfi informs that some of the realized investments in the second semester this year are helpful in fulfilling the growth of realized investment target by 15.2 per cent this year. "The one surely to realize its investment is PT Semen Andalas [Lafarge Group]. The group has made report to ... |
Iran’s largest cement plant to come on-stream31 July 2006, Published under Cement NewsThe largest ever cement plant of the nation is projected to come on stream in the second half of the current Iranian year. The factory, based in Saveh, Markazi (Central) Arak, is 83 per cent complete and enjoys a cement 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. The factory is established in line with creating employment opportunities and exp... |
Cemex and Rajawali close deal, Indonesia28 July 2006, Published under Cement NewsCemex Asia Holding Ltd has handed over a 24.9 per cent stake in state cement maker PT Semen Gresik to the Rajawali Group concluding a US$337m deal. A director of PT Rajawali Corp Darjoto Setyawan said the stake was officially handed yesterday. The deal also put an end to long dispute between Cemex Asia and the government as the majority shareholder over failure of the government to fully comply with the contract. Cemex had filed a complaint with an international arbitration court against ... |
Cement output boosted to new highs, China28 July 2006, Published under Cement NewsChina’s cement output in the first half of the year hit a record high for a six-month period, up 20.9 per cent from the same period last year to 540Mt, the Xinhua-run China Securities Journal reported. The newspaper also quoted statistics from the China Cement Association, saying the output had exceeded 100Mt each month from April to June. An increasing number of construction projects in the country increased. Statistics show that China’s total investment in roads, factory equipment ... |
Heidelberg hungry for more in India?28 July 2006, Published under Cement NewsHot on the heels of its Mysore Cement acquisition, German major HeidelbergCement is now planning to further increase its presence in India, a senior executive recently said, according to reports from The Economic Times (ET) of India. "After our first step with Indorama, the planned majority takeover in Mysore Cement was vital," HeidelbergCement chairman Bernd Scheifele told ET. "In March, we had mentioned that the approval procedure for a clinker plant in Gujarat has been started. Fu... |