Cement News tagged under: international
SAIL, Jaypee may team up for Bokaro cement plant14 July 2006, Published under Cement NewsThe Jaypee group is leading the race to become the strategic partner in Steel Authority of India’s (SAIL) proposed cement plant at Bokaro. As per the plans, SAIL is to hold 26% stake in the joint venture (JV), while the strategic partner would hold the majority 74%. Sources close to the development said there are as many as six companies in the fray. The cement venture will have a capacity of 2Mta. Significantly, Jaiprakash Associates (JAL) has already struck a deal with SAIL to be strategi... |
Oman’s Raysut Cement H1 net soars over 100 per cent14 July 2006, Published under Cement NewsOman’s Raysut Cement Company (RCC) said its first-half net profit shot up 100.6 percent to 10.07 million rials ($25.98 million) on enhanced production capacity. RCC last year raised its paid-up capital to OMR19.91m from OMR15m through a rights issue to part finance its expansion and upgrading projects. The official said detailed financial result would be announced after the company’s board meeting on July 27. The company’s share edged up by 0.55 per cent to close at 0.906 rial amid ... |
Philippine producers protest at Chinese imports13 July 2006, Published under Cement NewsPhilippine cement manufacturers yesterday assailed the Autonomous Region in Muslim Mindanao (ARMM) Trade department’s decision to allow the importation of unmarked Chinese cement in the region. Cement Manufacturers Association of the Philippines (CeMAP) president Ernesto Ordonez and Holcim Philippines, Inc. hit the entry of the Chinese shipments in ARMM and Central Mindanao that lack the name and address of the importer and the manufacture date. These markings, they said, were required for ... |
Qatar National Cement set for more expansion13 July 2006, Published under Cement NewsQatar National Cement Company to set up fourth line. The Qatar National Cement Company (QNCC) plans to expand its manufacturing facility by erecting a fourth line. QNCC has awarded the contract for the erection of the plant to the French FCB Ciment, for a plant with an daily capacity of 5000t of clinker. The award is for QAR 800m. QNCC’s Chairman and Managing Director Salem Butti Al Nuaimi and FCB’s Sales and Operation Director Etienne Simon signed the agreement. FCB is also constructing lin... |
Cemex to close sale of Indonesia Gresik Friday, Indonesia13 July 2006, Published under Cement NewsCemex SA should complete the US$337m sale of a 24.9 per cent stake in Indonesia’s top cement maker to the Rajawali Group on Friday, a senior Rajawali executive said. Darjoto Setyawan, managing director of PT Rajawali Corporation, said key conditions for the sale of the stake in Semen Gresik such as the termination of arbitration between Cemex and the Indonesian government had been completed. "Regarding the conditions of the closing such as the termination of arbitration and the Condition... |
Al-Jazira Cement signs new plant contract, Saudi Arabia13 July 2006, Published under Cement NewsSaudi Al-Jazira Cement, a newly established cement company, has signed a SAR1.54bn (US$411m) contract with an unnamed German company for the construction of a cement plant. The plant will have a combined capacity of 10,000tpd. The plant is to start operating within a period of 24-36 months. Al-Jazira Cement is headquartered in the capital Riyadh. It has a capital of SAR1.2bn (US$320m), divided into 24 million shares with a par value of SAR50 (US$13.33). The company plans to launch an IPO ... |
Eurocement to investigate Middle East markets13 July 2006, Published under Cement NewsEurocement Group Ukraine, a subsidiary of Eurocement Group (Moscow) has plans to develop the markets of Mid East. Hennadii Donets, the director of the Eurocement Group Ukraine, said to Ukrainian News. "We are working on the program on providing the countries of Middle East with cement. It is worth mentioning that the focus is to be made on Syria, Pakistan, Iraq, and Turkey," he said. He said the company had been working for three months on a program of cement transportation by sea. The Bal... |
Orascom Construction begins production in Iraq12 July 2006, Published under Cement NewsOrascom Construction Industries announced that rehabilitation of the 2.3Mta year Tasluja cement factory in Northern Iraq has been completed for a total investment cost of US$70m. An OCI-led consortium was awarded a tax-exempt 12-year lease for the Tasluja cement plant located near the city of Suleimaniyah in the Kurtdistan region of Iraq in November 2004. The OCI consortium includes the Farouk Rasool Group, a prominent industrial group in Northern Iraq. Under the terms of the contract, t... |
Cement Corporation sells 7Mt, Vietnam12 July 2006, Published under Cement NewsThe Vietnam Cement Corporation said it had sold 7Mt of cement this year, five per cent more than during the same period last year. The figure represents 57 per cent of the company’s full-year target, said the chairman of the corporation’s management board, Le Van Chung. The corporation posted earnings of VND258bn (US$16m) by the end of June, and paid VND370bn ($23m) in taxes to the State budget. It plans to produce a total of about 14Mt to meet market demand in the remaining six m... |
Cement prices may go down, India12 July 2006, Published under Cement NewsCement prices appear to be steady despite the monsoon having set in and Mumbai experiencing heavy downpour. But the lowering of the prices, though marginally, is on the cards. While prices of some smaller brands have gone down, prices of big companies like Ultratech, Gujarat Ambuja, ACC are still seeing upward swing. "We are trying to hold the prices at the same levels. Although there will be some slackening, we are taking care that prices, stocks and despatches do not suffer. Anyway we ... |