Cement News tagged under: international
Construction of new plants, Indonesia28 July 2006, Published under Cement NewsIndonesia’s PT Semen Gresik plans to build a IDR3.5 trillion new cement plant next year in an effort to boost long term sales, its finance director said. "To finance the development of the new cement plant, we plan to issue IDR1 trillion in bonds and seek $100m loans from credit agencies," Gresik Finance Director Cholil Hasan told Dow Jones Newswires. He said the remainder of the investment for the new plant will be sourced from the company’s own internal cash. "We expect the bond t... |
Madras Cements posts four-fold rise in net profit, India28 July 2006, Published under Cement NewsMadras Cements Ltd has posted a net profit of Rs 78.85 crore for the quarter ended June 30, a 4.3 times jump over the Rs 18.06 crore reported in the corresponding period last year. Sales during the period under review increased 55 per cent. The net profit for the first quarter is only marginally lower than the profit of Rs 79.02 crore recorded during the whole of 2005-06. Company officials attributed this performance to a better product mix and higher realisation per tonne of cement.... |
OCI launches new plant, Pakistan27 July 2006, Published under Cement NewsOrascom Construction Industries (OCI) announced that cement and clinker production at its new plant in Pakistan has commenced onschedule. OCI subsidiary Pakistan Cement Company (PCC) owns the property, plant and equipment of a 2.2Mta cement plant supplied by FLSmidth located along the Lahore-Islamabad highway in the Punjab Province of northern Pakistan. OCI acquired a majority stake in Pakistan Cement Company, formerly known as Chakwal Cement Company, in March 2005. Currently, OCI owns62.75%... |
Government sells off Portland Cement, Tanzania27 July 2006, Published under Cement NewsThe Government of Tanzania is planning to sell 53,975,900 ordinary shares it holds in the Tanzania Portland Cement Company (TPCC). Each share will be sold at Tsh435 (US$ O.34) through the Dar es Salaam Stock Exchange (DSE). Mr. Klaus Hvassing, Heidelbaerg Cement Group Managing Director, said in Dar es Salaam last week that the Government expects to get Tsh23.5billion (US$ 18.7 million) from the Initial Public Offer (IPO). The Government is by far the biggest IPO in equity participation thro... |
Gresik books 20 per cent rise in 1H profit, Indonesia27 July 2006, Published under Cement NewsSemen Gresik Tbk booked an increase of 20% in its revenue to over IDR3.5 trillion in the first semester of this year from the same period last year. Semen Gresik President Director Dwi Soetjipto said that in the first six months of this year, the company posted a net profit of over IDR600bn. "Considering our performance in the first semester of 2006, we are confident we can achieve our targeted profit of IDR1.1 trillion," he explained to Bisnis after a seminar on synergy of state enterpris... |
Ministry and industry to meet over price increases, Jamaica27 July 2006, Published under Cement NewsFinance and Planning Minister, Dr. Omar Davies and Industry, Technology, Energy and Commerce Minister, Phillip Paulwell are scheduled to meet with the management of the Caribbean Cement Company Limited (CCCL), to register the government’s dissatisfaction concerning the recent increase in the price of cement. This was noted by Information and Development Minister, Senator Colin Campbell, on July 24, at the weekly post-Cabinet press briefing at Jamaica House. Senator Campbell told journalist... |
Housing Agency to decide on cement procurement, Ethiopia27 July 2006, Published under Cement NewsThe Addis Abeba Housing Agency, which collected proof of purchase from international companies for the supply of cement in its construction of 65,000 houses, said it will reach its decision this week. A committee composed of three members from Mugher Cement Factory, Addis Engineering Plc, and the agency itself was established a month ago to find the right mechanism for the agency to acquire cement for its housing project. The committee has gathered proof of purchase from six Chinese and Ja... |
Lafarge to invest $450m in two plants, Indonesia27 July 2006, Published under Cement NewsLafarge is planning to build two new cement plants in Indonesia, a senior government official told Dow Jones reporters on Thursday. "They will invest around US$450m to build two cement plants on Sumatra island," Investment Coordinating Board Chairman Muhammad Luthfi said. He said Lafarge will need between 24 and 32 months to complete the development of the two cement plants, which will be built in the Aceh Province. "We have already issued a license for Lafarge to build the cem... |
Twiga Cement set aside US$100m for investment27 July 2006, Published under Cement NewsTanzania Portland Cement Company Limited (TPCC), says it has set aside US$100m as capital investments in the next three years to keep abreast with rising cement demand, and warned it might not declare dividends during the investment period as the projects would be financed from internally generated funds. Its Chairman, Jean-Marc Junon, said trending construction boom in the country has given the public entity the jolt to make further investments in capacity, less than two years after spendi... |
Lafarge inaugurates its first cement grinding plant in Vietnam26 July 2006, Published under Cement NewsLafarge, which first moved into the Ho Chi Minh City region in 2001 with ready mix concrete operations, has just inaugurated its first cement grinding plant on the Long Tau river, 25km south-east of Ho Chi Minh City, in the Dong Nai province. The construction and commissioning of this 500,000 ton grinding facility with a private port was achieved in less than eighteen months, for a total investment cost of US$30 million. It is the first project of Lafarge Xi Mang, the Joint Venture in which... |